2019-11-06T04:47:51-06:00 2018-12-31 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2018-01-01 562277623 GALLOWAY RIDGE INC GALL 9195452215 3000 GALLOWAY RIDGE PITTSBORO NC 27312 TODD PETERSON TREASURER 9195452215 2019-11-04 1 AMY BIBBY P00445891 8282542254 24.241.144.70 2019-11-04 08:17:41 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 48FB394F9AA065459641371F168D9F2AFFFBB473 2018 2020-01-14 16:20:31Z ROB NELSON 3000 GALLOWAY RIDGE PITTSBORO NC 27312 31310553 0 X WWW.GALLOWAYRIDGE.COM X 2001 NC OPERATION OF CONTINUING CARE RETIREMENT COMMUNITY 12 12 526 9 0 0 762210 818970 28555376 29590200 544410 698380 224364 203003 30086360 31310553 118000 100000 0 0 12108034 12515990 0 0 0 18494704 18240349 30720738 30856339 -634378 454214 140601958 136381850 178375431 177045670 -37773473 -40663820 X GALLOWAY RIDGE EXISTS TO INSPIRE MEANINGFUL AND ENGAGED LIVES AND TO ASSURE EACH RESIDENT A SUPERIOR QUALITY OF LIFE AND CARE. 0 0 27316577 100000 29590200 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 $7,687,489; $780,770 OF WHICH WAS PAID MOST RECENTLY IN 2018. IN ADDITION TO PAYING PROPERTY TAXES, GALLOWAY RIDGE HAS CONSISTENTLY ENGAGED IN A VARIETY OF OTHER CHARITABLE EFFORTS AND CONTRIBUTIONS. IN 2018, GALLOWAY RIDGE ASSISTED RESIDENTS WHO COULD NOT PAY THEIR MONTHLY SERVICE FEE AND MADE CASH DONATIONS TO LOCAL NONPROFITS ($100,000).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:ALZHEIMER'S OF NC 5K, AGAPE CORNER SCHOOL, ACKLAND MUSEUM, AMERICAN RED CROSS BAHAMA RURITAN CLUB, BELLEVUE SCHOOL, C.A.S.T., CAMP ROYALL, CAMPBELL UNIVERSITY CHORAL, CARE PROJECT, CAROLINA TIGER RESCUE, CENTER FOR LITERACY & DISABILITY STUDIES, CHAPEL HILL MEALS ON WHEELS, CHAPEL OF THE CROSS, CHAPEL IN THE PINES, CHATHAM COUNTY ALZHEIMER'S CHATHAM COUNTY DEMOCRATS, CHATHAM COUNTY LINE, CHATHAM COUNTY SCHOOLS, CHATHAM COUNCIL ON AGING, CHATHAM COUNTY GOVERNMENT, CHATHAM COUNTY SCIENCE FAIR CHATHAM HOSPICE, CHATHAM LITERACY COUNCIL, CHRIST UNITED METHODIST CHURCH, CINDERELLA CLOSET, COUNTY LINE NEWSPAPER, COUPONS FOR THE TROOPS, CORA, CRSA-LCS-RAC, DUKE RESEARCH PROJECT, DUPLIN COUNTY HISTORICAL SOCIETY, EARTH ECHO INTERNATIONAL, EAST CHATHAN ELEMENTARY SCHOOL, EAST CARY MIDDLE SCHOOL, FARM AT PENNY LANE, FRIENDS OF THE PITTSBORO LIBRARY, GUILFORD COLLEGE HABITAT FOR HUMANITY, HAPPENING INC., HEALTHCARE WORKS, HOLY TRINITY LUTHERAN CHURCH, HOME HEALTH FOUNDATION, INTERFAITH COUNCIL, INTERNATIONAL COUNCIL ON ACTIVE LIVING, JUSTICE UNITED OF ORANGE COUNTY, KINGSWOOD ELEMENTARY SCHOOL, LEADING AGE, LINAS BLANKET PROJECT, LYSTRA BAPTIST CHURCH, MARIPOSA SCHOOL, MILO HOLT WESTERN FESTIVAL COMMITTEE, NC BOTANICAL GARDEN, NCCS SYSTEM: ECONOMIC WORKFORCE DEVELOPMENT, NEIGHBORS HELPING NEIGHBORS, NCCCRA, NEARLY