2024-02-14T11:39:49-06:00 2022-12-31 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2022-01-01 631169107 REDSTONE VILLAGE F/K/A REDSTONE MILITARY RETIREMENT REDS 2568816717 12000 TURNMEYER DRIVE HUNTSVILLE AL 35803 COL USA RET ARTHUR C MEIER II PRESIDENT 2568816717 2024-02-14 1 COL USA RET ARTHUR C MEI 999009999 1 KURT A ALTER CPA P00059492 4077405400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z COL USA RET ARTHUR C 12000 TURNMEYER DRIVE HUNTSVILLE AL 35803 20423928 0 X WWW.REDSTONEVILLAGE.ORG X 1994 AL OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY TO PROVIDE HOUSING AND SERVICES TO THE ELDERLY. 13 13 413 25 0 0 1486782 0 18019095 20277872 8188 53198 34111 34111 19548176 20365181 0 0 0 0 8557922 9591255 0 0 0 16380062 22742461 24937984 32333716 -5389808 -11968535 75839783 73984315 145359497 155558432 -69519714 -81574117 THE ORGANIZATION'S MISSION IS TO PROVIDE HOUSING, HEALTHCARE, AND RELATED SERVICES TO MEET THE NEEDS OF ELDERLY PERSONS IN THE STATE OF ALABAMA CONTRIBUTING TO THEIR HEALTH, SECURITY, HAPPINESS, AND PHYSICAL AND MENTAL WELL-BEING. 0 0 28471071 20277872 THE ORGANIZATION PROVIDES HOUSING, HEALTHCARE AND RELATED SERVICES TO SENIOR ADULTS THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY IN HUNTSVILLE, ALABAMA. THE COMMUNITY CONSISTS OF 127 INDEPENDENT LIVING APARTMENT UNITS, 21 INDEPENDENT LIVING PATIO HOMES, 60 COMBINED ASSISTED LIVING AND CATERED LIVING APARTMENT UNITS, A 48-BED MEMORY SUPPORT ASSISTED LIVING CENTER, AND A 56-BED SKILLED NURSING CENTER. REDSTONE VILLAGE PROVIDES VARIOUS SERVICES TO ITS RESIDENTS, SUCH AS, FOOD PREPARATION AND SERVICE, ACTIVITIES, HOUSEKEEPING, MAINTENANCE AND TRANSPORTATION SERVICES TO CONTRIBUTE TO THE RESIDENTS' HEALTH, SECURITY, HAPPINESS AND PHYSICAL WELL-BEING, WHICH IS THE ORGANIZATION'S EXEMPT PURPOSE. 28471071 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 66 0 1 413 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL X GABRIELA HUGHES 2568816717 12000 TURNMEYER DRIVE HUNTSVILLE AL 35803 X LAUREN PHILLIPS DIRECTOR OF SALES/MKTG 40.00 0.00 X 139941 0 13512 VICKI NESMITH SKILLED NURSING ADMINISTRATOR 40.00 0.00 X 137107 0 16299 COREY LEWIS FOWLER MARKETING MANAGER 40.00 0.00 X 108060 0 3750 CATINA JOYCETTE RASBERRY-JOHNSON LICENSED PRACTICAL NURSE 40.00 0.00 X 109836 0 0 MELISSA JANE SCRIVNER EXECUTIVE DIRECTOR 40.00 0.00 X 0 0 0 COL RET ARTHUR MEIER II PRESIDENT/TREASURER 3.00 0.00 X X 0 0 0 COL RET TOM HOUSER 1ST VICE PRESIDENT 0.50 0.00 X X 0 0 0 SCOTT SHIFRIN 2ND VICE PRESIDENT 1.00 0.00 X X 0 0 0 PATTY ANGLES SECRETARY 0.75 0.00 X X 0 0 0 JACKSON BALCH BOARD MEMBER 0.50 0.00 X 0 0 0 FRED BICKLEY BOARD MEMBER 0.50 0.00 X 0 0 0 MAC BUTRAM BOARD MEMBER 0.50 0.00 X 0 0 0 WALTER BUTLER BOARD MEMBER 0.50 0.00 X 0 0 0 JOCELYN CRAIGHEAD BOARD MEMBER 0.50 0.00 X 0 0 0 STEVE HILL BOARD MEMBER 0.50 0.00 X 0 0 0 MARC JACOBSON BOARD MEMBER 0.50 0.00 X 0 0 0 CHRISTY NALLEY BOARD MEMBER 0.50 0.00 X 0 0 0 PAUL PARDEW BOARD MEMBER 0.25 0.00 X 0 0 0 494944 0 33561 4 0 1 0 FUNCTIONAL PATHWAYS