2024-11-15T06:47:07-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1000 COMMERCE PARK DR WILLIAMSPORT PA 17701 990 2023-01-01 161401063 UNITED METHODIST HOMES FOUNDATION UMH NY CORP UNIT 6077756400 10 ACRE PLACE BINGHAMTON NY 13904 BRIAN PICCHINI PRESIDENT AND CEO 6077756400 2024-10-11 1 1 KERRI N BOGDA CPA P00760402 5703236023 2024-10-11 2023 2024-10-15 13:58:12Z UNITED METHODIST HOMES FOUNDATION BRIAN PICCHINI 10 ACRE PLACE BINGHAMTON NY 13904 7571157 0 9223 X WWW.UNITEDMETHODISTHOMES.ORG X 1991 NY THE ORGANIZATION IS THE CENTRALIZED FUNDRAISING SOURCE FOR THE UNITED METHODIST HOMES. 12 12 1 30 0 0 2037560 1835510 0 0 210377 1261381 29003 26022 2276940 3122913 3140267 2881073 0 0 71540 85087 0 0 203761 279312 118674 3491119 3084834 -1214179 38079 35454393 37513457 40604 53126 35413789 37460331 X THE ORGANIZATION'S MISSION IS TO PROVIDE A WIDE RANGE OR SENIOR LIVING SERVICES WITH EXCEPTIONAL CARE AND COMPASSION. OUR VISION IS TO BE THE PROVIDER OF CHOICE IN LIFESTYLE OPTIONS FOR SENIORS. CORE VALUES INCLUDE CONCERN AND UNDERSTANDING FOR THE WHOLE PERSON, A FOCUS ON EDUCATION AND WELLNESS IN PURSUIT OF A FULL LIFE, INDEPENDENCE, DIGNITY AND A SENSE OF CONTROL FOR ALL RESIDENTS, AS WELL AS CARING AND COMPASSION IN OUR STAFF. 0 0 2881073 2881073 0 CENTRALIZED FUNDRAISING AND BENEVOLENT CARE IS PROVIDED FOR RESIDENTS OF THE OTHER EIGHT BROTHER / SISTER RELATED AND AFFILIATED ORGANIZATIONS OF THE UNITED METHODIST HOMES WHICH PROVIDE SERVICES FOR THE FRAIL AND ILL ELDERLY. THE FOUNDATION IS THE DEPOSITORY FOR ALL DONOR FUNDS RECEIVED BY THE UNITED METHODIST HOMES AND HONORS AND ACCOUNTS FOR ALL DONOR RESTRICTIONS AND REQUIREMENTS THROUGH ITS ACCOUNTING SYSTEMS AND METHODOLOGY. DONOR FUNDS ARE NOT CO-MINGLED WITH OPERATIONS. THE FOUNDATION IS THE RECIPIENT OF BOTH DONOR FUNDS RECEIVED DIRECTLY FROM DONORS AND BENEFICIAL INTERESTS IN PERPETUAL TRUSTS. A SIGNIFICANT AMOUNT OF DONOR RESTRICTED FUNDS ARE DIRECTED TO BE USED FOR BENEVOLENT CARE AND / OR SUPPORT OF FRAIL AND ILL ELDERLY RESIDENTS. 2881073 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 53 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY PA X BRIAN PICCHINI 6077756400 10 ACRE PLACE BINGHAMTON NY 13904 X EDWIN BETZ CHAIR 7.50 X X 0 0 0 WILLIAM STARR PRESIDENT 2.00 X X 0 0 0 SHARON BERG SECRETARY / TREASURER 12.00 X X 0 0 0 KATHY COLLING TRUSTEE 9.50 X 0 0 0 ROBERT HALL TRUSTEE 2.00 X 0 0 0 ALAN HERTEL TRUSTEE 6.00 X 0 0 0 MARYANN JOHNSON TRUSTEE 2.50 X 0 0 0 WILLIAM LEWIS TRUSTEE 3.00 X 0 0 0 SHARRON LEWIS TRUSTEE 5.00 X 0 0 0 JANET