NICE SHOP, NORTH CHATHAM ELEMENTARY SCHOOL, ODYESY STAGE, PEO, PITTSBORO UNITED METHODIST CHURCH, RESTORE, SALVATION ARMY-BELL RINGERS, SALVATION ARMY - ANGEL TREE TAGS, SIERRA CLUB, SPENCE SCHOLARSHIP, STOP HUNGER NOW, SYNAGOGUE, ST BART'S, ST JOHNS LUTHERAN CHURCH, ST THOMAS MORE CHURCH, TRIANGLE J COUNCIL OF GOVERNMENTS, UNITED METHODIST WOMAN, UNITED WAY OF CHATHAM COUNTY, UNIVERSITY WOMAN'S CLUB, UNIVERSITY UNITED METHODIST CHURCH, UNC ALLIED HEALTH CAMPAIGN, UNC ALUMNI ASSOC., UNC HILLEL, UNC-HOSPICE, UNC-HOSPITAL ELVES & ANGELS, UNC HOSPITAL, UNC - MEDICAL SCHOOL MENTORING, UNIVERSAL DESIGN INSTITUTE, US NATIONAL PARK SERVICE, US NAVAL ACADEMY BLUE & GOLDFFICERS, VITA, LITERACY COUNCIL, AND TIGER RESCUE. 27316577 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 109 0 1 526 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DANA BOYLAN-WALKER 9195452603 3000 GALLOWAY RIDGE PITTSBORO NC 27312 ROB NELSON CHAIR & DIRECTOR 5.00 X X 0 0 0 ALAN RIMER VICE-CHAIR & DIRECTOR 5.00 X X 0 0 0 ALEX WELLER SECRETARY & DIRECTOR 5.00 X X 0 0 0 TODD PETERSON TREASURER & DIRECTOR 5.00 X X 0 0 0 LYNDA BROWER-ISABEL BOARD MEMBER 1.00 X 0 0 0 STAN CAMBELL BOARD MEMBER 1.00 X 0 0 0 BOB ENDERS BOARD MEMBER 1.00 X 0 0 0 MATT EWEND BOARD MEMBER 1.00 X 0 0 0 VALERIE HARRIS BOARD MEMBER 1.00 X 0 0 0 KELLY MACKAY BOARD MEMBER 1.00 X 0 0 0 STAN MANDEL BOARD MEMBER 1.00 X 0 0 0 SAM WILLIAMSON BOARD MEMBER 1.00 X 0 0 0 BOB ZIMMER CEO/EXECUTIVE DIRECTOR 50.00 X 207610 0 25186 DANA BOYLAN-WALKER SR. DIRECTOR OF FINANCE 50.00 X 108486 0 16332 ADAM MELTON ASSOCIATE EXECUTIVE DIRECTOR 50.00 X 121817 0 23583 MELISSA JOHNSON SR. DIRECTOR OF MARKETING 50.00 X 121463 0 32612 KATHRYN TURNER SR. DIRECTOR OF HUMAN RESOURCES 50.00 X 116155 0 14986 675531 0 112699 5 0 1 0 REHABCARE GROUP INC PO BOX 503534 ST LOUIS MO 631503534 MEDICAL SERVICES 1132477 WEAVER COOKE CONSTRUCTION LLC 8401 KEY BLVD GREENSBORO NC 27409 CONSTRUCTION SERVICES 908901 BLAND LANDSCAPING PO BOX 727 APEX NC 27501 LANDSCAPING SERVICES 313429 UNC SCHOOL OF MEDICINE DEPT OF MED CB7005 125 MACNAIDER CHAPEL HILL NC 275997005 MEDICAL SERVICES 287962 RIITHINK LLC 103 LLOYD STREET SUITE 200 CARRBORO NC 27510 MARKETING & MEDIA SERVICES 259972 7 818970 818970 RESIDENT SERVICES 623000 29590200 29590200 29590200 698380 698380 66671 0 66671 66671 66671 GUEST/EMPLOYEE/OTHER DINING SERVI 900099 136332 136332 136332 31310553 29590200 0 901383 100000 100000 357614 357614 9648156 8449689 1198467 73974 62470 11504 1713972 1447418 266554 722274 609947 112327 84404 84404 105888 105888 2014443 1666079 348364 274757 47019 227738 1380440 1068339 312101 215866 20742 195124 2023949 2023949 29121 6211 22910 90763 9734 81029 3971136 3971136 4801569 4801569 460488 