Valdese Nursing Home Inc

“In 2021, the organization terminated the management services contract with atrium health and entered into a management services contract with unc health. The terms of the contract call for the organization to pay unc health an annual management fee based upon the organization's net operating revenues.”

“The chief financial officer, the board and the executive committee will review the prepared form 990 before it is filed with the irs. A draft of form 990 was posted for access by the governing body before it was filed with the irs.”

“Corporate counsel, who reviews all annual conflict of interest disclosures, is present at every board meeting to ensure that any potential conflicts are appropriately handled by members abstaining from votes as appropriate.”

“The organization compensation committee reviewed and approved the compensation package during 2022.”

“By-laws are available upon request through corporate counsel. Articles of incorporation are filed with the north carolina secretary of state and are available on their website. Financial statements are available upon request.”

“Description of hours -- for related organizations, officers listed on part vii work an average of 40 to 50 hours per week. Their time is shared between the filing organization and other related entities listed on schedule r. Also, because the organization is filing a six month short period return ending june 30, 2022, the organization did not have any 1099 or w-2 year end information to use for this return. Consequently, sections a and b do not contain any payment information for employees or service providers, as mandated by the form 990 filing instructions.”

“No changes for approving audited financial statements or selection of independent accountants have occurred from the prior year.”