MCCABE TRUSTEE 6.00 X 0 0 0 JOE COONS TRUSTEE 1.00 X 0 0 0 ROSANNE MULLIGAN TRUSTEE 1.75 X 0 0 0 JOHN CROUNSE TRUSTEE (UNTIL 5/26/22) 17.00 X 0 0 0 ROBERT MONTGOMERY TRUSTEE (UNTIL 5/26/22) 5.00 X 0 0 0 PHILIP REID TRUSTEE (UNTIL 5/26/22) 1.50 X 0 0 0 BRIAN PICCHINI PRESIDENT AND CEO 1.00 40.00 X 0 422752 37000 RON PATTI CHIEF OPERATING OFFICER 1.00 40.00 X 0 202034 13520 0 624786 50520 0 0 1 0 0 35276 17689 1782545 9583 1835510 212650 212650 55704 29682 26022 26022 26022 5455661 4406930 1048731 1048731 1048731 11632 35276 11632 0 3122913 0 0 1287403 2881073 2881073 77740 77740 1879 1879 5468 5468 9276 9276 3425 3425 14776 14776 14590 14590 372 372 1385 1385 OTHER DIRECT EXPENSES 67578 67578 LICENSES AND TAXES 6871 6871 NON-MEDICAL SUPPLIES AN 351 351 DUES 50 50 3084834 2881073 0 203761 6372 13224 14879 14879 1061070 765915 324836 295155 35108306 37190199 35454393 37513457 5196 15471 35408 37655 40604 53126 X 10985742 12243818 24428047 25216513 35413789 37460331 35454393 37513457 X 38079 200748 1807715 X 0 1 X 1 1 1 X X 1 UMH NY CORP 240856145 10 1 83169 0 1 83169 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 SCHEDULE A, SECTION B, LINE 2 THIS ENTITY SUPPORTS ALL EXEMPT AFFILIATES THAT FALL UNDER THE GROUP RULING OF ITS PARENT, UMH NY CORP., WHICH IS THE SUPPORTED ORGANIZATION LISTED IN ITS DOCUMENTS AND REPORTED ON SCHEDULE A, PAGE 1, LINE 12. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34828183 1847141 3444184 3040762 174339 36904407 43820747 2051767 -7595801 3271003 177527 34828183 39546438 1632111 4292964 1467503 185263 43820747 37063441 2134697 2075970 1562777 164893 39546438 33357060 1263332 4967715 2359518 165148 37063441 0.33000 0.62000 0.05000 0 0 75000 75000 910558 694500 216058 47542 43445 4097 27970 27970 0 295155 LAND HELD FOR INVESTMENT 260770 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 22815109 CHARITABLE REMAINDER TRUSTS 14114320 37190199 ANNUITIES SPLIT INTEREST OBLIGATION 23925 DUE TO AFFILIATES 13730 37655 5172690 200748 1807715 2008463 3164227 -41314 -41314 3122913 3126148 41314 41314 3084834 0 3084834 PART V, LINE 4: THE INTENDED USES OF THE ENDOWMENT FUNDS ARE: FUTURE CAPITAL IMRPOVEMENTS, FUTURE OPERATING COSTS AND TO ESCROW ADVANCE FEES, OVER WHICH THE BOARD RETAINS CONTROL AND MAY AT ITS DISCRETION, SUBSEQUENTLY USE FOR OTHER PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUATION BENEFICIAL INTEREST IN PERPETUAL TRUSTS 1,807,715. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -29,682. FUNDRAISING EVENT EXPENSE -11,632. