Residence at Franklin Park Inc

“The sole member of residences at franklin park is baptist home association of the rocky mountains.”

“The sole member appoints all members of the board of trustees. The president of the sole member is also a voting trustee of the organization.”

“The powers, duties, and rights reserved to the member shall be, but are not limited to, the following: a) the adoption or amendment of mission, philosophy and purpose statements of this corporation and its subsidiary corporations. B)amendment, revision or restatement of the articles of incorporation or bylaws of this corporation and any subsidiary corporations. C)merger or consolidation of this corporation or any of its subsidiaries, into or with any other corporation or association, and the dissolution or otherwise wrapping up of the affairs of this corporation and/or its subsidiary corporations. D) sale, lease, exchagne, pledge, encumbrance or other dispositions of all, or substantially all, of this corporation's assets or the assets of any of its subsidiary corporations. E)the establishment or incorporation of any new affiliated entities, organizations, or associations of this corporation or any of its subsidiaries. F)the incurring of long-term debt by this corporation or any of its subsidiaries in amounts in excess of those established by the corporate member. G) the appointment or removal, with or without cause, of members of the board of trustees of this corporation. H)the appointment, evaluation and termination of the president of this corporation.”

“There are no committees with the authority to act on behalf of the governing body.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by the management. Once a draft of the filing becomes available, the finance committee of american baptist homes of the midwest reviewed the form 990 at their quartely meeting prior to filing. They received copies of the draft and the detail was reviewed at that time. Copies of the 990 were then provided to the board members of the residences at franklin park.”

“A conflict of interest form is signed by all board trustees, administrators, home office directors and vice presidents. At that time, any potential conflict of interest is noted on the form. The information is given to the ceo, board president and audit committee chair. At that time, any potential conflicts are reviewed. If a conflict exists, the conflicted individual either has to correct the conflict of interest or must abstain from participation regarding the conflict of interest topic.”

“The board of directors has a management review committee that reviews the ceo's compensation. The committee determines any compensation adjustments to the ceo. The ceo, executive directors and other top management positions are compared to the most recent cemo study to determine how their compensation compares to peer organizations. This process last included review and approval by independent persons, comparability data and contemporaneous substantiation in 2024. The ceo determines any compensation adjustments to the senior management. This process last included review and approval by independent persons, comparability data and contemporaneous substantiation in 2024.”

“The organization's governing documents and conflict of interest policy are not made available to the public. The organizations financial statements are made available to the public upon request.”

“Equity transfer 1,297,086.”

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