Twelve Oaks Foundation

“Management of twelve oaks senior living is conducted by northstar senior living, inc., a california corporation. Northstar's management and employees are responsible for operating the residence on a daily basis. They interview, hire, train and supervise staff, market the facilities and services, and implement all of the necessary systems needed for operation of the property, including payroll, accounts payable, billing and accounting, food service management and physical plant maintenance. Northstar also provides advice on the foundation's renovation of the buildings and is in charge of any licensing applications required to operate the property as a senior home.”

“A draft of form 990 was provided to the current board for their review. Any questions were raised with the organization's cpa/tax preparer (cpa) and if necessary, changes were made by the cpa before the return was filed.”

“On an annual basis, a conflict of interest policy questionnaire is sent to all board members who are required to complete and submit such questionnaire.”

“Part vi, line 15(a)and (b) were answered no as there are no officers or key employees as defined in form 990 instructions were compensated.”

“Governing documents are available upon request.”

“The amount shown paid to northstar senior living, inc. Represents both their fee and costs associated for supervisory personnel. See disclosure elsewhere on sch o for part vi, line 3 of the form 990 for full services northstar senior living, inc. Provided.”

“Paris cohen served as a director and was vp, facilities through march 31, 2018.”

“Present value adjustment from early payoff of so ca presbyterian homes loan -122,557. See disclosure below 80,630.”

“Amount represents the write off of old improvements and equipment that were part of the retirement home prior to closure of the home in 2013 by the board controlled by southern california presbyterian homes and replaced by new improvements as part of renovation work that started in late 2016 (see part iii, line 4 for more details).”

“Amount (80,630) from 2015 lawsuit and settlement with so california presbyterian homes (scph) that was discovered and transferred by scph to the organization in 2018”