| FORM 990, PART III, LINE 3 |
DURING THE FISCAL YEAR, THE FOUNDATION TRANSFERRED ALL ASSETS AND LIABILTIES TO VASHON ISLAND COMMUNITY CARE IN ANTICIPATION OF DISSOLVING. |
| FORM 990, PART VI, SECTION A, LINE 3 |
ALL MANAGEMENT FUNCTIONS ARE PROVIDED BY EMPLOYEES OF PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST. |
| FORM 990, PART VI, SECTION A, LINE 6 |
VASHON ISLAND COMMUNITY CARE IS THE SOLE MEMBER OF VASHON COMMUNITY CARE FOUNDATION. |
| FORM 990, PART VI, SECTION A, LINE 7A |
THE BOARD MEMBERS ARE ELECTED BY VASHON COMMUNITY CARE FOUNDATION'S BOARD OF DIRECTORS, BUT VASHON ISLAND COMMUNITY CARE HAS THE RIGHT TO DISAPPROVE OF AND REMOVE BOARD MEMBERS. VASHON ISLAND COMMUNITY CARE'S BOARD OF DIRECTORS IS IDENTICAL TO PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST'S BOARD OF DIRECTORS. PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST IS THE SOLE MEMBER OF VASHON ISLAND COMMUNITY CARE. |
| FORM 990, PART VI, SECTION A, LINE 7B |
AS THE SOLE MEMBER, VASHON ISLAND COMMUNITY CARE HAS THE RIGHT TO: 1. AMEND THE ORGANIZATION'S ARTICLES OF INCORPORATION OR BYLAWS; 2. ADOPT A PLAN OF MERGER OR CONSOLIDATION; 3. AUTHORIZE THE SALE, LEASE OR EXCHANGE OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S PROPERTY AND ASSETS; 4. AUTHORIZE THE ORGANIZATION'S VOLUNTARY DISSOLUTION; AND 5. ADOPT A PLAN FOR THE DISTRIBUTION OF THE ORGANIZATION'S ASSETS. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 WAS REVIEWED BY THE CONTROLLER AND THE CFO. IT WAS THEN PROVIDED TO THE BOARD FOR REVIEW BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND EMPLOYEES. ANNUALLY, THE CONFLICT OF INTEREST FORM IS DISTRIBUTED TO THE BOARD OF DIRECTORS AND OFFICERS. THE PRESIDENT & CEO REVIEWS THE COMPLETED FORMS AND IDENTIFIES IF ANY CONFLICTS EXIST. ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST OF ANY GOVERNING BOARD MEMBER OR OFFICER SHALL BE DISCLOSED TO THE OTHER MEMBERS OF THE BOARD OR HIGHEST LEVEL OF MANAGEMENT (PRESIDENT & CEO) AND MADE A MATTER OF RECORD AT THE SOONEST POSSIBLE TIME. ANY GOVERNING BOARD MEMBER HAVING A POSSIBLE CONFLICT OF INTEREST SHALL NOT VOTE OR USE PERSONAL INFLUENCE ON THE MATTER, AND SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING, EVEN WHERE PERMITTED BY LAW. THE MINUTES OF THE MEETING SHALL REFLECT THAT DISCLOSURE WAS MADE, THE ABSTENTION FROM VOTING, AND THE QUORUM. |
| FORM 990, PART VI, SECTION B, LINE 15A |
THE BOARD USES AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEY TO ANNUALLY DETERMINE THE CEO'S COMPENSATION. THE CEO IS RESPONSIBLE FOR CONDUCTING THE REVIEW OF OTHER OFFICERS' COMPENSATION. COMPENSATION WAS LAST REVIEWED IN 2020. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VII, SECTION A: |
THE OFFICERS THAT HAVE COMPENSATION PRESENTED IN PART VII, SECTION A OF THE FORM 990 PROVIDE EXECUTIVE MANAGEMENT SUPPORT AND OVERALL GUIDANCE TO PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST (DBA: TRANSFORMING AGE) AS WELL AS THE OTHER RELATED AND SUPPORTED AFFILIATES OF TRANSFORMING AGE. THE ENTIRE TRANSFORMING AGE SYSTEM SERVES APPROXIMATELY 7,500 PEOPLE IN SENIOR AND AFFORDABLE HOUSING AND COMMUNITY-BASED SERVICES, EMPLOYS 2,000 EMPLOYEES, GENERATES $123 MILLION IN TOTAL ANNUAL REVENUE AND HAS $681 MILLION IN TOTAL ASSETS. |
Attach to Form 990 or 990-EZ.