2024-11-15T16:18:12-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-07-01 840503809 FRASIER MEADOWS MANOR INC FRAS 3034994888 350 PONCA PLACE BOULDER CO 80303 CHRISTIE HINRICHS PRESIDENT AND CEO 3034994888 2024-11-14 1 1 SARAH HINTZ P00492291 3037795710 2024-11-14 2023 2024-10-15 13:58:12Z FRASIER CHRISTIE HINRICHS 350 PONCA PLACE BOULDER CO 80303 60535851 0 X WWW.FRASIERMEADOWS.ORG X 1954 CO PROVIDE HOUSING, HEALTHCARE, AND RELATED SERVICES TO SENIOR CITIZENS THROUGH A RETIREMENT FACILITY. 13 13 370 294 0 0 694400 2262966 41345286 47101391 2062740 3093355 1158963 252410 45261389 52710122 116500 601339 0 0 16336131 17656349 0 0 36936 27660172 27673600 44112803 45931288 1148586 6778834 254252055 263292730 232838590 229999282 21413465 33293448 BUILD COMMUNITY THAT INSPIRES AND CELEBRATES LIFE. 0 0 31847384 601339 47101391 FRASIER MEADOWS MANOR IS TAX-EXEMPT CONTINUING CARE RETIREMENT COMMUNITY OPERATED TO FURTHER THE VISION AND MISSION OF THE UNITED METHODIST CHURCH AS EXPRESSED BY ITS GENERAL BOARD OF DISCIPLESHIP THROUGH THE METHODIST CENTER ON AGING AND OLDER ADULT MINISTRIES. THE FACILITY INCLUDES INDEPENDENT LIVING, ASSISTED LIVING AND SKILLED NURSING CARE, WHICH INCLUDES INDEPENDENT AND ASSISTED RESIDENTIAL COMPETENCY SUPPORT, MEAL SERVICES, CHAPLAINCY PROGRAM WITH OPPORTUNITIES FOR SPIRITUAL GROWTH AND SUPPORT, AND RECREATIONAL AND THERAPEUTIC ACTIVITIES. THE FACILITIES AND PROGRAMS ARE DESIGNED TO MEET THE UNIQUE NEEDS OF SENIORS FOR FINANCIAL SECURITY, CONSISTENCY AND ACCESSIBLE HEALTHCARE, AND TO ENHANCE OPPORTUNITIES FOR INDEPENDENT "AGING IN PLACE". STATISTICAL INFORMATION IS AVAILABLE UPON REQUEST. 31847384 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 44 0 1 370 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 13 13 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X NIKKI LEWIS 7205624304 350 PONCA PLACE BOULDER CO 80303 TIMOTHY JOHNSON - FORMER PRESIDENT AND CEO (THROUGH 6/30/23) 40.00 0.00 X 563028 0 29467 NIKKI LEWIS CFO 40.00 2.00 X 326511 0 67824 COLLEEN RYAN MALLON CHIEF GROWTH OFFICER 40.00 0.00 X 256920 0 66343 TOMAS MENDEZ VP OF OPERATIONS 40.00 0.00 X 238008 0 65292 CHRISTIE HINRICHS PRESIDENT AND CEO 40.00 2.00 X 287510 0 8505 MICHELLE MCPARLAND VP OF HEALTH 40.00 0.00 X 202726 0 56602 JENNIFER HOUGHTALING VP OF HUMAN RESOURCES 40.00 0.00 X 171330 0 65163 COREY DRAGGE DIRECTOR OF FACILITIES 40.00 0.00 X 138817 0 56665 JEFFREY PUCKETT DIRECTOR OF I.T. 40.00 0.00 X 165780 0 26491 MONICA HEWELL DIRECTOR OF NURSING 40.00 0.00 X 131863 0 31895 DAVID SLACK CSO (THROUGH 12/31/23) 40.00 0.00 X 123334 0 4391 LESLIE DURGIN CHAIR 2.00 0.40 X X 0 0 0 JIM WILLIAMS VICE CHAIR 2.00 0.00 X X 0 0 0 MEREDITH BENEDICT TREASURER 2.00 0.40 X X 0 0 0 BETTY HOYE SECRETARY 2.00 0.00 X X 0 0 0 JANE BRAUTIGAM TRUSTEE 2.00 0.40 X 0 0 0 SUSAN CONNELLY