2019-11-04T09:39:56-06:00 2019-03-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 221 W PHILADELPHIA STREET SUITE 200 YORK PA 17401 990 2018-04-01 210633410 THE ESTAUGH TA MEDFORD LEAS ESTA 6096543000 ONE MEDFORD LEAS WAY MEDFORD NJ 080552299 JEREMY M VICKERS CEO 6096543000 2019-10-24 1 KERRI N BOGDA CPA P00760402 7178467000 50.211.1.210 2019-10-24 14:56:43 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F58787FA80410BAE38B710EAF9FCC5760AD3BCDF 2018 2020-01-14 16:20:31Z JEREMY M VICKERS ONE MEDFORD LEAS WAY MEDFORD NJ 080552299 40979998 0 X WWW.MEDFORDLEAS.ORG X 1971 NJ OWN AND OPERATE A CONTINUING CARE RETIREMENT COMMUNITY. 12 12 586 96 0 0 307297 272273 31575989 32095337 3680527 2484117 481006 442317 36044819 35294044 493964 528453 0 0 17452970 17485564 0 0 201412 15045172 15150079 32992106 33164096 3052713 2129948 120036523 123557056 67854405 72068713 52182118 51488343 X TO CREATE AND ADVANCE INDIVIDUAL AND COMMUNITY WELL-BEING FOR PEOPLE AGED 55 YEARS AND OLDER.CONTINUED ON "SCHEDULE O".WE ARE SPONSORED BY THE ESTAUGH, A NOT-FOR-PROFIT CORPORATION FOUNDED IN 1914 BY THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS). WE ARE GUIDED BY QUAKER PRINCIPLES AND HAVE BEEN A LEADER IN QUALITY LIVING SINCE OPENING IN 1971. LIVING AN ACTIVE LIFE AT MEDFORD LEAS IS FURTHER ENRICHED BY OUR COMMITMENT TO QUAKER PRINCIPLES, WHICH ARE FOCUSED ON NURTURING THE PHYSICAL, EMOTIONAL, INTELLECTUAL, SOCIAL AND SPIRITUAL WELL-BEING OF EACH RESIDENT. 0 0 20108313 528453 21835520 INDEPENDENT AND ASSISTED LIVING: MEDFORD LEAS IS A LEADING SENIOR ADULT COMMUNITY SUCCESSFULLY MEETING THE TOTAL LIFESTYLE NEEDS OF ITS RESIDENTS WITH INNOVATIVE AND HIGHLY VALUED PROGRAMS, LIFE ENHANCING AND SUSTAINING SERVICES, TECHNOLOGICAL AND ENVIRONMENTAL ADVANCES, UP TO DATE RESIDENTIAL HOMES AND APARTMENTS AND WELL-EQUIPPED FACILITIES ALL IN HIGHLY DESIRABLE ARBORETUM SETTINGS. MEDFORD LEAS PROVIDES MAINTENANCE-FREE LIVING TO ITS RESIDENTS. PRIMARY SERVICES INCLUDE: HEALTHCARE, DINING, HOUSEKEEPING, LAUNDRY, INTERIOR AND EXTERIOR MAINTENANCE, GROUNDSKEEPING AND SNOW REMOVAL. OTHER SERVICES INCLUDE INDIVIDUALIZED FITNESS, TRANSPORTATION AND A VAST ARRAY OF ACTIVITIES FOR THE RESIDENTS. MEDFORD LEAS IS A COMMUNITY OF APPROXIMATELY 575 RESIDENTS WHO LIVE IN NEARLY 400 HOMES OF VARYING SIZES AND DESIGNS. 8414793 0 9137584 RESIDENT HEALTH CARE: MEDFORD LEAS HAS AN ONSITE OUTPATIENT PRIMARY HEALTH CARE CLINIC. THE ORGANIZATION HAS A FULL TIME MEDICAL DIRECTOR, PHYSICIAN, AND NURSE PRACTITIONER. SERVICES OFFERED TO RESIDENTS INCLUDE AUDIOLOGY, DENTISTRY, PODIATRY, PHARMACY SERVICES, AS WELL AS PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES. IN ADDITION THE FACILITY HAS WELLNESS FACILITIES INCLUDING AN EXERCISE STUDIO, A FITNESS CENTER, AND SWIMMING POOL. THE ORGANIZATION OFFERS VARIED FITNESS, WELLNESS AND AQUATIC PROGRAMS TO ITS RESIDENTS. 