2026-05-07T18:13:34-05:00 2025-10-31 951777440 GREEN HASSON & JANKS LLP 700 S FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2024-11-01 954022185 KEIRO SERVICES KEIR 2138735700 420 EAST THIRD STREET 1000 LOS ANGELES CA 90013 BEVERLY ITO PRESIDENT & CEO 2138735700 2026-05-05 1 1 LIZBETH G NEVAREZ P01399668 3108731600 2026-05-05 2024 2025-03-06 01:10:19Z KEIRO SENIOR HEALTHCARE BEVERLY ITO 420 EAST THIRD STREET 1000 LOS ANGELES CA 90013 28248128 0 X WWW.KEIRO.ORG X 1961 CA KEIRO'S MISSION IS TO ENHANCE THE QUALITY OF SENIOR LIFE IN OUR COMMUNITY. (SEE PART III LINE 1) 12 11 23 144 0 0 596408 3225107 0 0 2992884 5048588 0 0 3589292 8273695 296267 5301313 0 0 1978161 2072171 0 0 352370 2836291 2486026 5110719 9859510 -1521427 -1585815 101019245 110544043 895607 1034132 100123638 109509911 X KEIRO'S MISSION IS TO ENHANCE THE QUALITY OF SENIOR LIFE IN OUR COMMUNITY. FOUNDED IN 1961, KEIRO IMPROVES THE QUALITY OF LIFE FOR OLDER ADULTS AND THEIR CAREGIVERS IN THE JAPANESE AMERICAN COMMUNITIES OF LOS ANGELES, ORANGE, AND VENTURA COUNTIES. KEIRO PROVIDES A RANGE OF CULTURALLY-SENSITIVE PROGRAMS AND RESOURCES, IN BOTH ENGLISH AND JAPANESE, TO MEET THE EVOLVING NEEDS OF OUR AGING COMMUNITY. IN EVERYTHING WE DO, WE ADVANCE OUR MISSION THROUGH A PERSON-CENTERED, INNOVATIVE, AND COLLABORATIVE APPROACH. 0 0 8257174 5301313 PROGRAMS FOR OLDER ADULTSKEIRO'S PROGRAMS FOR OLDER ADULTS ARE DESIGNED TO HELP PARTICIPANTS APPROACH AGING WITH CONFIDENCE, CONNECTION, AND PURPOSEFUL INTENTION. THROUGH QUALITY OF LIFE CLASSES (1,733 ATTENDEES) AND GENKI LIVING WORKSHOPS (101 ATTENDEES) PARTICIPANTS EXPLORED STRATEGIES TO HELP THEM STAY ACTIVE, ENGAGE THEIR MINDS, AND EXPLORE MEANINGFUL WAYS TO IMPROVE THEIR QUALITY OF LIFE. THE ANNUAL KEIRO NO HI FESTIVAL (691 ATTENDEES) HONORED OUR COMMUNITY'S OLDER ADULTS THROUGH A DAY OF CELEBRATION AND RECOGNITION FOR THEIR LIFELONG ACCOMPLISHMENTS. TOGETHER, THESE PROGRAMS EMPOWERED OLDER ADULTS TO LIVE WELL TODAY WHILE THOUGHTFULLY PREPARING FOR THE FUTURE.PROGRAMS FOR CAREGIVERSKEIRO'S PROGRAMS FOR CAREGIVERS RECOGNIZE AND UPLIFT THOSE WHO PROVIDE CARE FOR OTHERS, ENSURING THEY FEEL SUPPORTED, PREPARED, AND CONNECTED. OUR BIANNUAL CAREGIVER CONFERENCE (192 ATTENDEES) BROUGHT TOGETHER EXPERTS (HEALTH EDUCATORS, ATTORNEYS AND LICENSED CLINICAL SOCIAL WORKERS), RESOURCE VENDORS SPECIALIZING IN AGING SERVICES AND SUPPORT, AND PEER TESTIMONY TO HELP CAREGIVERS NAVIGATE CHALLENGES OF CAREGIVING WITH CONFIDENCE. THESE IN-PERSON AND ONLINE EVENTS CREATED A WELCOMING SPACE TO LEARN PRACTICAL STRATEGIES, SHARE EXPERIENCES, AND OFFER EMOTIONAL SUPPORT. PROGRAMS FOR COMMUNITYKEIRO'S PROGRAMS FOR COMMUNITY FOCUS ON