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 29,682. FUNDRAISING EVENT EXPENSE 11,632. GOLF TOURNAMENT 46908 35276 11632 3248 3763 4621 46908 35276 11632 3248 3763 4621 11632 0 1 UMH PA CORP 10 ACRE PLACE BINGHAMTON NY 13904 223266577 501(C)(3) 2144337 0 EQUITY TRANSFER FOR GENERAL SUPPORT - 1,359,627 RESIDENT SUPPORT 777,037 UMH NY CORP 10 ACRE PLACE BINGHAMTON NY 13904 240856145 501(C)(3) 83169 0 EQUITY TRANSFER FOR GENERAL SUPPORT - 47,328 RESIDENT SUPPORT 35,841 UMH JGJ CORP 10 ACRE PLACE BINGHAMTON NY 13904 161421888 501(C)(3) 5959 0 EQUITY TRANSFER FOR GENERAL SUPPORT UMH ECM CORP 10 ACRE PLACE BINGHAMTON NY 13904 161421889 501(C)(3) 647608 0 EQUITY TRANSFER FOR GENERAL SUPPORT 4 0 PART I, LINE 2: GRANT ASSISTANCE IS PROVIDED TO RELATED ORGANIZATIONS WITH COMMON MANAGEMENT TO OVERSEE USE OF FUNDS. X 1 1 0 1 0 0 0 0 0 1 0 BRIAN PICCHINI PRESIDENT AND CEO 0 395863 0 0 0 26889 0 9485 0 27515 0 459752 0 0 RON PATTI CHIEF OPERATING OFFICER 0 202034 0 0 0 0 0 4135 0 9385 0 215554 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED ALL EMPLOYEES WITH A HOLIDAY GIFT OF $25. THE GIFT WAS "GROSSED UP" USING A COMPUTATION IN ORDER TO ASSIST WITH THE POTENTIAL TAX LIABILITY. ALL PAYMENTS WERE REPORTED AS TAXABLE INCOME ON EACH EMPLOYEE'S RESPECTIVE W-2. PART I, LINE 3 AMOUNTS REPORTED ON SCHEDULE J, PART II, FOR BRIAN PICCHINI ARE PAID BY A RELATED ENTITY. ALL NINE ENTITIES ARE UNDER COMMON CONTROL AND FOLLOW THE SAME COMPENSATION PROCESS. THE BOARD OF DIRECTORS HAS ESTABLISHED A MANAGEMENT AND PERSONNEL COMMITTEE COMPRISED OF BOARD MEMBERS HAVING NO CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION AND BENEFIT MATTERS TO BE ESTABLISHED FOR ALL SENIOR EXECUTIVES EMPLOYED BY THE ORGANIZATION. THE BOARD COMMITTEE UTILIZED STUDY DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY SITUATED ORGANIZATIONS IN ITS DELIBERATIONS. DATA HAS BEEN COMPILED USING AN INDUSTRY JOB DESCRIPTION /CLASSIFICATION COMPENSATION STUDY WHICH FOCUSES ON MULTI-ORGANIZATION, MULTI-LOCATION, MULTI-LEVEL CARE SENIOR LIVING SERVICE ORGANIZATIONS IN THE UNITED STATES FOR COMPARATIVE COMPENSATION INFORMATION WHICH IS COMPARED TO THE UNITED METHODIST HOME'S SENIOR EXECUTIVE COMPENSATION LEVELS. UNITED METHODIST HOME'S KEY EMPLOYEE AND EXECUTIVE COMPENSATION LEVELS ARE REVIEWED ANNUALLY BY THE MANAGEMENT AND PERSONNEL COMMITTEE AND ARE SUBSEQUENTLY INCORPORATED, UPON APPROVAL BY THE BOARD, INTO THE ORGANIZATION'S ANNUAL BUDGET. THESE DISCUSSIONS ARE DOCUMENTED IN THE COMMITTEE MINUTES. PART I, LINE 4B BRIAN PICCHINI PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN. THE