Villa Caridad

“St vincent's institution performs property management functions for villa caridad including, marketing, leasing, rent collection, lease enforcement, maintenance and repairs, utilities and services, personnel, banking, accounting, budgets, records and reports, insurance. The property management contract is for one year, and may be renewed annually.”

“Villa caridad is a nonstock, nonprofit corporation with st. Vincent's institution santa barbara as the corporate tax-exempt member.”

“The corporate member has authority over villa caridad in various aspects of operations and management. The reserved rights held by the corporate member include, but are not limited to, approval of revisions to articles of incorporation and bylaws, mergers and acquisitions, establishment of new entities, pledging, mortgaging or disposing of all or substantially all assets, obligations of operating and mortgage debt, appointment or removal of governing board members and officers, and approval of capital and operating budgets.”

“SAME AS 7A.”

“Each board member receives a draft copy of the form 990 and state returns for review upon completion of the forms by the independent cpa. Any questions are promptly answered and needed changes (if any) are made to the 990, before printing the final returns. The final 990 and state returns are presented to, and approved by the board of directors prior to filing them with the appropriate agencies, before the appliable due dates.”

“Villa caridad's conflict policy is reviewed by board members upon appointment to the board of directors, and annually thereafter, and a statement acknowledging agreement to and compliance with the policy are signed by each board member and retained in the organization's files. The signed forms also detail any potential conflicts of interest noted by board members. Potential conflicts are reviewed and discussed, and the affected board member abstains from voting on an issue in which he or she has, or may have a conflict of interest.”

“Sister margaret keaveney dc serves as president of villa caridad and as president and chief executive officer of st vincent's institution santa barbara (svi). Svi and the daughters of charity have entered into a contract whereby sister margaret is assigned to svi to perform services and provide executive leadership. Sister margaret is not an employee of svi or villa caridad.”

“Board officers and directors are volunteers that do not receive any compensation for their services on the board of directors. Board members are appointed to the board by the villa caridad corporate member.”

“Villa caridad's governing documents, policies, and financial statements are available to the public upon written request to management. The annual form 990 is available upon request or at guidestar.org.”