CREATING NEW, AND INVESTING IN EXISTING, SUPPORTIVE AGING PROGRAMS AND SERVICES THAT ARE ACCESSIBLE FOR OLDER ADULTS WITHIN THEIR LOCAL COMMUNITIES. THESE PROGRAMS INCLUDED THE GRANTS PROGRAM (39 RECIPIENT ORGANIZATIONS, SERVING 8,364 BENEFICIARIES) SUPPORTING OLDER ADULT PROGRAMS ACROSS MULTIPLE ORGANIZATIONS AND COMMUNITIES, THE IYASHI CARE PROGRAM (222 PATIENTS) PROVIDING PALLIATIVE CARE SERVICES FOR PATIENTS AND THEIR FAMILIES WHERE THEY RESIDE, THE NEW KEIRO KIKYO HOME ENTITY THAT WILL PROVIDE RESIDENTIAL ASSISTED LIVING, THE LITTLE TOKYO SERVICE CENTER PARTNERSHIP (139 CLIENTS) THAT PROVIDES MENTAL HEALTH SERVICES FOR LOW-INCOME OLDER ADULTS, AND NIKKEI SENIOR NETWORK (NSN) (42 COMMUNITY LEADERS ACROSS 23 COMMUNITY ORGANIZATIONS). THROUGH THE NSN, KEIRO BRINGS TOGETHER COMMUNITY LEADERS TO EXCHANGE RESOURCES, BUILD PARTNERSHIPS, AND COLLABORATE TOWARD SHARED GOALS THAT SUPPORT AND UPLIFT THE OLDER ADULTS AND CAREGIVERS WITHIN THEIR COMMUNITY ORGANIZATIONS. ADDITIONALLY, FOLLOWING THE JANUARY 2025 SOUTHERN CALIFORNIA WILDFIRES, KEIRO ESTABLISHED A DISASTER RECOVERY FUND TO SUPPORT OLDER ADULTS AND THEIR FAMILIES WHO WERE IMPACTED BY THIS DISASTER. FOUR LOCAL ORGANIZATIONS WITHIN THE PASADENA AND ALTADENA COMMUNITIES WERE IDENTIFIED TO IMPLEMENT MEAL PROGRAMS, ACTIVITIES TO PROMOTE CONNECTION, AND INCREASE ACCESS TO DISASTER RECOVERY ASSISTANCE AND CASE MANAGEMENT SERVICES. 8257174 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 27 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X BEVERLY ITO 2138735700 420 EAST THIRD STREET 1000 LOS ANGELES CA 90013 BEVERLY ITO PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00 1.00 X X 214577 0 13591 JACK KURIHARA CHAIR 1.00 0.00 X X 0 0 0 GERALD ISEDA VICE CHAIR 1.00 0.00 X X 0 0 0 RON TAKASUGI TREASURER 1.00 1.00 X X 0 0 0 CHRIS KOMAI SECRETARY 1.00 0.00 X X 0 0 0 SARAH FUKUI DIRECTOR 1.00 0.00 X 0 0 0 DOUG AIHARA DIRECTOR 1.00 0.00 X 0 0 0 LISA CHAO DIRECTOR 1.00 0.00 X 0 0 0 KIMIKO FUJITA DIRECTOR 1.00 0.00 X 0 0 0 YUKARI ROBERTS DIRECTOR 1.00 1.00 X 0 0 0 SUSAN UCHIYAMA DIRECTOR 1.00 0.00 X 0 0 0 TEJI KAWANA DIRECTOR 1.00 0.00 X 0 0 0 KEVIN ONISHI CHIEF OPERATING OFFICER 40.00 0.00 X 168361 0 15515 BRAD FUJIKUNI CHIEF FINANCIAL OFFICER 40.00 1.00 X 159882 0 10900 HEATHER HARADA DIRECTOR OF STRATEGY 40.00 0.00 X 106368 0 11390 649188 0 51396 4 0 1 0 0 3225107 17531 3225107 2313532 2313532 22709489 19974433 2735056 2735056 2735056 8273695 0 0 5048588 5301313 5301313 571876 343126 154406 74344 1135173 679024 308411 147738 70457 42274 19023 9160 173690 104214 46896 22580 120975 72585 32663 15727 25232 25232 52945 52945 249005 249005 248379 130197 118182 13639 3725 