meet the brooksby village board of directors -...

National Senior Campuses, Inc.

5525 Research Park Drive, 3rd FloorBaltimore, MD 21228-4664

www.NationalSeniorCampuses.org

8757281

Meet the Brooksby VillageBoard of Directors

Who are the board members?

Our board members are independent leaders with particular skills and varied backgrounds valuable to their board responsibilities. The board also includes a “Resident Director” who lives in the community and who is fully engaged and actively participates in all board meetings.

Board members have no conflicting relationships with Erickson Living Management. The board’s independence is a fundamental requirement, since these individuals are charged with providing the hands-on governance of the community as a financial entity and as a regulated health care provider. The board is also responsible for oversight of the successful day-to-day operation of the community by the management organization that is contracted to do so. Brief board member biographies are attached to this brochure.

How are they chosen?

All board members are selected through a rigorous process that begins with identifying what skills the Board needs at that time. Nominated members receive a recommendation from a current board member or others and all members go through in-depth interviews and background checks. They must meet strict standards of personal integrity, proven sound business judgment and demonstrated experience leading not-for-profit boards and organizations. They must also accept the commitment of significant time to the performance of board duties.

Do they live nearby?

Some board members live in this area, while others travel from other parts of this region to board meetings, community events and governance discussions.

What are their qualifications?

Many board members are current or former leaders in financial institutions, accounting firms, or law firms. Others bring needed experience and skills in other fields, such as medicine, health care facility management, business development or communications consulting. Each is chosen to leverage their decades of experience in these important disciplines and contribute to good decision-making by their fellow board members.

What are the responsibilities of the board of our community?

1. The board is responsible for governance. The board works to provide stable financial health and ongoing viability of the community, to ensure residents’ needs are met today, and that future residents will be able to enjoy the same secure environment, high standard of living and quality of life as described in the Residence and Care Agreement. That means the board must develop and deliver management direction that maintains the community’s fiscal integrity and supports the original principles of its operation.

2. Another core fiduciary responsibility is constant awareness and measurement of the ethical and compliance standards under which the community operates. Each board member has a “duty of care” to ensure management follows and is measured against a clearly-written Compliance and Ethics Plan. For example, as a health care facility, numerous federal and state regulatory rules must be met, and any violations must be reported in a timely manner. The board holds the ultimate responsibility for that “duty of care”, to ensure the community meets all applicable federal and state standards. They do this by asking questions of the management team, requesting documentation and reviewing the compliance and ethics reporting system on a regular basis.

3. The board’s responsibility also includes gathering input from your Resident Advisory Council, employees and management. Each year, the board conducts a Management Performance Evaluation to ensure management team members continue to deliver the highest standards of care and maintain the high standard of resident life you now enjoy. The board contracts with a national survey firm to conduct an annual Residents Satisfaction survey. In addition, the board reviews and approves the annual budget and engages an independent accounting firm to conduct an annual audit for this community.

4. Finally, the board must generate a long-term vision for the community, including strategic planning based on anticipated changes in the economy, the marketplace or in government regulations or laws. As we have all seen, things change, and the board must work to see a bit of the future and take sensible actions to adapt to those changes.

What is National Senior Campuses, Inc., and what is its relation to our board and this community?

National Senior Campuses, Inc. (NSC) is a 501(C) (3) not-for-profit organization that sponsors not-for-profit continuing care retirement Communities (CCRCs) that provide housing, health care, and other related services to seniors at many sites around the country. NSC does this by acting as a “Supporting Organization” that initially creates not-for-profit Communities, the boards of which always have at least one person who also serves on the NSC board. Thereafter, NSC provides ongoing integrated support, oversight, guidelines, policies, and strategic planning.

National Senior Campuses plays a central role in fostering strong, healthy relationships between and among each of its affiliated retirement Communities, as well as with the management company hired by those Communities, Erickson Living Management.

Acting through their board members, NSC and the Communities work closely with Erickson Living, but rigorous conflict-of-interest policies ensure that no director has any personal, commercial, or professional relationship with Erickson Living outside of this enterprise. Likewise, Erickson Living does not select directors for NSC or any of the Communities. NSC appoints the initial slate of directors for each Supported Organization. Thereafter, the individual, not-for-profit community exercises significant autonomy. NSC retains an ongoing role in several areas of governance, operations, budgeting, and finance.

Directors on the boards of both NSC and the Communities serve on several task-oriented Committees that work year-round to share information, and to provide consistent “best practices” and benchmarks in areas of governance and internal affairs, operations and risk management, budget and finance, and treasury and investment. Additionally, directors of NSC and all of the Supported Organizations meet annually with Erickson Living to strengthen the enterprise and share solutions to common problems.

On its own and with its Communities, National Senior Campuses provides a long-term vision of what features the senior housing industry may include in the future. NSC consults with experts in finance and the CCRC industry as it contemplates business models solid enough to ensure excellence and flexible enough to ensure that future needs are met. A related entity, the National Senior Campuses Foundation, provides support and best practices to the Communities in the area of philanthropy.

How can I communicate to the board?

Your Resident Advisory Council is the elected body of this community that provides communication lines to management and the board, along with the Resident Director who serves as a board member. This structure allows issues to be directed to the appropriate people for resolution. For example, the management team would handle questions or comments about resident life, while the board considers ongoing financial stability, regulatory compliance and strategic planning for the future.

Audit Committee

Brooksby Village, Inc. Board of Directors

Governance Committee

Executive Committee

Erickson Living Management, LLC

Brooksby Village Management Team

Budget Committee

NSC Advisory Committees:• Governance & Internal Affairs • Operations & Risk Management • Budget & Finance • Treasury & Investment

LEGEND:

Governance relationship (by charter or bylaws)

Contractual relationship

National Senior Campuses, Inc.

