Vernon Woods Retirement Community Inc

“Vision: deliver world-class healthcare to every person, every time. Mission: to enhance the health and well-being of every person we serve. Values: we serve with compassion. We pursue excellence. We honor every voice. Form 990, part iii, line 4a program service accomplishments vernon woods retirement community, inc. ("vernon woods") was established for the purpose of providing assisted and independent living apartmentsto senior adults including meals, dietary information and professional evaluations. Vernon woods offers services for both independent and assisted living. Independent living includes offering housing for people who need no assistance with their health or personal needs. Assisted living services are provided by trained staff and address scheduled and unscheduled needs. A total of 84 adults were served during the year, 39 assisted living and 45 independent living.”

“Unrelated business income vernon woods retirement community, inc. Generated no unrelated business income ("ubi") for the reporting year. As a result the filed 990-t shows no activity. If subsequent review of the books reveals any unreported ubi we will file an amended return for the tax period ended june 30, 2024. Form 990, part iv, line 12b audited financial statements wellstar health system, inc., and its controlled affiliates are audited on an annual basis by an outside auditing firm, kpmg, and as part of that audit a consolidated financial statement is issued. The independent auditors report includes the accounts of wellstar and its controlled affiliates including cobb hospital, inc., douglas hospital inc., kennestone hospital, inc., paulding medical center, inc., wellstar atlanta medical center, inc., wellstar north fulton hospital, inc., wellstar spalding regional medical center, inc., wellstar sylvan grove hospital, inc., wellstar west georgia medical center, inc., windy hill hospital, wellstar medical group, llc, wellstar mcg health, au medical associates, inc, au medical center, inc, wellstar mcg health warm springs inc. And various other owned entities as listed in schedule r. All significant intercompany accounts and transactions have been eliminated in combination. Form 990, part vi, section a, line 3 delegation of management duties vernon woods has a management services agreement with grace management, inc. Whereby all management and other services necessary in the ordinary course of business, including accounting and bookkeeping services are provided. Vernon woods pays a monthly management fee in the amount equal to 5% of gross revenues from operations and 1% of gross wages paid to on-site personnel. Form 990, part vi, section a, line 6 the ultimate sole corporate member is wellstar health system, inc. Form 990, part vi, section a, lines 7a & 7b powers of the board as per the articles of incorporation, the sole member of the organization is wellstar health system, inc., a georgia nonprofit corporation. As a sole member, wellstar health system, inc. Holds certain powers of election and approval in connection with the governing body of the organization. These powers are presented in detail in the governing documents which the company makes available to the public upon request. Form 990, part vi, section b, line 11b board review of form 990 internal staff prepares the organization's form 990. Before filing the return with the internal revenue service an external accounting firm, pwc us tax llp, reviews and sign-offs on the completed return of each organization. The organization's cfo or designee subsequently signs the return for either manual or electronic filing by the appropriate due date. Form 990, part vi, section b, line 12c conflict of interest policy our conflict-of-interest policy requires all covered persons to annually review the policy and then complete, sign and return the conflicts of interest survey and attestation to the compliance office. The policy requires an ongoing disclosure obligation in the event a conflict arises during the year. The following is our process to regularly and consistently monitor and enforce the policy: compliance identifies all covered persons who must complete the survey and attestation. Compliance verifies that the survey and attestation is distributed to these persons. Compliance verifies that these persons return a fully completed and signed survey and attestation. Compliance reviews each completed and signed survey and attestation to identify all conflicts listed in the document. All conflicts, potential conflicts and incidences of non-compliance are referred to the chief compliance officer. The cco takes appropriate action to completely resolve all identified conflicts and incidences of non-compliance. Form 990, part vi, section b, lines 15a & 15b compensation of officers wellstar health system, inc. Has engaged sullivan cotter to work with the governing board and compe”

“Other changes in net assets for the reporting period wellstar sylvan grove hospital had a change in net assets of $(214,492) related to transfers to affiliates as part of the allocation of income statement and balance sheet transactions over the year.”