Catholic Continuing Care Retirement Communities Inc

“Director business relationships: all but 3 of the directors are employed by the archdiocese of atlanta. The other board members (directors) all work for archdiocese of atlanta.”

“Cccrc entered into a management services agreement with wesley woods management corporation, inc. Which is responsible for providing day-to-day management of the community. Effective may 1, 2014, the agreement was automatically extended for another three years with another two automatic renewals of another three years each remaining.”

“Archbishop of the roman catholic archdiocese of atlanta is the sole member of cccrc. See line 7a explanation.”

“Prior to april 1, 2019, catholic continuing care retirement communities, inc. (cccrc) was under control of the archdiocese of atlanta which operated as an unincorporated association. Effective april 1, 2019, the archbishop of the roman catholic archdiocese of atlanta became the sole member of cccrc and exercises control over cccrc by appointing or approving the board of directors.”

“Organization's process to review form 990 form 990 is prepared by our external auditors. A draft copy is submitted to the operations committee for review and approval. Upon approval by the operations committee, form 990 is finalized and filed with the internal revenue service with a copy to the state of georgia.”

“Enforcement of conflicts policy a conflict of interest questionnaire is required to be completed annually by board members and key employees. In addition, all board members and key employees are sworn to bring to the attention of management any conflict of interest that should arise during the year. All conflict of interest issues are reviewed and approved or disapproved by the operations committee or the board of directors, if necessary.”

“Compensation process for top official, officers and key employees: compensation studies provided by the search firm and similar studies conducted by the management company (wesley woods management corp.) were used in determining the salary established by the members of the operations committee and management company executive staff. Same policies for key employees.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

“Catholic continuing care retirement communities, inc. (cccrc) d/b/a st. George village, is a not-for-profit corporation with a long standing tradition of humanitarian service to atlanta and its residents. As a life plan community, our vision is to enhance the well-being of each resident. Our mission is to partner with people to be active, to be engaged, and to be at home at st. George village. We are guided by christian principles and welcome people of all faith or no faith, to join as they choose, all aspects of community life. We work to the fullest every day to earn and keep the respect, trust and friendship of those who call st. George village home.”

“Line 2a - number of employees all personnel working at the community are employees of a professional employer organization (peo) and are not actually cccrc employees with the exception of the executive director which is an employee of the management company.”

“Loss on interest rate swap -262,320.”

“The process has not changed from prior years.”