2023-11-09T17:57:50-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2022-07-01 820719418 RIVERWOODS DURHAM RIVE 6036581786 14 STONE QUARRY DRIVE DURHAM NH 03824 KEVIN GOYETTE CFO 6036581786 2023-11-06 1 KEVIN GOYETTE 999009999 0 LAUREN N WEST P01970042 2156433900 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NATALEE D'ANTONI 14 STONE QUARRY DRIVE DURHAM NH 03824 31773140 0 X WWW.RIVERWOODSDURHAM.ORG X 2017 NH TO ESTABLISH, OWN, AND MAINTAIN A CHARITABLE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY 18 17 311 35 0 0 225196 138127 16740067 18843533 767163 1299111 -8174 -68250 17724252 20212521 0 20000 0 0 8963442 9960775 0 0 0 11923731 12882292 20887173 22863067 -3162921 -2650546 126625985 125584505 148802845 149698100 -22176860 -24113595 X THE MISSION OF RIVERWOODS DURHAM (RWD) IS TO ESTABLISH, OWN, AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WHICH PROVIDES HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY, AND OTHER ANCILLARY SERVICES TO ELDERLY PERSONS. 0 0 17366194 20000 18843533 RIVERWOODS DURHAM (RWD) HAS ONE PRIMARY PROGRAM SERVICE, TO ESTABLISH, MANAGE AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY, AND OTHER ANCILLARY SERVICES TO OLDER ADULTS OVER AGE 62. ON JUNE 30, 2023, THE COMMUNITY HOUSED APPROXIMATELY 217 RESIDENTS IN INDEPENDENT APARTMENTS AND 67 RESIDENTS IN OUR HEALTH CARE CENTER. OVER THE COURSE OF THE YEAR THE HEALTH CARE CENTER SERVED APPROXIMATELY 59 RESIDENTS ON A PERMANENT, TEMPORARY OR PER DIEM BASIS AT A SUBSTANTIALLY DISCOUNTED RATE. THE CONTRACTUAL ALLOWANCE (I.E. WRITE-OFF) RELATED TO THE LEVEL OF CARE PROVIDED FOR LIFECARE CONTRACT RESIDENTS WAS $3,078,139 FOR FY23. CONTINUED ON SCHEDULE O. AS A NOT-FOR-PROFIT CCRC, RWD HAS A BENEVOLENCE FUND TO HELP RESIDENTS WHO HAVE OUTLIVED THEIR ASSETS OR HAVE FOUND THEMSELVES UNABLE TO MAKE THEIR FINANCIAL COMMITMENT, THROUGH NO FAULT OF THEIR OWN. IF NEEDED, A RESIDENT CAN TURN TO THE RIVERWOODS BENEVOLENCE FUND, RATHER THAN PLACING FINANCIAL BURDEN ON SENIOR ASSISTANCE PROGRAMS OUTSIDE THE RIVERWOODS COMMUNITY.WOVEN INTO THE FABRIC OF OUR FOUNDING PRINCIPLES IS A COMMITMENT TO THE LOCAL COMMUNITY: "TO BE A RESPONSIBLE COMMUNITY THAT PARTICIPATES IN THE LIFE OF THE LARGER COMMUNITY AROUND IT." WE CONSIDER OURSELVES NEIGHBORS OF THE LOCAL COMMUNITY, AND WE ARE DEDICATED TO SERVING THE NEW HAMPSHIRE SEACOAST AREA BOTH WITH OUR TIME, KNOWLEDGE, AND THROUGH OUR RESOURCES. IN FY23, BOTH STAFF AND RESIDENTS FOUND MANY WAYS TO GIVE BACK, SERVE OTHERS, AND SUPPORT THE LOCAL COMMUNITY BY VOLUNTEERING THEIR TIME ON LOCAL NOT-FOR-PROFIT BOARDS, VOLUNTEERING HOURS IN THEIR COMMUNITY AND COLLECTING