Tempe Life Care Village Inc

“Tempe life care village has a management contract with life care services, llc (lcs), under which lcs provides management services including, but not limited to, marketing, human resources, accounting, information technology services, clinical oversight and insurance. In addition, lcs provides compensation for tempe life care village's executive director and administrator of resident services. Tempe life care village also reimburses lcs with monthly management fees for the compensation paid and other services provided.”

“There is no formal documentation of the committee meetings and actions. However, each committee reports its activity for the month at each monthly board of directors general meeting. These reports are documented in the minutes of the board of directors general meeting.”

“The form 990 is prepared by an independent accounting firm based on audited financial statements and information provided by the accounting department of the organization. A draft of the 990 is reviewed in detail by the senior management team of tempe life care village. After the internal review, a draft copy of the 990 is presented to the finance committee of the board of directors. Finally, a draft copy of the 990 is e-mailed to all members of the board of directors prior to filing.”

“Conflict of interest forms are distributed annually to the board of directors. The senior management team reviews those forms and informs the chairman of the board of any conflicts of interest. If a conflict arises, the affected board member is required to abstain from voting on the issue.”

“The organization's management company compensates the executive director and associate executive director. Reimbursement of their salaries and other compensation is covered in the management contract, which the board approved effective august 1, 2017 and added amendments on november 25, 2019. Any increases are approved as part of the annual budget process described below. The director of finance compensation is determined by wage and salary surveys used by the organization's human resources department. It is approved as part of the general budget approval process by the board finance committee and the entire board of directors. Approval is recorded in the board meeting minutes in october each year.”

“The organization's articles of incorporation and bylaws, including the conflict of interest policy, are filed with the arizona corporation commission. Financial reports are part of the arizona department of insurance annual report and also reported on the nrmsirs (emma).”

“The organization's executive director is compensated by a management company. See schedule o narrative for form 990, part vi, section b, line 15b for additional information.”

“During 2024, the health care center had an average occupancy rate of 93.77%, with a total of 43,930 patient days, including medicare, hmo, private pay, and permanent and temporary assignment of village residents. Like assisted living, skilled nursing is available to residents of friendship village, as well as to non-residents if space is available. If ever needed, residents also have access to memory care as part of their life care plan. The montessori program for memory care is unique. The focus is on the resident as an individual and care is tailored around their specific needs.”

“(Expenses $ 1,009,792 including grants of $ 0)(Revenue $ 1,583,396) MEMORY CARE ASSISTED LIVING: MEMORY CARE ASSISTED LIVING (ASSISTED LIVING DEMENTIA) IS FOR RESIDENTS WHO REQUIRE THE ATTENTION OF SPECIALLY TRAINED STAFF FOR THE TREATMENT OF DEMENTIA OR COGNITIVE IMPAIRMENT. MEMORY CARE PROGRAMS PROVIDE ASSISTANCE WITH DAILY LIVING, INCLUDING THREE MEALS A DAY. STAFF IS TRAINED TO MEET THE NEEDS OF RESIDENTS IN THE DEMENTIA CARE AREAS. STAFFING IS MORE CONCENTRATED IN THE MEMORY CARE PORTION OF THE HEALTH CARE CENTER THAN IN THE NON-SPECIAL NEEDS AREA. DURING 2024, THE MEMORY CARE PROGRAM HAD AN AVERAGE OCCUPANCY RATE OF 99.2% AND A TOTAL OF 8,489 DAYS OF OCCUPANCY.”