6745 3169 24647 6766 16937 944 19931 5443 9857 4631 208450 113710 94740 9513 3453 3556 2504 11814 2941 6740 2133 3596 3596 38520 38520 STRATEGIC PARTNERSHIPS 1126317 1126317 COMMUNITY DEVELOPMENT 259003 259003 EQUIPMENT 24291 13700 10591 DUES & SUBSCRIPTIONS 11384 6644 4740 159360 42739 47181 69440 9859510 8257174 1249966 352370 613099 3029076 645935 386751 97131 92968 588982 537507 2056384 51475 95214398 101130106 3222798 586815 687817 1805483 1943052 101019245 110544043 284932 267733 610675 766399 895607 1034132 X 70398146 74820148 29725492 34689763 100123638 109509911 101019245 110544043 X -1585815 10861580 110508 X X 0 1 X 1 0 X 1267055 924244 1550854 596408 725107 5063668 1267055 924244 1550854 596408 725107 5063668 1199715 3863953 169296 478229 1762577 2398436 2313532 7122070 70598 126 70724 12256462 0.31530 0.36560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24070515 4187542 28258057 20203958 4837649 971092 24070515 18714859 1489099 20203958 23836989 -5122130 18714859 18652811 5184178 23836989 0.00000 0.37617 0.62383 0 0 19475 19475 236382 236382 0 301125 301125 0 32000 32000 51475 OPERATING LEASE LIABILITY 766399 766399 X 18996978 10861580 200 110508 10972288 8024690 249005 249005 8273695 9610705 200 200 9610505 249005 249005 9859510 PART V, LINE 4: KEIRO'S ENDOWMENT CONSISTS OF THE LIVING TREASURES ENDOWMENT FUND (THE "ENDOWMENT"), ESTABLISHED TO ENSURE THAT KEIRO IS FUNDED TO CONTINUE TO MEET ITS MISSION TO ENHANCE THE QUALITY OF SENIOR LIFE IN OUR COMMUNITY. KEIRO HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A RELATIVELY PREDICTABLE AND STABLE STREAM OF FUNDING TO PROGRAMS AND PROJECTS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: KEIRO RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED OCTOBER 31, 2025, KEIRO PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT IDENTIFY ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER UNITRUST AGREEMENTS 110,508. 1 KEIRO KIKYO HOME INC 420 EAST THIRD STREET 1000 LOS ANGELES CA 90013 332955763 501(C)(3) 5001313 0 GENERAL OPERATING SUPPORT LITTLE TOKYO NUTRITION SERVICES 244 S SAN PEDRO ST ROOM 408 LOS ANGELES CA 90012 760794434 501(C)(3) 20000 0 TO SUPPORT DAILY HOT MEALS FOR LOW-INCOME OLDER ADULTS LITTLE TOKYO COMMUNITY COUNCIL 106 1/2 JUDGE JOHN AISO ST STE 172 LOS ANGELES CA 90012 200258503 501(C)(3) 15000 0 TO SUPPORT OLDER ADULT PARTICIPATION IN THE DESIGN PROCESS OF A NEW, LOCAL PUBLIC SPACE VENICE JAPANESE COMMUNITY CENTER INC 12448 BRADDOCK DR LOS ANGELES CA 90066 956220754 501(C)(3) 14688 0 TO SUPPORT A MONTHLY MEAL PROGRAM AND WEEKLY ACTIVITIES AND PROGRAMS FOR OLDER ADULTS VENICE HONGWANJI BUDDHIST TEMPLE 12371 BRADDOCK DR