The United Methodist Retirement Homes Inc

“The company pays management fees to life care services llc ("lcs") pursuant to a management agreement. Under this agreement, lcs is to: (i) provide a qualified corporate executive director, who is an employee of lcs; and (ii) perform general, financial, personnel, facility and other management services necessary for operation of umrh's corporate office and the operation and marketing of the communities. The corporate executive director's reportable compensation for 2024 was $423,449. Other 2024 compensation included $10,975 deferred compensation and $36,073 nontaxable benefits.”

“The organization's chief financial officer and corporate executive director review the 990 return. A copy of the 990 is provided to the executive committee.”

“The umrh, inc. Board completes the conflict of interest policy form each september noting any continued conflicts of interest. New board members are oriented to the policy and sign the form upon becoming members. Each board member is required to disclose any conflicts to the chairman prior to a vote being taken. The member must abstain from voting. The conflict of interest policy is also reviewed for the employees at orientation and at annual review.”

“The organization routinely consults the services of an outside agency to evaluate the organization's wage scales and pay grades. The resulting wage scale and the employee's performance and accomplishments are considered in the annual review process. In some instances, a software program may be used to simplify the communication of the review and its results.”

“Financial statements and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“Jonathan erickson, corporate executive director, is compensated by life care services llc ("lcs") pursuant to its management agreement with umrh, inc. Lcs is an unrelated organization.”

“Hours to related organization: jonathan erickson, stacy dobson - 1 hour per week to united methodist retirement homes foundation, inc. As a member of the board of trustees. The following members of the board of trustees are also members of the board of directors for united methodist retirement homes foundation, inc. And provide 0.5 hour of service per week: w. Lee harriss, nancy van antwerp, paul lee, gray southern, james martin, mack parker, ruth little, and charles mercer.”

“The organization, in a full transparency posture to reporting, is reporting all benefits in full in column f, part vii and not applying the $10,000 per item exception for certain benefits.”

“Change in split interest agreement 283,915. Change in value of interest rate swap agreement 359,179. Change in net assets of disregarded entity -232.”

“The organization's oversight of the audit of its financial statements and the selection of an independent accountant has not changed since the prior year.”