Ingleside Homes Inc.

“Prior to the filing of the form 990 ingleside homes, inc. Distributes the form 990 and all supporting schedules to the board of trustees members via email. Ingleside homes, inc. Requests all trustees to respond confirming that they have received the 990, and requires that they review the form within a specified period of time. If comments are not received within the specified period of time, approval is implied.”

“Ingleside homes, inc requires that all officers, directors, trustees, and key employees annually sign a representation that all interests that could give rise to conflicts have been disclosed.”

“The executive committee, a sub-committee of the board of trustees, annually evaluates the president (ceo) and the development director. The evaluation of the development director by the executive committee was identified as being necessary to avoid a conflict of interest due to a family relationship between the president (ceo) and the development director since the president (ceo) is normally responsible for evaluating other employees within the organization. The executive committee completes written evaluations for the president (ceo) and the development director with input from the hr director. The hr director also provides information on comparative salaries for these positions in similar sized organizations with emphasis on senior housing operations. In addition, the chairman of the board of trustees personally reviews a database of irs form 990s to perform compensation comparisons for these positions with other similar organizations within the region. Annual compensation for both are determined based on the results of the performance evaluation and compensation comparison studies, as well as on the internal merit increase pool for all other ingleside staff.”

“Inglside homes will be posting a notice on the organization's website informing visitors that these documents are available upon request.”

“Change in value of split-interest agreements 16,874.”

“The organization's executive committee assumes responsibility for oversight of the audit.”

“During the year ended december 31, 2014, the organization determined that its consolidated financial statements did not include a liability associated with its extended sick pay policy and, therefore, adjusted its consolidated financial statements for the retroactive effect of the restatement. The employee right to be paid under this policy is consistent with an accruable liability under accounting principles generally accepted in the united states of america in that 1) it relates to services already performed, 2) it vests or accumulates, 3) it is probable that it will be paid, and 4) the amount is reasonably estimable. The organization's extended sick leave policy provides for the accumulation of up to 520 hours of extended sick leave. An employee is eligible to receive a pay-out of a portion of their extended sick leave balance if the employee meets the following criteria (1) proper notice is given, (2) five full years of service has been completed, and (3) the employee has 160 hours in their extended leave bank. Employees receive a portion of their extended sick leave balances based on their length of service. The following is an analysis of the restatement: december 31, 2013 accrued wages and other liabilities: previously reported: $219,447 increase / (decrease) : $149,848 restated: $369,295 change in net assets: previously reported: $188,489 increase / (decrease) : $(6,358) restated: $182,131 unrestricted net assets: previously reported: $3,799,503 increase / (decrease) : $(149,848) restated : $3,649,655 net assets: previously reported: $5,582,588 increase / (decrease): $(149,848) restated: $5,432,740 december 31, 2012 net assets: previously reported: $5,394,099 increase / (decrease): $(143,490) restated: $5,250,609”