CULVER CITY CA 90230 371493889 RELIGIOUS ORGANIZATI 12000 0 TO SUPPORT CARE PACKAGE DELIVERY, SENIOR OUTREACH, AND PROGRAMS FOR OLDER ADULTS AND CAREGIVERS CERRITOS BAPTIST CHURCH PO BOX 3967 CERRITOS CA 90703 330052827 RELIGIOUS ORGANIZATI 10600 0 TO SUPPORT CBC'S OUTREACH, GATHERINGS, AND ACTIVITIES FOR OLDER ADULTS ORANGE COUNTY FRIENDSHIP CHOIR 403 W AVENIDA DE LOS LOBOS MARINOS SAN CLEMENTE CA 92672 364661291 501(C)(3) 10500 0 TO SUPPORT PARTICIPATION OF OLDER ADULTS IN CHOIR ACTIVITIES ORANGE COUNTY BUDDHIST CHURCH 909 S DALE AVE ANAHEIM CA 92804 330220817 RELIGIOUS ORGANIZATI 10250 0 TO SUPPORT A BIMONTHLY MEAL DELIVERY PROGRAM FOR HOMEBOUND OLDER ADULTS LONG BEACH BUDDHIST CHURCH 2360 SANTA FE AVE LONG BEACH CA 90810 300644424 RELIGIOUS ORGANIZATI 10000 0 TO SUPPORT LBBC'S MONTHLY OUTREACH PROJECT TO HOMEBOUND OLDER ADULTS PASADENA NIKKEI SENIORS 595 N LINCOLN AVE STE 101-A PASADENA CA 91103 954524711 501(C)(3) 10000 0 TO SUPPORT LUNCH GATHERINGS AND OTHER ACTIVITIES FOR OLDER ADULTS LONG BEACH JAPANESE CULTURAL CENTER 1480 E MARSHALL PL LONG BEACH CA 90807 953416426 501(C)(3) 9775 0 TO SUPPORT A TWICE-MONTHLY LUNCH AND ACTIVITY PROGRAM FOR OLDER ADULTS KANSAI CLUB 114 ASTRONAUT E S ONIZUKA ST LOS ANGELES CA 90012 954628169 501(C)(3) 9600 0 TO SUPPORT A JAPANESE LANGUAGE MUSIC PERFORMANCE BY OLDER ADULTS ZENSHUJI SOTO MISSION 123 S HEWITT ST LOS ANGELES CA 90012 951782838 RELIGIOUS ORGANIZATI 9500 0 TO SUPPORT A WEEKLY AEROBICS CLASS FOR OLDER ADULTS UNION CHURCH OF LOS ANGELES 401 E 3RD ST LOS ANGELES CA 90013 951961782 RELIGIOUS ORGANIZATI 9000 0 TO SUPPORT A WEEKLY LUNCH PROGRAM FOR OLDER ADULTS GARDENA VALLEY JAPANESE CULTURAL INSTITUTE 1964 W 162ND ST GARDENA CA 90247 956197597 501(C)(3) 8600 0 TO SUPPORT SELF-CARE PROGRAMS FOR OLDER ADULTS ASIAN AMERICAN COMMUNITY MEDIA PROJECT 2753 PACIFIC COAST HIGHWAY SUITE A PO BOX 176 TORRANCE CA 90505 931460854 501(C)(3) 8250 0 TO SUPPORT AACOMP'S JAPANESE AMERICAN VIETNAM ERA ARCHIVES PROJECT FAITH UNITED METHODIST CHURCH 2115 W 182ND ST TORRANCE CA 90504 953370366 RELIGIOUS ORGANIZATI 8000 0 TO SUPPORT MULTIPLE CONGREGATE AND DELIVERED SENIOR MEAL PROGRAMS CROSSROADS COMMUNITY CHURCH OF SOUTH ORANGE COUNTY 25991 PALA DR MISSION VIEJO CA 92691 330782704 RELIGIOUS ORGANIZATI 7800 0 TO SUPPORT THE REESTABLISHMENT OF A SENIOR FELLOWSHIP GROUP AT CCCSOC LEISURE CLUB AT ESGVJCC 1203 W PUENTE AVE WEST COVINA CA 91790 956100417 COMMUNITY GROUP WITH 7800 0 TO SUPPORT A WEEKLY LUNCH PROGRAM FOR OLDER ADULTS EAST SAN GABRIEL VALLEY JAPANESE COMMUNITY CENTER 1203 W PUENTE AVE WEST COVINA CA 91790 956100417 501(C)(3) 7500 0 TO SUPPORT THE PURCHASE OF PATIO FURNITURE FOR OLDER ADULTS