Waverly Senior Services

“The form 990 is prepared by an independent accounting firm and then reviewed by the cfo and controller. The audit committee performs a final review with the independent accounting firm and then a copy is provided to all members of the board of trustees before filing with the internal revenue service.”

“Waverly senior services' conflict of interest policy is reviewed annually to provide guidance to governing board members. All new members sign off on this policy upon appointment to the board. Any possible conflict of interest on the part of the governing board members is required to be timely disclosed upon realization of the potential conflict to the other members of the board and made a matter of record when the conflict becomes a matter of board action. The board makes the decision as to whether a potential conflict is an actual conflict. Any governing board members having a conflict of interest shall not vote or use their personal influence on the matter, even where permitted by law. The minutes of the meeting shall reflect the disclosure, abstention and the quorum.”

“Compensation for the president & ceo, other officers, and key employees is determined by the executive evaluation & compensation committee based on the recommendations from an independent consultant. The consultant bases their information on survey data from similar life plan communities and external data. Additionally, any significant adjustments for change and annual adjustments are reviewed and recommended by the executive evaluation & compensation committee to the board of trustees. This process was reviewed and approved in 2023. The deliberation and final decision were documented in the board and committee minutes with specific details documented in confidential employee files.”

“The governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Investment in subsidiary -15,758,283.”