The Neighborhood in Rio Rancho

“Management duties are provided by pacific retirement services, inc.”

“Pacific retirement services is the sole member.”

“All members of the board of directors are elected by pacific retirement services, the sole member.”

“Pacific retirement services has the exclusive power to take the following actions on behalf of the neighborhood in rio rancho: (a) amend, restate or repeal the bylaws or adopt new bylaws; (b) coordinate the organization's activities and engage in the overall planning, policy development, budgeting and resource allocation for the organization; (c) appoint outside auditors for the organization; (d) elect or appoint the organization's directors and fill vacancies caused by the death, removal or resignation of a director; and (e) remove any of the organization's directors or officers. The prior approval of pacific retirement services is required before the board of directors may: (a) approve any merger or consolidation of the organization with another entity, or any partial or total liquidation of the organization's assets; (b) incur any debt, or enter into any contract, not contemplated by the annual budget if the aggregate dollar amount exceeds $100,000; (c) make any gift or gratuitous transfer in excess of $15,000 in the aggregate in any calendar year; (d) create a taxable or tax-exempt subsidiary or affiliated organization; (e) acquire a controlling interest in another entity; and (f) approve any amendment, repeal or restate of the organization's articles of incorporation or adopt any articles of incorporation.”

“The form 990 was reviewed by the corporate director of accounting, vice president of accounting, and cfo.”

“The conflict of interest policy and questionnaire are sent to all board members and key employees annually. There are two policies related to conflicts of interest: 1) board of directors; 2)key employees, which identify the purpose, definitions, and procedures. If a conflict is self-identified by a board member or key employee in the questionnaire and/or meeting, procedures are followed and documented according to the policy.”

“A compensation committee of the prs board exists to determine compensation for the executive director of each community. This committee is comprised of the officers of the prs board of directors. The committee has a charter that outlines its duties and responsibilities. It also has agenda elements that describe the activities that the committee undertakes during the year. The vp of human resources provided salary studies from the following resources to the committee relative to executive director compensation: salary.com, payscale.com, 990 review (like size organizations), cemo (chief executive officers of multi-facility organizations) salary study results, and industry state association salary study results based on geographical location. The recommendation for base compensation and bonus are provided by the executive director's direct supervisor (coo or vp of operations).”

“Corporate financial data and governance information is not public information, and as such, is released only pursuant to legal regulation, court order, or other applicable law, and as directed by corporate counsel.”

“Tax-exempt bonds were issued in 2019 by haverland carter lifestyle group, and all activity related to that bond issuance is reported on haverland carter lifestyle group's schedule k.”