Unknown Organization

“Parma community general hospital association is the sole member of royalton senior living, inc.”

“PARMA COMMUNITY GENERAL HOSPITAL, AS MEMBER OF ROYALTON SENIOR LIVING, HAS THE POWER TO APPOINT AND REMOVE Directors AND TO MAKE GOVERANCE DECISIONS.”

“The data and information necessary to prepare the form 990 was compiled by generations health care management. Ey, as external tax preparers, used this information to prepare the 990. A complete copy of the final form 990 is provided to all board members prior to filing with the irs.”

“The conflict of interest policy is monitored by the board of directios of parma hospital. Pursuant to the policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationship transaction or other transactions that may pose a potential conflict, is distributed to all covered persons (i.e., board members, officers and executive leadership or key employees). Covered persons are required to complete the questionnaire and disclose real or potential conflicts at the time when such conflicts arise. When someone becomes a covered person and annually thereafter, each covered person is required to sign a statement affirming that he/she: (1) has received a copy of the conflict of interest policy; (2) has read the policy and understands said policy; and (3) agrees to comply with all requirements of the policy, including completing the conflict of interest questionnaire. The completed questionnaires are reviewed by the finance and administration department. The procedures for addressing any conflict of interest includes, but is not limited to, the following: (1) the conflicting interest is fully disclosed to the boaard; (2) the interested person responds to factual questions related to the substance of the transaction or arrangement being considered, after which he/she shall leave the meeting; (3) the person with the conflict of interest is excluded from the discussion and approval of shch transaction; (4) alaternatives to the proposed transaction are investigated, competitive bids or comparable valuations are obtained; (5) any conflicting issues during the course of a board meeting which cannot be resolved is referred to the goverance committee; and (6) the transactions or action must be approved by a majority of disinterested persons.”

“The organization does not compensate its officers and has no key employees.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Generations health care management, an independent contractor, manages the operations of the organization.”