Lutheran Retirement Ministries of Alamance County North Carolina

“Any amendment to the bylaws must be approved by the macedonia lutheran church governing council. The macedonia lutheran church governing council must also approve the slate of new members of the board of directors.”

“Form 990 was reviewed in detail with the audit committee of our board of directors prior to filing. After a discussion period and a question and answer period, the audit committee voted to recommend to the full board of directors that the form 990 be accepted and filed. A copy of the entire form 990 was provided to each member of the entire board of directors who then voted to accept the recommendation of the audit committee. Form 990 was filed after a copy was provided to each board member and the board had approved the recommendation of the audit committee.”

“Lutheran retirement ministries of alamance county, north carolina has a conflict of interest policy which is reviewed, accepted and signed by each officer and voting board member on an annual basis. Pursuant to this policy, each officer and board member will disclose and then excuse themselves from any discussion and vote for any matter for which a conflict exists for themselves or any family member. Actual conflicts are reviewed by the board without the presence of the interested party. Our conflict of interest policy is reviewed with the board of directors and management on an annual basis. Board members and management complete a listing of possible conflicts during the annual review and are instructed to report any new conflicts that arise during the year.”

“Lutheran retirement ministries of alamance county, north carolina follows the process described in treasury regulation 4958(6)(c) for establishing the rebuttable presumption of reasonableness in the review, approval, and documentation of officer, key management, and director compensation. On an annual basis the entire governing board reviews and approves the entire compensation package of the president/chief executive officer based on comparability factors including but not limited to the size of the organization, the geographic location of the organization, and the employee's length of service. The executive committee of the board conducts an annual performance review of the president/chief executive officer, reviews the comparability data, and makes a recommendation to the full board of directors who then approve the entire compensation package.”

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request at the organization's administrative offices. The organization's audited financial statements are also available at the nc department of insurance website and the organization's form 990 is available on the guidestar website.”

“Change in market value of rate swap agreement related to tax-exempt bonds -2,826,954.”

“Lutheran retirement ministries of alamance county through its continuing care retirement community, twin lakes community (lrm/tlc) provides comprehensive services to the elderly. Programs and services provided include (1) a skilled nursing facility; (2) a residential model assisted living facility; (3) a memory care facility; (4) independent living units; (5) home care agency; (6) rehabilitative/therapy services; (7) an adult day care center; (8) a parkinson's support group; (9) care giver support and education classes; (10) programs/activities within the spectrum of wellness and healthy aging; (11) community outreach programs; (12) student internships and educational practicums; (13) grief support services; and (14) religious/spiritual services. Lrm/tlc serves a diverse population of approximately 1,000 individuals a year. Lrm/tlc is an accredited facility through the commission for accreditation of rehabilitative facilities (carf-ccrc). During the year, its skilled nursing facility obtained a "4 star" rating through the cms survey system. Lrm/tlc accepts medicaid patients and provides financial assistance for persons who would not otherwise qualify for governmental assistance programs. Its community outreach programs supported over 50 governmental, educational, religious, and non-profit charitable organizations during the year. Lrm/tlc provides without charge the only parkinson's support group in alamance county and consistently serves 60 individuals and families.”

“To pay or reimburse the corporation for paying a portion of the costs of the project and pay certain expenses incurred in connection with the issuance of the 2019a bonds.”

“To refund a portion of the commission's outstanding health care facilities revenue and revenue refunding bonds series 2009 and paying a portion of the costs of the project.”

“To pay or reimburse the corporation for paying a portion of the costs of the project and pay certain expenses incurred in connection with the issuance of the 2022a bonds.”

“Return is being amended to include form 5471, information return of us persons with respect to certain foreign corporations, which was received after original filing of form 990. Amended return also includes form 8938, statement of specified foreign financial assets.”