2026-02-25T11:36:05-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 600 WASHINGTON AVENUE SUITE 1800 ST LOUIS MO 63101 990 2024-07-01 840503809 FRASIER MEADOWS MANOR INC FRAS 3034994888 350 PONCA PLACE BOULDER CO 80303 CHRISTIE HINRICHS PRESIDENT AND CEO 3034994888 2026-02-17 1 1 STEPHANIE MCCARTHY P01805699 3149254300 2026-02-03 2024 2025-03-06 01:10:19Z FRASIER CHRISTIE HINRICHS 350 PONCA PLACE BOULDER CO 80303 76055716 0 X WWW.FRASIERMEADOWS.ORG X 1954 CO PROVIDE HOUSING, HEALTHCARE, AND RELATED SERVICES TO SENIOR CITIZENS THROUGH A RETIREMENT FACILITY. 8 8 394 304 0 0 2262966 11054490 47101391 49834977 3093355 2430217 252410 -53837 52710122 63265847 601339 12371610 0 0 17656349 18120028 0 0 116536 27673600 29132429 45931288 59624067 6778834 3641780 263292730 272263500 229999282 230191321 33293448 42072179 BUILD COMMUNITY THAT INSPIRES AND CELEBRATES LIFE. 0 0 43098291 12371610 49834977 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. 43098291 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 0 0 0 0 0 1 0 0 0 1 X 31 0 1 394 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 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 CHRISTINA HINRICHS PRESIDENT AND CEO 40.00 2.00 X 652892 0 47160 NIKKI LEWIS CFO 40.00 2.00 X 371266 0 31382 COLLEEN MALLON CHIEF GROWTH OFFICER 40.00 2.00 X 316098 0 40574 TOMAS MENDEZ VP OF OPERATIONS (THROUGH MARCH 2025) 40.00 0.00 X 270588 0 46763 MICHELLE MCPARLAND VP OF HEALTH 40.00 0.00 X 229267 0 43052 JENNIFER HOUGHTALING VP OF HR (THROUGH MAY 2025) 40.00 2.00 X 196061 0 43052 JEFFREY PUCKETT DIRECTOR OF IT 40.00 0.00 X 183410 0 26110 COREY DRAGGE DIRECTOR OF FACILITIES 40.00 0.00 X 146067 0 47681 STACY LUDWIG DIRECTOR OF SALES 40.00 0.00 X 134632 0 17890 JIM WILLIAMS CHAIR 2.00 0.00 X X 0 0 0 SUSAN CONNELLY VICE CHAIR 2.00 0.00 X X 0 0 0 RICK LAWRENCE TREASURER (THROUGH MAY 2025) 2.00 0.00 X X 0 0 0 BETTY HOYE - SECRETARY THEN TREASURER 2.00 0.00 X X 0 0 0 STEPHANIE KIDWELL DIRECTOR THEN SECRETARY 2.00 0.00 X X 0 0 0 KEN HOSTELLEY DIRECTOR 2.00 0.00 X 0 0 0 MARK LIEBETRAU DIRECTOR 2.00 0.00 X 0 0 0 CHERYL RUNYON DIRECTOR 2.00 0.00 X 0 0 0 JOHN TILTON DIRECTOR 2.00 0.00 X 0 0 0 2500281 0 343664 28 0 1 0 BOULDER ASSOCIATES 1426 PEARL ST BOULDER CO 80302 ARCHITECTURAL SERVICES 823596 D G CONSTRUCTION INC 3525 S BRENTWOOD ST LAKEWOOD CO 80235 LABOR AND MATERIALS FOR APARTMENT RENOVA 748661 HAYNES MECHANICAL SYSTEMS INC PO BOX 561389 DENVER CO 80256 HVAC SYSTEMS 713713 ARI INC 3320 CLINTON PARKWAY CT STE 120 LAWRENCE KS 66047 CONSTRUCTION DEVELOPMENT ADVISORY 151271 DURO ELECTRIC CO 2271 W YALE AVE ENGLEWOOD CO 80110 ELECTRICAL CONTRACTOR 145601 13 11054490 17650 11054490 PATIENT SERVICE REVENUE 623000 25596798 25596798 EARNED ENTRANCE FEES 623000 10681014 10681014 MANOR RESIDENT REVENUE 623000 10051071 10051071 ASSISTED LIVING RESIDENT REVENUE 623000 2405773 2405773 OTHER PROGRAM REVENUE 623000 741076 741076 359245 359245 49834977 2403185 2403185 158377 212214 -53837 -53837 -53837 12604387 300 12577655 0 26732 300 27032 27032 63265847 49834977 0 2376380 12371610 12371610 1578891 260307 1318584 13048463 10225550 2764121 58792 587737 407821 178348 1568 1835093 1352600 481618 875 1069844 822392 241661 5791 321341 321341 116790 116790 271097 271097 168602 168602 