PHYSICAL DONATIONS FOR TOY, FOOD, AND CLOTHING DRIVES. PART OF OUR MISSION IS NOT ONLY TO HELP IMPROVE THE EXPERIENCE OF AGING FOR AS MANY ADULTS AS POSSIBLE, BUT ALSO TO SHARE THAT KNOWLEDGE WITH OTHERS, ESPECIALLY THE YOUNGER GENERATION. EMPLOYEES REGULARLY SHARE THEIR KNOWLEDGE BY INVITING STUDENTS INTO THE RWD COMMUNITY WHO CAN LEARN FROM THE VAST KNOWLEDGE AND EXPERIENCE OF THE STAFF. OVER THE YEARS WE HAVE HOSTED STUDENTS FROM A VARIETY OF SCHOOLS AND PROVIDED INTERNSHIPS IN A VARIETY OF COURSEWORK, FROM MARKETING TO FINANCE TO SOCIAL WORK AND HEALTH CARE. SINCE RIVERWOODS OPENED ITS DOORS, A KEY OBJECTIVE HAS NOT ONLY BEEN TO SHARE OUR EXPERIENCES WITH OTHERS, BUT TO LEARN FROM OTHERS IN THE INDUSTRY AT THE SAME TIME. IN THIS WAY WE CONTINUE TO INNOVATE, TO REMAIN AT THE FOREFRONT OF NEW TRENDS IN OUR INDUSTRY, AND TO RESPOND TO CHANGING CONSUMER PREFERENCES, WHILE ALSO ADVANCING THE SENIOR LIVING INDUSTRY AS A WHOLE. OUR LEADERS REGULARLY ATTEND INDUSTRY SEMINARS, PARTICIPATE IN STUDY GROUPS, AND PRESENT ON NATIONAL AND INTERNALTIONAL PANELS WITHIN OUR INDUSTRY, AS WELL AS DRAFT ARTICLES FOR LEADING PUBLICATIONS. IN ORDER TO FULFILL OUR MISSION TO HELP ALL OLDER ADULTS, NOT ONLY THOSE IN OUR COMMUNITIES, RIVERWOODS LAUNCHED A PODCAST, SENIOR AUTHORITY, IN APRIL OF 2021. THIS PODCAST, FULLY FUNDED BY RIVERWOODS IS GEARED TOWARD ANSWERING QUESTIONS ON AGING, FEATURING INTERVIEWS WITH LEADING SCIENTISTS, RESEARCHERS, PRACTITIONERS, AND AUTHORS. THE PODCAST COVERS ALL ASPECTS OF AGING, FROM FITNESS TO FINANCE, HEALTH, NUTRITION, SCIENCE, AND MORE. THE PODCAST RECEIVES NO MONETARY SUBSIDIES AND HAS AVERAGED TWO PODCASTS PER MONTH TO DATE. THE PODCAST HAS EXCEEDED 52,000 DOWNLOADS, IN ADDITION TO 37,500 VIEWS ON YOUTUBE, AND HAS MORE THAN 5,000 FOLLOWERS ON SOCIAL MEDIA, ACROSS THE COUNTRY. THE PODCAST CONTINUES TO PROVIDE IMPORTANT CONTENT TO A GROWING AUDIENCE. RWD IS A STRONG COMMUNITY PARTNER AND IN ADDITION TO RESIDENT AND STAFF TIME SPENT VOLUNTEERING, RWD HAS HELPED A NUMBER OF COMMUNITY-WIDE EVENTS AND ORGANIZATIONS WITH FINANCIAL SUPPORT. RWD HAS ALSO PROVIDED SMALL HONORARIUMS/DONATIONS TO A NUMBER OF GROUPS WHO HAVE PROVIDED SPEAKERS FOR OUR ON-CAMPUS EDUCATION PROGRAMS.EDUCATION IS A VALUE HIGHLY PRIZED BY RWD RESIDENTS. IN FY22, SCHOLARSHIP FUNDS WERE ESTABLISHED FOR RWD STAFF. SINCE THEN, 11 SCHOLARSHIPS WERE DISTRIBUTED WORTH MORE THAN $20,000 TOWARD GOALS OF HIGHER EDUCATION.C.A.R.E. STANDS FOR CARING, AIDING, AND RESPONDING TO EMPLOYEE'S FINANCIAL NEEDS. THE C.A.R.E. FUND WAS ESTABLISHED BY EMPLOYEES TO ASSIST EMPLOYEES OF RIVERWOODS WHO DEMONSTRATE A FINANCIAL EMERGENCY BEYOND THEIR CONTROL AND PROVIDE THEM WITH LIMITED ASSISTANCE. 