TRUSTEE 2.00 0.00 X 0 0 0 BARBARA FARHAR TRUSTEE 2.00 0.00 X 0 0 0 CHRIS HIGHNAM TRUSTEE 2.00 0.00 X 0 0 0 KEN HOSTELLEY TRUSTEE 2.00 0.00 X 0 0 0 REV STEPHANIE KIDWELL TRUSTEE 2.00 0.00 X 0 0 0 RICK LAWRENCE TRUSTEE 2.00 0.00 X 0 0 0 MARK LIEBETRAU TRUSTEE 2.00 0.00 X 0 0 0 CHERYL RUNYON TRUSTEE 2.00 0.00 X 0 0 0 2605827 0 478638 17 1 1 0 MORRISON SENIOR LIVING PO BOX 102289 ATLANTA GA 30368 DINING SERVICES MANAGEMENT 2834326 DG CONSTRUCTION 3525 S BRENTWOOD ST LAKEWOOD CO 80235 CONSTRUCTION 2132548 SMART WINDOWS 740 S PIERCE AVE STE 5 LOUISVILLE CO 80027 REPLACEMENT OF WINDOWS 900000 HIGHLAND'S HANDYMAN LLC 161 S EMERY STREET DENVER CO 80209 APARTMENT REMODELS AND OTHER REPAIRS 506784 HAYNE'S MECHANICAL SYSTEMS INC PO BOX 561389 DENVER CO 80256 HVAC SYSTEMS 480005 28 2262966 889588 2262966 PATIENT SERVICE REVENUE 623000 21551610 21551610 EARNED ENTRANCE FEES 623000 11263510 11263510 MANOR RESIDENT REVENUE 623000 8950396 8950396 ASSISTED LIVING RESIDENT REVENUE 623000 4420565 4420565 OTHER PROGRAM REVENUE 623000 593651 593651 321659 321659 47101391 2296679 2296679 309118 56708 252410 252410 252410 8565697 7769021 796676 796676 796676 52710122 47101391 0 3345765 601339 601339 1573798 228366 1345432 12585728 10264500 2321228 447282 360356 86926 2006248 1395572 610676 1043293 813271 230022 508453 508453 367541 367541 122320 122320 184116 184116 1057163 939016 118147 225941 71832 154109 194749 27583 167166 91203 91203 6973369 5542403 1401363 29603 52350 12975 39375 57805 29751 28054 5199746 5199746 10204734 10204734 965766 965766 EQUIP. RENTAL/REPAIRS 284951 101707 183244 BAD DEBT EXPENSES 280081 280081 DUES AND SUBS 82857 34799 47880 178 LICENSES & FEES 77445 77445 743010 353201 382654 7155 45931288 31847384 14046968 36936 1854245 1057993 2589598 483630 1743187 840794 56155 60904 399528 386391 258815208 84627092 176729913 174188116 65639396 81507522 5240033 4767380 254252055 263292730 3722333 4126070 83405005 83798485 116626840 114820059 20250565 19780209 7339738 6009415 1494109 1465044 232838590 229999282 X 20627968 32439291 785497 854157 21413465 33293448 254252055 263292730 X 6778834 5537444 -436295 X X 0 1 X 1 0 X 487544 5657523 1140707 694400 2262966 10243140 27797922 36570302 39577758 41345286 47101391 192392659 28285466 42227825 40718465 42039686 49364357 202635799 25805 25147 179938 12100 1502937 1745927 0 25805 25147 179938 12100 1502937 1745927 200889872 904050 1130036 2002865 2088641 2605797 8731389 904050 1130036 2002865 2088641 2605797 8731389 -5372456 914035 -4458421 29189516 37985405 42721330 45042362 51970154 206908767 0.97090 0.98240 0.04220 0.04080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 531961 75100 607061 476784 55177 531961 545245 9150 77611 476784 427477 7560 116396 6188 545245 410381 8194 17735 8833 427477 0.19916 0.42192 0.37892 0 0 84338 