2659887 1584795 1054229 20863 126482 12785 113519 178 546298 150789 389866 5643 843749 17020 816520 10209 2216434 532287 1683969 178 68347 40289 27860 198 53264 29524 23740 4982024 4982024 12044494 12004109 40385 1021099 1021099 SUPPLIES 2427402 2323601 101038 2763 RESIDENT PROGRAMS 419829 419829 ENTERTAINMENT 373945 301003 64748 8194 BAD DEBT EXPENSES 245863 245614 249 225482 94854 129593 1035 59624067 43098291 16409240 116536 1057993 5953090 483630 2777351 840794 692942 60904 51714 386391 1083898 266003435 95860092 174188116 170143343 81507522 88417103 4767380 3144059 263292730 272263500 4126070 3942790 83798485 88174778 114820059 112924306 19780209 18669769 6009415 4634787 1465044 1844891 229999282 230191321 X 32439291 30949842 854157 11122337 33293448 42072179 263292730 272263500 X 3641780 6722431 -1585480 X X 0 1 X 1 0 X 5657523 1140707 694400 2262966 11054490 20810086 36570302 39577758 41345286 47101391 49834977 214429714 42227825 40718465 42039686 49364357 60889467 235239800 25147 179938 12100 1502937 10011680 11731802 0 25147 179938 12100 1502937 10011680 11731802 223507998 1130036 2002865 2088641 2605797 2561562 10388901 1130036 2002865 2088641 2605797 2561562 10388901 -5372456 914035 -4458421 37985405 42721330 45042362 51970154 63451029 241170280 0.92680 0.97090 0.04310 0.04220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 607061 10124625 158390 13785 981 10875310 531961 75100 607061 476784 55177 531961 545245 9150 77611 476784 427477 7560 116396 6188 545245 0.01250 0.95453 0.03298 0 0 84338 84338 243835788 89852695 153983093 4904808 2423979 2480829 14780394 3583418 11196976 2398107 2398107 170143343 ANNUITIES PAYABLE 53507 APPLICANT DEPOSITS 1692884 ROU LEASE OBLIGATION 98500 1844891 X 68885349 6722431 -1146541 5575890 63309459 168602 -212214 -43612 63265847 47629099 394944 394944 47234155 168602 12221310 12389912 59624067 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 CONSOLIDATED 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, 2025 AND 2024. 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, 2025 OR 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAINS ON INTEREST RATE SWAPS -1,585,480. REVENUE TO RELATED ORGANIZATION 438,939. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -212,214. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES TO RELATED ORGANIZATION 182,730. RENTAL EXPENSES 212,214. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFER OF NET ASSETS WITHOUT DONOR RESTRICTION 12,221,310. 1 SISTER CARMEN 655 ASPEN RIDGE DRIVE LAFAYETTE CO 80026 840820305 501(C)(3) 20000 0 N/A N/A THE FAMILY DEVELOPMENT RENT PROGRAM PROVIDES 36 MONTHS OF RENTAL ASSISTANCE FOR SENIORS, WHILE PAIRING THEM WITH AN ADVOCATE FOR ONE-ON-ONE SUPPORT. BOULDER HOUSING PARTNERS 4800 NORTH BROADWAY BOULDER CO 80304 841584949 501(C)(3) 75300 0 N/A N/A TO SUPPORT THE REFURBISHMENT AND REACTIVATION OF A COMMERCIAL KITCHEN SERVING OUR RESIDENTS, AS WELL AS PROVIDE FUNDING FOR RESIDENT EMERGENCY ASSISTANCE AND GENERAL SENIOR PROGRAMMING HARVEST OF HOPE PANTRY 4830 PEARL STREET BOULDER CO 80301 274010250 501(C)(3) 15000 0 N/A N/A TO PROVIDE HEALTHY SUPPLEMENTAL FOOD TO BOULDER FAMILIES AND INDIVIDUALS IN NEED OF FOOD ASSISTANCE WITHIN A SAFE, WELCOMING AND NON-JUDGMENTAL ENVIRONMENT. TRU