Saint Antoine Residence

“Mario macera, director of finance and wendy fargnoli, assistant treasurer review the form 990 prior to filing. Upon review and approval, the return is signed by wendy fargnoli and filed with the irs. In the event that wendy fargnoli is not able to sign the 990 information return, mario macera is authorized to do so. A copy is submitted to the fiscal office at the diocese of providence and one is kept at the business office.”

“All key employees and members of the board of directors are asked to read the organization's conflict of interest policy and annually they are asked to disclose any potential conflicts of interest. The executive director and the finance director review all potential conflicts of interest disclosed by key employees and determine if a true conflict exists. If an individual has a conflict, the executive director and the director of finance report this information to the board of directors. All members of the board are asked to disclose any conflicts of interest, and depending upon the conflict, they are asked to recuse themselves from discussions and voting on the related issue. All decisions are recorded in the minutes of the board of directors' meeting.”

“The board of directors functions as a compensation committee in determining salary for the administrator and key employees. In making its decision on compensation, it takes into account the compensation paid to similar administrators at comparable non-profit organizations in the area. The committee considers the performance of the organization during the review period and considers the administrator's success in achieving organizational goals. The administrator reviews salary of all other employees. In making a decision on the amount of compensation, she takes into account the compensation paid to similar executives, performing similar types of duties, at comparable non-profit organizations in the rhode island area. Compensation related decisions are documented in the minutes of the board meetings.”

“The organization makes all governing documents and financial statements available to the public upon request.”

“Unrealized gain on interest rate swap 114,976.”

“The finance committee is responsible for oversight of the completion of the audit of the financial statements and selection of an independent accountant. The audited financial statements are reviewed by the finance committee and submitted to the advisory board and corporate board.”