1033463 0 1122233 MEDFORD LEAS OFFERS A CARING, SUPPORTIVE APPROACH TO SUB-ACUTE NURSING AND REHABILITATION FOLLOWING A HOSPITALIZATION. OUR TOP-NOTCH MEDICAL TEAM OFFERS SKILLED NURSING SERVICES AS WELL AS SHORT- AND LONG-TERM REHAB, OCCUPATIONAL THERAPY AND MORE - HELPING TO NAVIGATE YOUR PATHWAY BACK TO WELLNESS. AT MEDFORD LEAS, OUR IN-PATIENT TREATMENT PHILOSOPHY IS DESIGNED TO GET YOU HOME AS QUICKLY AS POSSIBLE. WE ASSIST RESIDENTS IN REALIZING THEIR HIGHEST POTENTIAL AND THE TEAM WORKS WITH THE RESIDENTS TO SET AND ACHIEVE REALISTIC GOALS, BOTH FOR THE IMMEDIATE AND LONG-TERM FUTURE. 29556569 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 95 0 586 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X ABBY LOFTUS CFO 6096543005 ONE MEDFORD LEAS WAY MEDFORD NJ 080552299 N CHIYO MORIUCHI PRESIDENT 4.00 X X 0 0 0 PATRICIA MELLER VICE PRESIDENT 4.00 X X 0 0 0 DAVIS HENDERSON VICE PRESIDENT 4.00 X X 0 0 0 HALEY DRISCOLL SECRETARY 4.00 X X 0 0 0 WALTER L EVANS TREASURER 4.00 X X 0 0 0 ANNE MATLACK PRESIDENT (UNTIL 10/2018) 4.00 X X 0 0 0 KATHRYN R DUNLAP VICE PRESIDENT (UNTIL 10/2018) 4.00 X X 0 0 0 FERRILL ALDERFER TRUSTEE 4.00 X 0 0 0 C MILLER BIDDLE MD TRUSTEE 4.00 X 0 0 0 MARLENE E HALL TRUSTEE 4.00 X 0 0 0 MARIANNE JOHNSTON ESQ TRUSTEE 4.00 X 0 0 0 FRANCIS MELROY TRUSTEE 4.00 X 0 0 0 NAOJI MORIUCHI TRUSTEE 4.00 X 0 0 0 THOMAS RUSSELL TRUSTEE 4.00 X 0 0 0 LAURENCE VAN METER TRUSTEE (UNTIL 10/2018) 4.00 X 0 0 0 JEREMY M VICKERS CHIEF EXECUTIVE OFFICER/ASST. SECRETARY 40.00 1.00 X 299601 0 31077 ABBY M LOFTUS CHIEF FINANCIAL OFFICER 40.00 1.00 X 177899 0 13264 TIMOTHY MURPHY DIREC. OF OPER. (UNTIL 10/16/18) 40.00 X 133736 0 2243 ANDREA IANNUZZELLI MEDICAL DIRECTOR 40.00 X 235184 0 18634 JAMES D'AMICO PHYSICIAN 40.00 X 216024 0 7611 FLORDELIZA L ALPAJORA RN, STAFF NURSE 40.00 X 128085 0 14836 LISA A HEINKEL HEALTH SERVICES DIRECTOR 40.00 X 127765 0 4705 MARIE L COX HUMAN RESOURCES DIRECTOR 40.00 X 127165 0 11616 RUSSELL W PEPE INFORMATION TECHNOLOGY MANAGER 40.00 X 113311 0 22960 1558770 0 126946 14 0 1 0 J NASTASI CONSTRUCTION GROUP 6 ENTERPRISE COURT SEWELL NJ 08080 CONSTRUCTION SERVICES 6460572 LIBERTY BUILDERS COMPANY 316 RIDGE ROAD SOUTHAMPTON NJ 08088 CONSTRUCTION SERVICES 2102181 C & C CONSTRUCTION MGMT INC 10063 SANDMEYER LANE PHILADELPHIA PA 19116 CONSTRUCTION SERVICES 964340 HAWKS & COMPANY 1000 DELSEA DRIVE BLDG A-1 WESTVILLE NJ 08093 HVAC INSTALLATION 828729 SELECT REHABILITATION LLC PO BOX 71985 CHICAGO IL 60694 THERAPY SERVICES 607125 16 67885 204388 15852 272273 RESIDENT SERVICES 623000 32095337 32095337 32095337 