Clark-Lindsey Holdings Inc

“The corporation's sole member, within the meaning of 617.0601 of the act, is lindsey communities, inc. (the "member"), an illinois not-for-profit corporation that is exempt from federal income taxation pursuant to section 501 (c)(3) of the code.”

“The member shall have the right to appoint the corporation's board and remove any director or directors, with or without cause as described in article v of the by-laws and fill any director vacancies on the board.”

“The member shall have the following exclusive powers to: (a) adopt or amend the articles of incorporation and bylaws of the corporation. (b) adopt or amend the mission, purpose, philosophy or objectives of the corporation. (c) appoint the corporation's board and remove any director or directors, with or without cause, as described in article v. (d) fill any director vacancies on the board. (e) determine and amend the number of directors to serve on the board. (f) elect, re-elect, appoint and remove all officers of the corporation and/or approve the election, re-election, appointment and removal of all officers of the corporation. (g) appoint, review and remove, with or without cause, the chief executive officer ("ceo"). (h) appoint, review and remove, with or without cause, the management company. (i) pay pensions and establish and carry out pension, retirement, benefit, incentive and compensation plans, trusts and provisions for any er all of its employees. (j) establish a corporate spending limit. (k) reject any budget approved by the corporation. (i)approve the incurrent of debt or capital expenditure by the corporation in excess of $100,000 whether in a single transaction or a series of related transactions, if such debt or capital expenditure is not included in the corporation's approved budgets. (m) initiate and approve investment policies and strategic plans of the corporation. (n) authorize or adopt a plan of merger, consolidation, corporate reorganization, or the creation or dissolution of a new subsidiary or affiliate. (o) authorize dissolution, division or liquidation of the corporation. (p) authorize the lease, sale, exchange, transfer or other disposition of substantially all of the corporation's assets. (q) select and appoint the banks, accountants, auditors and legal counsel of the corporation.”

“The board directs that at least one board member, who serves on the finance committee, conduct the annual review of the form 990 and present it to the full board prior to being filed.”

“The board directs that officers, directors, and key employees annually disclose interests that could give rise to conflicts. The compliance officer is responsible for preparing quarterly reports to the board risk management committee that discloses actual, potential or perceived conflicts of interest. In the event that a conflict exists, the person is required to recuse himself or herself from participating in the decision.”

“The organization does not compensate any officers or key employees. A related organization uses the following process to determine compensation for those individuals: the board directs that the personnel & policy committee (p&pc) conduct the president's annual performance review and develop salary and compensation recommendations for full board approval. A comparative analysis of the president's annual compensation is reviewed by the p&pc using sources such as independent salary surveys, review of form 990s and other information as it is available. To ensure the independence and objectivity of the comparative review, the data and analysis is prepared by someone other than the president. In regards to other officers and key employees, the president performs a similar process using independent salary survey data to determine compensation. These processes were last undertaken in 2024.”

“Clark-lindsey holdings, inc.'s governing documents, conflict of interest policy, and financial statements are available upon request for public inspection.”

“Change in fv of interest rate swap 532,574.”

“The process for review and oversight of the audit process is consistent with prior years.”