2021-06-24T15:26:50-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2020-01-01 411740311 INTERGENERATIONAL LIVING & HEALTH CARE INC INTE 9523618000 1107 HAZELTINE BOULEVARD NO 200 CHASKA MN 55318 ELAINE BURTON PRESIDENT 9523618000 2021-06-09 1 ELAINE BURTON 999009999 CHRISTOPHER STEINHOFF P01587351 6123764500 2021-06-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ELAINE BURTON 1107 HAZELTINE BOULEVARD NO 200 CHASKA MN 55318 24929697 0 X WWW.IGLHC.COM X 1996 MN OUR MISSION IS TO CREATE LIFE-ENRICHING COMMUNITIES BY EMBRACING ALL GENERATIONS THROUGH INNOVATIVE SERVICES AND PROGRAMS. 6 1 547 176 0 0 2025 2294040 21191863 22627296 -32413 -226135 0 0 21161475 24695201 48236 50400 0 0 10354490 11377117 0 0 0 9824609 11693894 20227335 23121411 934140 1573790 34466569 50605507 35283441 51226484 -816872 -620977 X OUR MISSION IS TO CREATE LIFE-ENRICHING COMMUNITIES BY EMBRACING ALL GENERATIONS THROUGH INNOVATIVE SERVICES AND PROGRAMS. 0 0 17080547 50400 22627296 INTERGENERATIONAL LIVING & HEALTH CARE, INC. (ILHC), A MINNESOTA NONPROFIT CORPORATION, IS AN ORGANIZATION PIONEERING PROGRAMS FOR CHILDREN AND SENIORS. THE MISSION OF ILHC INCLUDES STRENGTHENING CONNECTIONS AND UNDERSTANDING BETWEEN GENERATIONS, PROVIDING ENRICHING EDUCATIONAL OPPORTUNITIES FOR CHILDREN, ENHANCING THE WELL-BEING OF CHILDREN AND OLDER ADULTS, AND SERVING INDIVIDUALS FROM ALL BACKGROUNDS, REGARDLESS OF FINANCIAL RESOURCES. IN ORDER TO ACCOMPLISH THIS MISSION, ILHC SPONSORS EDUCATIONAL CENTERS AND PROGRAMS FOR YOUTH HOUSING AND SERVICES FOR SENIORS, INTERGENERATIONAL PROGRAMS THAT LINK CHILDREN AND OLDER ADULTS. ILHC IS MADE UP OF VARIOUS SENIOR LIVING COMMUNITIES, A FOUNDATION, AND A DAYCARE CENTER. ILHC HAS COMMUNITIES IN MINNESOTA, MONTANA AND SOUTH DAKOTA. THESE ENTITIES ARE REFERRED TO AS VALLEY VIEW ESTATES HEALTH & REHABILITATION, THE INN ON WESTPORT, THE COMMONS ON MARICE AND INTERGENERATIONAL LEARNING CENTER. VALLEY VIEW ESTATES HEALTH & REHABILITATION, HAMILTON, MONTANA IS A LONG-TERM CARE COMMUNITY THAT SERVES UP TO 98 OLDER ADULTS. VALLEY VIEW ESTATES HOST NUMEROUS ACTIVITIES THAT PROMOTE INTERGENERATIONAL LEARNING PROGRAMS FOR SENIORS AND CHILDREN. OUR COMMUNITY PARTNERS WITH LOCAL SCHOOLS OF ALL VARYING AGES TO PARTICIPATE IN ACTIVITIES, SUCH AS PUMPKIN CARVING WITH ELEMENTARY STUDENTS IN THE FALL OR HIGH SCHOOL STUDENTS COMING TO EXCHANGE LIFE STORIES WITH OUR RESIDENTS. DURING COVID-19 WE CONTINUE TO PARTNER WITH LOCAL SCHOOLS AND COLLABORATE INNOVATIVE WAYS FOR OUR RESIDENTS TO CONTINUE THESE IMPORTANT CONNECTIONS. VALLEY VIEW ESTATES HEALTH AND REHABILITATION CONTINUES ITS PARTNERSHIP WITH VARIOUS ORGANIZATIONS THROUGHOUT THE COMMUNITY. THE BITTERROOT SPECIAL