2014-08-06T06:44:19-05:00 2013-12-31 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2013-01-01 562277623 GALLOWAY RIDGE INC GALL 9195452215 3000 GALLOWAY RIDGE PITTSBORO NC 27312 LIDA COLEMAN TREASURER 9195452215 2014-08-06 1 JEREMY NAESS P01306905 8282542254 2013 2015-11-30 17:44:51Z DALE OLBRICH 3000 GALLOWAY RIDGE PITTSBORO NC 27312 22715199 0 X WWW.GALLOWAYRIDGE.COM X 2001 NC OPERATION OF CONTINUING CARE RETIREMENT COMMUNITY 16 16 448 205 0 0 194438 375390 20962036 22060908 41551 38335 294988 240566 21493013 22715199 11000 0 0 0 8842853 9999835 0 0 0 14897142 17013262 23750995 27013097 -2257982 -4297898 152513609 145467605 174344023 177817282 -21830414 -32349677 X THE MISSION OF GALLOWAY RIDGE IS TO PROVIDE EACH RESIDENT WITH A SUPERIOR QUALITY OF LIFE AND CARE. 0 0 22385606 22060908 GALLOWAY RIDGE, INC. PROVIDED HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RESIDENT FACILITY CONTAINING 301 INDEPENDENT LIVING UNITS, 36 ASSISTED LIVING UNITS, 15 MEMORY CARE UNITS AND 40 SKILLED NURSING UNITS. GALLOWAY RIDGE WELCOMED ITS FIRST RESIDENTS IN 2005 WITH A MISSION OF PROVIDING ITS RESIDENTS SUPERIOR SERVICES AT A REASONABLE COST AND STRIVING TO PROVIDE A COMPLEMENT OF SERVICES TO SUPPORT THE RESIDENT'S HEALTH, SOCIAL, SPIRITUAL AND RECREATIONAL NEEDS. SINCE INCEPTION, GALLOWAY RIDGE HAS PAID PROPERTY TAXES TO CHATHAM COUNTY IN A TOTAL AMOUNT EQUAL TO $4,022,556, $658,439 OF WHICH WAS PAID MOST RECENTLY IN 2013. IN ADDITION TO PAYING PROPERTY TAXES, GALLOWAY RIDGE HAS CONSISTENTLY ENGAGED IN A VARIETY OF OTHER CHARITABLE EFFORTS AND CONTRIBUTIONS. IN 2013, GALLOWAY RIDGE ASSISTED RESIDENTS WHO COULD NOT PAY THEIR MONTHLY SERVICE FEE ($61,585), MADE CASH DONATIONS TO LOCAL NONPROFITS ($50,000), AND PROVIDED FITNESS MEMBERSHIPS TO ITS EMPLOYEES ($233,244).SOON AFTER OPENING, IN 2006, THE GALLOWAY RIDGE CHARITABLE FUND WAS ESTABLISHED AT THE RECOMMENDATION OF THE BOARD OF DIRECTORS' SOCIAL ACCOUNTABILITY COMMITTEE, A STANDING COMMITTEE OF THE BOARD. THE CHARITABLE FUND WAS ORGANIZED AND CONTINUES TO OPERATE FOR THE FOLLOWING PURPOSES:(A) TO CARRY OUT THE MISSION OF GALLOWAY RIDGE AS STATED IN THE GALLOWAY RIDGE BYLAWS.(B) TO PROVIDE OR FUND "CHARITY CARE," DEFINED AS THE UNREIMBURSED COSTS TO GALLOWAY RIDGE OF PROVIDING HEALTHCARE, HOUSING OR OTHER SERVICES TO RESIDENTS WHO ARE UNABLE TO PAY FOR ALL OR PART OF THE SERVICES RENDERED.(C) TO PROVIDE OR FUND "COMMUNITY BENEFITS," DEFINED AS THE UNREIMBURSED COSTS TO GALLOWAY RIDGE OF PROVIDING THE FOLLOWING:I. SERVICES, INCLUDING HEALTH, RECREATION, COMMUNITY RESEARCH, AND EDUCATION ACTIVITIES PROVIDED TO THE COMMUNITY AT LARGE, INCLUDING THE ELDERLY.II. CHARITABLE DONATIONS.III. DONATED VOLUNTEER SERVICES.IV. DONATIONS AND VOLUNTARY PAYMENTS TO GOVERNMENT AGENCIES.