Episcopal Senior Communities

“Members of the organization: front porch communities and services is the sole corporate member.”

“Member election abilities: front porch communities and services appoints a majority of the members of covia communities' board of directors. In addition to electing a majority of the covia communities' board of directors, the member also has the right to vote on covia communities' articles or bylaws.”

“Governance decisions: see response to form 990, part vi, question 6.”

“Process to review the form 990: the cfo conducted a complete and thorough review of the form 990. An electronic copy of the form 990 was posted on the organization's internal website for board review and additionally, sent via email directly to each board member for their review and comments prior to filing with the internal revenue service.”

“Process for monitoring compliance with conflict of interest policy: the conflict of interest policy is reviewed on a transaction basis. The policy applies to all interested persons including any director, principal officer, or member of a committee , with board-delegated powers who has a direct or indirect financial interest in the organization. Any officer or board member having a possible conflict of interest in any matter must disclose the existence and nature of the conflict. After disclosure of a potential conflict of interest to the board, the interested officer or board member must leave the board meeting while the conflict of interest is discussed and/or voted upon. The remaining board members shall decide if a conflict of interest exists.”

“Determining compensation: every two years covia communities uses an independent consultant to review and analyze ceo, executive director and other top management positions, using national industry specific comparability data, which is then presented to the executive committee of the board and approved by the covia communities' chairman of the board of directors.”

“Availability of documents: the audited financial statements are posted on the covia communities website, at www.frontporch.org. The governing/organizing documents and conflict of interest policy are available on request.”

“OTHER CHANGES IN NET ASSETS: Change In Pension Liability $2,964,881 Other Components of Net Periodic Benefit Cost $1,666,804 INHERENT CONTRIBUTIONS IN RELATION TO MERGER $262,219,187 ADJUSTMENT TO FAIR VALUE IN RELATION TO MERGER $(493,474,097) ------------------ Total $(226,623,225) COVIA Communities ENTERED INTO AN AGREEMENT ON SEPTEMBER 14, 2021 TO MERGE INTO FRONT PORCH COMMUNITIES AND SERVICES EFFECTIVE AS OF APRIL 1, 2022. THE $262,219,187 and $(493,474,097) IN OTHER CHANGES REPRESENT inherent contributions related to the merger and THE AMOUNT OF NET ASSETS TRANSFERRED TO FRONT PORCH COMMUNITIES AND SERVICES, respectively.”

“Ceasing operations: covia communities entered into an agreement on september 14, 2021 to merge into front porch communities and services effective as of april 1, 2022.”