OLYMPICS HAS BEEN AN ONGOING ORGANIZATION THAT OUR FACILITY HAS SUPPORTED THROUGHOUT THE YEARS, RECEIVING RECOGNITION AS A COMMUNITY PARTNER. IN THE PAST WE HAVE HOSTED THE ALZHEIMER'S SUPPORT GROUP TWICE A MONTH, WHICH EDUCATES PARTICIPANTS ON POWERS OF ATTORNEY, CARE PLANNING, AND DIFFERENCES BETWEEN MEDICARE AND MEDICAID. OUR COMMUNITY ALSO PARTNERS WITH AMERICAN LEGION VETERANS TO COME IN AND SPEAK WITH OUR VETERAN RESIDENTS EVERY MONTH. WHILE COVID-19 HAS DIRECTLY AFFECTED ALL OF THE ABOVE, VALLEY VIEW CONTINUES TO SUPPORT OUR COMMUNITY IN ANY WAY POSSIBLE AND PLAN TO RESUME THESE ACTIVITIES AS SOON AS PERMITTED. THE INN ON WESTPORT, SIOUX FALLS, SOUTH DAKOTA, OFFERS A FULL RANGE OF CARE AND SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, AND MEMORY CARE IN 133 SENIOR LIVING APARTMENTS IN A BEAUTIFUL, HOME-LIKE ENVIRONMENT. OUR GOAL IS TO HAVE EVERY RESIDENT AT THE INN ON WESTPORT ENJOY EACH DAY WITH THE MAXIMUM INDEPENDENCE AND THE HIGHEST QUALITY OF LIFE, HEALTH AND WELL-BEING. AT THE INN ON WESTPORT, OUR "AGING IN PLACE" PHILOSOPHY ALLOWS RESIDENTS TO REMAIN IN THEIR APARTMENT HOME WITH HEALTH SERVICES DELIVERED DIRECTLY TO THEM. TO SUPPORT THE MISSION OF ILHC AT THIS SENIOR LIVING COMMUNITY, STUDENTS OF ALL AGES GATHER FOR VARIOUS ACTIVITIES HOSTED BY THE LOCAL DAYCARES, SCHOOLS AND CHURCHES. THE INN ON WESTPORT ALSO SUPPORTS THE MISSION OF ILHC THROUGH OTHER VARIOUS CHARITABLE INITIATIVES SUCH AS: RENT REDUCTION - A PROGRAM THAT OFFERS REDUCED RATES FOR RESIDENTS TO LIVE AT THE COMMUNITY DUE TO INCOME QUALIFICATIONS. (ESTIMATED VALUE: 2020 - $59,280). ROCK STEADY BOXING DISCOUNTS - A FITNESS PROGRAM FOR THOSE WITH PARKINSON'S DISEASE (VALUE: $590). MEALS ON WHEELS - A PROGRAM WHERE AN EMPLOYEE AND A RESIDENT DRIVE WEEKLY TO DELIVER NOON MEALS TO HOME BOUND ELDERLY IN THE SIOUX FALL COMMUNITY (VALUE: $200). ALZHEIMER'S AND PARKINSON'S ASSOCIATIONS - THE INN ON WESTPORT HOSTS EVENTS FOR BOTH AGENCIES AND SPONSORS AND PARTICIPATES IN THEIR ANNUAL FUNDRAISERS (VALUE- $500). HOLIDAY CLEARING HOUSE - EMPLOYEES AND RESIDENTS ADOPT A FAMILY DURING THE HOLIDAYS AND ARE GIVEN A LIST OF NEEDS AND WANTS. ITEMS ARE GIVEN OR MONEY IS DONATED TO PURCHASE ITEMS AND IS PRESENTED IN PERSON (NON-CASH VALUE: $225). CENTER FOR ACTIVE GENERATIONS - SPONSOR MONTHLY BINGO WITH PRIZES AT THE LOCAL CENTER. (VALUE: $240). KIWANIS CLUB - EMPLOYEES ARE MEMBERS OF LOCAL SERVICE CLUB AND RESIDENTS ATTEND SPECIAL EVENTS AS FUNDRAISERS (VALUE: $80). COALITION ON AGING MEMBERSHIP AND STAFF PARTICIPATION (VALUE: $1,000). DONATED EASTER BASKETS TO CHILDREN'S HOME SOCIETY ($200). DONATED MONEY TO DAYBREAK ADULT DAY SERVICES ($100). FOOD DRIVE FOR SIOUX FALLS