AMOUNT DEFERRED FOR THE 2023 YEAR WAS $26,889. THIS AMOUNT HAS BEEN INCLUDED IN COLUMN B(III) AND HAS BEEN INCLUDED IN THE REPORTABLE MEDICARE WAGES FOR THE 2023 YEAR. PART I, LINE 7 THE ORGANIZATION HAS INSTITUTED A PRACTICE WHEREBY NON-FIXED PAYMENTS MAY BE MADE TO EMPLOYEES IN THE FORM OF INCENTIVE COMPENSATION PROGRAM (HEREAFTER "ICP") PAYMENTS. ICP PAYMENTS ARE BASED ON THE RESULTS OF A SCORECARD CREATED BY THE PRESIDENT & CEO, VP OF HUMAN RESOURCES, AND VP OF FINANCE IN COLLABORATION WITH OTHER MEMBERS OF THE OPERATIONAL LEADERSHIP TEAM (COLLECTIVELY "SENIOR MANAGEMENT"). THE METRICS OF THE SCORECARD ARE FOCUSED ON THE FOLLOWING AREAS: OCCUPANCY, NET OPERATING MARGIN, QUALITY, CASH FLOW, EDUCATION COMPLETION, RESIDENT ENGAGEMENT, AND TURNOVER. FOR UMH ECM CORP., UMH JGJ CORP., UMH PA CORP., AND UMH NY CORP. (WITH THE EXCEPTION OF THE COMPLETE CARE AND UMH AT HOME ENTITIES) ICP PAYOUTS WERE DETERMINED BY THE SCORECARD RESULTS OF THE SPECIFIC CAMPUS. FOR UMH MANAGEMENT SERVICES CORP., UNITED METHODIST HOMES FOUNDATION, AND COMPLETE CARE AND UMH AT HOME ( BOTH COMPLETE CARE AND UMH AT HOME ARE PART OF UMH NY CORP.), ICP PAYOUTS WERE DETERMINED BY THE SCORECARD RESULTS OF UNITED METHODIST HOMES AS A WHOLE. COMPLETE CARE AND UMH AT HOME WERE NOT INCLUDED WITH THE REST OF UMH NY CORP. FOR THE ICP DUE TO THEIR SMALL SIZE AND THEIR NATURE AS NEW OPERATIONS. BROOKS CENTER, INC., WESLEY TOWERS, INC., AND THE GRACE VIEW MANOR NURSING HOME CORPORATION DID NOT HAVE ANY EMPLOYEES DURING 2022, AND , WERE NOT ELIGIBLE FOR ANY ICP PAYOUTS. THE ICP WAS VETTED THROUGH THE MANAGEMENT AND PERSONNEL COMMITTEE AND FORMALLY APPROVED BY THE EXECUTIVE/FINANCE/AUDIT COMMITTEE. SENIOR MANAGEMENT HAS PRIMARY RESPONSIBILITY FOR DETERMINING THE REASONABLENESS OF ALL PAYMENTS BASED ON THE RESULTS OF THE SCORECARDS AS WELL AS THE AVAILABILITY OF FUNDING FOR THE ICP. THE PRESIDENT & CEO'S ICP PAYOUT STRUCTURE FOLLOWS THE GUIDELINES ESTABLISHED IN THE ICP UNLESS OTHERWISE MODIFIED BY A COMMITTEE OF THE BOARD OR THE FULL BOARD. FURTHERMORE, MEMBERS OF THE GOVERNANCE COMMITTEE CONDUCT AN ANNUAL REVIEW OF THE PRESIDENT & CEO, AND MEMBERS OF THE MANAGEMENT AND PERSONNEL COMMITTEE ARE CHARGED WITH CONSIDERATION, REVIEW, AND/OR APPROVAL OF ANY PAYMENT TO BE PAID TO THE PRESIDENT & CEO. ALL PROCEEDINGS OF THE MANAGEMENT AND PERSONNEL COMMITTEE MEETINGS ARE DOCUMENTED IN WRITTEN MINUTES AND ARE REPORTED TO THE BOARD OF DIRECTORS. A NORTHEASTERN PENNSYLVANIA HOSPITAL AND EDUCATION AUTHORITY 237394107 NONEAVAIL 