(D) TO SOLICIT, RECEIVE, ADMINISTER, INVEST AND DISTRIBUTE FUNDS FOR THE PURPOSES LISTED ABOVE.CONTRIBUTIONS TO THE GALLOWAY RIDGE CHARITABLE FUND MAY BE DESIGNATED THESE PURPOSES: I) SUPPORT FOR GALLOWAY RIDGE RESIDENTS WHO MAY NEED ASSISTANCE WITH FEES IN THE FUTURE BECAUSE OF DIFFICULT FINANCIAL CIRCUMSTANCES; II) SUPPORT OF THE CHATHAM COMMUNITY; GALLOWAY RIDGE AND ITS RESIDENTS HAVE FOSTERED AND ESTABLISHED RELATIONSHIPS WITH NUMEROUS AGENCIES AND ORGANIZATIONS THROUGHOUT THE COMMUNITY INCLUDING THE FOLLOWING:BRIAN CHAPEL CONSULTING, MEALS ON WHEELS, EUCHARISTIC MINISTER,CHAPEL IN THE PINES, NORTH CHATHAM SCHOOL, HABITAT HOME STORE,CHATHAM COUNTY DEMOCRATICS, READING PROGRAM @ PITTSBORO ELEMENTARY,CHATHAM COUNTY HUMAN RELATIONS COMMISSION, SECOND BLOOM THRIFT STORE,CHATHAM HOUSING COALITION, ST. BARTHOLOMEW'S, FHA OFFICE,CHATHAM OUTREACH ALLIANCE FOOD PANTRY, ST. JULIA CHURCH,COMMUNITY EDUCATION FOUNDATION, ST. THOMAS MORE CHURCH,COMMUNITY INDEPENDENT SCHOOL, TUTORING AT SCROGGS SCHOOL,COMMUNITY KITCHEN CHAPEL HILL, UNC HOSPITAL/HOSPICE VOLUNTEER,CONTINUING CARE COMMUNITY RESIDENTS, UNC LIBRARY,CORNUCOPIA HOUSE, UNC TOUR, FEARRINGTON CARES,DEEP RIVER MEDIATION, UNITED METHODIST RETIREMENT HOME FOUNDATION,DUKE UNIVERSITY HEART CENTER, UNITED WAY, VILLAGE VOICES,DUKE UNIVERSITY HOSPITAL VOLUNTEER VISITOR, UNIVERSITY UNITED METHODIST CHURCH,ENGLISH AS A SECOND LANGUAGE TUTOR, MCDOUGAL ELEMENTARY SCHOOL LIBRARY,FEARRINGTON HOUSE, FEARRINGTON WOMAN'S CLUB,IN 2013, GALLOWAY RIDGE NOT ONLY SUPPORTED THE ABOVE MENTIONED ORGANIZATIONS BY FOSTERING AN ENVIRONMENT THAT SUPPORTED AND ENCOURAGED ITS RESIDENTS AND EMPLOYEES TO VOLUNTEER, IT ALSO MADE THE FOLLOWING CASH COMMITMENTS:O BYNUM FRONT PORCH ($1,000)O CCCC FOUNDATION ($5,000)O CHATHAM CARES COMMUNITY PHARMACY ($3,000)O CHATHAM COUNTY LITERACY COUNCIL ($2,000)O CHATHAM COUNTY SCHOOLS - CAUSE CAMP ($7,000)O CHATHAM SOCCER LEAGUE ($3,000)O CHATHAM OUTREACH ALLIANCE DBA CORA FOOD PANTRY ($5,000)O EL FUTURO ($5,000)O FAMILY VIOLENCE AND RAPE CRISIS CENTER ($7,500)O HISPANIC LIAISON ($5,000)O NORTHWOOD HIGH SCHOOL ($1,500) O WEST CHATHAM FOOD PANTRY ($5,000) 22385606 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 46 0 1 448 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROBERT ZIMMER 9195452608 3000 GALLOWAY RIDGE PITTSBORO NC 27312 EDMUND DALE OLBRICH PRESIDENT AND CHAIRMAN 5.00 X X 0 0 0 BILL BROWDER VICE CHAIRMAN 5.00 X X 0 0 0 DAVIE NYCUM SECRETARY 5.00 