2462058 2462058 59852 18008 41844 41844 41844 5664894 5639154 3681 25740 -3681 22059 22059 29664 67885 25111 4553 4553 COFFEE SHOP REVENUE 900099 141782 141782 TV AND INTERNET 623000 130321 130321 EMPLOYEE & GUEST CATER 900099 90804 90804 33013 33013 395920 35294044 32095337 0 2926434 528453 528453 777996 668689 100771 8536 13150905 11303220 1703388 144297 318019 273338 41192 3489 2247379 1931626 291094 24659 991265 851993 128395 10877 25092 25092 57000 57000 999 999 48307 48307 2536919 2312425 224494 187456 187456 786352 643078 142217 1057 76602 9697 66905 1284839 1284839 51495 45486 5703 306 19245 19245 5106814 5002761 103634 419 316877 316877 PHARMACY & MED. EXP. 1783089 1783089 FOOD COSTS/DINING 1577828 1577828 REPAIRS AND MAINTENANCE 622683 621719 964 MEDICAL PAYMENTS 197614 197614 470868 184592 278504 7772 33164096 29556569 3406115 201412 653912 432455 2608351 544756 1757999 1260620 980336 1194723 63176 43387 111125 166744 436438 413213 116438803 54845063 53730353 61593740 56428258 54969538 2906970 2563089 359605 374791 120036523 123557056 2316566 3577369 36197492 37210695 29340347 31280649 67854405 72068713 X 36750649 37283935 12515160 11541705 2916309 2662703 52182118 51488343 120036523 123557056 X 2129948 -2479842 -343881 X 0 1 X 1 0 X 1333766 428291 535393 307297 204388 2809135 30844535 30482087 31364327 31211699 32095337 155997985 32178301 30910378 31899720 31518996 32299725 158807120 0 0 0 158807120 1620391 1742061 1715874 1961235 2521910 9561471 1620391 1742061 1715874 1961235 2521910 9561471 419033 417495 382389 443929 489788 2152634 34217725 33069934 33997983 33924160 35311423 170521225 0.93130 0.93740 0.05610 0.05000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: ALL OTHER REVENUE - 2014 AMOUNT: $ 2,298. 2015 AMOUNT: $ 14,322. 2016 AMOUNT: $ 1,731. 2017 AMOUNT: $ 37,935. 2018 AMOUNT: $ 11,413. ACTIVITY FEES - 2014 AMOUNT: $ 5,106. 2015 AMOUNT: $ 4,352. 2016 AMOUNT: $ 7,063. 2017 AMOUNT: $ 6,755. 2018 AMOUNT: $ 5,810. CARPORT CHARGES - 2014 AMOUNT: $ 8,395. 2015 AMOUNT: $ 9,063. 2016 AMOUNT: $ 8,964. 2017 AMOUNT: $ 8,370. 2018 AMOUNT: $ 6,864. COFFEE SHOP REVENUE - 2014 AMOUNT: $ 162,119. 2015 AMOUNT: $ 143,570. 2016 AMOUNT: $ 135,486. 2017 AMOUNT: $ 137,430. 2018 AMOUNT: $ 141,782. EMPLOYEE GUEST CATERING - 2014 AMOUNT: $ 44,923. 2015 AMOUNT: $ 42,469. 2016 AMOUNT: $ 42,056. 2017 AMOUNT: $ 86,493. 2018 AMOUNT: $ 90,804. PATHWAYS INCOME - 2014 AMOUNT: $ 8,064. 2015 AMOUNT: $ 12,140. 2016 AMOUNT: $ 7,748. 2017 AMOUNT: $ 4,410. 2018 AMOUNT: $ 5,245. SPECIAL EVENTS - 2014 AMOUNT: $ 37,265. 2015 AMOUNT: $ 36,495. 2016 AMOUNT: $ 30,790. 2017 AMOUNT: $ 27,455. 2018 AMOUNT: $ 97,549. TV INTERNET RESIDENT CHARGES - 2014 AMOUNT: $ 150,863. 2015 AMOUNT: $ 155,084. 