Channing House

“The audit committee reviews a draft of irs form 990 on behalf of the board of trustees prior to filing with the irs. The draft as reviewed by the audit committee is made available to all members of the board of trustees. Process includes recording who conducted the review, when it was conducted and the extent (detail or summary) the form was reviewed.”

“Annually, policy is reviewed with board members and key staff members.”

“The personnel committee (a board committee comprised of 3 trustees) is responsible for the performance appraisal of the executive director. The performance appraisal is normally on an annual basis, with the period under review based on the executive director's date of hire. The committee in its evaluation may solicit input from other trustees, residents and staff of channing house. The salary and benefits of the executive director are also reviewed on an annual basis. The personnel committee submits any recommended changes to the executive director's salary/benefits to the board of trustees for approval. Such recommendation will be submitted for review and approval to the board at the regularly scheduled meeting prior to the executive director's hire date anniversary. Any action taken by the board on personnel committee recommendations will be recorded in the board minutes. Compensation adjustments for the executive director will be established in conjunction with a review of compensation studies available from both national and statewide sources, as well as other sources as available (such as from a consultant). The executive director is responsible for annual evaluations and implementing any salary adjustments for the administrator, director of finance & it, marketing director & facilities director. The administrator conducts the annual reviews for the director of health services and the director of environmental services. Compensation adjustments for key management staff are based on budgeted amounts available, as well as statewide compensation studies.”

“Audited financial statements are posted in the resident library; attached to new resident contracts; and available on request from the business office. All board minutes and changes to bylaws are posted in the channing house resident library. Copies of meeting minutes are available for a prior three year period. Conflict of interest policy is available on request from the business office.”

“Food services: program service expenses 2,567,535. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,567,535. Medical services: program service expenses 143,631. Management and general expenses 0. Fundraising expenses 0. Total expenses 143,631. Administration services: program service expenses 55,317. Management and general expenses 122,952. Fundraising expenses 0. Total expenses 178,269. Housekeeping services: program service expenses 29,882. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,882.”

“Change in value of charitable gift annuities -1,920. Change in minimum pension liability 61,536.”

“Audit committee and oversight: there have been no changes to this process from the prior year.”