X X 0 0 0 LIDA COLEMAN TREASURER 5.00 X X 0 0 0 JAMES ANDERSON BOARD MEMBER 1.00 X 0 0 0 PEGI BRADY BOARD MEMBER 1.00 X 0 0 0 DICK CRAFTS BOARD MEMBER 1.00 X 0 0 0 LYNDA BROWER-ISABEL BOARD MEMBER 1.00 X 0 0 0 PAM HERNDON BOARD MEMBER 1.00 X 0 0 0 RICHARD KAHLER BOARD MEMBER 1.00 X 0 0 0 RUTH KATZ BOARD MEMBER 1.00 X 0 0 0 JIM MILLER BOARD MEMBER 1.00 X 0 0 0 LEE PAVAO BOARD MEMBER 1.00 X 0 0 0 JAMES ROUSE BOARD MEMBER 1.00 X 0 0 0 JOHN ZAREMBA BOARD MEMBER 1.00 X 0 0 0 RALPH YOUNG BOARD MEMBER 1.00 X 0 0 0 HEATHER BACHMAN RUSNAK EXECUTIVE DIRECTOR 50.00 X 0 0 0 ROBERT ZIMMER CFO 50.00 X 118110 0 13641 118110 0 13641 1 0 0 0 REHAB CARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 CONTRACT THERAPY SERVICES 927369 CRSALCS MANAGEMENT LLC 400 LOCUST ST STE 820 DES MOINES IA 50309 MANAGEMENT COMPANY 854521 BURTON'S SERVICES PO BOX 321 MOCKSVILLE NC 27028 FIREPROOFING 329340 BLAND LANCSCAPING PO BOX 727 APEX NC 27505 LANDSCAPING 320356 PAINTING ENTERPRISE 50 KENTVIEW PITTSBORO NC 27312 PAINTING 140459 6 375390 375390 RESIDENT SERVICES 623000 22060908 22060908 22060908 38335 38335 66068 0 66068 66068 66068 DINING INCOME 900099 153047 153047 MISCELLANEOUS INCOME 900099 21451 21451 174498 22715199 22060908 0 278901 7821720 6405255 1416465 56289 56289 1462078 13680 1448398 659748 465522 194226 480000 480000 142644 142644 93841 93841 1106494 785657 320837 317621 22268 295353 999370 906131 93239 35117 6417 28700 2086553 2086553 63593 9784 53809 24527 5692 18835 4058529 4058529 4987857 4987857 324619 324619 MEDICAL SUPPLIES 1134970 1134970 DIETARY EXPENSE 1043535 1043535 MISCELLANEOUS 87573 46429 41144 ROUTINE UNIT TURNOVER 26419 26419 27013097 22385606 4627491 0 1763224 3568529 11972566 5810586 428848 456827 1983863 3027160 55388 67492 388245 387487 138590958 27322800 113576126 111268158 10433655 8790047 11911694 12091319 152513609 145467605 2785366 3005558 83548459 97221489 81904201 74793758 6105997 2796477 174344023 177817282 X -22368999 -32979794 538585 630117 -21830414 -32349677 152513609 145467605 -4297898 -6221365 0 X X 0 0 0 X 129035 245423 156549 194438 375390 1100835 17944731 19092296 19204552 20962036 22060908 99264523 85795 94882 142084 153047 475808 18073766 19423514 19455983 21298558 22589345 100841166 234909 166826 8780 9550 388367 808432 0 234909 166826 8780 9550 388367 808432 100032734 188974 97794 106768 108757 104403 606696 188974 97794 106768 108757 104403 606696 53933 35839 8863 88336 21451 208422 18316673 19557147 19571614 21495651 22715199 101656284 0.98400 0.98060 0.00600 0.00630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4934777 4934777 