FEEDING SOUTH DAKOTA ($100). THE COMMONS ON MARICE, LOCATED IN EAGAN, MINNESOTA, IS A GRACIOUS SENIOR LIVING COMMUNITY THAT OFFERS 147 RESIDENCES WHERE SENIORS CAN CHOOSE INDEPENDENT LIVING, ASSISTED LIVING, OR CARE SUITES. THE COMMONS OFFERS AROUND-THE-CLOCK STAFFING OF NURSES AND CERTIFIED NURSING ASSISTANTS TO ASSIST WITH PERSONAL AND HEALTH-RELATED SERVICES. THE MEMORY CARE COMMUNITY WITHIN THE COMMONS, ALSO KNOWN AS PEARL GARDEN, CARES FOR INDIVIDUALS WITH ALZHEIMER'S DISEASE OR DEMENTIA, AND IS DESIGNED WITH A RESIDENTIAL FEEL TO ASSIST RESIDENTS WITH FAMILIARIZING THEMSELVES TO THEIR SURROUNDINGS WITH A HOMELIKE ENVIRONMENT. THE GOAL IS TO MAXIMIZE INDEPENDENCE WHILE MAINTAINING A SAFE ENVIRONMENT. THE COMMONS ON MARICE OFFERS WHAT FEW OTHER SENIOR COMMUNITIES CAN, AN OPPORTUNITY TO INTERACT IN MEANINGFUL WAYS WITH CHILDREN. THE INTERGENERATIONAL LEARNING CENTER, LOCATED ONE BLOCK AWAY, PROVIDES BOTH CHILDREN AND OLDER ADULTS WITH EXTRAORDINARY OPPORTUNITIES FOR SHARING AND LEARNING. THE INTERGENERATIONAL LEARNING CENTER CARES FOR CHILDREN SIX WEEKS TO EIGHT YEARS OF AGE. THE AGES ENTWINED PROGRAMMING NOT ONLY HELPS DEVELOP CONFIDENCE, SKILLS AND SELF-ESTEEM FOR THE CHILDREN, IT ALSO BUILDS MEANINGFUL RELATIONSHIPS WITH THE RESIDENTS OF THE COMMONS ON MARICE. IN ADDITION TO THE INTERGENERATIONAL LEARNING CENTER, THE COMMONS ON MARICE ALSO SUPPORTS THE MISSION OF ILHC (INTERGENERATIONAL LIVING AND HEALTH CARE) THROUGH OTHER VARIOUS CHARITABLE INITIATIVES SUCH AS THE ELDERLY WAIVER PROGRAM. THE ELDERLY WAIVER PROGRAM IS THE MINNESOTA STATE MEDICAID PROGRAM FOR LICENSED ASSISTED LIVING FACILITIES THAT CHOOSE TO PARTICIPATE. THE COMMONS ON MARICE DISCOUNTED CARE SERVICES TOTAL $597,796 UNDER THE STATE MEDICAID PROGRAM IN 2020. IN 2021, THE COMMONS ON MARICE WILL LIKELY DISCOUNT AN ESTIMATED $542,237 FOR RESIDENTS WHO LIVE WITH US AND RECEIVE ELDERLY WAIVER SERVICES. FEED MY STARVING CHILDREN (FMSC) IN EAGAN, MINNESOTA, IS A GLOBAL CHARITY, WORKING WITH MINISTRIES AROUND THE WORLD TO SERVE HUNGRY CHILDREN. OUR COMMUNITY ASSISTS IN THIS MISSION THROUGH VOLUNTEERISM OF RESIDENTS AND STAFF. JANUARY: RESIDENTS CREATED 35 VALENTINES FOR VETERANS. ALL VALENTINES WERE DELIVERED TO THE VETERANS AND THEIR WIVES IN OUR COMMUNITY AS WELL AS THE LOCAL VETERANS HOSPITAL. (VALUE: $30.00) FEBRUARY: RESIDENTS ASSEMBLED MADE 10 MEN'S SHOWER BAGS FOR THE HOMELESS AND WE DELIVERED THEM TO SHARING AND CARING HANDS IN MINNEAPOLIS. THESE BAGS INCLUDED EVERYTHING NEEDED TO SHOWER AS WELL AS SOCKS, SNACKS AND WATER. (VALUE: $125) MARCH: RESIDENTS WERE GIVEN CARDS TO WRITE NOTES OF ENCOURAGEMENT AND KINDNESS TO THE STAFF AT THE COMMONS ON MARICE. (VALUE: $10). APRIL: RESIDENTS