ORANGE COUNTY JAPANESE AMERICAN ASSOCIATION 17332 IRVINE BLVD STE 160 TUSTIN CA 92790 330271323 501(C)(3) 7330 0 TO SUPPORT A MEAL PROGRAM, CAREGIVER SUPPORT GROUP, AND OTHER ACTIVITIES FOR OLDER ADULTS CHARANPORAN USA INC 4733 TORRANCE BLVD 768 TORRANCE CA 90503 872811563 501(C)(3) 7000 0 TO SUPPORT A JAPANESE LANGUAGE NEWSLETTER WRITTEN BY AND FOR OLDER ADULTS SAKURA CHORUS 11270 HAYTER AVE CULVER CITY CA 90230 320317401 501(C)(3) 7000 0 TO SUPPORT CORE OPERATING COSTS OF THE ALL-OLDER ADULT CHOIR GROUP WEST LOS ANGELES UNITED METHODIST CHURCH 1913 PURDUE AVE LOS ANGELES CA 90025 952798693 RELIGIOUS ORGANIZATI 6960 0 TO SUPPORT MONTHLY DELIVERED AND CONGREGATE MEALS FOR OLDER ADULTS KANSHA HISTORY PROJECT 1875 MISSION ST STE 103 235 SAN FRANCISCO CA 94103 462808252 COMMUNITY GROUP WITH 6850 0 TO SUPPORT VOLUNTEER TRAINING AND OUTREACH EVENTS ABOUT JAPANESE AMERICAN FARMING HISTORY FIRST PRESBYTERIAN CHURCH ALTADENA 2775 LINCOLN AVE ALTADENA CA 91001 952497520 RELIGIOUS ORGANIZATI 6560 0 TO SUPPORT WEEKLY ACTIVITIES AND GATHERINGS FOR OLDER ADULTS MISSION VALLEY FREE METHODIST CHURCH 1201 S SAN GABRIEL BLVD SAN GABRIEL CA 91776 951993026 RELIGIOUS ORGANIZATI 6000 0 TO SUPPORT GATHERINGS AND ACTIVITIES FOR THE JAPANESE-SPEAKING SENIOR FELLOWSHIP GROUP OXNARD BUDDHIST TEMPLE 250 S H ST OXNARD CA 93030 142947515 RELIGIOUS ORGANIZATI 5500 0 TO SUPPORT MONTHLY GATHERINGS AND ACTIVITIES FOR OLDER ADULTS VENTURA COUNTY JAPANESE AMERICAN CITIZENS LEAGUE 32103 BEACHVIEW LN WESTLAKE VILLAGE CA 91361 953259973 501(C)(3) 5500 0 TO SUPPORT PROGRAMS AND ACTIVITIES FOR OLDER ADULTS AND CAREGIVERS SAN FERNANDO VALLEY MEIJI SENIOR CITIZENS' CLUB 12636 EMILITA ST NORTH HOLLYWOOD CA 91607 953823657 501(C)(3) 5422 0 TO SUPPORT FIELD TRIPS FOR OLDER ADULTS 30 0 PART I, LINE 2: KEIRO FUNDS QUALIFIED NON-PROFIT ORGANIZATIONS AND GROUPS THROUGH A COMPETITIVE, COMMUNITY-BASED REVIEW PROCESS WITH THE GOAL OF EXTENDING RESOURCES TO SERVE THE MOST VULNERABLE OLDER ADULTS IN THE JAPANESE AMERICAN AND JAPANESE COMMUNITY, WITH THE SPECIFIC FOCUS ON SUPPORTING PROGRAMS THAT ENHANCE QUALITY OF LIFE. THE GRANTS REVIEW COMMITTEE PRESENTS THE DOCKET TO THE KEIRO BOARD OF DIRECTORS FOR FINAL APPROVAL. X X X X 0 0 0 0 0 0 0 1 0 BEVERLY ITO PRESIDENT & CHIEF EXECUTIVE OFFICER 204231 0 500 0 9846 0 10729 0 2862 0 228168 0 0 0 KEVIN ONISHI CHIEF OPERATING OFFICER 167861 0 500 0 0 0 8485 0 7030 0 183876 0 0 0 BRAD FUJIKUNI CHIEF FINANCIAL OFFICER 159382 0 500 0 0 0 7994 0 2906 0 170782 0 0 0 PART I, LINE 7 HOLIDAY BONUSES WERE AWARDED IN DECEMBER 2024 TO STAFF. THE CEO'S BONUS WAS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 1A THE GOVERNING BODY DELEGATED BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE, WHICH CONSISTS OF THE FOLLOWING MEMBERS: 1) BEVERLY ITO, PRESIDENT/CEO 2) RON TAKASUGI, TREASURER 3) CHRIS KOMAI, SECRETARY 4) JACK KURIHARA, CHAIR, AND 5) GERALD ISEDA, VICE CHAIR. