Whitemarsh Continuing Care Retirement Community

“The executive committee is comprised of the board chairman, vice chairman, treasurer, secretary as well as the audit committee chair and emeritus chair. The committee has the authority of the board in the management of the business and affairs of the organization between meetings of the full board. Any action taken by the committee shall be subject to alteration or revocation by the full board of trustees.”

“The form 990 is prepared by an independent accounting firm, then reviewed by the board audit committee, and then distributed to the whole board for their review prior to filing with the internal revenue service.”

“Conflict of interest statements are completed annually by each board member and submitted to the governance committee of the board for their review. Based on their review, the governance committee determines whether a potential or actual conflict of interest exists and submits the matter to the full board for their consideration. The full board then decides what action should be taken in response to the conflict which may include the resignation from the board of the member with a conflict.”

“The compensation of the ceo is determined by the executive committee of the board based on a review of the ceo's performance relative to the organization's goals, a review of the compensation of ceo's from comparable nonprofit organizations from their form 990 and a review of relevant compensation survey information provided by an outside independent compensation consultant to the executive committee and with the advice of counsel, as needed. The compensation of other officers and key employees is determined by the ceo based on a review of the employee's performance relative to the organization's goals, a review of compensation at comparable nonprofit organizations from their form 990, a review of relevant salary surveys, with the advice of the executive committee and an outside independent compensation consultant. Compensation reviews for the ceo, other officers and key employee last occurred in 2021. The deliberation and final decisions are timely documented as part of the committee records and employee file.”

“The organization's financial statements are posted to a financial disclosure web site, included with the publicly available disclosure statement of the community and distributed upon request to all residents of the community. The conflict of interest policy and governing documents are not made available to the general public upon request.”

“The whitemarsh continuing care retirement community formed hill home services, llc, a member managed limited liability company whose sole member is whitemarsh continuing care retirement community. Hill home services, llc provides non-skilled, private duty aide services to individuals in their homes. Hill home services, llc commenced operations in 2020.”