84338 231522868 75116747 156406121 4904808 2162852 2741956 11072324 7347493 3724831 11230870 11230870 174188116 ANNUITIES PAYABLE 68149 APPLICANT DEPOSITS 1260554 ROU LEASE OBLIGATION 136341 1465044 X 57683863 5537444 -436295 5101149 52582714 184116 -56708 127408 52710122 45303940 58107 58107 45245833 184116 501339 685455 45931288 PART IV, LINE 2B: INDIVIDUALS ADMITTED AS RESIDENTS OF THE ORGANIZATION ARE ENTITLED TO A REFUND OF A PORTION OF THEIR ENTRANCE FEES, BASED ON WHICH OF THREE CONTRACT OPTIONS THEY SELECT. THE STATE OF COLORADO REQUIRES THAT THE ORGANIZATION REFUND THE RESIDENT'S REFUNDABLE FEES WITHIN 180 DAYS OF TERMINATION OF THE AGREEMENT. PART V, LINE 4: THE ENDOWMENT FUNDS CONSIST OF VARIOUS FUNDS ESTABLISHED TO HELP ACCOMPLISH THE ORGANIZATION'S PROGRAM SERVICES. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. ACCORDINGLY, NO PROVISION IS MADE FOR FEDERAL, STATE, OR LOCAL INCOME TAXES. THE ORGANIZATION APPLIES A MORE LIKELY THAN NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2024 AND 2023. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED AS GENERAL AND ADMINISTRATIVE EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2024 OR 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAINS ON INTEREST RATE SWAPS -436,295. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -56,708. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES TO RELATED ORGANIZATION 1,399. RENTAL EXPENSES 56,708. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFER OF NET ASSETS WITHOUT DONOR RESTRICTIONS 501,339. 1 SISTER CARMEN 655 ASPEN RIDGE DRIVE LAFAYETTE CO 80026 840820305 501(C)(3) 20000 0 N/A N/A TO FUND A PILOT PROGRAM THAT GUARANTEED FINANCIAL ASSISTANCE FOR 3-6 MONTH PERIOD WHILE WORKING ON PROVIDING TRAINING TO IMPROVE LONGER TERM ECONOMIC STABILITY BOULDER HOUSING PARTNERS 4800 NORTH BROADWAY BOULDER CO 80304 841584949 501(C)(3) 42500 0 N/A N/A TO PROVIDE FURNISHINGS FOR 15 UNHOUSED SENIORS MOVING INTO BHP HOUSING BOULDER COUNTY AREA AGENCY (BCAAA) PO BOX 471 BOULDER CO 80306 846000566 CITY OF BOULDER 17500 0 N/A N/A TO PROVIDE CONTACTS WITH UNDERSERVED SENIORS IN NEED OF FINANCIAL HELP TO KEEP THEIR HOME HABITABLE BOULDER'S OLDER ADULT SERVICES (OAS) 1777 BROADWAY BOULDER CO 80302 846000566 CITY OF BOULDER 7500 0 N/A N/A TO SUBSIDIZE LOW INCOME SENIORS IN ACTIVITIES HARVEST OF HOPE PANTRY 4830 PEARL STREET BOULDER CO 80301 274010250 501(C)(3) 7500 0 N/A N/A TO SET UP MOBILE PANTRIES TWICE A MONTH AT 2 LOW INCOME HOUSING COMMUNITIES FRASIER LIVING INC 350 PONCA PLACE BOULDER CO 80303 991450130 501(C)(3) 501339 0 N/A N/A OPERATING SUPPORT 6 0 PART I, LINE 2: THE ORGANIZATION DOES NOT MONITOR THE USE OF FUNDS GRANTED TO ORGANIZATIONS. X X X X 0 1 0 0 0 1 0 0 0 TIMOTHY JOHNSON - FORMER PRESIDENT AND CEO (THROUGH 6/30/23) 241602 0 101422 0 220004 0 0 