244750 215738 DIETARY EXPENSE 1401095 1401095 MEDICAL SUPPLIES 1386049 1386049 MISCELLANEOUS 381 381 30856339 27316577 3539762 0 8336295 7296074 621302 715874 911064 697555 115598 104607 392733 440380 132972113 43993513 89789886 88978600 20164455 20047278 8698408 8099791 11572217 10001691 140601958 136381850 3478195 3948208 102527423 100558469 70213916 68725268 2155897 3813725 178375431 177045670 X -39739149 -42633132 1965676 1969312 -37773473 -40663820 140601958 136381850 X 454214 -863422 -2481140 X X 0 1 X 1 0 X 1457251 527499 560543 762210 818970 4126473 25001431 28053922 26876085 28555376 29590200 138077014 160959 148236 148427 126791 136332 720745 26619641 28729657 27585055 29444377 30545502 142924232 396307 219636 167509 212034 174884 1170370 0 396307 219636 167509 212034 174884 1170370 141753862 113943 21505 557782 629423 698380 2021033 113943 21505 557782 629423 698380 2021033 23871 56439 12560 92870 26757455 28807601 28142837 30086360 31243882 145038135 0.97740 0.97860 0.01390 0.01050 X 5690693 5690693 108615654 38078357 70537297 6647217 2330374 4316843 9309563 3263736 6045827 2708986 321046 2387940 88978600 RESERVE REQUIRED BY STATE STATUTE 5833887 DEFERRED FINANCING COSTS 2002748 SALES TAX RECEIVABLE 195744 CHARITABLE FUND 1969312 10001691 REFUNDABLE ENTRANCE FEES 3249725 REFUNDABLE PARKING DEPOSITS 564000 3813725 X 30447131 -863422 -863422 31310553 0 31310553 31707986 851647 851647 30856339 0 30856339 PART X, LINE 2: THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUES. 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 OBLIGATIONS AT DECEMBER 31, 2018. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION 851,647. 1 CHATHAM CARES COMMUNITY PHARMACY 127 E RALEIGH STREET SILER CITY NC 27344 412170926 8100 RENT & UTILITIES FOR CLINIC TO PROVIDE FREE MEDICATION CORA FOOD PANTRY 40 CAMPT DRIVE PITTSBORO NC 27312 561668767 5000 FOOD PURCHASE COMMUNITIES IN SCHOOLS OF CHATHAM COUNTY 208 NORTH CHATHAM AVENUE SILER CITY NC 27344 581849144 5000 SUPPORT PATICIPATION IN IMPLEMENTATION TEAM TRAINING CHATHAM COUNTY COUNCIL ON AGING PO BOX 715 PITTSBORO NC 27312 561084260 8000 PROVIDE RESPITE FOR CAREGIVERS; MEALS & IN-HOME AID FOR SENIORS EL FUTURO INC 136 E CHAPEL HILL SREET DURHAM NC 27701 800122334 8000 SALARY FOR STAFF PILOTING A WALK-IN-CLINIC MODEL LEGAL AID OF NC INC 224 S DAWSON STREET RALEIGH NC 27601 311784161 5000 PROVIDE SALARY SUPPORT THE LEARNING TRAIL INC PO BOX 3061 CHAPEL HILL NC 27515 471642083 5000 PURCHASE FURNITURE/EQUIPMENT FOR EARLY CHILDHOOD CENTER WEST CHATHAM FOOD PANTRY 126 VILLGE LAKE ROAD SILER CITY NC 27344 510634273 6000 FOOD PURCHASE BOYS & GIRLS CLUB OF CENTRAL CAROLINA 1013 CARTHAGE STREET SANFORD NC 27330 561923703 5000 SUPPORT BOYS AND