2018-05-11 44616000 TO REFUND 2013 ISSUES 0 0 0 B NORTHEASTERN PENNSYLVANIA HOSPITAL AND EDUCATION AUTHORITY 237394107 NONEAVAIL 2018-09-19 17500000 CONSTRUCTION FOR UMH BROOKS PROJECT 0 1 0 A 1 0 1 1 B 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 1 CITIZENS BANK 4.950000000000 0 0 0 0 1 A 1 B 1 PART II, LINE 3, COLUMN A: THE 2018 BONDS ARE THE RESPONSIBILITY OF THE OBLIGATED GROUP (UMH NY CORP, MANAGEMENT SERVICES, UMH PA CORP, AND THE UMH FOUNDATION) AND ARE THEREFORE REPORTED WITHIN EACH OF THE 990 REPORTS FOR THE LISTED AFFILIATES. THIS IS THE REASON FOR THE DIFFERENCE BETWEEN THE AMOUNTS INCLUDED IN PART I, ROW A, COLUMN E (ISSUE PRICE) AND PART II, LINE 3, COLUMN B (TOTAL PROCEEDS OF ISSUE). THE PROCEEDS OF THE NORTHEASTERN PENNSYLVANIA HOSPITAL AUTHORITY 2018 BOND ISSUE HAVE BEEN ALLOCATED TO AFFILIATED COMPANIES AS FOLLOWS: UMH PA CORP., FEDERAL EIN: 22-3266577 IOTHER SPENT PROCEEDS: $26,667,415 TOTAL PROCEEDS OF ISSUE: $26,667,415 UMH NY CORP., FEDERAL EIN: 24-0856145 OTHER SPENT PROCEEDS: $9,220,913 TOTAL PROCEEDS OF ISSUE: $9,220,913 UMH MANAGEMENT SERVICES CORP., FEDERAL EIN: 16-1486032 OTHER SPENT PROCEEDS: $8,727,672 TOTAL PROCEEDS OF ISSUE: $8,727,672 TOTAL OTHER SPENT PROCEEDS: $44,616,000 TOTAL PROCEEDS OF ISSUE: $44,616,000 PART II, LINE 3, COLUMN B: THE ISSUE PRICE OF THE 2018 BOND ISSUE OF $17,500,000 IS SOLELY FOR THE BROOKS EXPANSION PORJECT AND THEREFORE BALANCES ARE ONLY SHOWN ON THE UMH PA CORP. FORM 990, PART I, DOING BUSINESS AS: UNITED METHODIST HOMES FOUNDATION FORM 990, PART V, LINE 2A: ALL W-2S ARE ISSUED BY UMH MANAGEMENT SERVICES CORP., EIN #16-1486032 WHICH ACTS AS THE COMMON PAYMASTER FOR ALL RELATED ENTITIES OPERATING UNDER THE BRAND NAME "UNITED METHODIST HOMES". NO W-2 FORMS HAVE BEEN ISSUED BY THIS ENTITY. FORM 990, PART V, LINE 1: FORMS 1099 FOR EACH OF THE RELATED UNITED METHODIST HOMES ENTITIES ARE ISSUED BY UMH NY CORP., FEDERAL I.D. 24-0856145, WHICH ACTS AS THE COMMON ACCOUNTS PAYABLE ARM OF THE SYSTEM. THE NUMBER REPORTED ON THIS LINE REFLECTS THE NUMBER OF FORMS 1099 FILED BY UMH NY CORP. NO FORMS 1099 HAVE BEEN FILED DIRECTLY BY THIS ENTITY. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS, WILLIAM AND SHARRON LEWIS, ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES ITS RELATED PARTY MANAGEMENT COMPANY, UMH MANAGEMENT SERVICES CORP. (SEE SCHEDULE R) ("MANAGEMENT SERVICES") TO PERFORM CENTRALIZED MANAGEMENT FUNCTIONS FOR THE ORGANIZATION. SUCH CENTRALIZED SERVICES INCLUDE QUALITY ASSURANCE, BUILDINGS AND GROUND MANAGEMENT, HUMAN RESOURCES, EMPLOYEE