Pace Central Michigan

“Michigan masonic home and presbyterian villages of michigan are the corporate members of pace central michigan with mmh holding 60 interest and pvm 40 interest.”

“Each member appoints 50 of the appointed trustees.”

“The following powers and authority are reserved exclusively to the members a amendment of the corporations articles of incorportation or bylaws b amendment to the pruposes of the corporation c appointment and removal of members of the corporations board of trustees d merger, consolidation, reorganization, dissolution or liquidation of the corporation e additional captial contributions by the members f all capital and operating budges of the corporation g any borrowing by the corporation in excess of an amount determined from time to time by the members”

“Form 990 is reviewed by the board and executive director prior to the final submission to the irs.”

“Officers, board members, and key employees are required annually to sign the conflict of interest statement/policy, which is kept on file with administration.”

“The organization utilizes the skills and background of mmhs human resources department, in conjuction with trade surveys, to determine medican pay ranges for all positions, including the executive director and hces. The board of trustees approves the employment contract with the executive director.”

“Other changes in net assets are member equity contributions of 1,499,400 from mmh and 999,600 from pvm.”

“Pace central michigan came into existence as of january 1, 2018. The tax reporting for year 1 is a long year from january 1, 2018 thru march 31, 2019, which also corresponds with the initial audited financial statements. Pace was approved to admit participants as of november 1, 2018.”

“Other fees include the following 73,228 for ot/pt/st therapy, 51,000 for acturial svs for part d bid, 110,333 medical svs, 35,350 medical director svs, 160,469 pace consultant, 13,140 claims processing svs, and 25,679 housekeeping/lawn maint/snow removal svs.”