Rogue Valley Manor

“The rogue valley manor board delegates management duties to pacific retirement services, inc. ("prs"), a related tax-exempt organization.”

“The bylaws were revised to amend article iii section 2.8 to establish the threshold for contracts requiring approval by prs of $100,000.”

“The organization has one member, pacific retirement services, inc.”

“Pacific retirement services has the authority to elect directors to the rogue valley manor board of directors form a list of nominees selected by the rogue valley manor board of directors.”

“Some decisions of the board are subject to approval by pacific retirement services, as outlined in article iii, section 2 of the organization's bylaws.”

“The form 990 is currently being reviewed by the cfo, assistant controller and the board of directors.”

“The conflict of interest policy and questionnaire are sent to all board members and key employees annually. There are two policies related to conflicts of interest: 1) board of directors; 2) key employees, which identify the purpose, definitions, and procedures. If a conflict is self-identified by a board member or key employee in the questionnaire and/or meeting, procedures are followed and documented according to the policy.”

“A compensation committee of the prs board exists to determine compensation for the executive director of each community. This committee is comprised of the officers of the prs board of directors. The committee has a charter that outlines its duties and responsibilities. It also has agenda elements that describe the activities that the committee undertakes during the year. The vp of human resources provided salary studies from the following resources to the committee relative to executive director compensation: salary.com, payscale.com, 990 review (like size organizations), cemo (chief executive officers of multi-facility organizations) salary study results, and industry state association salary study results based on geographical location. The recommendation for base compensation and bonus are provided by the ed's direct supervisor (coo or vp of operations).”

“All requests go through corporate counsel.”

“Note that sarah lynch is a leased employee of pacific retirement services, inc. And performs services on behalf of rogue valley manor pursuant to a management services agreement between rogue valley manor and pacific retirement services, inc. Under the management services agreement, her compensation is reimbursed by rogue valley manor. Compensation has been reported in part vii section a in order to highlight amounts paid by rogue valley manor, notwithstanding that she is a leased employees of pacific retirement services, inc.”

“Change in value of interest rate swap agreement 105,710. Loss on extinguishment of debt -798,368. Change in beneficial interest in net assets of rogue valley manor fdn, inc. -257,445.”