BENEFITS, MARKETING AND PUBLIC RELATIONS, GROUP PURCHASING, ACCOUNTING AND FINANCIAL SERVICES, BUDGETING, INFORMATION TECHNOLOGY, INSURANCE CONTRACTING, CONTRACT REVIEW AND NEGOTIATIONS, CORPORATE COMPLIANCE, AND OTHER ADMINISTRATIVE FUNCTIONS. MANAGEMENT SERVICES AND ITS RELATED AFFILIATED ORGANIZATIONS OPERATE UNDER A BOARD POLICY OF "STRONG EXECUTIVE" MANAGEMENT. ALL HIRING, FIRING, PROMOTION, AND DEMOTION DECISIONS ARE THE RESPONSIBILITY OF THE PRESIDENT / CEO OF THE UNITED METHODIST HOMES. FORM 990, PART VI, SECTION A, LINE 7A THE TRUST DOCUMENT PROVIDES THAT THE TRUSTEES SHALL BE THE VOTING MEMBERS OF THE EXECUTIVE/FINANCE/AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF THE OTHER EIGHT BROTHER / SISTER RELATED AND AFFILIATED ORGANIZATIONS. ANY OTHER INDIVIDUAL MAY BE NOMINATED TO SERVE A ONE (1) YEAR TERM AS TRUSTEE BY A MAJORITY OF THE TRUSTEES. SUCH INDIVIDUALS MUST BE APPROVED BY THE BOARD OF DIRECTORS OF THE OTHER EIGHT BROTHER / SISTER RELATED AND AFFILIATED ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS BY WHICH THE ORGANIZATION'S OFFICERS, DIRECTORS, BOARD COMMITTEE MEMBERS, AND MANAGEMENT REVIEWED THE PREPARED FORM 990 IS AS FOLLOWS: THE BOARD DID REQUIRE THAT THE FORM 990 FOR ALL 9 BROTHER / SISTER RELATED AND AFFILIATED ORGANIZATIONS BE PREPARED FROM INFORMATION COMPILED BY INTERNAL STAFF. A DRAFT COPY OF THE FORM 990 WAS THEN PROVIDED TO THE ORGANIZATION'S MANAGEMENT, BOARD MEMBERS AND INDEPENDENT PUBLIC ACCOUNTING FIRM WITH SPECIFIC EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION. A DETAILED REVIEW OF THE FORM 990 IS CONDUCTED FOR ANY CHANGES OR CORRECTIONS. AFTER REVIEW BY ALL OF THE AFOREMENTIONED INDIVIDUALS, THE INDEPENDENT PUBLIC ACCOUNTING FIRM CONDUCTS THEIR FINAL REVIEW, SIGNS AS PAID PREPARER AND ASSISTS WITH THE ELECTRONIC SUBMISSION OF THE FORM 990. UTILIZING THIS METHODOLOGY, A COPY OF THE FORM 990 IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY FOR REVIEW AND COMMENT PRIOR TO THE FORM 990 BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C UPON ELECTION TO THE BOARD OF DIRECTORS, ALL DIRECTORS ARE REQUIRED TO COMPLETE A WRITTEN CONFLICT OF INTEREST FORM IN CONNECTION WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THE ORGANIZATION ALSO FOLLOWS THE PRACTICE OF UPDATING OFFICERS AND DIRECTORS' CONFLICT OF INTEREST INFORMATION IN WRITING ANNUALLY. THE ASSISTANT TO THE CEO MONITORS THE DISTRIBUTION AND RECEIPT OF THE BOARD'S WRITTEN CONFLICT OF INTEREST FORMS. WHEN THE COMPLETED FORMS HAVE BEEN RECEIVED, THE ASSISTANT TO THE CEO