OF TENNESSEE LLC 10133 SHERRIL BLVD SUITE 200 KNOXVILLE TN 37932 THERAPY SERVICES 652092 GREENBRIER SENIOR LIVING LLC 3232 MCKINNEY AVE SUITE 1160 DALLAS TX 75204 MANAGEMENT SERVICES 600380 INSPIRE SENIOR MARKETING SOLUTIONS 9130 CORONADO CIRCLE DESOTO KS 66018 MARKETING SERVICES 462332 HALEY'S FLOORING & INTERIORS INC 2806 BOB WALLACE AVENUE HUNTSVILLE AL 35807 CONSTRUCTION SERVICES 368376 HAYES PAINTING & PRESSURE WASHING 798 MAT MORROW DR ARAB AL 35016 PAINTING SERVICES 267205 11 RESIDENTIAL SERVICES 623000 6796215 6796215 SKILLED NURSING REVENUES 623000 6093396 6093396 ASSISTED LIVING FEES 623000 5016749 5016749 EARNED ENTRANCE FEES 623000 2172626 2172626 OTHER RESIDENT REVENUE 623000 198886 198886 20277872 110725 110725 34111 0 34111 34111 34111 1220 58747 -57527 -57527 -57527 20365181 20277872 0 87309 8046316 6885601 1160715 821622 277330 544292 723317 622053 101264 592134 592134 445239 392385 52854 38093 38093 7563 7563 1215049 1203393 11656 212599 212599 403475 36014 367461 1230853 1221422 9431 47417 30529 16888 12099357 12099357 3439182 3423960 15222 880614 337094 543520 SUPPLIES 1838954 1715164 123790 MISCELLANEOUS 291932 226769 65163 32333716 28471071 3862645 0 2093274 2112798 561901 804029 23872 30093 641499 306186 102856430 42769753 62049700 60086677 10155077 10330072 154000 154000 160460 160460 75839783 73984315 21655871 32279586 40321113 39559875 83298375 83605141 84138 113830 145359497 155558432 X -69519714 -81574117 -69519714 -81574117 75839783 73984315 -11968535 -85868 0 X X 0 1 X 1 0 X 900 1742 738695 1486782 2228119 16513873 18067992 17449663 18019095 20277872 90328495 16514773 18069734 18188358 19505877 20277872 92556614 0 0 0 92556614 163287 125978 113852 82778 144836 630731 163287 125978 113852 82778 144836 630731 178552 266504 445056 16856612 18462216 18302210 19588655 20422708 93632401 0.98850 0.98670 0.00670 0.00680 X 2271357 2271357 84451461 31401962 53049499 12732664 9364130 3368534 3400948 2003661 1397287 60086677 MONEY MARKET FUNDS 8443588 F MUNICIPAL BONDS 363677 F U.S. GOVERNMENT OBLIGATIONS 580855 F CORPORATE BONDS 941952 F 10330072 REFUNDABLE DEPOSITS 113830 113830 X 20271750 -85868 -85868 20357618 7563 7563 20365181 32326153 0 32326153 7563 7563 32333716 PART X, LINE 2: REDSTONE VILLAGE IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF ALABAMA AND HAS BEEN GRANTED RECOGNITION OF ITS TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO INCOME TAX LIABILITY OR PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2022, WITH CERTAIN EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL OR STATE OF ALABAMA TAXING AUTHORITIES FOR ANY TAX YEARS BEFORE DECEMBER 31, 2017. 