The Homestead at Coon Rapids Inc

“Michael king, joseph budzynski, kimberly king, jacci nickell, nancy gavin, paul soczynski, peter desjardins, david paskoff, david nisivoccia, and faith nutz have business relationships with each other, because they serve as directors, officers, and/or key employees of volunteers of america, inc., volunteers of america national services, and/or their related organizations.”

“Volunteers of america national services is the sole member of the organization.”

“Volunteers of america national services can elect or appoint directors.”

“Volunteers of america national services approves amendments to the articles and bylaws.”

“The tax return is provided to the board of directors for review. The board has 5 days to review and give comments on the return. After the comment period, any changes will be made to the return. The board of directors is then provided a complete copy of the final return upon filing.”

“The policy requires officers, directors and key employees to disclose annually interests that could give rise to conflicts. The policy and disclosure form are distributed and collected annually, and individuals are required to update the disclosure form throughout the year in the event potential conflicts arise. Potential conflicts of interest are reviewed by the board of directors and may require said officer, director and key employee to recuse from participation to avoid a conflict of interest.”

“The organization's president and ceo is not compensated by the organization but is compensated by a related organization, volunteers of america, inc. Volunteers of america's process for determining compensation of the organization's president and ceo, officers, and key employees includes review and approval by a compensation committee formed of independent members appointed by the board of directors. The compensation committee conducts a market compensation analysis review every year and reports their conclusions to the board of directors.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Established in 1896, volunteers of america is a national, nonprofit, faith-based organization providing services such as housing and healthcare to more than 2 million people in over 400 communities each year. In support of that mission, the homestead at coon rapids, inc was organized and is operated to engage in, advance, support, promote, and administer health and health-related services and supportive services to seniors and disabled individuals.”

“The organization sold entire fixed assets and operations on january 11, 2024.”

“Consulting: program service expenses 8,132. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,132. Management: program service expenses 0. Management and general expenses 61,432. Fundraising expenses 0. Total expenses 61,432. Payroll processing: program service expenses 2,844. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,844. Purchased services from voa affiliates: program service expenses 83,662. Management and general expenses 0. Fundraising expenses 0. Total expenses 83,662.”