RECORDS AND REPORTS CONFLICTS IF ANY, TO THE BOARD CHAIR AND CEO FOR THEIR REVIEW AND FURTHER ACTION. ALL BOARD MEMBERS AND EMPLOYEE PERSONNEL ARE SUBJECT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICIES. ALL EMPLOYEES ARE REQUIRED TO ACT INDEPENDENTLY AND WITHOUT A CONFLICT OF INTEREST IN THE PERFORMANCE OF THEIR JOB DUTIES. IN ADDITION, AS PART OF THE BOARD MEMBER'S AND EMPLOYEE PERSONNEL'S TRAINING ANY POTENTIAL CONFLICT OF INTEREST PROHIBITIONS AND SITUATIONS ARE COVERED AND DISCUSSED. THE ORGANIZATION HAS ESTABLISHED AN "OVERSIGHT COMPLIANCE COMMITTEE" COMPOSED OF DIRECTORS OF THE BOARD AND STAFFED BY THE CORPORATE COMPLIANCE OFFICER AND COMPLIANCE PERSONNEL. ALL POTENTIAL CONFLICTS OF INTEREST ARE INITIALLY REVIEWED BY THE CORPORATE COMPLIANCE OFFICER, COMPLIANCE PERSONNEL AND THE MANAGEMENT COMPLIANCE COMMITTEE AND AN INITIAL DETERMINATION OF POTENTIAL CONFLICTS IS MADE. THE POTENTIAL CONFLICT OF INTEREST AND THE INITIAL DETERMINATION IS THEN REPORTED TO, AND DISCUSSED WITH THE OVERSIGHT COMPLIANCE COMMITTEE OF THE BOARD WHICH MAKES THE FINAL DETERMINATION WITH REGARDS TO WHETHER A CONFLICT OF INTEREST DOES, OR DOES NOT EXIST. ANY PERSON, INCLUDING BOARD MEMBERS, OFFICERS, DIRECTORS, KEY EMPLOYEES AND / OR MANAGERS AND ALL EMPLOYEE PERSONNEL ARE PROHIBITED BY THE BOARD CONFLICT OF INTEREST POLICY FROM PARTICIPATING IN ANY TRANSACTION IN WHICH THE OVERSIGHT COMPLIANCE COMMITTEE HAS DETERMINED THAT A CONFLICT OF INTEREST EXISTS. THE OVERSIGHT COMPLIANCE COMMITTEE PROVIDES REPORTS OF ITS ACTIVITIES DIRECTLY TO THE BOARD OF THE ORGANIZATION. ANY PERSON FOUND TO HAVE KNOWINGLY VIOLATED THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS SUBJECT TO DISCIPLINARY ACTION AND / OR DISMISSAL. BOARD MEMBERS ARE GENERALLY REMINDED FROM TIME-TO-TIME AT BOARD AND COMMITTEE MEETINGS OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. BOARD AND COMMITTEE MEMBERS ARE ASKED TO DISCLOSE ANY ISSUE OR MATTER IN WHICH THEY HAVE A CONFLICT AS INDICATED ABOVE. THEY ARE ALSO ASKED TO ABSTAIN FROM VOTING ON SUCH MATTERS. EMPLOYEES ARE REMINDED ABOUT POTENTIAL CONFLICTS OF INTEREST THROUGH OUR CORPORATE AND MANDATORY TRAINING PROGRAMS. FORM 990, PART VI, SECTION B, LINE 15 ALL NINE ENTITIES ARE UNDER COMMON CONTROL AND FOLLOW THE SAME COMPENSATION PROCESS. THE BOARD OF DIRECTORS HAS ESTABLISHED A MANAGEMENT AND PERSONNEL COMMITTEE COMPRISED OF BOARD MEMBERS HAVING NO CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION AND BENEFIT MATTERS TO BE ESTABLISHED FOR ALL SENIOR EXECUTIVES EMPLOYED BY THE