0 29467 0 592495 0 0 0 NIKKI LEWIS CFO 301501 0 25010 0 0 0 26112 0 41712 0 394335 0 0 0 COLLEEN RYAN MALLON CHIEF GROWTH OFFICER 235125 0 21742 0 53 0 20451 0 45892 0 323263 0 0 0 TOMAS MENDEZ VP OF OPERATIONS 207656 0 30352 0 0 0 19255 0 46037 0 303300 0 0 0 CHRISTIE HINRICHS PRESIDENT AND CEO 287510 0 0 0 0 0 0 0 8505 0 296015 0 0 0 MICHELLE MCPARLAND VP OF HEALTH 189724 0 13002 0 0 0 16295 0 40307 0 259328 0 0 0 JENNIFER HOUGHTALING VP OF HUMAN RESOURCES 149435 0 21895 0 0 0 12470 0 52693 0 236493 0 0 0 COREY DRAGGE DIRECTOR OF FACILITIES 126437 0 12380 0 0 0 0 0 56665 0 195482 0 0 0 JEFFREY PUCKETT DIRECTOR OF I.T. 151855 0 13925 0 0 0 0 0 26491 0 192271 0 0 0 MONICA HEWELL DIRECTOR OF NURSING 120060 0 11750 0 53 0 0 0 31895 0 163758 0 0 0 PART I, LINE 4B IN MAY 2014, THE ORGANIZATION ADOPTED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) UNDER SECTION 457(F) COVERING CERTAIN KEY EMPLOYEES AS SELECTED BY THE EXECUTIVE COMMITTEE ACTING ON BEHALF OF THE BOARD OF TRUSTEES. EACH ANNUAL DISCRETIONARY CONTRIBUTION THE ORGANIZATION CONTRIBUTES TO THE PARTICIPANTS VESTS AS DETERMINED BY THE EXECUTIVE COMMITTEE. UPON VESTING, DEATH, PERMANENT DISABILITY, OR TERMINATION WITHOUT CAUSE, THE PARTICIPANT OR BENEFICIARY WILL RECEIVE A LUMP-SUM DISTRIBUTION WITHIN 60 DAYS. ALL OTHER SEPARATION FROM SERVICE RESULTS IN FORFEITURE. THE FOLLOWING CONTRIBUTIONS WERE MADE DURING THE FISCAL YEAR: NIKKI LEWIS- $22,500 COLLEEN RYAN MALLON $20,451 TOMAS MENDEZ $19,255 MICHELLE MCPARLAND $16,295 JENNIFER HOUGHTALING $12,470 THE FOLLOWING DISTRIBUTIONS WERE MADE DURING THE YEAR: TIM JOHNSON'S BALANCE WAS DISTRIBUTED IN JANUARY 2023 TOTALING $220,004. THIS AMOUNT WAS INCLUDED IN W-2 WAGES. PART I, LINE 6 THE ORGANIZATION HAS AN INCENTIVE COMPENSATION PLAN FOR EXECUTIVES, VICE PRESIDENTS AND OTHER LEADERSHIP POSITIONS. NET INCOME IS ONE OF SEVERAL FACTORS INCLUDED IN THE PLAN. OTHER FACTORS INCLUDE ADHERENCE TO BUDGETS, OCCUPANCY, AND COMPLETING A SMART GOAL. A COLORADO HEALTH FACILITIES AUTHORITY 840752932 19648FBX1 2017-04-18 87452159 REFUND SERIES 2008 BONDS; CAPITAL EXPENDITURES 0 0 0 B COLORADO HEALTH FACILITIES AUTHORITY 840752932 2020-07-08 40000000 PARTIALLY DEFEASE THE APRIL 2017 BONDS 0 0 0 C COLORADO HEALTH FACILITIES AUTHORITY 840752932 19648FTE4 2023-02-15 37162179 REFUND SERIES 2017 BONDS; CAPITAL EXPENDITURES 0 0 0 A 50510000 87452159 5719525 1450303 42633113 37649219 2019 1 0 1 1 B 40000000 611500 39388500 2020 1 0 1 1 C 75000 37162179 2666834 677959 33817387 2023 1 0 1 1 A 0 1 0 0 0.00800 0.00000 0.00800 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 0 0 0.00800 0.00000 0.00800 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: COLORADO HEALTH FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/31/2022 X 4 14380 FMV X 2 875208 FMV 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS WAS USED IN PART I. PART I, LINE 32B: A 3RD PARTY IS USED TO SELL DONATED VEHICLES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE BOARD'S CHAIR, VICE CHAIR, SECRETARY, IMMEDIATE PAST CHAIR, THE CHAIR OF THE FINANCE COMMITTEE, AND TWO OTHER TRUSTEES. THE EXECUTIVE COMMITTEE ACTS FOR THE BOARD OF TRUSTEES BETWEEN MEETINGS OF THE BOARD. