Home Based Services Initiative LLC

“There are three members/owners of HBSI St. John's Lutheran Ministries (66.5%), Billings Clinic (28.5%), and Big Sky Senior Services (5%). Of the six voting board members, St. John's has three, Billings Clinic has two, and Big Sky Senior Services has one.”

“There are no committees with the authority to act on behalf of the governing body.”

“Draft of 990 will be sent via email to the six member board to review and an electronic vote will be taken via email to approve the 990 for submission.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member the opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The officers are compensated by St John's Lutheran Ministries for services provided to Home-Based Services Initiative. St John's Lutheran Ministries has a process in place to determine the individuals' compensation.”

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

“Distributions to noncontrolling interest -495,758. Beginning net assets 900,063.”

“Home-Based Services Initiative, LLC does not employ any employees, but instead purchases services from St. John's Lutheran Ministries, a related organization, which is reported as compensation services on Part IX.”