Village North Inc

“Vni has entered into an agreement with bethesda health group, inc., who is one of the joint members of vni, to provide management services for the day-to-day operations of vni. The management services to be provided by bethesda health group, inc. Include, without limitation, the following: general planning services; budgets; contract negotiation; billing and collection services; business office services; pricing; human resource services; information systems; advertising & marketing services; accounting services; repairs & maintenance; capital improvements; admission & discharge services; insurance; record maintenance; quality control; risk management; policies & compliance services; and other management activities. During the 2024 calendar year bethesda health group, inc. Compensated the following individuals in total wages: billy hogan ($190,241) for serving as vni's administrator and cori huskey ($104,032) for serving as vni's director of nursing.”

“Bethesda health group, inc. And christian health services development corporation, two unrelated charitable tax-exempt organizations described in internal revenue code section 501(c)(3), are vni's two members, with each having 50% control of its board of directors.”

“Each of the organization's two members, bethesda health group, inc. And christian health services development corporation, have the power to appoint two members to vni's board of directors.”

“A copy of the form 990 will be distributed to the board of directors for review, comment and approval prior to filing.”

“Vni has adopted a written conflict of interest policy (policy) that requires officers, directors, key employees, and other covered individuals to disclose business or other interests that may give rise to conflicts. Vni regularly and consistently monitors compliance with the policy by issuing annually a conflict of interest questionnaire reminding covered individuals of their obligation to disclose potential conflicts and requires the individual to attest to their continuing obligation to disclose said conflicts should the need arise. The results of the conflicts questionnaire are reviewed by a centralized compliance department and appropriate action is taken as necessary. In accordance with the policy, individuals disclosing such conflicts recuse themselves from any and all discussions related to such business transactions. Such relationships are reviewed to ensure that any payments received or amounts paid do not exceed the fair market value of the goods and services received by vni.”

“Per policies of the management services provider, bethesda health group, an independent compensation consultant is regularly engaged to review and analyze the compensation and benefits of our executives compared to their peers in the business community. The results are reviewed and approved, when appropriate, by the board of directors.”

“Per the policies of the management services provider, the organization does not make copies of its governing documents, conflict of interest policy, and financial statements available to the public.”

“Although the organization paid bethesda approximately $847,397 for the calendar year, only $547,187 of that is considered to be management fees. The other $300,210 is reimbursement for miscellaneous fees and technology incurred by the management company. These amounts are split between the appropriate categories and reported accordingly on page 10.”

“Village north does not issue w-2s. The management company, bethesda health group inc, issues the w-2s for this entity. The amount listed on form 990, part ix, line 7 represents the wages that bethesda has paid to its employees who work specifically at the village north community.”

“Purchased services: program service expenses 2,820,299. Management and general expenses 37,190. Fundraising expenses 0. Total expenses 2,857,489. Professional fees: program service expenses 32,333. Management and general expenses 143,646. Fundraising expenses 0. Total expenses 175,979.”