Foundation for Senior Living Inc

“Foundation for senior living, inc. Pays fsl management, an affiliate, a management fee. These services include, but are not limited to, financial, human resources and risk management oversight.”

“The sole member of this organization is the roman catholic church of the diocese of phoenix.”

“Directors shall be appointed by the foundation for senior living. Directors may be removed at any time without cause by the member.”

“The organization cannot change its bylaws without approval of the member. The member needs to approve who will be titled president. The member may remove any director at any time without cause. The member may remove all officers at any time, with or without cause.”

“The controller will review the return prior to being submitted to the governing board. The return will also be provided to the fsl board of directors.”

“Everyone on the boards of directors of foundation for senior living (fsl) and its related affiliates, and all employees of fsl and related affiliates, are covered under the policy. Any conflicts of interest at the fsl level are discussed and resolved by the fsl board of directors. Any conflicts of interest relating to any of the other fsl entities are discussed and resolved either by the fsl board of directors or by the affiliate entity's board of directors. All potential conflicts of interest, regardless of how small or insignificant, are to be reported to the president of the board of directors (or committee chair) prior to engaging in a conflict of interest board or committee action. The president will ask the board of directors to make a decision as to whether the relationship is an appropriate one for fsl. The board member declaring the conflict will have no vote on the matter. Moreover, the person having a conflict of interest shall retire from the room in which the board (or its committee) is meeting and shall not participate in the final deliberation regarding the matter under consideration. However, the person shall be permitted to provide the board or committee with any and all relevant information prior to leaving the meeting.”

“The ceo is compensated for services provided to fsl and its related organizations. The compensation is approved by the governing board of fsl. On an annual basis, they are provided with comparability data/compensation studies to determine the compensation. Other officers and directors are provided compensation from fsl management for their services as employees of fsl management, and not for their services as board members of the filing orgnaization. Their compensation is approved by the president.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“Loss on ahp grant project -300,000.”

“The process has not changed from the prior year.”