Aberdeen Ridge Inc.

“All of the officers and directors have a business relationship due to their positions in presbyterian manors of mid-america, inc., a related 501(c)(3) organization.”

“Greystone development company is performing marketing and development activities associated with the pre-construction and construction phase of the facility.”

“Presbyterian manors of mid-america, inc., a not-for-profit, 501(c)(3) organization is the sole member of aberdeen ridge, inc.”

“Presbyterian manors of mid-america, inc., being the sole member of aberdeen ridge, inc. Has the right to elect all of the board of trustees.”

“An independent accounting firm prepares and reviews the form 990. The 990 is then reviewed by the cfo and the organization's chair of the finance committee. Any questions or concerns the cfo and the organization's chair of the finance committee have are addressed and any corrections or clarifications are made. The final form 990 with all required schedules is then provided to all voting members of the board prior to filing the 990 with the irs.”

“Annually, presbyterian manors of mid-america, inc.'s attorney presents and explains the conflict of interest policy to the board, the officers, and the key employees. The trustees, officers, and key employees are required to disclose any conflicts and sign the policy. If a possible conflict of interest arises, it is reviewed by the attorney and the organization's ceo who determine whether a conflict exists. If it is determined that a conflict exists, the conflicted individual is prohibited from voting or being involved in discussions regarding the conflict.”

“Presbyterian manors of mid-america, inc.'s attorney and/or the cfo/svp-hr provides the board of trustees with comparability data to determine the ceo's compensation. Deliberation of the ceo's compensation is held in the governance committee and executive board session. The board's decision is provided to the cfo/svp-hr by the board chairman. The ceo uses comparability data to determine compensation for the other officers, key employees, and executive directors.”

“Aberdeen ridge, inc. Makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Housing needs are met by providing facilities that are specifically designed to meet a combination of physical, emotional, recreational and social needs of elderly persons. Health care needs are satisfied by offering senior independent living and assisted living / memory care on a single campus. Financial security is achieved by providing services at the lowest feasible cost. Included is the policy of maintaining in residence any person who outlives his or her ability to pay for the cost of residency through no fault of their own.”

“Transfer from presbyterian manors of mid-america, inc. 1,000,000”

“Description:marketing contract labor total fees:147707”