Unknown Organization

“The organization entered into a plan and agreement of merger with its brother/sister 501(c)(3) organization, residential alternatives of illinois, inc., effective march 31, 2014. The agreement merged residential alternatives of iowa and residential alternatives of illinois, inc. Into a single corporation, with residential alternatives of illinois, inc. Being the surviving corporation of the merger. Residential alternatives of iowa and residential alternatives of illinois, inc. Have always shared a common board of directors. See schedule n and the attached agreement of merger document for additional details.”

“During the tax year, the organization had five independent voting members of the governing body who are listed on form 990, part vii, section a. As of march 31, 2014, residential alternatives of iowa was dissolved upon merger into its brother/sister 501(c)(3) organziation, residential alternatives of illinois, inc. Residential alternatives of illinois, inc. And residential alternatives of iowa shared a common board of directors all of whom remained on the residential alternatives of illinois, inc. Board of directors after the merger.”

“The organization receives support services from ltc support services, llc, an unrelated company. These services include oversight, training, regulatory compliance, quality assurance programs, human resource support, marketing and maintenance. Residential alternatives of illinois, inc., is a 12.5% owner of ltc support services, llc. Residential alternatives of illinois, inc., is related to residential alternatives of iowa, inc., through a common board of directors (see schedule r). The remaining 87.5% of ltc support services, llc., is owned by unrelated exempt organizations. The organization also has a negotiated arms length administrative services contract with rfms, inc., an unrelated company, to obtain services such as cash management, accounting and financial reporting, payroll and employee benefits, information technology, regulatory matters, and other general business and financial management services as required.”

“Each member of the board of directors receives a paper copy of form 990 for their review and comment prior to its filing. The board also reviews in detail each form 990 filed by the organization at its regularly scheduled board meetings. On an annual basis, each board member attends a training session that provides updates on current exempt organization tax compliance matters.”

“All officers, directors and key employees are required to attest to their compliance with the conflict of interest policy on an annual basis. The board of directors reviews all completed conflict of interest statements to determine if any conflicts exist which would require restriction on participation in the governing body's deliberations and decisions in any transaction involving the organization.”

“A paper copy of form 990 is provided upon request. The organization's form 990 is also available via the guidestar.org website.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public except through public filing requirements.”

“Approximately one half of the average hours per week estimated for each director and officer is devoted to related organizations listed on schedule r.”

“The organization is filing for a short year and no calendar year ended within its tax year.”

“The balance sheet for residential alternatives of iowa as of the end of the year is zero, since the organization was dissolved upon merger of all net assets into residential alternatives of illinois, inc. Effective march 31, 2014. Residential alternatives of illinois, inc. Was a 501(c)(3) brother/sister organization to residential alternatives of iowa and is the surviving corporation after the merger.”

“Assets merged into residential alternatives of il, inc. (ein: 37-1223846) -1,029,973. Merger adjustment related to accumulated depreciation -57,120.”

“The process for oversight of the audit and selection of independent accountant has not changed from the prior year.”

“The financial statements of residential alternatives of iowa, were audited as part of the consolidated financial report issued for frances house, inc., and subsidiaries.”