109924085 21718195 88205890 772386 152604 619782 7994309 1579471 6414838 14965401 3872530 11092871 111268158 RESERVE REQUIRED BY STATE STATUTE 5000000 DEFERRED FINANCING COSTS 2376327 DEFERRED MARKETING COSTS 3967191 SALES TAX RECEIVABLE 117685 CHARITABLE FUND 630116 12091319 REFUNDABLE ENTRANCE FEES 2380477 REFUNDABLE PARKING DEPOSITS 416000 2796477 X 23070635 355436 355436 22715199 0 22715199 27368533 355436 355436 27013097 0 27013097 PART X, LINE 2: THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE COMPANY HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFIT OR OBLIGATION AS OF DECEMBER 31, 2013. THE COMPANY BELIEVES IT'S NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENDITURES IN REVENUE 355,436. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENDITURES IN REVENUE 355,436. 0 CCCC FOUNDATION 1105 KELLY DRIVE SANFORD NC 27330 561644218 501(C)(3) 5000 OPERATIONS CHATHAM COUNTY SCHOOLS PO BOX 128 PITTSBORO NC 27312 566001006 GOVT 7000 OPERATIONS CHATHAM OUTREACH ALLIANCE PO BOX 1326 PITTSBORO NC 27312 561668767 501(C)(3) 5000 OPERATIONS EL FUTURO 136 E CHAPEL HILL STR DURHAM NC 27701 800122334 501(C)(3) 5000 OPERATIONS FVRC PO BOX 1105 PITTSBORO NC 27312 561345420 501(C)(3) 7500 OPERATIONS HISPANIC LIASON 105 E 2ND STREET SILER CITY NC 27344 561974043 501(C)(3) 5000 OPERATIONS WEST CHATHAM FOOD PANTRY 126 VILLAGE LAKE ROAD SILER CITY NC 27344 510634273 501(C)(3) 5000 OPERATIONS A NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65820YJJ6 2010-10-21 75989731 SEE PART VI 0 0 0 B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2010-10-21 19930000 SEE PART VI 0 0 0 A 76022811 8230688 2396890 1454692 1157571 26423121 38755000 559359 2012 0 0 0 1 B 19930000 19930000 558593 398600 1258461 17714346 2012 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 0 B 0 SCHEDULE K, PART I, LINE A, COLUMN F, DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2010A AND 2010B BONDS ARE BEING USED TO CONSTRUCT THE EXPANSION OF 67 INDEPENDENT LIVING UNITS (66 INDEPENDENT LIVING APARTMENTS AND 1 INDEPENDENT LIVING VILLA), 29 ASSISTED LIVING UNITS, OF WHICH 15 ARE DESIGNATED FOR DEMENTIA CARE, AND 24 SKILLED NURSING UNITS, AS WELL AS ADDITIONAL AND RENOVATED SUPPORTIVE COMMON AREAS OF THE PROJECT. ADDITIONALLY, PROCEEDS FROM THE 2010A AND 2010B BONDS WERE USED TO PAY A PORTION OF THE OUTSTANDING LOANS FROM THE BANK OF SCOTLAND AND TO FUND CERTAIN DEBT SERVICE RESERVES AND OTHER COSTS ASSOCIATED WITH ISSUANCE OF THE 2010A AND 2010B BONDS. THE SERIES 2010A BONDS WERE ISSUED AT A DISCOUNT OF $190,269. SCHEDULE K, PART I, LINE B, COLUMN F, DESCRIPTION OF