The Homestead at Montrose Inc

“Michael king, joseph budzynski, david bowman, thomas turnbull, patrick sheridan, wayne olson, deborah perry, nancy gavin and cynthia keller have business relationships with each other, because they also serve as directors, officers, and/or key empoyees of volunteers of america, inc., volunteers of america national services, and/ or their related organizations.”

“Voa national services is a member.”

“Voa national services has the right to elect or appoint directors.”

“Voa national services approves amendments to the articles and bylaws.”

“The tax return is provided to the board of directors for review. The board has 5 days to review and give comments on the return. After the comment period, any changes will be made to the return. The board of directors is then provided a complete copy of the final return upon filing.”

“The policy requires officers, directors, and key employees to disclose annually interests that could give rise to conflicts. The policy and disclosure form are distributed and collected annually, and individuals are required to update the disclosure form thorughout the year in the event potential conflicts arise. Potential conflicts of interest are reviewed by the board of directors.”

“The organization follows the Whistleblower Policy adopted by its corporate parent, Volunteers of America National Services.”

“The organization follows the Document Retention and Destruction Policy adopted by its corporate parent, Volunteers of America National Services.”

“The organization's CEO is not compensated by the organization but is compensated by a related organization, Volunteers of America, Inc. Volunteers of America's process for determining compensation of the organization's CEO, officers,and key employees includes review and approval by a compensation committee formed of independent members appointed by the Board of Directors. The Compensation Committee reviews compensation data with respect to functionally comparable senior management-level positions at organizations similar to Volunteers of America in size, geographic location, national presence, industry and other relevant factors, and determines a permissible range of pay between the 50th and 75th percentile of compensation received by comparators. Compensation data is gathered from published survey sources and using the services of an outside compensation consulting firm. This process was most recently undertaken by the organization in January 2009, to establish the compensation of the following individuals: Michael King, CEO; David Bowman, Assistant Secretary/Assistant Treasurer; Tom Turnbull, Assistant Secretary/Assistant Treasurer; and Patrick Sheridan, Assistant Secretary.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

“Established in 1896, Volunteers of America is a national, nonprofit, faith-based organization providing services such as housing and healthcare to more than 2 million people in over 400 communities each year. In support of that mission, The Homestead at Montrose, Inc. was organized and is operated to engage in, advance, support, promote, and administer health and health-related services and supportive services to seniors and disabled individuals.”