Women'S Institute for Housing And

“The board of directors authorized the finance committee to review and approve the form 990. A draft form was made available to any board member who wished to review it.”

“The organization requires annual submission of a written conflict-of-interest questionnaire by all officers, directors, and employees. The questionnaire requests disclosure of any possible professional or personal conflicts of the officer, director, or employee, or their immediate family members, in regard to transactions and relationships with the organization, its affiliates, its vendors, its funders and lenders, and/or any other significant relationship held by the organization. Additionally, any potential conflicts that may arise throughout the year are disclosed at regular board meetings, and assessed by management. If a conflict is evident or potentially evident, the following processes occur: (1) if an officer or director, the member is recused from all discussion and voting authority in which the conflict exists, and (2) if an employee, any negotiation and compensation between the organization and the party-of-interest is assigned to a non-interested senior employee.”

“The organization's board of directors undertakes an annual review of the executive director, which includes the following steps: (1) performance review to include input from board members, staff, and key stakeholders; (2) review of comparative industry compensation levels for senior management positions; and (3) presentation of performance review and recommended compensation levels at a regular board meeting for consideration and vote by directors. A comparable process is undertaken by the executive director for key employee positions. A salary range is approved by the board of directors for each employment category in the organization, and a maximum salary budget is approved in the annual operating budget.”

“The organization makes its audited financial statements available on its website. Governing documents are available to the public and may be accessed online from the massachusetts secretary of state and massachusetts attorney general websites and connecticut governmental agency.”

“Change in value of real estate investments -481.”