Stockton Congregational Homes

“Management duties are fulfilled by management company which include, but not limited to financing arrangements, management, consulting and administrative services.”

“There is one class of members for the organization and the members shall be retirement housing foundation and first congregational church of stockton.”

“The directors of the organization will be elected at the annual meeting of the members.”

“The bylaws may be amended or repealed by the vote of the members entitled to exercise a majority of the voting power of the corporation or by the written assent of such members.”

“There are no committees with authority to act on behalf of the governing body.”

“The management company thoroughly reviews the form 990 and discusses any comments with the third party preparer before filing.”

“Upon joining the company and annually thereafter, all employees and board memebers are required to complete and sign a certification acknowledging their understanding and agreement to comply with the company's conflict of interest policy, including disclosing any activities that may appear or may be deemed violations of the policy. Board members and company officers have an additional and more comprehensive conflict of interest policy and certification requirement. Designated management personnel are responsible for tracking the distribution and return of all certifications and for accounting and reporting any disclosures to the company's compliance officer. If further review of any disclosures is merited, the compliance officer forwards the certification to the company's general counsel, ceo and/or board for final disposition. Individuals who have made disclosures are advised of final dispositions. An employees failure to submit timely certifications, disclosures and/or to take the necessary required actions to avoid conflicts may be diciplined, up to and including termination. If the individual is a board member, he or she may be subject to removal from his or her position.”

“The organization does not compensate the ceo, executive director, top management official or other officers or key employees. A related organization compensates these individuals and the process includes an extensive review and approval by independent persons to determine compensation.”

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

“The organization sold its facility and assets to an unrelated party during the fiscal year on 11/30/2023, and used the proceeds from the sale to fund remaining operating expenses. The organization's remaining advances from a related party were forgiven / repaid, resulting in contribution revenue on part viii.”

“Purchased services: program service expenses 499. Management and general expenses 0. Fundraising expenses 0. Total expenses 499. Payroll processing fees: program service expenses 0. Management and general expenses 2,615. Fundraising expenses 0. Total expenses 2,615. Professional fees and consultant: program service expenses 0. Management and general expenses 20,000. Fundraising expenses 0. Total expenses 20,000.”

“The management company assumes the responsibility for the oversight of the audit of its financial statements and the selection of the independent accountant”