Senior Care Communities Inc

“Senior care communities delegated responsibility for the management of their facilities to twsl, llc and the waters senior living.”

“Form 990 was prepared by independent accounts for internal review. Once complete, the form was sent out electronically to the full board to review and approve the form before filing.”

“Sr. Care communities approved the following conflict of interest policy on 5/7/2009. The following persons are "key persons" for the purposes of the conflict of interest policy: a member of the board of directors, a member of a committee with powers delegated by the board of directors, an officer of the corporation, a family member defined as a spouse, parent, child, sibling or spouse of a sibling. Procedures for addressing the conflict of interest. Once a potential conflict of interest has been disclosed: the key person may make a presentation at the board or committee meeting at which the transaction will be discussed, but after such presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. The board or committee shall, if appropriate, obtain and rely on appropriate data as to comparability prior to making its decision whether or not to participate in the proposed transaction or arrangement. The chair of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. The board or committee shall use due diligence to determine whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. After consideration, the board or committee may determine that a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest. If so, the board or committee may decide, by a majority vote, to enter into a transaction involving a conflict of interest.”

“The officers receive minimal compensation for their services to senior care communities, inc. Determination of their compensation is based on the amount of time dedicated to the organization in the prior year and includes review and approval by independent persons, comparability data and contemporaneous substantiation. This process was last undertaken for all officers in 2020.”

“The 990 is available upon request or at www.guidestar.org while other documents are only available upon request.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available on request.”

“Medical and patient services: program service expenses 10,539,000. Management and general expenses 312,398. Fundraising expenses 0. Total expenses 10,851,398. Registry: program service expenses 1,625,898. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,625,898.”

“Gain on equity method investments 33,215.”

“Neither the oversight process nor the selection process of the independent accountant changed during the tax year.”