Valleycare Senior Housing Inc

“The following individuals are employees of stanford health care: david entwistle linda hoff the following individuals are board members at stanford health care: david entwistle the following individuals are voting board members at sumit holding international, llc: david entwistle linda hoff the following individuals are voting board members at sumit insurance company, ltd.: david entwistle linda hoff the following individuals are class a subscriber voting members at the professional exchange assurance company: (as of 9/1/2023) david entwistle linda hoff the following individual is a manager at stanford pet-ct llc: david entwistle the following individual is a director at lucile salter packard children's hospital: david entwistle”

“Stanford health care tri-valley ("shc tri-valley") is the corporate member of valleycare senior housing, inc.”

“Valleycare senior housing, inc. Is a type i supporting organization. Its board members are elected by members of its supported organization, shc tri-valley, ein: 94-1429628.”

“Valleycare senior housing, inc. Is a type i supporting organization. Approval by its supported organization, shc tri-valley, ein: 94-1429628, is needed for the following: - enactment, amendment or restatement of the articles of incorporation of the corporation - enactment or amendment of the bylaws of the corporation - merger, consolidation or dissolution of the corporation - sale, lease, conveyance exchange or transfer of substantially all of the corporation's assets - the corporation's annual budget - corporation's assumption of any indebtedness other than indebtedness incurred in the normal course of business - plan for fundraising by or on behalf of the corporation - corporation's engagement in any activity other than activities that support the charitable purpose of the member - any other action required to be approved by the member under the california nonprofit public benefit corporation law”

“The finance department reviews the form 990 for accuracy. Prior to filing the return with the internal revenue service, a complete copy of the form 990 is sent electronically to each member of the board of directors for their review. The chief financial officer reviewed the form 990 with the audit committee and invited questions. Following this review, a full copy of the final return is provided to each member of the board of directors prior to filing. Once these steps are complete, the return is filed with the internal revenue service.”

“Officers, directors and key employees are required to complete an initial conflict-of-interest disclosure statement ("disclosure statement") within 30 days of beginning service at shc-tv. Additionally, an updated disclosure statement is required thereafter on an annual basis. Furthermore, officers, directors and key employees are required to update their disclosure statement within ten (10) business days of a material change in their situations that may create an actual or perceived conflict-of-interest. A disclosure that appears to be a conflict will be resolved by a mutual agreeable plan with the vice president of human resources that outlines the steps the officer, director or key employee must take to rectify the conflict. In matters that are unclear or questionable, the office of chief compliance officer will be consulted for a ruling. If further inquiry is necessary the office of the general counsel will determine the appropriate course of action.”

“A related organization, shc tri-valley, pays the top management official. Shc tri-valley's compensation process included the services of willis towers watson for compensation benchmarking, analysis, and reporting. The board of directors has a compensation sub-committee who review the results of the compensation review and is assured that total compensation is consistent with the market. This process was last performed in november 2023.”

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

“Revenue: according to land lease agreement, valleycare senior housing will report income when operations becomes profitable.”