Bedford Veterans Quarters Inc

“Caritas communities, inc. Is the sole member of the organization.”

“As the sole member, caritas communities, inc. Has the power to appoint the board of directors.”

“All management decisions and actions taken are documented during meetings of caritas communities, inc (controlling entity).”

“There are no subcommittees with authority to act on behalf of the governing body.”

“The outside cpa firm who performs an audit of the financial statements prepares the form 990 with input provided by the caritas chief financial officer. The complete form 990 is then reviewed by the chief financial officer and is made available to the executive director and board of directors for review.”

“The officers and directors of bedford veterans quarters inc are also the officers and directors of caritas communities inc. The sign off of the potential conflict of interest form is generally made each year by each member of the caritas communities board of directors and senior management and is then reviewed by the chief financial officer.”

“Each year caritas communities inc., the parent organization of bedford veterans quarters inc., prepares a consolidated annual report which includes bedford veterans quarters inc. Approximately 2500 copies of this annual report are mailed to supporters and lenders of caritas communities inc. And subsidiaries. This report includes the names of the members of the board of directors, names of the main office and site personal, a three-year summary of income and expenses from the audited financial statements, highlights from past, present, and future projects, and a listing of the rooming houses and lending organizations. In addition, each year the complete audited financial statements of caritas communities inc. And subsidiaries are examined by a cpa firm and are distributed to approximately 20 lending institutions. Other governance documents and conflict of interest reporting forms are generally considered to be internal documents and are not usually distributed to the general public but may be available upon request.”

“The process has not changed from the prior year.”