17366194 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 67 0 311 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NH X SHELLY CRAIG DIRECTOR OF FINANCE 6036583007 5 WHITE OAK DRIVE EXETER NH 03833 JUSTINE VOGEL EX-OFFICIO TRUSTEE/TRWG CEO 0.60 39.40 X 0 467759 39388 DAVE BROWNELL CHAIR 0.60 1.40 X X 0 0 0 SUSAN DESJARDINS VICE-CHAIR 0.60 1.40 X X 0 0 0 REBECCA SMITH CLERK 0.60 1.40 X X 0 0 0 MIKE HICKEY TREASURER 0.60 1.40 X X 0 0 0 DEBORAH KARMOZYN RESIDENT TRUSTEE 0.60 1.40 X 0 0 0 RALPH RAGUCCI RESIDENT TRUSTEE 0.60 1.40 X 0 0 0 WALTER BURGIN RESIDENT TRUSTEE 0.60 1.40 X 0 0 0 BILL STAFFORD RESIDENT TRUSTEE 0.60 1.40 X 0 0 0 MIKE ROWAN AT LARGE TRUSTEE 0.60 1.40 X 0 0 0 DAN CHARTRAND TRUSTEE 0.60 1.40 X 0 0 0 KIRSTEN CORAZZINI TRUSTEE 0.60 1.40 X 0 0 0 TOM DONOVAN TRUSTEE 0.60 1.40 X 0 0 0 PATRICK PARISI TRUSTEE 0.60 1.40 X 0 0 0 JOHN PROCHILO TRUSTEE 0.60 1.40 X 0 0 0 TIM RILEY TRUSTEE 0.60 1.40 X 0 0 0 SUSAN WOODS TRUSTEE 0.60 1.40 X 0 0 0 JASON SMITH TRUSTEE 0.60 1.40 X 0 0 0 LINDA BROWN RESIDENT TRUSTEE - LEFT OCT 2022 0.60 1.40 X 0 0 0 HOWIE ULFELDER AT LARGE TRUSTEE - LEFT JUN 2023 0.60 1.40 X 0 0 0 STEVE MCPHERSON TRUSTEE - LEFT JUN 2023 0.60 2.90 X 0 0 0 NATALEE D'ANTONI EXECUTIVE DIRECTOR 40.00 0.00 X 113157 0 14035 DENISE BRADY NURSE PRACTITIONER 40.00 0.00 X 105732 0 21595 KIM O'KEEFE GASKELL EXECUTIVE DIRECTOR - LEFT JUL 2022 4.00 36.00 X 96383 96091 12464 CAROLYN WATKINS O'DRISCOLL DIRECTOR OF NURSING 40.00 0.00 X 121333 0 14153 GLENN MORASH DIRECTOR OF DINING SERVICES 40.00 0.00 X 120593 0 32475 KELLIE FIERS SENIOR LIVING COUNSELOR 40.00 0.00 X 102155 0 2958 659353 563850 137068 4 0 1 0 THE RIVERWOODS GROUP 5 WHITE OAK DRIVE EXETER NH 03833 MANAGEMENT, FINANCE, ADMIN & IT SERVICES 1715132 FARIA'S CLEANING SERVICES 111 OLD CHARTER RD MARLBOROUGH MA 01752 CLEANING SERVICES 155698 INTELYCARE PO BOX 787317 PHILADELPHIA PA 191787317 AGENCY NURSING SERVICES 115406 3 138127 138127 RESIDENTAL SERVICE FEES 623000 11845212 11845212 HEALTH CENTER FEES 623000 5771439 5771439 EARNED ENTRANCE FEES 623000 1226882 1226882 18843533 1163908 1163908 12915 0 12915 12915 12915 11695822 11560619 135203 135203 135203 ANCILLARY RESIDENT SERVICES 812900 -81165 -81165 -81165 20212521 18843533 0 1230861 20000 20000 140419 140419 8345229 7379474 965755 63249 53652 9597 781972 634837 147135 629906 503925 125981 845968 845968 46285 46285 35326 35326 109221 109221 1224130 460828 763302 318541 181363 137178 1350904 1120718 230186 746767 434835 311932 1588448 1350181 238267 34491 3704 30787 1208852 1025397 183455 4105397 3106719 998678 264840 225114 