COMMUNITY CARE 2594 TRAILRIDGE DR EAST LAFAYETTE CO 80026 840748577 501(C)(3) 20000 0 N/A N/A TO SUPPORT OUR GRANDPADS PROGRAM WHICH AIDS OUR WORK TO SERVE AT-RISK, LOW-INCOME, OLDER, FRAIL, AND/OR DISABLED INDIVIDUALS WHO RESIDE IN BOULDER COUNTY, PROVIDING A COMPREHENSIVE AND INDIVIDUALIZED APPROACH TO CARE FOR SENIORS IN OUR COMMUNITY. PRESBYTERIAN MANOR (DBA BOULDER PRESBYTERIAN HOUSING INC) 1050 ARAPAHOE AVE BOULDER CO 80302 840522442 501(C)(3) 20000 0 N/A N/A TO PROVIDE AFFORDABLE, SAFE, AND COMFORTABLE INDEPENDENT APARTMENT LIVING FOR QUALIFIED SENIORS 62 YEARS OLD OR OLDER. FRASIER LIVING INC 350 PONCA PLACE BOULDER CO 80303 991450130 501(C)(3) 10195414 2025896 FMV BUILDING 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 CHRISTINA HINRICHS PRESIDENT AND CEO 553092 0 99800 0 0 0 21617 0 25543 0 700052 0 0 0 NIKKI LEWIS CFO 330248 0 41018 0 0 0 14028 0 17354 0 402648 0 0 0 COLLEEN MALLON CHIEF GROWTH OFFICER 280212 0 35886 0 0 0 12153 0 28421 0 356672 0 0 0 TOMAS MENDEZ VP OF OPERATIONS (THROUGH MARCH 2025) 238719 0 31869 0 0 0 11858 0 34905 0 317351 0 0 0 MICHELLE MCPARLAND VP OF HEALTH 203693 0 25574 0 0 0 10635 0 32417 0 272319 0 0 0 JENNIFER HOUGHTALING VP OF HR (THROUGH MAY 2025) 181118 0 14943 0 0 0 10635 0 32417 0 239113 0 0 0 JEFFREY PUCKETT DIRECTOR OF IT 167110 0 16300 0 0 0 8590 0 17520 0 209520 0 0 0 COREY DRAGGE DIRECTOR OF FACILITIES 129556 0 16511 0 0 0 7282 0 40399 0 193748 0 0 0 STACY LUDWIG DIRECTOR OF SALES 106132 0 28500 0 0 0 5149 0 12741 0 152522 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: CHRISTINA HINRICHS - $21,617 NIKKI LEWIS- $14,028 COLLEEN RYAN MALLON $12,153 TOMAS MENDEZ $11,858 MICHELLE MCPARLAND $10,635 JENNIFER HOUGHTALING $10,635 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 REFUND 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 52285000 87452159 4528319 1450303 42633113 37649219 2019 1 0 1 1 B 40000000 611500 39388500 2020 1 0 1 1 C 140000 37162179 2987856 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 0 0 0.00800 0.00000 0.00800 0 0 0 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 FORM 990, PART V, LINE 7H: A THIRD PARTY IS USED TO SELL DONATED VEHICLES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE BOARD CHAIR (WHO SHALL ALSO SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE), THE VICE CHAIR, AND THE PRESIDENT/CEO. THE EXECUTIVE COMMITTEE SHALL ACT FOR THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD; ESTABLISH THE AGENDA FOR THE BOARD MEETINGS ASSURING FULL DISCLOSURE OF INFORMATION AND FULL CONSIDERATION OF ALL MATTERS PRESENTED TO THE BOARD; AND NO LESS OFTEN THAN ANNUALLY, CONDUCT A CONFIDENTIAL PERFORMANCE REVIEW OF THE PRESIDENT/CEO AND SET THEIR COMPENSATION FOR THE ENSUING YEAR IN ACCORDANCE WITH THE POLICIES DEVELOPED BY THE BOARD. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE DISCLOSED IN MINUTES OF ITS MEETINGS AND THEREAFTER RATIFIED BY THE BOARD OF DIRECTOR AT ITS NEXT MEETING. 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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. 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 -1,585,480. FORM 990, PART XII, LINE 2C: FRASIER LIVING 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 FRASIER LIVING INC B 12221310 BOOK VALUE