Porter Place Inc

“Porter place, inc. Has contracted with centura health corporation to provide management services. Such services include the management of day-to-day operations including personnel matters, provision of accounting services and negotiation of contracts with vendors and service providers.”

“There is a single class of members consisting of the executive secretary of mid-america union conference of seventh-day adventists; secretary/treasurer of rocky mountain conference of seventh-day adventists; vice president for finance of union college, lincoln, nebraska; and president of portercare adventist health system, a colorado non-profit corporation.”

“The members have the power to elect all members of the board including all successor trustees.”

“Once the return is prepared, the return is reviewed by the chief financial officer. Subsequent to the return being reviewed by the chief financial officer, the tax department files the return with the appropriate federal and state agencies, making any non-substantive changes necessary to effect e-filing. Any such changes are not re-submitted to the board.”

“The organization annually distributes conflict of interest statements to all interested persons who are required to complete and return the statements. A report is compiled identifying all reported potential conflicts and the report is shared with the board for information, discussion, and possible action relative to specific conflicting situations. When any matter comes before a meeting of the organization's board of trustees, a board committee, management or materials management/supply chain that potentially gives rise to a conflict of interest, procedures are utilized to resolve the potential conflict.”

“Porter place, inc. Has a whistleblower policy in place. However, it was not formally adopted by the board of directors as of 12/31/2013.”

“Porter place, inc. Has a document retention and destruction policy in place. However, it was not formally adopted by the board of directors as of 12/31/2013.”

“During the tax year ended 12/31/2013, no officers, directors or trustees received compensation from the organization. Any executive compensation paid to officers, directors or trustees was paid by centura health corporation, an unrelated organization, and was set by a compensation committee who utilized both an independent consultant and comparability studies to determine compensation. Therefore, these questions are more appropriately answered as n/a.”

“Porter place, inc.'s organizing and governing documents, the conflict of interest policy, and the financial statements are made available to the public to the extent required by law.”

“The organization's top management and top financial officials were paid by centura health corporation (chc), an unrelated organization that provides services to porter place, inc. Through a management services contract. The top management and top financial officials were appointed as such by the porter place, inc. Board of directors. While they are officers of porter place inc., a very small portion of their time is directly related to the operations of the organization. Their salaries are paid by chc, an unrelated organization charged with managing the operations of the filing organization, in their capacity as officers or key employees of chc. Thus, their reportable compensation is not reported on the filing organization's form 990, but instead is disclosed in full on chc's form 990. Erin denholm and nancy stokes are also paid by chc; however, these individuals have compensation reported on porter place's form 990, part vii, and schedule j, part ii, for the portion of time spent directly on providing services in their capacity as officers of porter place, inc.”

“Porter place, inc., a 501(c)(3) nonprofit corporation that provided independent and assisted living housing for seniors, ceased conducting business and transferred all assets to portercare adventist hospital system as of december 31, 2013.”

“Porter place, inc. Is a 501(c)(3) nonprofit corporation that provides independent and assisted living housing for seniors. Porter place, inc. Is located adjacent to porter adventist hospital in denver, colorado, and provides a full range of social, cultural, religious and recreational events to enhance the quality of life for its residents. Porter place, inc. Operates at the lowest feasible cost taking into account cash flow requirements. Its entrance fees and monthly charges are set at rates that are generally affordable in the community, with certain entrance fees being refundable. This pricing structure ensures that porter place, inc. Reaches the broadest portion of the community as possible. As of december 31, 2013, porter place, inc. Ceased conducting business and transferred all assets to portercare adventist health system.”

“Professional fees - total expense: 670361, program service expense: 536289, management and general expenses: 134072, fundraising expenses: ; compensation reimbursement - total expense: 1255992, program service expense: 1004794, management and general expenses: 251198, fundraising expenses: ;”

“Transfer to portercare adventist health system - -2907905;”