Presbyterian Homes

“The executive committee shall consist of the chair, the vice chair, the secretary, the treasurer, and such additional members of the board as from time to time may be determined by the board of directors. The president/ceo shall be a non-voting attendee at all meetings of the committee. The executive committee shall have and exercise the authority of the board of directors in emergencies when convening the full board is not practicable and shall report its actions to the board at the earliest opportunity.”

“The form 990 is prepared by an independent accounting firm and is then presented to the audit committee, which acts as a representative of the board of directors for review and approval. This is accomplished prior to the filing of the form 990. The audit committee forwards recommendation for acceptance of the form 990 to the board of directors. Copies of the form 990 are also forwarded to the entire board for their review and comment period. The board then acts on the recommendation of the audit committee prior to the 990's being filed with the irs.”

“An extensive conflict of interest policy was adopted in april 2001 and most recently revised in 2019. The policy defines covered fiduciaries as persons to whom this policy applies, and includes all directors, officers, identified key employees and agents of presbyterian homes (dba presbyterian living). An annual disclosure form is provided to all identified covered fiduciaries for completion and return. Presbyterian living also asks all covered fiduciaries to provide disclosure whenever conflicts or dualities of interest arise or are suspected. In addition, the board or board committee chair shall remind directors at all meetings of the board or board committee to disclose actual or potential conflicts or dualities as one of their ongoing duties under the policy. Covered fiduciaries are required to disclose any facts or circumstances that might give rise to potential conflicts or dualities. The president/ceo or his/her designee reviews the annual disclosure statements submitted by covered fiduciaries and determine specifically any actual or potential conflicts or dualities of interest. The president/ceo/des gnee shall advise the appropriate board or board committee chair and the affected covered fiduciary(ies) on those matters for which certain covered fiduciaries should not vote.”

“The compensation committee of presbyterian living is responsible for all compensation and benefit matters for senior management. Presbyterian living annually participates in an industry specific executive compensation survey. The results of this survey is reviewed by management and shared with the committee as necessary. In addition, the committee regularly engages an external compensation consulting firm to assist in its review of the level of compensation, incentives and benefits for senior executives and key employees every three years. The compensation consultants accumulate and present to the compensation committee market information for each senior executive position, summarize individual executive compensation, incentive and benefits packages and benchmark that information to the industry data they have accumulated. Annually, the organization's staff and/or the board of directors prepares performance reviews for all senior managers and key employees and makes a recommendation to the compensation committee regarding compensation, incentives and benefits adjustments. The compensation committee considers the performance recommendation, comparisons of total compensation by executive to market compensation percentile for industry executives with similar job titles and/or skill sets, and organizational needs in terms of meeting the challenges of the unique business of providing senior care services. The compensation committee makes a recommendation regarding compensation and benefits changes for senior management which is approved annually by the full board of directors within the budget process. The compensation committee proceedings are contemporaneously documented and minutes are maintained and on file at the corporate office.”

“The governing documents and financial statements are available upon request to the public. For the information contact the chief financial officer, mark havrilka at presbyterian living, 8707 skokie boulevard, suite 400, skokie, il 60077. The financial statements are available through the illinois attorney general's office.”

“- Total Revenue: 301947, Related or Exempt Function Revenue: 301947, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“(Expenses $ 0 including grants of $ 0)(Revenue $ 2,217,996) REVENUE IS RELATED TO PROCEEDS FROM INSURANCE CLAIMS AND INCOME FROM OTHER PROGRAM ACTIVITIES.”

“CHANGE IN MARKET VALUE OF SWAP - -1295705; CAPTIVE MEMBER'S SAVING ALLOCATION - 33725; Total - -1261980;”