WERE GIVEN SUPPLIES TO MAKE HOMEMADE CARDS TO THANK THE NURSES. THESE CARDS WERE INCLUDED IN GIFT BAGS ASSEMBLED FOR NURSES DAY. (VALUE: $269). MAY: RESIDENTS WERE GIVEN SUPPLIES TO PAINT INSPIRATIONAL MESSAGES ON ROCKS THAT WERE THEN PLACED AROUND THE COMMUNITY AS PART OF THE "KINDNESS ROCKS" PROJECT ($12) JUNE: RESIDENTS WERE GIVEN CARDS TO WRITE NOTES OF ENCOURAGEMENT AND KINDNESS TO THEIR NEIGHBORS AND FRIENDS AT THE COMMONS ON MARICE (VALUE: $15). AUGUST: RESIDENTS ASSISTED STAFF WITH MAKING TEN BACKPACKS FILLED WITH SCHOOL SUPPLIES (PENS, PENCILS, PAPER, MARKERS, CRAYONS, KLEENEX, WATERCOLOR PAINT, SNACKS, NOTEBOOKS) AND DONATED THE BACKPACKS TO NORTHVIEW ELEMENTARY SCHOOL IN EAGAN (VALUE: $81). SEPTEMBER: THE CARE STAFF WAS GIVEN COOKIES SHAPED LIKE SCRUBS TO THANK THEM FOR CARING FOR THE RESIDENTS. (VALUE: $109) OCTOBER: RESIDENTS MADE FOR THE WOMEN'S SHELTER, SHARING AND CARING HANDS. STAFF SEWED THE FABRIC AND RESIDENTS FILLED THE BAGS WITH RICE. (VALUE: $15) NOVEMBER: THE RESIDENTS ASSEMBLED 8 BAGS FOR THE HOMELESS. THESE BAGS INCLUDED HATS, MITTENS, SOCKS, SWEATSHIRT, SNACKS, WATER AND HANDWRITTEN NOTES OF ENCOURAGEMENT FROM THE RESIDENTS. THESE BAGS WERE DONATED TO THE SALVATION ARMY IN BLOOMINGTON. (VALUE: $160) DECEMBER: RESIDENT PARTICIPATED IN A SECRET SANTA GIFT GIVING EVENT BETWEEN EACH OTHER. SINCE THEY WERE UNABLE TO LEAVE THE FACILITY TO SHOP DUE TO THE PANDEMIC, THE STAFF CREATED AN IN-HOUSE STORE WITH ITEMS FROM THE DOLLAR STORE AND DONATIONS. PARTICIPATING RESIDENTS WERE GIVEN COUPONS TO BE USED TO BUY ITEMS AND EACH WEEK THEY COULD PURCHASE ITEMS FOR THEIR SECRET SANTA. (VALUE: $300). 17080547 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 128 0 1 547 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X THE GOODMAN GROUP LLC 9523618000 1107 HAZELTINE BLVD SUITE 200 CHASKA MN 55318 ELAINE BURTON PRESIDENT 1.00 X X 10140 0 0 JENNIE CLARKE DIRECTOR 1.00 X 7640 0 0 THOMAS A EGAN SECRETARY 1.00 X X 7640 0 0 WENDY HARDEN TREASURER 1.00 X X 7640 0 0 JOHN KAIYALETHE DIRECTOR (THRU MARCH 2020) 1.00 X 1910 0 0 ROBERT S SOSKIN DIRECTOR 1.00 X 1910 0 0 DENISE A OLSON DIRECTOR 1.00 X 0 0 0 36880 0 0 0 0 0 0 THE GOODMAN GROUP LLC 1107 HAZELTINE BLVD SUITE 200 CHASKA MN 55318 MANAGEMENT, ACCOUNT, LEGAL, ADMINISTRATI 1760892 JOHN B GOODMAN LIMITED PARTNERSHIP 1107 HAZELTINE BLVD SUITE 200 CHASKA MN 55318 CONSTRUCTION MANAGEMENT AND DEVELOPMENT 501607 SYNERTX 7540 N 19TH AVE UNIT 200 PHOENIX AZ 85021 THERAPY 216128 PREMERE REHABINFINITY REHAB 25117 SW PKWAY AVE SUITE D WILSONVILLE OR 97070 THERAPY 166020 NORTHRIDGE PHARMACY 2824 US HIGHWAY 93 N VICTOR MT 59875 PHARMACY 105500 6 2286833 7207 2294040 RESIDENT SERVICES 623990 