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE ARE DISCLOSED IN MINUTES OF THEIR MEETINGS AND THEREAFTER RATIFIED BY THE BOARD OF TRUSTEE AT THEIR NEXT MEETING. FORM 990, PART VI, SECTION A, LINE 4 THE ARTICLES WERE AMENDED TO ADD THE SOLE MEMBER, FRASIER LIVING, INC. THE BYLAWS WERE AMENDED TO ADD THE SOLE MEMBER, FRAISER LIVING, INC., AND THE RIGHTS AND POWERS RESERVED TO THE MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION SHALL HAVE A SOLE MEMBER, FRASIER LIVING, INC. FORM 990, PART VI, SECTION A, LINE 7A FRASIER LIVING, THE SOLE MEMBER, SHALL HAVE THE RIGHTS AND POWERS TO APPROVE AND REMOVE ALL MEMBERS OF THE CORPORATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING RIGHTS AND POWERS SHALL BE RESERVED TO FRASIER LIVING, THE SOLE MEMBER: A. APPROVAL OF DIRECTORS. APPROVE ALL MEMBERS OF THE CORPORATION'S BOARD OF DIRECTORS; B. REMOVAL OF DIRECTORS. REMOVE ANY DIRECTOR SERVING ON THE CORPORATION'S BOARD OF DIRECTORS; C. OFFICERS. APPOINT AND REMOVE THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE CORPORATION ("PRESIDENT/CEO") AND APPROVE AND REMOVE ALL OTHER OFFICERS OF THE CORPORATION; D. STRATEGIC PLANS. APPROVE STRATEGIC, OPERATING, AND MASTER PLANS OF THE CORPORATION; E. BUDGETS. APPROVE ALL ANNUAL OPERATING AND CAPITAL BUDGETS OF THE CORPORATION; F. SIGNIFICANT TRANSACTIONS. APPROVE ANY MERGER OR CONSOLIDATION OF THE CORPORATION OR ITS SUBSIDIARY, OR ANY TRANSACTION PROVIDING FOR THE SALE, MORTGAGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF CORPORATION'S ASSETS; G. LNCURRANCE OF DEBT. APPROVE ANY INCURRENCE, ASSUMPTION, OR GUARANTEE OF DEBT BY THE CORPORATION; H. REAL ESTATE. APPROVE THE NON-BUDGETED PURCHASE, SALE OR LEASE OF ALL REAL ESTATE OF THE CORPORATION; I. AUDITORS. APPROVE THE FINANCIAL AUDITORS OF THE CORPORATION AND ITS SUBSIDIARIES; J. ORGANIZATIONAL DOCUMENTS. APPROVE ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION, BYLAWS, OPERATING AGREEMENTS OR ANALOGOUS GOVERNING DOCUMENTS OF THE CORPORATION AND ITS SUBSIDIARIES; K. NEW AFFILIATIONS. APPROVE ANY STRATEGIC AFFILIATIONS, JOINT VENTURE, OR JOINT ENTERPRISE BY THE CORPORATION; I. BANKRUPTCY. APPROVE ANY BANKRUPTCY FILING OR ANY INSOLVENCY PROCEEDING BY THE CORPORATION; M. NEW ENTITIES. APPROVE THE CREATION OF NEW AFFILIATES AND SUBSIDIARIES OF THE CORPORATION; N. LEGAL COMPLIANCE. APPROVE ALL WRITTEN COMPLIANCE-RELATED POLICIES AND PROCEDURES OF THE CORPORATION; O. COMPENSATION AND