Regency Retirement Residence of North Platte

“Management duties have been delegated to paradigm senior living, 800 nw 6th ave, portland, or 97209.”

“There is one class of membership that consists of the sponsor member of the corporation which shall, from time to time, assist in arranging wellness programs and other services for the care and treatment of persons residing within the corporation's retirement center. The sponsor may provide additional support and guidance as needed by the corporation from time to time. The sponsor member is north platte, nebraska hospital corporation d/b/a great plains health.”

“Five directors are appointed by the sponsor member, north platte, nebraska hospital corporation d/b/a great plains health.”

“The board is notified that a copy of the form 990 is available through an electronic portal for review prior to the form being filed. The finance/audit committee reviews the form 990 either before it is filed or at the meeting following the filing of the form 990. In addition, a member of the finance department reviews the return prior to the return being filed.”

“Each member of the board is required to complete the guidelines for annual disclosures questionnaire related to officers, directors, committee members and key employees. This form is reviewed and kept on file in the hospital's administrative offices. If a conflict arises, the member with the conflict will refrain from voting on the matter.”

“The governing documents, conflict of interest policy and related documents are not provided to the public.”

“All officers of regency retirement residence of north platte are paid through related organizations. Therefore, any process in place for determining compensation for officers is done so through the related organizations.”

“On march 25, 2020 the board of directors authorized the dissolution of the organization. The organization liquidated its assets and terminated effective march 31, 2020, with the dissolution effecitve december 31, 2020. Upon liquidation of assets, the organization ceased providing residential facilities and services for the elderly.”

“Other professional fees: program service expenses 6,652. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,652.”

“Liquidation of regency retirement residence of north platte 1,093,905.”

“Regency retirement residence of north platte is audited on a consolidated basis with north platte, nebraska hospital corporation d/b/a great plains health, great plains homecare equipment, inc., great plains pho, inc. D/b/a great plains health innovation network and mid-nebraska medical ventures.”

“The board of directors of great plains health assumes responsibility for oversight of the audit and the selection of the independent accountant. This process has not changed from the prior year.”