14568755 14568755 ANCILLARY SERVICES 623990 7633331 7633331 OTHER OPERATING REVENUE 623990 425210 425210 22627296 8361 8361 234496 -234496 -234496 -234496 24695201 22627296 0 -226135 50400 50400 36880 36880 9431235 8007622 1423613 138821 108280 30541 1076611 839757 236854 693570 540985 152585 1419314 1419314 141560 141560 214479 214479 1515191 976116 539075 372241 23841 348400 379448 18401 361047 1227250 1045379 181871 88740 3648 85092 1252210 1252210 1716029 1716029 454959 454959 FOOD COSTS 801258 801258 0 OTHER 685043 440909 244134 TAXES 493446 493446 0 DRUGS 214690 214690 0 718036 547576 170460 23121411 17080547 6040864 0 2991954 6692104 713684 1245263 90000 47539 80599 182759 201935 63112790 26239095 23176184 36873695 4152331 2574436 0 3112118 2937475 34466569 50605507 1836972 2514453 114736 546179 39365 24283 33292368 48141569 35283441 51226484 X -816872 -620977 -816872 -620977 34466569 50605507 X 1573790 -1377895 X X 0 1 X 1 0 X 90771 54050 21484 2025 2294040 2462370 19671932 20110364 20305772 21191863 22627296 103907227 19762703 20164414 20327256 21193888 24921336 106369597 0 0 0 106369597 4885 3321 1446 28024 8361 46037 4885 3321 1446 28024 8361 46037 19767588 20167735 20328702 21221912 24929697 106415634 0.99960 0.99960 0.00040 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3276310 3276310 46269707 17081155 29188552 10727164 6898157 3829007 2839609 2259783 579826 36873695 INVESTMENT IN NON-PROFIT CORPORATION 2574436 F 2574436 ESCROW DEPOSITS 277983 REPLACEMENT RESERVE ACCOUNT 2609279 TENANT/PATIENT FUNDS HELD IN TRUST 50213 2937475 X PART IV, LINE 2B: PATIENT/TENANT SECURITY DEPOSITS TOTALING $24,283 PART X, LINE 2: THE COMPANY IS EXEMPT FROM TAXATION AS A NONPROFIT ORGANIZATION IN ACCORDANCE WITH 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COMPANY FOLLOWS THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION 740-10 INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE COMPANY HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND THE STATE JURISDICTION WHERE IT OPERATES. THE COMPANY BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE COMPANY'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE COMPANY HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2018. THE COMPANY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX OPEN TAX PERIODS. PART X, LINE 21 PATIENT/TENANT SECURITY DEPOSITS TOTALING $24,283 0 NORTHERN ARIZONA SENIOR LIVING COMMUNITY LLC 1107 HAZELTINE BOULEVARD SUITE 200 CHASKA MN 55318 860906621 501(C)3 25000 N/A N/A PROGRAM SUPPORT ILHC OF STILLWATER LLC 1107 HAZELTINE BOULEVARD SUITE 200 CHASKA MN 55318 815328058 501(C)3 25400 N/A N/A PROGRAM SUPPORT 2 0 FORM 990, PART VI, SECTION A, LINE 