Walker Methodist

“The executive committee consists of the board chair, vice chair, president/ceo, immediate past chair, secretary, treasurer, and two other current board members. The executive committee may exercise all of the powers of the board during intervals between meetings of the board of directors, except that the executive commitee may not take action with respect to acquisition, disposition, financing or refinancing of real property, with respect to the employment of a president/ceo, or with respect to amendment of the articles of incorporation or bylaws; provided that in any such action, the executive committee shall not contravene any action or policy adopted by the board of directors.”

“Walker senior services, inc., a related entity, was engaged to manage the entity's operations. Responsibilities included supervision of the organization's daily operating activities and staff, ensuring regulatory compliance, and preparation of annual budgets for the governing body's approval.”

“The management of the organization reviewed the form 990 in detail, which was then forwarded to the board of directors for review prior to filing with the irs.”

“The organization does require members of the board of directors and senior management to complete a conflict of interest disclosure form annually. The organization's chief executive officer and board chair review and monitor the conflict of interest disclosures. If an individual has a conflict, the individual is not allowed to participate in discussions or vote on the issue.”

“Upon request, walker methodist's governing documents, conflict of interest policy and financial statements may be reviewed at the organization's office.”

“Walker methodist plaza gardens, llc (wpg) was organized during 2015 to develop and operate 72 unit assisted living community in anoka, minnesota, including 26 memory care units and 5 care suites, and is connected to walker methodist plaza by skyway. Wpg is expected to open in august 2016.”

“Transfer from related parties 708,574.”