PURPOSE: IN OCTOBER 2010, THE ORGANIZATION ISSUED $19,930,000 RETIREMENT FACILITIES FIRST MORTGAGE REVENUE BONDS (GALLOWAY RIDGE PROJECT) SERIES 2010C AS A BANK QUALIFIED LOAN THROUGH THE NORTH CAROLINA MEDICAL CARE COMMISSION. THIS LOAN IS DRAWN UPON AS NEEDED BY THE COMPANY. PROCEEDS WERE USED TO PAY A PORTION OF THE OUTSTANDING LOANS FROM THE BANK OF SCOTLAND, REIMBURSE THE COMPANY FOR COSTS INCURRED FOR PHASE II CONSTRUCTION AND PAY OTHER COSTS ASSOCIATED WITH ISSUANCE OF THE 2010C BONDS. SCHEDULE K, PART II, LINE 3, TOTAL PROCEEDS: THE AMOUNT OF TOTAL PROCEEDS PRESENTED ON LINE 3 FOR BOND [A] INCLUDES EARNINGS ON INVESTMENTS AS FOLLOWS: PROCEEDS FROM ISSUANCE (NET OF DISCOUNT): $ 75,989,731 INVESTMENT EARNINGS TO DATE: 32,254 TOTAL TO LINE 3: $ 76,021,985 SCHEDULE K, PART II, LINE 11, OTHER SPENT PROCEEDS: THE AMOUNT ON PART II, LINE 11 FOR BOND [A] REPRESENTS AMOUNTS USED TO CURRENTLY REFUND A CONSTRUCTION LOAN RELATED TO THE 2010 PROJECT THAT IS NOT CLASSIFIED AS A TAX-EXEMPT BOND ISSUE. SCHEDULE K, PART II, LINE 12, OTHER UNSPENT PROCEEDS: THE AMOUNT ON PART II, LINE 12 FOR BOND [B] REPRESENTS AMOUNTS NOT YET DRAWN DOWN FROM THE ORIGINAL AGREED ISSUANCE PRICE. THESE FUNDS ARE NOT HELD BY THE ORGANIZATION UNTIL SUCH TIME AS IT REQUISITIONS THEM FOR CONSTRUCTION REIMBURSEMENT. FORM 990, PART VI, SECTION A, LINE 1 THE PRIMARY FUNCTION OF THE EXECUTIVE COMMITTEE WILL BE TO EXECUTE THE POLICIES PRESCRIBED BY THE BOARD AND CARRY OUT THE RESPONSIBILITIES ASSIGNED TO IT BY THE BOARD AND THESE BYLAWS, INCLUDING, WITHOUT LIMITATION, CONDUCTING STRATEGIC PLANNING FOR THE CORPORATION, ESTABLISHING CRITERIA TO EVALUATE THE EXECUTIVE DIRECTION AND OTHER OFFICERS AND EMPLOYEES OF THE CORPORATION, AND OVERSEEING RELATIONSHIPS WITH THE CORPORATION'S OUTSIDE SERVICE PROVIDERS. THE BOARD MANAGEMENT COMMITTEE WILL ALSO BE RESPONSIBLE FOR REVIEWING AND MAKING RECOMMENDATIONS REGARDING CONFLICTS OF INTEREST OF DIRECTORS, OFFICERS, EMPLOYEES AND INDEPENDENT CONTRACTORS AND THEIR EMPLOYEES ASSOCIATED WITH THE CORPORATION. DURING THE INTERVALS BETWEEN THE MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE WILL HAVE AND EXERCISE ALL OF THE POWERS OF THE BOARD THAT MAY BE LAWFULLY DELEGATED IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION. THE EXECUTIVE COMMITTEE WILL BE COMPRISED OF THE FOLLOWING: (1) SUCH OFFICERS OF THE CORPORATION AS MAY HOLD OFFICE FROM TIME TO TIME; (2) THE CHAIRPERSONS OF SUCH COMMITTEES OF THE CORPORATION AS MAY EXIST FROM TIME TO TIME; AND (3) SUCH OTHER DIRECTORS AS MAY BE NOMINATED BY THE PRESIDENT AND APPOINTED BY THE BOARD FROM TIME TO TIME. THE