GIRLS CLUB CHATHAM HABITAT FOR HUMMANITY 467 WEST STREET PITTSBORO NC 27312 561689599 20000 FUND AFFORDABLE LIVING HOUSING PROJECTS 10 PART I, LINE 2: THE ORGANIZATION PROVIDES FUNDS TO IDENTIFIED COMMUNITY GROUPS IN NEED OF ADDITIONAL SUPPORT. IN THE EVENT THAT THE ORGANIZATION LEARNS THAT FUNDS ARE NOT UTILIZED FOR THE INTENDED PURPOSES, FUTURE AWARDS WOULD BE RESTRICTED TO THOSE ORGANIZATIONS. X 0 0 0 0 0 0 0 1 0 BOB ZIMMER CEO/EXECUTIVE DIRECTOR 182973 0 24637 0 0 0 8258 0 16928 0 232796 0 0 0 MELISSA JOHNSON SR. DIRECTOR OF MARKETING 90000 0 9000 0 22463 0 9081 0 23531 0 154075 0 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR AND DEPARTMENTAL HEADS ARE ELIGIBLE FOR PERFORMANCE BONUSES BASED ON AGREED UPON GOALS FOR THE YEAR. 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 C NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65820YKU9 2014-09-10 15495000 SEE PART VI 0 0 0 A 5665000 61044572 8231416 2396890 1454692 1157571 26423121 23755000 559359 2012 0 0 0 1 B 19930000 558593 398600 1258461 17714346 2012 0 0 1 1 C 30000 15500277 1223896 309859 15002641 2014 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 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 C 0 1 0 0 1 0 0 0 1 A 0 B 0 C 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 I, LINE C, COLUMN F, DESCRIPTION OF PURPOSE: IN SEPTEMBER 2014, THE ORGANIZATION ISSUED $15,495,000 OF TAX-EXEMPT, ADJUSTABLE RATE FIRST MORTGAGE REVENUE REFUNDING BONDS THROUGH THE NORTH CAROLINA MEDICAL CARE COMMISSION. OF THE TOTAL AMOUNT, $15,000,000 WAS USED TO REFUND THE SERIES 2010B BONDS. THE REMAINING AMOUNTS WERE USED FOR COSTS OF ISSUANCE AND TO SET UP A DEBT SERVICE REFUND. 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: 54,841 LESS REFUNDED AMOUNT: <$ 15,000,000> TOTAL TO LINE 3: $ 61,044,572 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. SCHEDULE K, PART II, LINE 12, OTHER UNSPENT PROCEEDS: THE AMOUNT ON PART II, LINE 11 FOR BOND [C] REPRESENTS AMOUNTS USED TO CURRENTLY REFUND A CONSTRUCTION LOAN RELATED TO THE 2010 PROJECT THAT IS NOT CLASSIFIED AS A TAX-EXEMPT BOND ISSUE. FORM 990, PART VI, SECTION B, LINE 11B 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 FOR 2018, THE CEO/EXECUTIVE DIRECTOR'S POSITION WAS REVIEWED BY THE PRESIDENT AND BOARD CHARIMAN AND APPROVED BY THE BOARD. OTHER KEY EMPLOYEES HAVE AN ANNUAL REVIEW BY THE CEO/EXECUTIVE DIRECTOR & COMPARABILITY DATA IS REVIEWED ON AN ANNUAL 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 QUARTERLY 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 XI, LINE 9: PRIOR PERIOD ADJUSTMENT RELATING TO DEFERRED MARKETING -1,629,493. NET ASSETS RELEASED FROM RESTRICTION -851,647. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.