Holladay Park Plaza Inc.

“Holladay park plaza delegates management to pacific retirement services.”

“The bylaws were revised to amend sections 3.2.2 and 3.2.3 to establish the threshold for contracts requiring approval by prs of $100,000.”

“Holladay park plaza has one member, pacific retirement services, inc.”

“Pacific retirement services, inc. Has the authority to elect the organization's directors which are nominated by the board.”

“Some decisions of the board are subject to approval by pacific retirement services, as outlined in article iii, section 3.2 of the 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 george wheeler is a leased employee of pacific retirement services, inc. And performs services on behalf of holladay park plaza pursuant to a management services agreement between holladay park plaza and pacific retirement services, inc. Under the management services agreement, his compensation is reimbursed by holladay park plaza. His compensation is reported in part vii section a in order to highlight amounts paid by holladay park plaza, notwithstanding that he is a leased employee of pacific retirement services, inc.”

“Change in interest in holladay park plaza foundation 23,954.”