Harbor Inn

“The Organization contracts with Presbyterian Villages of Michigan for management services”

“Presbyterian Villages of Michigan is the sole member of the corporation and appoints the members of the board”

“A copy of the completed form and all related schedules was distributed to the board members via e-mail for their review, comment and questions prior to filing”

“Presbyterian Villages of Michigan annually distributes conflict of interest forms to all board members and senior staff. Forms are returned to the PVM offices. This Organization does not have its own conflict of interest policy, but uses the conflict of interest policy of Presbyterian Villages of Michigan.”

“The Organization does not have its own whistleblower policy. It relies on the policy of PVM, its management company”

“The Organization does not have its own whistleblower policy. It relies on the policy of PVM, its management company”

“A biannual salary study is conducted by an independent compensation consultant/analyst who reports to the PVM Executive Committee acting in their capacity as the PVM Compensation Committee. Compensation rates are also routinely surveyed and evaluated for all employee positions.”

“The Organization has not yet established a process for publicly disclosing its governing documents or conflict of interest policy. Such items are available upon request. Annual audits and Form 990 are available at www.PVM.org”

“PVM acts as a common pay master for all entities within the PVM system, therefore this Organization does not file any W-2 forms. The Organization reported here has approximately 3 employees.”

“Tax exempt bond issues were completed in 2005 and 2020 in order to refund two previous bond issues and to provide new money for a variety of capital projects at Redford, East Harbor, Westland, Weinberg Green Houses, Harobr Inn and the corporate office. Each bond issue was done in the name of Presbyterian Villages of Michigan for the benefit of these entities the Obligated Group. Funds were loaned to these entities and are reported as unsecured debt on their Form 990.”

“A tax exempt bond issue was completed in 2020 in order to refinance certain commercial loans and to provide new money for a variety of capital projects, including the construction of Harbor Inn. The entire bond issue was done in the name of Presbyterian Villages of Michigan for the benefit of the Obligated Group. Funds were loaned to these entities and are reported as unsecured debt on their Form 990.”

“The financials of the Organization are audited as part of the Presbyterian Villages of Michigan Obligated Group and published in that document. A separate audit is not published for this Organization. The 2023 audit was not completed prior to the filing if this return.”