Bay Area Senior Services Inc

“Bay area senior services' board delegates management duties to pacific retirement services, inc.”

“The organization's bylaws were amended in may 2024 to align the organization's bylaws, policies and procedures with those of other affiliates of pacific retirement services, inc., the sole member.”

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

“Pacific retirement services, inc. Has the authority to elect the organization's directors. One resident director is nominated by the residents' council of the peninsula regent. The remaining directors are nominated by the board of directors of bay area senior services, inc.”

“The member has the exclusive power to take the following actions on behalf of bay area senior services, inc. ("the organization"): (a) adopt, amend or restate the organization's bylaws; (b) adopt, amend or restate the organization's annual budget, long-range plan, strategic plan, or mission statement; (c) approve any merger or consolidation of the organization with another entity, or any partial or total liquidation of the organization's assets; (d) authorize the organization to incur any debt or enter into any contract not contemplated by the annual budget, if the dollar amount exceeds the sum of $100,000; (e) make any gifts or gratuitous transfers in excess of $5,000 in any calendar year; (f) create a taxable or tax-exempt subsidiary or affiliate organization; (g) acquire a controlling interest in another entity; (h) appoint outside auditors; (i) appoint a manager to manage the operations of the organization's continuing care retirement community; (j) elect or appoint the organization's directors, including the filling of vacancies caused by the death, removal or resignation of a director; (k) elect or appoint a director to be on the board of directors of the member; and (l) remove any of the organization's directors or officers.”

“The form 990 was reviewed by the corporate director of accounting, vice president of accounting, cfo, 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 executive director's direct supervisor (coo or vp of operations).”

“Corporate financial data and governance information is not public information, and as such, is released only pursuant to legal regulation, court order, or other applicable law, and as directed by corporate counsel.”

“Note that martin herter is a leased employee of pacific retirement services, inc. And performs services on behalf of bay area senior services, inc. Pursuant to a management services agreement between bay area senior services, inc. And pacific retirement services, inc. Under the management services agreement, his compensation is reimbursed by bay area senior services, inc. Compensation has been reported in form 990, part vii, section a in order to highlight amounts paid by bay area senior services, inc., notwithstanding that he is a leased employee of pacific retirement services, inc.”

“The process and authority for selecting the financial statement auditor and for overseeing the financial statement audit did not change during the fiscal year.”