PRESIDENT OF THE CORPORATION WILL BE THE CHAIRPERSON OF THE EXECUTIVE COMMITTEE. EACH MEMBER OF THE EXECUTIVE COMMITTEE WILL HOLD OFFICE FOR THE DURATION OF SUCH PERSON'S TERM IN AN OFFICE THAT QUALIFIES SUCH PERSON FOR MEMBERSHIP ON THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS ITS EXECUTIVE DIRECTOR FROM CRSA/LCS MANAGEMENT, LLC. UNDER THE TERMS OF A MANAGEMENT AGREEMENT, MANAGEMENT SERVICES ARE PROVIDED TO THE ORGANIZATION BY COOPERATIVE RETIREMENT SERVICES OF AMERICA (CRSA). THESE SERVICES INCLUDE THE SUPERVISION OF ALL ASPECTS OF NORMAL OPERATIONS INCLUDING BUDGETING, HIRING OF EMPLOYEES, BILLING, PAYROLL, ACCOUNTS PAYABLE, AND OTHER MANAGEMENT RESPONSIBILITIES. HEATHER RUSNAK FULLFILLS THE ROLL OF EXECUTIVE DIRECTOR UNDER THE TERMS OF THE AGREEMENT. HER COMPENSATION RECEIVED FROM CRSA FOR THESE SERVICES TO GALLOWAY RIDGE ARE: REPORTABLE COMPENSATION: $171,570 DEFERRED COMPENSATION & NONTAXABLE BENEFITS: $21,132 FORM 990, PART VI, SECTION B, LINE 11 THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION, THE RETURN WAS REVIEWED BY MANAGEMENT AND DISTRIBUTED ELECTRONICALLY TO THE MEMBERS OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WERE GIVEN TIME TO REVIEW, DISCUSS, AND COMMENT PRIOR TO THE FORM BEING ELECTRONICALLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED BY ALL BOARD MEMBERS ANNUALLY. EACH BOARD MEMBER SIGNS A STATEMENT INDICATING THE UNDERSTANDING OF AND COMPLIANCE WITH THE POLICY. THE CONFLICT OF INTEREST POLICY IS BASED UPON THE IRS MODEL CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF EXECUTIVE DIRECTOR IS REVIEWED BY THE MANAGEMENT COMPANY (CRSA) AND THE PRESIDENT (I.E. CHAIRPERSON OF THE BOARD) ANNUALLY USING INDUSTRY DATA FOR COMPARISON. OTHER KEY EMPLOYEES HAVE ANNUAL REVIEWS BY THE EXECUTIVE DIRECTOR AND COMPARABILITY DATA IS REVIEWED ON A REGULAR BASIS. FORM 990, PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE ORGANIZATION'S FORM 1023, FORM 990 AND FORM 990-T ARE AVAILABLE UPON REQUEST. RECENT FILINGS OF THE FORM 990 CAN BE ACCESSED THROUGH GUIDESTAR.ORG, A NON-PROFIT WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS, WITH ANY CHANGES OR UPDATES, ARE MAINTAINED IN THE RESIDENT LIBRARY AND ARE ALSO AVAILABLE BY REQUEST. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE ANNUAL DISCLOSURE STATEMENT. FINANCIAL STATEMENTS ARE PROVIDED MONTHLY TO THE PRIMARY CREDITOR, BOARD AUDIT & FINANCE COMMITTEE, AND THE RESIDENT FINANCE COMMITTEE AND PROVIDED QUARTERLY TO THE BOARD. THE ANNUAL AUDIT IS PROVIDED ANNUALLY IN THE DISCLOSURE STATEMENT. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.