BENEFITS. APPROVE SALARIES, WAGE RATES, COMPENSATION AND EMPLOYEE BENEFITS OF THE CORPORATION'S EXECUTIVES; P. DISSOLUTION. APPROVE THE DISSOLUTION, CONVERSION OR LIQUIDATION OF THE CORPORATION; Q. MATERIAL CONTRACTS. APPROVE CONTRACTS THAT CALL FOR EXPENDITURES BY THE CORPORATION OR A SUBSIDIARY THE SUMS OF WHICH EQUAL OR EXCEED $250,000 PER FISCAL YEAR OR WHICH EQUAL OR EXCEED $500,000 FOR A ONE-TIME PURCHASE. R. NON-BUDGETED EXPENSES. APPROVE NON-BUDGETED OPERATING EXPENSES AND CAPITAL EXPENDITURE BY THE CORPORATION OR A SUBSIDIARY THE SUMS OF WHICH, INDIVIDUALLY OR IN THE AGGREGATE, EQUAL OR EXCEED $250,000; S. SETTLEMENTS. APPROVE THE INITIATION OR SETTLEMENT OF LITIGATION BY THE CORPORATION OR A SUBSIDIARY; T. INVESTMENTS. APPROVE ALL SIGNIFICANT INVESTMENTS AND INVESTMENT POLICY OF THE CORPORATION. U. NEW SERVICE LINES. APPROVE NEW SERVICE OR BUSINESS LINES NOT PREVIOUSLY PROVIDED BY THE CORPORATION; AND V. DISCONTINUANCE OF SERVICE LINES. APPROVE THE DISCONTINUANCE OF EXISTING SERVICE OR BUSINESS LINES PROVIDED BY THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990 IS REVIEWED BY THE CFO, CEO AND BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE OR OFFICER SIGNS A COPY OF THE CONFLICT OF INTEREST POLICY AT THE INITIATION OF HIS OR HER TERM OF OFFICE, ANNUALLY THEREAFTER, AND AT THE TIME OF ANY SIGNIFICANT CHANGE OF DUTIES. DURING THE YEAR, CONFLICTS ARE BROUGHT UP AND RECORDED IN THE BOARD OF TRUSTEES MINUTES. IF ANY CONFLICTS OF INTEREST EXIST, THE BOARD MEMBERS RECUSE THEMSELVES FROM VOTING ON ANY MATTER PERTAINING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE ACTS AS THE COMPENSATION COMMITTEE FOR DETERMINING THE COMPENSATION OF THE CEO AND OTHER OFFICERS OF FRASIER MEADOWS MANOR. AT LEAST EVERY FOUR YEARS, THE EXECUTIVE COMMITTEE COMMISSIONS A QUALIFIED INDEPENDENT CONSULTING FIRM TO EVALUATE THE ORGANIZATION'S EXECUTIVE COMPENSATION PROGRAM. USING THE DATA FROM THE COMPENSATION STUDY, THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION PACKAGES OF THE CEO AND OTHER EXECUTIVE POSITIONS. FRASIER LIVING APPROVES SALARIES, WAGE RATES, COMPENSATION AND EMPLOYEE BENEFITS. THE EXECUTIVE COMMITTEE MAINTAINS THE REQUIRED DOCUMENTATION OF THE PROCESS IN THE MINUTES OF ITS MEETINGS, WHICH INCLUDES, AMONG OTHER INFORMATION, THE TERMS OF THE COMPENSATION PACKAGES AND THE COMPARABILITY DATA USED IN DETERMINING THE COMPENSATION PACKAGES. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAINS ON INTEREST RATE SWAPS -436,295. FORM 990, PART XII, LINE 2C: THE BYLAWS WERE CHANGED IN 2024 AND FRASIER LIVING NOW HAS THE SOLE AUTHORITY TO APPROVE THE SELECTION OF THE FINANCIAL AUDITORS. FRASIER LIVING INC 350 PONCA PLACE BOULDER CO 80303 991450130 SUPPORT OF FRASIER MEADOWS CO 501(C)(3) LINE 12C, III-FI N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0