ORGANIZATION. THE BOARD COMMITTEE UTILIZES STUDY DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS IN ITS DELIBERATIONS. DATA HAS BEEN COMPILED USING AN INDUSTRY JOB DESCRIPTION / CLASSIFICATION COMPENSATION STUDY WHICH FOCUSES ON MULTI-ORGANIZATION, MULTI-LOCATION, MULTI-LEVEL CARE SENIOR LIVING SERVICE ORGANIZATIONS IN THE UNITED STATES FOR COMPARATIVE COMPENSATION INFORMATION WHICH IS COMPARED TO THE UNITED METHODIST HOME'S SENIOR EXECUTIVE COMPENSATION LEVELS. UNITED METHODIST HOME'S KEY EMPLOYEE AND EXECUTIVE COMPENSATION LEVELS ARE REVIEWED ANNUALLY BY THE MANAGEMENT AND PERSONNEL COMMITTEE AND ARE SUBSEQUENTLY INCORPORATED, UPON APPROVAL BY THE BOARD, INTO THE ORGANIZATION'S ANNUAL BUDGET. THESE DISCUSSIONS ARE DOCUMENTED IN THE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS, ARE AVAILABLE UPON REQUEST. FORM 990, PART VII: AS PREVIOUSLY DISCLOSED IN SCHEDULE O, THE BOARD OF DIRECTORS IS A COMMON BOARD. THE TIME SPENT AS REPORTED ON PART VII IS FOR THIS ORGANIZATION AS WELL AS THE RELATED ORGANIZATIONS REPORTED ON SCHEDULE R. FORM 990, PART XI, LINE 9: VALUATION LOSS BENEFITICAL INTEREST IN PERPETUAL TRUST 1,807,715. BROOKS CENTER INC 10 ACRE PLACE BINGHAMTON NY 13904 161446116 INACTIVE NY 501(C)(3) LINE 12A UMH NY CORP 0 THE GRACE VIEW MANOR NURSING HOME 10 ACRE PLACE BINGHAMTON NY 13904 223180239 NURSING HOME NY 501(C)(3) LINE 12A UMH NY CORP 0 UMH ECM CORP 10 ACRE PLACE BINGHAMTON NY 13904 161421889 NURSING HOME NY 501(C)(3) LINE 12A UMH NY CORP 0 UMH JGJ CORP 10 ACRE PLACE BINGHAMTON NY 13904 161421888 NURSING HOME NY 501(C)(3) LINE 12A UMH NY CORP 0 UMH MANAGEMENT SERVICES CORP 10 ACRE PLACE BINGHAMTON NY 13904 161486032 MANAGEMENT SERVICES NY 501(C)(3) LINE 12A UMH NY CORP 0 UMH NY CORP 10 ACRE PLACE BINGHAMTON NY 13904 240856145 NURSING AND RESIDENT SERVICES NY 501(C)(3) LINE 10 N/A 0 UMH PA CORP 10 ACRE PLACE BINGHAMTON NY 13904 223266577 NURSING AND RESIDENT SERVICES PA 501(C)(3) LINE 12A UMH NY CORP 0 WESLEY TOWERS INC 10 ACRE PLACE BINGHAMTON NY 13904 237095034 INACTIVE PA 501(C)(3) LINE 12A UMH NY CORP 0 PERPETUAL TRUSTS (3) CHARITABLE TRUSTS PA UNITED METHODIST HOMES T 1807705 22815109 1.00000 0 CHARITABLE REMAINDER ANNUITY TRUSTS (5) CHARITABLE REMAINDER ANNUITY NY 0 CHARITABLE REMAINDER UNITRUSTS (4) CHARITABLE REMAINDER UNITRUST NY 0 0 1 0 1 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 PART IV, IDENTICIATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST: NAME OF RELATED ORGANIZATION: PERPETUAL TRUSTS (3) DIRECT CONTROLLING ENTITY: UNITED METHODIST HOMES FOUNDATION