Silver Lake Senior Housing Association

“During 2024, all executive and administrative services were provided by the city of everett housing authority, a related organization. Between april and august 2024, mary swenson provided interim executive director services through a contract between everett housing authority and gmp consultants. Mary swenson became an employee of everett housing authority and executive director on september 1, 2024.”

“The executive director of the housing authority of the city of everett is an ex officio voting member of silver lake senior housing association's board of directors. Silver lake senior housing association's other board members are appointed by the board of commissioners of the housing authority of the city of everett.”

“Prior to filing, the form 990 was reviewed by the accountant, deputy director of finance, and finance director. A copy was also provided to the board members.”

“The organization's conflict of interest policy applies to all board members, officers, and members of committees with board-delegated powers. Covered individuals are required to disclose any actual or potential conflicts of interest. After answering any questions, the covered individual may not be present for any discussions or votes on a matter involving a conflict of interest. If it isn't clear whether a conflict exists, the remaining board or committee members make the determination by majority vote. The board or committee chair may require that alternatives be investigated. If a more advantageous transaction that does not involve a conflict of interest cannot be identified, the board or committee determines whether to enter the transaction by majority vote. If the board or a committee has reason to believe that an individual failed to disclose a conflict of interest, the individual is given the opportunity to explain. After hearing the individual's response, if the board or committee determines that the individual failed to disclose a conflict, it takes appropriate disciplinary and corrective actions.”

“The organization makes its governing documents available upon request. Contact information can be found on the company website.”

“Facility-related services: program service expenses 62,816. Management and general expenses 0. Fundraising expenses 0. Total expenses 62,816. Other administrative services: program service expenses 0. Management and general expenses 6,567. Fundraising expenses 0. Total expenses 6,567.”

“The process for selecting an independent accounting firm has not changed from the prior year.”