(NSC)

BROOKSBY VILLAGE ORGANIZATIONAL CHART

Brooksby Village Board of DirectorsThe people in the enclosed photographs comprise the board of directors for Brooksby Village, and they perform vital governance activities to ensure the community meets the highest standards possible—today and tomorrow. They are dedicated to the principles of independence, integrity, accountability and active oversight of this community’s operations and management.

Mary Helen Lorenz, Chair

Ms. Lorenz is a city planner who has worked in community development and management, and has chaired school, town, and church boards including the Lincoln Housing Commission and First Parish, in her town of Lincoln, Massachusetts. Ms. Lorenz has worked for the W.K. Kellogg Foundation, Stubbins Associates, Inc., and Skidmore Owings and Merrill, Inc. She holds master’s degrees in city planning from the University of Pennsylvania and in management of human services from Brandeis University. She obtained her bachelor’s degree in United States studies from Wellesley College.

Brooksby Village NSC Board of Directors | pg 1 of 6

Bruce J. Beardsley

Mr. Beardsley is a principal at Next Step Healthcare, LLC, where he has provided advisory, consulting and valuation services to investors in the skilled nursing and senior housing sectors. Previously, he was Senior Vice President of Acquisitions at Harborside Healthcare Corporation which operated 76 skilled nursing centers. He has served as Chairman for the Board of Assessors for the Town of Medfield, Massachusetts, and as a member of the Owner/Operator Advisory Board and Market Area Profiles Task Force for the National Investment Center (NIC). Mr. Beardsley earned his bachelor’s in Business and Economics at Lehigh University and his master’s of Business Administration from Boston University.


Wayne Craig

Mr. Craig has served as the Chief Financial Officer for SMV Management Company since December of 2009. SMV Management Company is responsible for the oversight of approximately 200 skilled nursing facilities, assisted living facilities and long term acute care hospitals that are located in 23 states and owned by a small group of private investors. Mr. Craig previously worked as CFO for a small family owned healthcare provider in Massachusetts and as VP of Finance for Harborside Healthcare Corporation. Mr. Craig began his career at Advantage Health Corporation as a staff accountant and ascended to Vice President of Finance. Mr. Craig has consistently been involved in numerous strategic financial endeavors throughout his career and directed an accounting staff in excess of 30 people for Advantage Health. Mr. Craig has a Bachelor of Science in Business Administration and Accounting from Salem State College.

Nathaniel J. Dudley Mr. Dudley is a member in Eckert Seamans Cherin & Mellott’s Boston office, where he serves as national coordinating litigation counsel for an equipment manufacturer in the asbestos litigation in addition to representing several healthcare providers in various legal capacities. Previously, he served as general counsel for Landmark Health Solutions, LLC, and Harborside Healthcare Corporation. A graduate of Dartmouth College and Northeastern University School of Law, Mr. Dudley is a member of the Board of Directors for the Institute of Senior Living of Florida, Inc. He is a volunteer assistant hockey coach at Babson College and is a member of the Board of Directors for Westwood Youth Hockey.


Kirk B. JonesA native of New Orleans, Mr. Jones currently serves as an adjunct faculty member at Boston University School of Theology and Andover Newtown Theological School, where he earned his Master of Divinity. He is also senior pastor at First Baptist Church in Tewksbury, Massachusetts. In addition to authoring several books and articles, Mr. Jones is a member of the Academy of Homiletics and the Society of Christian Ethics. He received his B.S. at Loyola University in New Orleans, his Doctor of Ministry degree from Emory University and his Ph.D. from Drew University.

Carolyn Markey

Ms. Markey was president and CEO of the Visiting Nurse Association of America (VNAA) from 1997 to 2007. During her tenure, she led the 400 visiting nurse agencies throughout the country in the areas of advocacy, national image, clinical education and regulatory compliance. Ms. Markey has 30 years’ experience in home health and community care in both for profit and not for profit organizations. Prior to VNAA, she was the CEO of Special Care Home Health Services, a $100 million division of Advantage Health. She served on the board of Myomo, Inc, and was a member of Leadership 18 and National Healthcare Coalition in Washington, DC. She is a registered nurse and graduate of North Shore Community College.


Willow Pasley

Ms. Pasley is a finance and management professional with 20 years of experience in the banking industry. During her tenure with Citizens Bank and BayBank, she specialized in lending to healthcare and not-for-profit organizations, including continuing care retirement communities. She earned a BA from Hartwick College and an MBA from Simmons College.

Ron Walker

Mr. Walker served as President of Lyon, Conklin & Company in Baltimore until his retirement in 1993. Prior to that position, he was Treasurer and Controller of C.C. Dickson Company in Charlotte, North Carolina. Both companies were involved in HVAC equipment distribution. Mr. Walker started his professional career as a CPA with the accounting firm of Coopers & Lybrand in Charlotte after graduating from the University of North Carolina at Chapel Hill.


Margaret A. Hunt

Margaret holds a R.N. degree from Massachusetts General Hospital School of Nursing and a certificate from the Graduate School of Banking at Brown University. She is also a Certified Graphoanalyst. Professionally she served as the head nurse at Massachusetts General Hospital, Branch Manager and Assistant Vice President of Personnel at Mutual Savings Bank for 24 years, and for 15 years she served at Grace Chapel, Lexington where she was responsible for operations and administration in finance, personnel and facilities of a 2000 member church. She was the first woman President of the Newton Needham Chamber of Commerce, President of the New England Paperweight Collectors’ Association, and Treasurer of the Bay Path Colonial Girl Scout Council. She served on the Brooksby Village RAC for 4 years, as Liaison to Resident Life and as RAC Secretary. She enjoys music, painting, paperweights, reading, and travel.


meet the brooksby village board of directors -...

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