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 - THE 990 IS REVIEWED BY THE AUDIT COMMITTEE, CHAIRPERSONS AND OFFICERS. MEMBERS DISCUSS RELEVANT MATTERS AND ASK QUESTIONS OF STAFF. ONCE APPROVED, STAFF ARE DIRECTED TO PROVIDE COPIES TO ALL BOARD MEMBERS PRIOR TO FILING/SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICT OF INTEREST POLICY: THE ORGANIZATION REQUIRES BOARD MEMBERS AND KEY EMPLOYEES TO COMPLETE THE CONFLICT OF INTEREST DISCLOSURE ON AN ANNUAL BASIS. ATTESTATION OF RECEIPT OF THE CONFLICT OF INTEREST DISCLOSURE IS PERFORMED BY THE DIRECTOR OF STRATEGY. IF CONFLICTS OF INTEREST ARE DISCLOSED, BOARD MEMBERS DISCUSS THE IMPACT OF SUCH DISCLOSURES UPON DECISION MAKING AND REQUIRES MEMBERS WITH THE CONFLICTS TO ABSTAIN THEMSELVES. THE COMPANY HAS ASSIGNED THE BOARD CHAIR TO MONITOR ALL COMPLIANCE ISSUES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR CEO AND KEY EMPLOYEES: THE PROCESS FOR DETERMINING COMPENSATION OF THE CEO AND KEY EMPLOYEES OCCURS IN A TWO STEP PROCESS. THE FIRST STEP INCLUDES A MEETING OF A COMMITTEE WHICH IS MADE UP OF INDEPENDENT BOARD MEMBERS AS VERIFIED BY THE COMPLETION OF CONFLICT OF INTEREST DISCLOSURES. IN THIS MINUTED MEETING, THE COMMITTEE REVIEWS COMPARABILITY WITH CURRENT COMPENSATION ARRANGEMENTS FOR KEY EMPLOYEES. ONCE A DECISION IS FINALIZED, A RECOMMENDATION IS MADE TO THE FULL BOARD ON WHETHER TO ACCEPT THE ARRANGEMENTS OR MODIFY THEM. THE FULL BOARD THEN VOTES TO ACCEPT THEIR RECOMMENDATION OR MODIFY THE RECOMMENDATION. THE SAME INDEPENDENT DATA SOURCES ARE UTILIZED FOR COMPARABILITY PURPOSES. THE CEO GOES THROUGH AN ADDITIONAL LEVEL OF REVIEW WITH THE FULL BOARD WHICH INCLUDES A PERFORMANCE REVIEW AND COMPENSATION REVIEW UTILIZING INDEPENDENT DATA SOURCES. AFTER THE DELIBERATIONS, THE FULL BOARD MAKES A DETERMINATION ON THE CEO'S COMPENSATION ARRANGEMENT. THIS DISCUSSION AND ANY DECISIONS MADE ARE CONTEMPORANEOUSLY MINUTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - FINANCIAL STATEMENTS ARE PREPARED ANNUALLY AND ARE AVAILABLE UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER UNITRUST AGREEMENTS 110,508. FORM 990, PART XII, LINE 2C: NO PROCESSES HAVE CHANGED FROM THE PRIOR YEAR. KEIRO KIKYO HOME INC 420 EAST THIRD STREET SUITE 1000 LOS ANGELES CA 90013 332955763 RESIDENTIAL CARE SERVICES CA 501(C)(3) LINE 7 KEIRO SERVICES 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 KEIRO KIKYO HOME INC B 5001313 COST