39726 REPAIRS AND MAINTENANCE 546811 466154 80657 OTHER EMPLOYEE EXPENSES 161449 122785 38664 BAD DEBT EXPENSE 117446 117446 RESIDENT EXPENSES 112886 110104 2782 64530 48958 15572 22863067 17366194 5496873 0 1622442 4359693 7897361 983756 176053 770836 50237 64792 124434 176185 103399684 12274809 94246057 91124875 21460566 27164648 1048835 939720 126625985 125584505 1253683 1416084 11226770 11005288 52980000 52980000 4767000 3004966 78575392 81291762 148802845 149698100 X -22314257 -24200473 137397 86878 -22176860 -24113595 126625985 125584505 -2650546 713811 0 X 0 1 X 1 0 X 401 67237 225196 138127 430961 4551015 13482397 16740067 18843533 53617012 4551416 13549634 16965263 18981660 54047973 13947 124161 16471 154579 0 13947 124161 16471 154579 53893394 32320 494659 437036 1176823 2140838 32320 494659 437036 1176823 2140838 4583736 14044293 17402299 20158483 56188811 0.95910 0.03810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2606602 2606602 96924263 10726116 86198147 3655158 1548693 2106465 213661 213661 91124875 TAX-EXEMPT BOND DEFERRED FINANCING COSTS -1232251 DUE TO RELATED PARTY 300503 REFUNDABLE ENTRANCE FEE LIABILITY 75513550 FUTURE RESIDENTS' DEPOSITS 6709960 81291762 X PART X, LINE 2: RIVERWOODS DURHAM IS A NONPROFT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. 1 SCHOLARSHIP 11 20000 PART I, LINE 2: EMPLOYEES ARE ELIGIBLE TO APPLY FOR A SCHOLARSHIP. WHEN SCHOLARSHIPS ARE AWARDED, THE CHECKS ARE MADE PAYABLE TO THE COLLEGE OR UNIVERSITY FOR THE BENEFIT OF THE STUDENT. THE CHECKS ARE MAILED DIRECTLY BY RWD TO THE INSTITUTION WHICH ENSURES THE FUNDS ARE BEING USED FOR THEIR INTENDED PURPOSES. X X X X X 0 0 0 0 0 0 0 1 0 JUSTINE VOGEL EX-OFFICIO TRUSTEE/TRWG CEO 0 395828 0 63035 0 8896 0 10415 0 28973 0 507147 0 0 KIM O'KEEFE GASKELL EXECUTIVE DIRECTOR - LEFT JUL 2022 88715 83781 0 12310 7668 0 2040 0 5850 4574 104273 100665 0 0 GLENN MORASH DIRECTOR OF DINING SERVICES 110332 0 4000 0 6261 0 3802 0 28673 0 153068 0 0 0 PART I, LINE 3 ALL RELATED PARTY COMPENSATION DISCLOSED ON SCHEDULE J, PART II IS COMPENSATION PAID BY THE RIVERWOODS GROUP (TRWG), A RELATED IRC SECTION 501(C)(3) SUPPORTING ORGANIZATION. TRWG USES THE FOLLOWING TO EVALUATE COMPENSATION: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990S OF OTHER LIKE ORGANIZATIONS, A COMPENSATION SURVEY/STUDY AND APPROVAL BY THE TRWG BOARD/COMPENSATION COMMITTEE. THE INDEPENDENT COMPENSATION CONSULTANT REVIEWS THE CEO COMPENSATION PACKAGE FOR REASONABLENESS UNDER THE INTERMEDIATE SANCTIONS RULE (IRS SECTION 4598). PART I, LINE 7 ANY BONUS PAYMENT IS UP TO THE DISCRETION OF THE EMPLOYEE'S SENIOR LEADER. ANY BONUSES PAID TO