2016 AMOUNT: $ 148,551. 2017 AMOUNT: $ 135,081. 2018 AMOUNT: $ 130,321. 0 0 0 0 0 0 0 0 1 999 999 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO THE STATE (LEADINGAGE, NJ) ASSOCIATION OF HOMES AND SERVICES FOR THE AGING. A PORTION OF THE DUES ARE USED FOR LOBBYING PURPOSES. THE $999 REPORTED AS LOBBYING EXPENDITURES IS THE PORTION OF THE DUES THAT WERE USED FOR LOBBYING PURPOSES BY LEADINGAGE, NJ. 15431469 297487 -398981 528453 597114 14204408 15070478 322422 1108088 493964 575555 15431469 15056957 350236 1130772 1467487 15070478 16379407 422952 -469496 1275906 15056957 15994530 1349957 340121 1305201 16379407 0.00000 0.19000 0.81000 0 0 2897712 2897712 95274117 50143084 45131033 7412143 3715599 3696544 10854831 986380 9868451 61593740 REFUNDABLE MEMBERSHIP FEE 2262500 ADVANCE DEPOSITS 176700 FEE RESERVES 27857753 REFUNDS PAYABLE 983696 31280649 31936680 -2479842 -920641 -3400483 35337163 -43119 -43119 35294044 32630455 43119 43119 32587336 576760 576760 33164096 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED IN ACCORDANCE WITH DONOR RESTRICTIONS FOR CAPITAL PROJECTS, CONTINUING OPERATIONS, AND NURSING SCHOLARSHIPS. PART XI, LINE 2D - OTHER ADJUSTMENTS: VALUATION LOSSES ON SPLIT INTEREST AGREEMENTS -85,014. VALUATION LOSSES, BENEFICIAL INTEREST IN PERPETUAL TRUSTS -258,867. BENEVOLENT CARE GRANT EXPENSE NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS -528,453. INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS -48,307. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -18,008. FUNDRAISING EXPENSES -25,111. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 18,008. FUNDRAISING EXPENSES 25,111. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE GRANT EXPENSE NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 528,453. INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 48,307. ARBORETUM GALA 44283 26437 17846 925 6660 2343 GOLF OUTING 53266 41448 11818 11932 3251 97549 67885 29664 12857 6660 5594 25111 4553 1 FINANCIAL ASSISTANCE TO RESIDENTS 23 528453 0 N/A N/A PART I, LINE 2: RESIDENTS DEMONSTRATING FINANCIAL NEED ARE ELIGIBLE TO RECEIVE MONTHLY SUBSIDIES FROM THE ESTAUGH T/A MEDFORD LEAS. THE ESTAUGH PROVIDES FINANCIAL ASSISTANCE THROUGH DONOR FUNDS SPECIFICALLY RESTRICTED FOR THAT PURPOSE. THE POLICY SETS OUT THAT THE BOARD FINANCE COMMITTEE IS RESPONSIBLE FOR RECOMMENDING TO THE BOARD ANY CHANGES TO THE POLICIES AND CRITERIA FOR DISTRIBUTIONS, AND ALSO NOTES THAT ONGOING ADMINISTRATION OF THE PROGRAM IS THE RESPONSIBILITY OF THE CEO, WHO MAY DELEGATE APPROVING THE AMOUNT OF ASSISTANCE AND MAKING REGULAR REPORTS REGARDING THE PROGRAM TO THE BOARD FINANCE COMMITTEE. FURTHER, THE POLICY SETS OUT CRITERIA FOR ELIGIBILITY TO INCLUDE (BUT NOT LIMITED