3 THE GOODMAN GROUP, LLC, AN ENTITY WITH COMMON OWNERSHIP OF THE ORGANIZATION, MANAGES THE ORGANIZATION'S FACILITIES. MANAGEMENT FEES ARE INCURRED PURSUANT TO MANAGEMENT AGREEMENTS. IN ACCORDANCE WITH THE AGREEMENTS, MANAGEMENT FEES RANGE FROM $2,300 PER MONTH TO 6.5% OF GROSS RECEIPTS. THE ORGANIZATION PAYS THE GOODMAN GROUP, LLC AN ACCOUNTING SERVICES FEE. THE ACCOUNTING FEE IS BASED UPON AN ALLOCATION OF THE COSTS OF ACCOUNTANTS, BOOKKEEPERS, PAYROLL TAXES, INSURANCE, THE COST OF DATA PROCESSING, AND OTHER ALLOCABLE COSTS. THE FEE IS CHARGED TO ALL ORGANIZATIONS MANAGED BY THE GOODMAN GROUP, LLC ON A PRO RATA ALLOCATION BASED ON NET REVENUES EARNED. THE ORGANIZATION PAYS THE GOODMAN GROUP, LLC AN IT FEE. THE IT FEE IS BASED UPON AN ALLOCATION OF THE COSTS OF INFORMATION TECHNOLOGY AND RELATED SERVICES. THE FEE IS CHARGED TO ALL ORGANIZATIONS MANAGED BY THE GOODMAN GROUP, LLC ON A PRO RATA ALLOCATION BASED ON COMPUTER UNITS. THE GOODMAN GROUP, LLC ALSO PROVIDES LEGAL SERVICES, WHICH ARE CHARGED TO THE ORGANIZATION ON A PER HOUR BASIS BASED ON ACTUAL COSTS INCURRED. FORM 990, PART VI, SECTION A, LINE 8B NO INDIVIDUAL COMMITTEE CREATED BY THE BOARD HAS THE BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. IT IS THEN REVIEWED BY THE CONTROLLER AND CPAS OF THE MANAGEMENT COMPANY. THE FORM 990 IS GIVEN TO EACH BOARD MEMBER IN ADVANCE OF A SCHEDULED MEETING OF THE BOARD FOR THEIR REVIEW. THERE IS DISCUSSION OF THE FORM 990 AT THE BOARD MEETING WITH THE PREPARERS AND THE MANAGEMENT COMPANY'S REPRESENTATIVE PRIOR TO BOARD APPROVAL OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES OF THE ILHC ENTITIES OWE SUCH ENTITIES A DUTY OF GOOD FAITH LOYALTY. THUS, PERSONS HOLDING SUCH POSITIONS MAY NOT USE THEIR POSITIONS TO PROFIT PERSONALLY OR TO ASSIST OTHERS IN PROFITING IN ANY WAY AT THE EXPENSE OF ANY OF THE ILHC ENTITIES. CONSEQUENTLY, RESPONSIBLE PERSONS ARE REQUIRED TO DISCLOSE ALL CONFLICTS OF INTEREST DISCLOSED PROMPTLY AND FULLY TO THE CHAIR OF THE BOARD AND THE CHIEF EXECUTIVE OFFICER OF ILHC, WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD. IF A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST EXISTS, THE PERSON WITH SUCH CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE AFFAIRS OF ANY ILHC ENTITY IN CONNECTION WITH THE SPECIFIC CONTRACT, TRANSACTION OR RELATIONSHIP THAT FORMS THE BASIS OF SUCH CONFLICT OF INTEREST, EXCEPT AS EXPRESSLY PERMITTED UNDER THIS POLICY. EACH POTENTIAL CONFLICT OF INTEREST MUST BE PRESENTED TO THE BOARD (OR A COMMITTEE DESIGNATED BY THE BOARD) FOR AUTHORIZATION, APPROVAL OR RATIFICATION. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO ILHC. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF ILHC AND THE ADVANCEMENT OF ITS PURPOSE. THE DISCLOSING PERSON SHALL MAKE A PROMPT, FULL AND FRANK DISCLOSURE OF HIS OR HER INTEREST AND SHALL INCLUDE ANY KNOWN, RELEVANT AND MATERIAL FACTS ABOUT THE CONTRACT OR TRANSACTION, INCLUDING ALL AREAS THAT MIGHT REASONABLY BE CONSTRUED TO BE ADVERSE TO ILHC'S INTERESTS OR TO BE BENEFICIAL TO THE DISCLOSING PERSON. THE PERSON WITH THE POTENTIAL CONFLICT OF INTEREST SHALL BE EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION, EXCEPT AS EXPRESSLY REQUESTED BY THE BOARD (OR OTHER DESIGNATED COMMITTEE) AND SUCH PERSON SHALL NOT BE COUNTED IN DETERMINING ANY NECESSARY QUORUM OR APPROVAL FOR ACTION TO BE TAKEN. AFTER DISCLOSURE, TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE PERMITTED TO BE UNDERTAKEN IF A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS, IF APPLICABLE OR THE BOARD HAS DETERMINED THAT THE TERMS OF THE TRANSACTION ARE FAIR AND REASONABLE; AND THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION REVIEWS AND APPROVES COMPENSATION LEVELS ANNUALLY DURING BUDGET REVIEW, INCLUDING PAY LEVELS FOR KEY EMPLOYEES. TO FACILITATE THIS REVIEW, THE ORGANIZATION UTILIZES AN INDEPENDENT MANAGEMENT COMPANY TO RESEARCH AND RECOMMEND PAY LEVELS. THE MANAGEMENT COMPANY HAS OVER 50 YEARS OF EXPERIENCE IN THE SENIOR HOUSING AND PROPERTY MANAGEMENT INDUSTRY WITH NUMEROUS RESOURCES TO INDEX. KEY EMPLOYEES WOULD INCLUDE EXECUTIVE DIRECTORS AND LEADERSHIP AT THE WHOLLY OWNED ENTITIES OF THE ORGANIZATION, AS WELL AS, RECOMMENDATIONS OF PAY LEVELS FOR MEMBERS AND OFFICERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON EQUITY METHOD OF ACCOUNTING FOR INVESTMENTS IN OUTSIDE PROJECTS -1,377,895. FORM 990, PART XII, LINE 2C THE FINANCIAL STATEMENTS ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE STATEMENTS ARE REVIEWED AND APPROVED BY THE BOARD BEFORE BEING ISSUED. THE PROCESS IS CONSISTENT WITH THE PRIOR YEAR. ILHC OF SIOUX FALLS LLC 1107 HAZELTINE BOULEVARD SUITE 200 CHASKA MN 55318 263697613 SENIOR LIVING SD 6872489 10783475 ILHC INC ILHC OF EAGAN LLC 1107 HAZELTINE BOULEVARD SUITE 200 CHASKA MN 55318 262956952 SENIOR LIVING MN 8544609 13430007 ILHC INC ILHC OF HAMILTON LLC 1107 HAZELTINE BOULEVARD SUITE 200 CHASKA MN 55318 271387039 SENIOR LIVING MT 4730420 4052814 ILHC INC ILHC OF STILLWATER LLC 1107 HAZELTINE BOULEVARD SUITE 200 CHASKA MN 55318 815328058 SENIOR LIVING MN 3778684 37121790 SEE PART VII FLAGSTAFF TRANSITIONAL CARE LLC 1107 HAZELTINE BOULEVARD SUITE 200 CHASKA MN 55318 845138865 SENIOR LIVING AZ 2087480 17041852 ILHC INC PART I (4) ILHC OF STILLWATER IS 50% OWNED BY INTERGENERATIONAL LIVING & HEALTH CARE AND 50% BY THE THE GOODMAN FAMILY OPERATING FOUNDATION.