The Frassati Residence D/B/A the Villa at Saint Antoine

“The director of finance and the executive director/assistant treasurer review the form 990 prior to filing. Upon review and approval, the return is signed by the assistant treasurer and filed with the irs. In the event that assistant treasurer is not able to sign the form 990, the director of finance 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 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 of directors 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 the 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 its governing documents and financial statements available to the public upon request at the business office. The organization has a written employee protection (whistleblower) policy that is distributed to all new employees as well as a written conflict of interest policy. Copies are available to the public at the business office.”

“Mario macera and wendy fargnoli are employed and compensated by saint antoine residence, a related organization. Saint antoine residence provides bookkeeping and management services to the frassati residence d/b/a the villa at saint antoine, some of which is provided by mr. Macera and ms. Fargnoli. As such, a portion of their compensation is included in the calculation of the $75,000 of bookkeeping and management service fee charged by saint antoine residence to the frassati residence.”

“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.”