TO) QUALIFICATION AS A RESIDENCE AND CARE AGREEMENT RESIDENT, ASSET LIMITS ESTABLISHED BY THE BOARD, AND NO HISTORY OF EXCESSIVE SPENDING HABITS OR EXCESSIVE GIFTS OF ASSETS SINCE BEING APPROVED AS A RESIDENT OF MEDFORD LEAS. X X X X X 1 0 0 0 0 0 0 1 0 JEREMY M VICKERS CHIEF EXECUTIVE OFFICER/ASST. SECRET 241657 0 57944 0 0 0 8100 0 22977 0 330678 0 0 0 ABBY M LOFTUS CHIEF FINANCIAL OFFICER 176899 0 1000 0 0 0 5195 0 8069 0 191163 0 0 0 ANDREA IANNUZZELLI MEDICAL DIRECTOR 234184 0 1000 0 0 0 6833 0 11801 0 253818 0 0 0 JAMES D'AMICO PHYSICIAN 215112 0 912 0 0 0 6342 0 1269 0 223635 0 0 0 PART I, LINE 4A TIMOTHY MURPHY, DIRECTOR OF OPERATIONS, RECEIVED SEVERANCE PAYMENT IN THE AMOUNT OF $22,226 DURING THE CALENDAR YEAR 2018. PART I, LINE 7 THE ORGANIZATION PROVIDES INCENTIVE COMPENSATION TO THE CEO AS WELL AS CERTAIN MANAGEMENT PERSONNEL. THE INCENTIVE COMPENSATION IS BASED UPON THE ATTAINMENT OF SPECIFIC MEASURABLE GOALS IN ALIGNMENT WITH THE OVERALL RESPONSIBILITIES OF THE RECIPIENT. THIS COMPENSATION IS APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS N. CHIYO MORIUCHI AND NAOJI MORIUCHI ARE RELATED. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED IN DETAIL BY BOTH THE CEO AND CFO. THE 990 IS THEN CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE ESTAUGH T/A MEFORD LEAS. IT IS THE RESPONSIBILITY OF ALL INDIVIDUALS TO DISCLOSE ANY CONFLICT OR POSSIBLE CONFLICT IMMEDIATELY. THIS DISCLOSURE IS DOCUMENTED AND RECORDED AS PART OF THE MINUTES OR OTHERWISE IS MADE A MATTER OF RECORD. ANY INDIVIDUAL HAVING A POSSIBLE CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE BOARD'S ACTIONS WITH RESPECT TO THAT INTEREST OR USE HIS/HER PERSONAL INFLUENCE IN THE MATTER. SUCH INDIVIDUAL SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING, EVEN WHEN PERMITTED BY LAW. THE MINUTES WILL REFLECT THAT A DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST WAS MADE, THAT THE AFFECTED BOARD MEMBER DID NOT PARTICIPATE IN THE BOARD'S ACTION AND THAT A QUORUM OF THE BOARD WAS PRESENT FOR THE ACTION WITHOUT COUNTING THE AFFECTED BOARD MEMBER. THIS RESOLUTION WILL BE RE-AFFIRMED EACH YEAR AT THE ANNUAL MEETING OF THE BOARD. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. THE CEO REVIEWS THE ANNUAL STATEMENTS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY BY THE BOARD CHAIR OR THE CHAIR OF THE COMMITTEE ON WHICH THE CONFLICT IS RAISED. FORM 990, PART VI, SECTION B, LINE 15 THE LEADERSHIP DEVELOPMENT COMMITTEE PERFORMS THE ANNUAL REVIEW AND APPROVES THE COMPENSATION OF THE CEO. THE LEADERSHIP DEVELOPMENT COMMITTEE USES SURVEYS (AND CONSULTANTS, IF NECESSARY) TO DETERMINE A REASONABLE AND COMPETITIVE SALARY AND BENEFITS FOR THE CEO. AS MENTIONED BELOW WITH REGARD TO