0 0 0 0 0 0 0 0 0 LAUREN PHILLIPS DIRECTOR OF SALES/MKTG 139941 0 0 0 0 0 0 0 13512 0 153453 0 0 0 VICKI NESMITH SKILLED NURSING ADMINISTRATOR 137107 0 0 0 0 0 9796 0 6503 0 153406 0 0 0 A SERIES 2007-SPECIAL CARE FACILITIES FIN AUTH OF CITY OF HUNTSVILLE 030494701 447297AL6 2007-05-08 63480000 SEE SUPPLEMENTAL INFORMATION 1 0 0 B SERIES 2008-SPECIAL CARE FACILITIES FIN AUTH OF CITY OF HUNTSVILLE 030494701 447297AS1 2008-07-09 9215000 SEE SUPPLEMENTAL INFORMATION 0 0 0 C SERIES 2011-SPECIAL CARE FACILITIES FIN AUTH OF CITY OF HUNTSVILLE 030494701 447297AV4 2011-10-05 18330000 SEE SUPPLEMENTAL INFORMATION 0 0 0 D SERIES 2012-SPECIAL CARE FACILITIES FIN AUTH OF CITY OF HUNTSVILLE 030494701 447297AY8 2012-11-14 7050000 SEE SUPPLEMENTAL INFORMATION 0 0 0 A 8675000 5650250 62818663 415469 46897997 1256373 8598574 2008 0 1 1 1 B 835000 9030748 711656 184252 8190691 2009 0 0 1 1 C 8115000 18002524 2199525 366600 13893068 2435370 2012 0 0 1 1 D 610000 6909000 508219 141000 6400781 2013 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 1 0 0 1 BAYERISCHE LANDESBANK 6.000000000000 1 0 0 B 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 0 0 1 0 0 0 0 0 A 0 B 0 C 0 D 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: SERIES 2007-SPECIAL CARE FACILITIES FIN. AUTH. OF CITY OF HUNT DATE THE REBATE COMPUTATION WAS PERFORMED: 05/07/2017 ISSUER NAME: SERIES 2008-SPECIAL CARE FACILITIES FIN. AUTH. OF CITY OF HUNT DATE THE REBATE COMPUTATION WAS PERFORMED: 09/26/2014 ISSUER NAME: SERIES 2011-SPECIAL CARE FACILITIES FIN. AUTH. OF CITY OF HUNT DATE THE REBATE COMPUTATION WAS PERFORMED: 10/04/2016 SCHEDULE K, ROW A, PART I(F) PURPOSE OF SERIES 2007 BONDS: IN MAY 2007, THE ASSOCIATION ISSUED THE SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF HUNTSVILLE (THE "AUTHORITY"), RETIREMENT FACILITY REVENUE BONDS, SERIES 2007 (THE "SERIES 2007 BONDS"), WITH YEARLY PRINCIPAL DUE IN VARYING INSTALLMENTS THROUGH JANUARY 1, 2043. THE PROCEEDS OF THE SERIES 2007 BONDS WERE USED TO, AMONG OTHER THINGS, REFINANCE THE ORIGINAL CONSTRUCTION BONDS, FUND EXPANSION OF THE INDEPENDENT AND ASSISTED LIVING UNITS, FUND REQUIRED RESERVES, AND PAY THE COSTS OF ISSUANCE. THE SERIES 2007 BONDS WERE COLLATERALIZED BY A FIRST MORTGAGE LIEN ON SUBSTANTIALLY ALL PROPERTY OF THE ASSOCIATION BY A PLEDGE OF REVENUES AND BY CERTAIN ASSETS WHOSE USE IS LIMITED THAT ARE HELD BY A TRUSTEE. SCHEDULE K, ROW A, PART I(C) INFORMATION PERTAINING TO CUSIP OF 2007 SERIES BOND ISSUE: THE SERIES 2007 BOND ISSUE CONSISTS OF THE FOLLOWING: CUSIP NO. 447297AJ1, $4,940,000 5.25% TERM BONDS DUE JANUARY 1, 2015 CUSIP NO. 447297AK8, $15,735,000 5.50% TERM BONDS DUE JANUARY 1, 2028 CUSIP NO. 447297AL6, $42,805,000 5.5% TERM BONDS DUE JANUARY 1, 2043 SCHEDULE K, PART II, ROW A, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE: THE TOTAL PROCEEDS FOR SERIES 2007 BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS AN UNDERWRITERS DISCOUNT OF $661,337. SCHEDULE K, ROW B, PART I(F) PURPOSE OF SERIES 2008 BONDS IN JUNE 2008, THE ASSOCIATION ISSUED THE SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF HUNTSVILLE, RETIREMENT FACILITY REVENUE BONDS, SERIES 2008 (THE "SERIES 2008 BONDS"), WITH YEARLY PRINCIPAL DUE IN VARYING INSTALLMENTS THROUGH JANUARY 1, 2043. THE PROCEEDS OF THE SERIES 2008 BONDS WERE USED TO FINANCE THE CONSTRUCTION OF THE SPECIAL CARE ASSISTED LIVING FACILITY ("SCALF"), FUND REQUIRED RESERVES, AND PAY THE COSTS OF ISSUANCE. THE MORTGAGE AND SECURITY AGREEMENT WITH THE AUTHORITY WAS AMENDED TO INCLUDE THE SERIES 2008 BONDS AS SECURED OBLIGATIONS AND TO ADD THE SCALF PROPERTY TO THE COLLATERAL. THE SERIES 2008 BONDS ARE ALSO COLLATERALIZED BY A PLEDGE OF REVENUES AND BY CERTAIN ASSETS LIMITED AS TO USE THAT ARE HELD BY A TRUSTEE. SCHEDULE K, ROW B, PART I(C) INFORMATION PERTAINING TO CUSIP OF 2008 SERIES BOND ISSUE: THE SERIES 2008 BOND ISSUE CONSISTS OF THE FOLLOWING: CUSIP NO. 447297AQ5, $710,000 6.00% TERM BONDS DUE JANUARY 1, 2018 CUSIP NO. 447297AR3, $1,730,000 6.75% TERM BONDS DUE JANUARY 1, 2028 CUSIP NO. 447297AS1, $6,775,000 6.875% TERM BONDS DUE JANUARY 1, 2043 SCHEDULE K, PART II, ROW B, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE: THE TOTAL PROCEEDS FOR SERIES 2008 BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS AN UNDERWRITERS DISCOUNT OF $128,401. SCHEDULE K, ROW C, PART I(F) PURPOSE OF SERIES 2011 BONDS: IN SEPTEMBER 2011, THE ASSOCIATION ISSUED THE SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF HUNTSVILLE, RETIREMENT FACILITY REVENUE BONDS, SERIES 2011 (THE "SERIES 2011 BONDS"), WITH YEARLY PRINCIPAL DUE IN VARYING INSTALLMENTS THROUGH JANUARY 1, 2047. THE PROCEEDS OF THE SERIES 2011 BONDS WERE USED TO FINANCE THE CONSTRUCTION OF PHASE IV, FUND REQUIRED RESERVES, AND PAY THE COSTS OF ISSUANCE. THE MORTGAGE AND SECURITY AGREEMENT WITH THE AUTHORITY WAS AMENDED TO INCLUDE THE SERIES 2011 BONDS AS SECURED OBLIGATIONS AND TO ADD PHASE IV EXPANSION IMPROVE-MENTS TO THE COLLATERAL. THE SERIES 2011 BONDS ARE ALSO COLLATERALIZED BY A PLEDGE OF REVENUES AND BY CERTAIN ASSETS LIMITED AS TO USE THAT ARE HELD BY A TRUSTEE. SCHEDULE K, ROW C, PART I(C) INFORMATION PERTAINING TO CUSIP OF 2011 SERIES BOND ISSUE: THE SERIES 2011 BOND ISSUE CONSISTS OF THE FOLLOWING: CUSIP NO. 447297AU6, $1,835,000 7.125% TERM BONDS DUE JANUARY 1, 2032 CUSIP NO. 447297AV4, $7,550,000 7.50% TERM BONDS DUE JANUARY 1, 2047 CUSIP NO. 447297AW2, $7,820,000 5.50% TERM BONDS DUE JANUARY 1, 2017 CUSIP NO. 447297AT9, $645,000 6.25% TERM BONDS DUE JANUARY 1, 2022 SCHEDULE K, ROW C, PART II, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE: THE TOTAL PROCEEDS FOR SERIES 2011 BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS AN UNDERWRITERS DISCOUNT OF $327,476, PLUS ADDITIONAL FUNDS OF $497,911. SCHEDULE K, ROW D, PART I(F) PURPOSE OF SERIES 2012 BONDS: IN NOVEMBER 2012, THE ASSOCIATION ISSUED THE SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF HUNTSVILLE, RETIREMENT FACILITY REVENUE BONDS, SERIES 2012 (THE "SERIES 2012 BONDS"), WITH YEARLY PRINCIPAL DUE IN VARYING INSTALLMENTS THROUGH JANUARY 2028. THE PROCEEDS OF THE SERIES 2012 BONDS WERE USED TO FINANCE THE CONSTRUCTION OF PHASE V, FUND REQUIRED RESERVES, AND PAY THE COSTS OF ISSUANCE. THE MORTGAGE AND SECURITY AGREEMENT WITH THE AUTHORITY WAS AMENDED TO INCLUDE THE SERIES 2012 BONDS AS SECURED OBLIGATIONS AND TO ADD PHASE V EXPANSION IMPROVEMENTS TO THE COLLATERAL. THE