St. Francis Manor Inc.

“The bylaws changed to include the following as one of the purposes of the organization: "the other purpose is to provide contractual administrative, management, leasehold and general oversight and coordination services to hammond center, llc, an assisted living facility, seeland park, a cooperative housing facility, and community services of st. Francis llc, a private home health agency. Hammond center, seeland park and community services of st. Francis are located on an extended campus together with st. Francis manor. Along with st. Francis manor, they constitute coordinated components of a continuing care retirement community in grinnell, and are part of the charitable mission of st. Francis manor."”

“The bylaws changed to include the following regarding voting approval requirments: "consent without meeting. Action required or permitted to be taken by the board of trustees may be taken without a meeting if each trustee signs a consent describing the action to be taken and delivers it to the corporation. A consent so signed has the effect of action taken at a meeting and may be described as such in any document. Such consent may be in the form of a regular email ostensibly from a trustee which in substance expresses consent to the proposed action."”

“The bylaws changed to include the following duty of the finance committee: "approve audit, form 990 and executive compensation."”

“The st. Francis manor, inc. Finance committee reviewed the 990 and approved the return before it was filed.”

“Sfm conducts periodic reviews including whether compensation arrangements and benefits are reasonable and are the result of arms-length bargaining and whether partnership and joint venture arrangements conform to written policies, are properly recorded, reflect reasonable payments for goods and services, further the charitable purposes of sfm and do not result in inurement or impermissable private benefit. Also, the sfm administrator reviews annual conflict of interest disclosure forms complete by the board of directors.”

“The sfm administrator's compensation is reviewed and approved by the finance committee.”

“St. Francis manor, inc. Will provide a copy of its 990 upon request.”

“St. Francis manor, inc. Will provide a copy of its governing documents, conflict of interest policy, and financial statements upon request.”

“Sammi bryan was compensated for services as an employee at hammond center, and not as a member of the board of directors.”

“Contribution of equity between related parties -93,422.”