Baptist Community Affordable Housing Foundation

“Baptist community services (bcs) appoints the board of trustees of this company and decisions made by the board of trustees of this company are approved by the bcs board of trustees.”

“Baptist community services (bcs) appoints the board of trustees of this company and decisions made by the board of trustees of this company are approved by the bcs board of trustees.”

“The form 990 for this company was prepared by an outside cpa firm, and reviewed by the board of trustees.”

“The policy is reviewed annually at the annual board meeting of the bcs board of trustees, annually by the bcahf board of directors, and at each new board member orientation. Bcs board members sign statements that they have received a copy of the policy and have read and understand the policy. This is normally at or shortly after the annual board meeting.”

“The compensation committee of the board of trustees of baptist community services is made up entirely of independent, volunteer board members. The committee has been granted full authority to oversee and determine executive compensation for employees that qualify as "disqualified persons- or "key employees" pursuant to applicable law and regulation. This committee retains an outside, independent consultant which specializes in exempt organization matters, including executive compensation. The compensation consultant prepares a report with respect to each "disqualified person/key employee" which provides comparability data of compensation ranges and benefits for each position. The data focuses on similarly situated organizations by various data contexts. This report is prepared under the direction of the chairman of the compensation committee and is presented to the committee for its review and use with respect to establishing and approving compensation packages for each position involved. These determinations by the committee are made at a meeting of the committee and appropriate written minutes of the deliberations and actions taken by the committee are contemporaneously prepared at the direction of the committee. This process is utilized each time by the committee when executive compensation matters are involved.”

“The organization's governing documents and conflict of interest policy are available to the public upon request. The organization's financial statements are available to the public through the form 990.”

“Schedule d, page 4, part xi, xii and xiii baptist community affordable housing foundation was included in a consolidated independent audit of baptist community services and affiliates.”

“Baptist community affordable housing foundation (bcahf) was formed by baptist community services (bcs) in 1998, to develop and provide, directly and indirectly, affordable housing facilities for lower income populations, and also long-term care services for senior adults. Bcahf has been directly involved in the development of a 156 unit affordable housing project for seniors in amarillo, texas. This project involved the construction of a 114 unit apartment building and the rehabilitation of a 75 year old historical building into a 42 unit apartment building. Low income housing tax credits allocated by the state of texas were utilized to help finance this project. Bcahf also has completed development of 184 unit affordable housing project for lower income families in amarillo, texas. This project provides much needed housing for those working at the regional medical center in amarillo, texas. Low income housing tax credits were also utilized, along with tax exempt bonds to finance this project. In 2006, bcahf completed construction of the arbors, a 120 bed licensed nursing care facility that participates in medicaid and medicare long-term skilled nursing programs. Care provided to qualifying residents under medicaid is reimbursed at rates less than bcahf's established rates. In 2019, the medicaid and medicare reimbursement was less than bcahf's established rates by 2,405,462.”

“Form 990, part v, lines 1 and 2 all employees that work at facilities owned by baptist community affordable housing foundation (bcahf) are employees of baptist community services, the parent corporation of bcahf, and are reported under the baptist community services tax id number. The employees are leased to bcahf at actual costs.”