Community Health Services - St Dominic

“St dominic health services, inc was the sole member of community health services. On 3/31/24, st. Dominic health services inc. Merged insto st. Dominic jackson memorial hospital (sdjmh). Sdjmh is now the sole member of the community health services.”

“The board of directors of community health services' (chs) sole member, st dominic jackson memorial hospital, inc, has the authority to approve the election of the chair of the board, the vice-chair of the board and all other directors and officers of chs.”

“The reserved power to the member, st. Dominic jackson memorial hospital, inc., are as follows: i. To change philosophy, objectives and purposes of corporation. Ii. To appoint or remove the members of the board of trustees and officers of the corporation. Iii. To amend, alter, modify or repeal the articles of incorporation and bylaws of the corporation. Iv. To authorize merger, consolidation, or affiliation, or participate in joint ventures. V. To dissolve and to distribute assets of the corporation. Vi. To appoint and/or terminate with or without cause the chief executive officer of the corporation. Vii. To acquire, purchase, sell, lease, transfer, or encumber any immovable property on behalf of the corporation. Viii. To add to or incur long-term debt in excess of $5 million by the corporation. Ix. To appoint the fiscal auditor for the corporation. X. To approve any increment or addition to the capital debt or efforts to renegotiate, modify or charge the existing capital debt obligations of the corporation. Xi. To approve the annual operating and capital budgets of the corporation. Xii. To approve a strategic business plan of the corporation.”

“After preparation and review of form 990 by kpmg llp, the taxpayer's tax advisors, one or more members of senior management reviews the return. A copy of the form 990 is provided to the organization's governing body before it is filed with the irs.”

“Directors and officers receive a copy of the policy and form for reporting each year at the first meeting of the year. Forms are reviewed by the president and any conflicts shared with the board chair. Persons with conflicts of interests abstain from any decisions where the conflict exists.”

“Community health services - st. Dominic, inc. Does not compensate any officers or key employees. All compensation is paid by a related party, franciscan missionaries of our lady health system, inc.”

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

“Capital transfers 573,290.”

“Community health services - st. Dominic, inc. Is making the election under treas. Reg. Section 1.263(a)-3(n) to capitalize the repair and maintenance costs that it treats as capital improvements on its books and records for the tax year ended june 30, 2024.”

“Community health services - st. Dominic, inc. Hereby makes the de minimis safe harbor election under section 1.263(a)-1(f) of the treasury regulations, effective only for the tax year ending june 30, 2024. Taxpayer has an applicable financial statement for the year of the election. This election permits the taxpayer to deduct for tax purposes any item deducted under its book policy that does not exceed $5,000 per invoice (or per item, as substantiated by the invoice) or items having an economic useful life of twelve months or less as described in section 1.263(a)-1(f)(1)(i).”