SENIOR LEADERSHIP ARE ALSO SUBJECT TO REVIEW BY THE EXECUTIVE DIRECTOR AND/OR TRWG CEO. THE BONUS DETERMINATION IS BASED ON AN ANALYSIS OF THE EMPLOYEE'S PERFORMANCE DURING THE YEAR AND IS SUBJECT TO THE BUDGETARY CONSTRAINTS OF THE ORGANIZATION. THE BONUS PAID WAS INCLUDED IN 2022 W-2 COMPENSATION, AND AS SUCH IS REPORTED ON FORM 990, PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN B(II) AS FOLLOWS: GLENN MORASH, DIRECTOR OF DINING SERVICES - $4,000 CAROLYN WATKINS-O'DRISCOLL, DIRECTOR OF NURSING - $3,550 KELLIE FIERS, SENIOR LIVING COUNSELOR - $3,048 NATALEE D'ANTONI, EXECUTIVE DIRECTOR - $2,500 DENISE BRADY, NURSE PRACTITIONER - $930 A NEW HAMPSHIRE HEALTH & EDUCATION FACILITIES AUTHORITY 020279866 2021-09-30 52980000 TO REFUND THE SERIES 2018A REVENUE BONDS 0 0 0 A 52980000 52980000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 TD BANK 15.000000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEW HAMPSHIRE HEALTH & EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2023 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE WILL BE COMPOSED OF THE OFFICERS OF THE BOARD AND WILL EXERCISE THE FULL AUTHORITY OF THE BOARD OF TRUSTEES BETWEEN MEETINGS AND WILL REPORT ITS ACTIONS AT EACH MEETING. MEMBERS OF THE BOARD OF TRUSTEES WILL NOT RECEIVE COMPENSATION FOR THEIR SERVICES AS TRUSTEES; HOWEVER, A MEMBER OF THE BOARD OF TRUSTEES MAY RECEIVE REIMBURSEMENT OF DIRECT OUT-OF-POCKET EXPENSES FOR EFFORTS MADE ON BEHALF OF RWD. FORM 990, PART VI, SECTION A, LINE 3 THE RIVERWOODS GROUP (TRWG), A RELATED PARTY, PROVIDES OVERSITE TO THE OVERALL FRAMEWORK OF RWD. TRWG PRIMARILY PROVIDES ADMINISTRATIVE SERVICES TO RWD WHICH DO NOT INVOLVE ANY SIGNIFICANT MANAGERIAL DECISION MAKING, BUT TRWG DOES HAVE ULTIMATE AUTHORITY AND RESPONSIBILITY FOR RWD'S BUDGET. RWD PAID TRWG A MANAGEMENT FEE $845,968, ADMINISTRATIVE FEE OF $551,088, AND IT FEES OF $349,250 FOR ALL SERVICES RENDERED DURING THE TAX YEAR. COMPENSATION PAID TO OFFICERS AND/OR KEY EMPLOYEES OF RWD BY TRWG IS NOT CONSIDERED TO BE A COMPONENT OF THE MANAGEMENT FEE. ANY COMPENSATION PAID BY TRWG IS AN EMPLOYEE OF TRWG; AS REQUIRED THIS COMPENSATION IS DISCLOSED ON FORM 990, PART VII, COLUMN (E) AND (F) AS WELL AS ON SCHEDULE J, PART II AS COMPENSATION FROM A RELATED ORGANIZATION; NO COMPENSATION IS DEEMED TO HAVE BEEN PAID BY RWD TO THESE INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 6 TRWG, AN IRC SECTION 501(C)(3) SUPPORTING ORGANIZATION, IS THE SOLE MEMBER OF RWD. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER HAS THE AUTHORITY TO ELECT ALL BOARD TRUSTEES FROM THE NOMINEES PRESENTED TO THE MEMBER BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS BY THE BOARD OF TRUSTEES MUST BE APPROVED BY THE MEMBER BEFORE IT BECOMES EFFECTIVE: (A) REMOVAL OF A MEMBER OF THE BOARD TRUSTEES; (B) FINAL ADOPTION OF, AND ANY APPROVAL OF A MATERIAL DEVIATION FROM, THE ANNUAL AND ANY REVISED OPERATING AND CAPITAL BUDGETS OF RWD; (C) FINAL ADOPTION, AND ANY APPROVAL OF A MATERIAL MODIFICATION, OF RWD'S STRATEGIC PLAN; (D) TRANSFER TO ANY PERSON OR ORGANIZATION, WITH OR WITHOUT CONSIDERATION, DURING ANY TWELVE (12) MONTH PERIOD OF TANGIBLE, INTANGIBLE OR MIXED ASSETS WITH A VALUE IN EXCESS OF $100,000; (E) ANY SINGLE INCURRENCE, OR CUMULATIVE INCURRENCES IN ANY TWELVE (12) MONTH PERIOD, OF INDEBTEDNESS BY RWD IN EXCESS OF $100,000; (F) SALE, LEASE, OR EXCHANGE OF ANY MATERIAL PORTION OF THE ASSETS OF, OR THE STATUTORY MERGER, CONSOLIDATION, CORPORATE DIVISION, DISSOLUTION, OR LIQUIDATION OF, RWD OR ANY SUBSIDIARY; (G) ACQUISITION BY RWD OF SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER ENTITY; (H) APPOINTMENT OF A FIRM OF INDEPENDENT PUBLIC ACCOUNTANTS TO CONDUCT AN INDEPENDENT AUDIT OF RWD'S FINANCIAL STATEMENTS OR A SPECIAL PROJECT WHICH MATERIALLY IMPACTS ASSETS, REVENUES, OR OPERATIONS; (I) THE PARTICIPATION BY RWD OR ANY SUBSIDIARY IN A KEY STRATEGIC RELATIONSHIP ENTERED INTO WITH AN ORGANIZATION THAT IS NOT A "PARTICIPANT ORGANIZATION", AS SUCH TERMS IS DEFINED IN THE MEMBER'S BYLAWS; (J) APPOINTMENT, EVALUATION, AND COMPENSATION OR TERMINATION OF THE EXECUTIVE DIRECTOR OF RWD; (K) ELIMINATION OR ADDITION BY RWD OR ANY SUBSIDIARY OF ANY LINE OF BUSINESS OR SERVICE OR PROGRAM WITH ACTUAL OR PROJECTED REVENUES IN EXCESS OF ONE PERCENT (1%) OF THE TOTAL BUDGETED REVENUE; (L) THE AMENDEMENT OF THE ARTICLES OF AGREEMENT, BYLAWS, OR OTHER GOVERNING DOCUMENTS OF RWD WHERE SUCH PROPSED AMENDMENT WOULD (I) IMPACT THE POWERS RESERVED TO THE MEMBER IN THESE BYLAWS, (II) REASONABLY EXPECT TO HAVE ANY MATERIAL STRATEGIC, COMPETITIVE OR FINANCIAL IMPACT ON ONE OR MORE PARTICIPANT ORGANIZATIONS OR ON THE SYSTEM AS A WHOLE, OR (III) IMPACT THE OBLIGATIONS OF RWD UNDER ANY AGREEMENT BETWEEN OR AMONG THE PARTICIPANT ORGANIZATIONS; (M) THE EXERCISE OF RWD'S RESERVED POWERS OVER ITS SUBSIDIARIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. RWD HAS DELEGATED THE REVIEW OF THE FORM 990 TO TRWG'S AUDIT COMMITTEE. AFTER REVIEW BY TRWG'S AUDIT COMMITTEE, A FULL COPY OF THE FINAL FORM 990 IS POSTED TO THE BOARD PORTAL, PROVIDING THE ORGANIZATION'S BOARD THE OPPORTUNITY TO REVIEW THE FINAL DRAFT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE IS SENT TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES. THE QUESTIONNAIRE