Heritage Apartments Inc

“The executive committee is made up of the chair, vice chair, treasurer, and secretary of the board along with president/ceo of the corporation. All items approved by the executive committee are reaffirmed by the full board at their next meeting.”

“The board of directors of lyngblomsten are the members of heritage apartments, inc.”

“The corporate congregations send delegates to the lyngblomsten annual meeting, who, as members of lyngblomsten, elect the lyngblomsten board. The lyngblomsten's board of directors elects the members of the lyngblomsten senior housing, inc., board of directors. Heritage apartment's board of directors consists solely of duly elected and qualified officers of the board of directors of lyngblomsten senior housing, inc. Election as an officer of lyngblomsten senior housing, inc. Constitutes election as a director of heritage apartments for the same term.”

“Changes in the by laws and articles of incorporation require membership approval.”

“The ceo, cfo, and controller review the document, which is emailed to the finance committee of the board prior to their meeting for review and comment. The board receives the document prior to their board meeting by email. Paper copies are available at the board meeting for further discussion and board approval.”

“An updated conflict of interest policy is signed by all officers, directors, and key employees annually. This policy is monitored by the corporate compliance officer and if any conflicts of interest exist, that individual is excluded from participation and voting on related transactions. Upon completion of the conflict of interest statements, the results/conflicts are reported to the executive committee of the board and recorded in their minutes.”

“The lyngblomsten board's executive committee reviews and sets the ceo's compensation annually and performs a compensation study periodically, last completed in 2021.”

“All documents are made available upon request.”

“Throughout 2022, the heritage apartments continued to respond to the covid-19 pandemic, following all applicable guidance from federal and state health agencies for senior housing. As conditions changed, policies and protocols were adjusted. Tenants were able to participate in more in-person group activities such as community meals, art classes, and exercise groups compared to the previous year (in fact, nearly all programming was offered in-person in 2022), as well as to continue to enjoy in-person visits with friends and family. Physical improvements were introduced at heritage apartments. These included new window blinds at the heritage apartments. In addition, a new food service model was implemented, as operations shifted from an outside vendor to the in-house (lyngblomsten) food service team. Heritage staff and tenants continue to adapt to operating under the assisted living law that took effect in minnesota in 2021.”

“Purchased food services: program service expenses 129,954. Management and general expenses 0. Fundraising expenses 0. Total expenses 129,954. Security contracts: program service expenses 60,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,050. Repairs and maintenance contracts: program service expenses 47,069. Management and general expenses 0. Fundraising expenses 0. Total expenses 47,069. Other purchased services: program service expenses 58,753. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,753.”

“There have been no changes.”