Integrace Inc

“The executive committee has the authority to transact such business as shall be necessary for the administration and operation of the corporation between board of directors' meetings subject to certain limits specified in the bylaws.”

“Acts management services, inc., an affiliated entity, provides management services to acts communities of maryland, inc. Formerly known as integrace, inc.”

“Acts communities of maryland, inc. Formerly known as integrace, inc. Is a maryland tax-exempt organization of which acts retirement-life communities, inc., a related pennsylvania tax-exempt organization (through its wholly owned subsidiary acts acquisition and development company, llc), is the sole member.”

“Acts retirement-life communities, inc., a related pennsylvania tax-exempt organization (through its wholly owned subsidiary acts acquisition and development company, llc), is the sole member of acts communities of maryland, inc. Formerly known as integrace, inc. As sole member, acts retirement-life communities, inc. Has the right to elect the members of the filing organization's board.”

“Acts retirement-life communities, inc., a related pennsylvania tax-exempt organization (through its wholly owned subsidiary acts acquisition and development company, llc), is the sole member of acts communities of maryland, inc. Formerly known as integrace, inc. As sole member, acts retirement-life communities, inc. Has the right to approve all amendments or alterations to the organization's articles of incorporation and bylaws before changes become effective.”

“After review by the acts' cfo, the form 990 is reviewed, before filing, by the board of directors' audit and finance committee. The form 990 is then provided to the other members of acts communities of maryland, inc. Formerly known as integrace, inc. Governing body before filing.”

“A conflict of interest questionnaire is completed on an annual basis by the organization's officers, directors and trustees. The officers and directors report on any family or business relationships with any board member, officer or key employee of the organization and its affiliates. If any family or business relationships are disclosed, they are reported on schedule l as appropriate. In addition, the responses are reviewed by the president & ceo, and chairman of the board of directors to determine if conflicts are present and if so, the extent of the conflict. For conflicts that arise, the officer, director or trustee must recuse themselves from participating in deliberations and decisions that involve the determined conflict.”

“It has been the practice of the management company, acts management services, inc., to utilize an independent compensation consultant on an approximately biennial basis for the purpose of reviewing the compensation program for the organization's top management positions, ranging from the community managers up to the ceo. The study, the latest version of which was completed in 2023, includes comparison of not-for-profit and for-profit competitors, operating effectiveness, and identification of industry specific trends or practices in compensation or recruitment/employment. Measurement and action are generally focused at the levels from the median up to the seventy-fifth percentile as identified in the study. Compensation adjustments for the president & ceo are determined by a committee of independent board members appointed by the chairman and are based on the findings of the most recent study and a review of performance compared against objective criteria. This determination is reported to and approved by the board of directors and is documented in writing by the board chair. Similarly, compensation adjustments for the most senior members of management reflect study findings and performance measurement against specified criteria and are determined by the ceo and reviewed with the board chair.”

“The organization's governing documents and conflict of interest policies are filed with numerous regulatory authorities and therefore, are available to the public. In addition, upon receipt of a request and its review, the organization will make available such documents, as deemed appropriate. Audited financial statements are made available to the public. Certain financial statements, such as annual reports and quarterly reports, are posted to the organization's website and are also available at each of the organization's communities. In addition, financial information is included in the disclosure packages that are provided to prospective residents and made available to the public. Certain other financial statements are also provided upon request.”

“Other compensation includes accruals for a deferred supplemental executive retirement plan for karen i. Christiansen (non-vested), gerald t. Grant (non-vested), glenn d. Fox (non-vested), and jonathan d. Grant (non-vested).”

“Change in split interest agreement -17,710.”

“The process for the organization's audit and finance committee oversight of the annual audit of its financial statements and those of its affiliates has not changed from the prior year.”