IS PREPARED AND AFFIRMATIVE ANSWERS ARE REVIEWED BY RWD'S LEGAL COUNSEL. NO TRUSTEE SHALL PARTICIPATE AS A MEMBER OF THE BOARD IN ANY DECISION AFFECTING THAT TRUSTEE'S PERSONAL FINANCIAL WELFARE OR THE FINANCIAL WELFARE OF ANY OTHER PERSON, ORGANIZATION, OR INSTITUTION WITH WHICH THAT TRUSTEE IS AFFILIATED AS AN OWNER, EMPLOYEE, BOARD MEMBER, OR STOCKHOLDER. THIS SHALL NOT PRECLUDE A TRUSTEE FROM VOTING ON MATTERS AFFECTING THE OPERATION OF RWD FOR THE SOLE REASON THAT A FAMILY MEMBER IS A RESIDENT OF THE FACILITY. IN THE EVENT A TRUSTEE HAS SUCH A CONFLICT IN A MATTER WHICH IS BEING EXPOUNDED, DELIBERATED AND/OR VOTED UPON BY THE BOARD, SAID TRUSTEE SHALL ABSENT HIMSELF/HERSELF FROM THE BOARD, AND IF THE BOARD MEETING IS NOT OPEN TO THE PUBLIC AT LARGE, SHALL ABSENT HIMSELF/HERSELF FROM THE MEETING ROOM FOR THE TIME PERIOD DURING WHICH THE TOPIC IS UNDER DELIBERATION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND APPROVED BY TRWG CEO, FOLLOWING INPUT FROM THE ORGANIZATION'S GOVERNING BOARD. THIS PROCESS IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. PAY RANGES FOR SIMILAR POSITIONS ARE ANALYZED ANNUALLY AND COMPARED TO WAGE INFORMATION OBTAINED THROUGH SALARY SURVEYS AND OTHER LABOR MARKET RESOURCES WITH SIMILAR CONDITIONS. TRWG CEO ALSO CONTRACTS WITH AN INDEPENDENT CONTRACTOR WHO HELPS FACILITATE THE GATHERING OF SALARY INFORMATION AND SHARES THAT INFORMATION WITH TRWG CEO AND THE BOARD EXECUTIVE COMMITTEE. CONSIDERATION IS GIVEN TO THE FOLLOWING DEVELOPING PAY RANGES: -PREVAILING RATES FOR SIMILAR WORK IN OTHER SIMILAR INSTITUTIONS -NATIONAL, REGIONAL, AND LOCAL SALARY PATTERNS -APPLICABLE LEGAL REQUIREMENTS -STANDARDS ESTABLISHED BY PROFESSIONAL ORGANIZATIONS -THE FINANCIAL STATUS OF RWD THE EXECUTIVE DIRECTOR'S COMPENSATION WAS MOST RECENTLY PROPOSED BY TRWG CEO AND APPROVED BY THE BOARD DURING 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE RIVERWOODS GROUP 5 WHITE OAK DRIVE EXETER NH 03833 451450956 FURTHER THE MISSIONS OF THE RIVERWOODS GROUP MEMBERS NH 501(C)(3) LINE 12A, I N/A 0 THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE 5 WHITE OAK DRIVE EXETER NH 03833 020400703 ESTABLISH, OWN AND MAINTAIN CONTINUING CARE RETIREMENT COMMUNITIES NH 501(C)(3) LINE 10 THE RIVERWOODS GROUP 0 BIRCH HILL TERRACE 200 ALLIANCE WAY MANCHESTER NH 03102 223015416 ESTABLISH, OWN AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY NH 501(C)(3) LINE 10 THE RIVERWOODS GROUP 0 WOMEN'S AID DBA PEARL MANOR 200 ALLIANCE WAY MANCHESTER NH 03102 020222249 PROVIDE SUPPORT FOR BIRCH HILL TERRACE NH 501(C)(3) PF BIRCH HILL TERRACE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0