OTHERS ON THE EXECUTIVE TEAM, IT IS THE RESPONSIBILTY OF THE FINANCE COMMITTEE OF THE BOARD TO REVIEW AND RECOMMEND FOR APPROVAL BY THE FULL BOARD THE AMOUNTS, TYPES, AND SALARY RANGES APPLICABLE TO EACH JOB DESCRIPTION. THE TITLES INCLUDED IN THIS CATEGORY ARE: MEDICAL DIRECTOR AND ALL ORGANIZATIONAL LEADERS DIRECTLY REPORTING TO THE CHIEF EXECUTIVE OFFICER. THE RANGE OF TOTAL COMPENSATION LEVELS FOR EACH INDIVIDUAL POSITION IS INTENDED TO REFLECT THE SCOPE OF ORGANIZATIONAL RESPONSIBILITY, SPECIALIZED KNOWLEDGE AND EXPERIENCE REQUIRED BY THE POSITION DESCRIPTION. THE FINANCE COMMITEE, TOGETHER WITH THE DIRECTOR OF HUMAN RESOURCES, WILL CONDUCT A SURVEY OF EXECUTIVE COMPENSATION OF MEDFORD LEAS' COMPARISON GROUP EVERY THREE YEARS TO DETERMINE REASONABLE AND COMPETITIVE COMPENSATION FOR EXECUTIVE MANAGMENT POSITIONS, AND MAY ENGAGE A CONSULTANT TO ASSIST IN THE PROCESS. IT IS EXPECTED THAT EACH PERIODIC UPDATE WILL RESULT IN A NORMAL PROGRESSION OF COMPENSATION LEVELS. THE SURVEY MAY OCCUR MORE FREQUENTLY IF COMPENSATION TRENDS AND RECRUITMENT AREAS OR INDUSTRIES CHANGE SIGNIFICANTLY IN PREPARATION FOR CONDUCTING THE SURVEY, THE TOTAL COMPENSATION FOR EACH EXECUTIVE POSITION WILL BE DEFINED. THE FINANCE COMMITTEE, IN CONCERT WITH THE DIRECTOR OF HUMAN RESOURCES, WILL DETERMINE AND RECOMMEND TO THE BOARD THE REASONABLE AND COMPETITIVE COMPENSATION RANGES FOR EXECUTIVE MANAGEMENT POSITIONS BASED ON SURVEY RESULTS. IF IT IS DETERMINED THAT EXECUTIVE MANAGEMENT COMPENSATION IS NOT REASONABLE AND COMPETITIVE, THE FINANCE COMMITTEE WILL RECOMMEND AN ACTION PLAN TO THE BOARD TO ACHIEVE REASONABLE AND COMPETITIVE COMPENSATION. THE COMMITTEE WILL CONSULT WITH THE DIRECTOR OF HUMAN RESOURCES AND CHIEF FINANCIAL OFFICER TO DETERMINE THE APPROPRIATE TIMELINE FOR ANY SUCH ACTION PLAN BASED ON ORGANIZATION FINANCIAL CONSTRAINTS. INCENTIVE COMPENSATION WILL BE BASED ON ATTAINMENT OF SPECIFIC MEASURABLE GOALS IN ALIGNMENT WITH THE OVERALL RESPONSIBILITIES OF THE RECIPIENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE THE FOLLOWING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST: GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS), CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND PUBLIC DISCLOSURE COPY OF THE FORM 990. FORM 990, PART XI, LINE 9: VALUATION LOSSES, SPLIT INTEREST AGREEMENTS -85,014. VALUATION LOSSES, BENEFICIAL INTEREST IN PERPETUAL TRUSTS -258,867. ML HOUSING LLC ONE MEDFORD LEAS WAY MEDFORD NJ 08055 205009139 SOLAR ENERGY NJ THE ESTAUGH TA MEDFORD LEAS C -5184 4022 1.00000 1 BENEFICIAL INTEREST OF 5 PERPETUAL TRUSTS ONE MEDFORD LEAS WAY MEDFORD NJ 08055 INVESTMENT NJ N/A T 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 ML HOUSING LLC D 58590 CASH VALUE