SERIES 2012 BONDS ARE ALSO COLLATERALIZED BY A PLEDGE OF REVENUES AND BY CERTAIN ASSETS LIMITED AS TO USE THAT ARE HELD BY A TRUSTEE. SCHEDULE K, ROW D, PART II, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE: THE TOTAL PROCEEDS FOR SERIES 2012 BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS AN UNDERWRITERS DISCOUNT OF $105,750. SCHEDULE K, ROW A, PART I(F) PURPOSE OF SERIES 2014 BONDS: IN DECEMBER 2014, THE ASSOCIATION ISSUED THE SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF HUNTSVILLE, RETIREMENT FACILITY REVENUE BONDS, SERIES 2014 (THE "SERIES 2014 BONDS") TO (A) FINANCE THE CONSTRUCTION FOR PHASE VI AND (B) PAY THE COST OF ISSUANCE OF THE SERIES 2014 BONDS. THE SERIES 2014 BONDS ARE A CONSTRUCTION LINE-OF-CREDIT AGREEMENT, AND UP TO $5,795,000 WAS MADE AVAILABLE TO BE DRAWN THROUGH JULY 1, 2016. THE MORTGAGE AND SECURITY AGREEMENT WITH THE AUTHORITY WAS AMENDED TO INCLUDE THE SERIES 2014 BONDS AS SECURED OBLIGATIONS AND TO ADD PHASE VI EXPANSION IMPROVEMENTS TO THE COLLATERAL. THE SERIES 2014 BONDS ARE ALSO COLLATERALIZED BY A PLEDGE OF REVENUES. A SERIES 2014-SPECIAL CARE FACILITIES FIN AUTH OF CITY OF HUNTSVILLE 030494701 2014-12-22 5795000 SEE SUPPLEMENTAL INFORMATION 0 0 0 A 563219 5795000 115900 5679100 2016 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 3 REDSTONE VILLAGE ENTERED INTO A BOARD-APPROVED MANAGEMENT SERVICES AGREEMENT WITH GREENBRIER SENIOR LIVING, LLC. UNDER THE TERMS OF THIS AGREEMENT, THE MANAGEMENT COMPANY IS RESPONSIBLE FOR THE GENERAL DAY-TO-DAY OPERATING ACTIVITIES FOR THE FILING ORGANIZATION. DURING THE CURRENT YEAR, GREENBRIER SENIOR LIVING, LLC COMPENSATED THE ORGANIZATION'S EXECUTIVE DIRECTOR $183,893 FOR SERVICES RENDERED TO THE FILING ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FINANCIAL DIRECTOR CONDUCTS A COMPREHENSIVE REVIEW OF THE FORM 990 BEFORE IT IS FILED. A COPY OF THE RETURN IS PROVIDED TO EACH VOTING MEMBER OF THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES RECEIVE THE CONFLICT OF INTEREST POLICY IN THE EMPLOYEE HANDBOOK. IN ADDITION, THE BOARD OF DIRECTORS HAS ITS OWN CONFLICT OF INTEREST POLICY, WHICH IS REVIEWED ANNUALLY. THE EMPLOYEE HANDBOOK IS REVIEWED AND UPDATED ANNUALLY AND PROVIDED TO ALL EMPLOYEES FOR REVIEW. MANAGEMENT MONITORS ANY POTENTIAL CONFLICTS OF INTEREST THROUGHOUT THE YEAR AND RESPONDS ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE ORGANIZATION'S MANAGEMENT COMPANY, GREENBRIER SENIOR LIVING, LLC. HOWEVER, THE EXECUTIVE DIRECTOR IS DEEMED TO BE AN OFFICER OF THE ORGANIZATION DUE TO HIS OR HER ROLE AS THE TOP MANAGEMENT OFFICIAL. THE ORGANIZATION'S COMPENSATION COMMITTEE DETERMINES AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION. ADDITIONALLY, THE EXECUTIVE DIRECTOR IS SUBJECT TO PEER REVIEW AS PART OF THE ANNUAL ASSESSMENT PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND POSTED TO THE EMMA NATIONAL INFORMATION REPOSITORY. FORM 990, PART XII, LINE 2C OVERSIGHT OF AUDIT: THE BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.