The Parodneck Foundation for Self-H Elp Housing & Community Dvlpnt Inc

“Any person desiring to become a member of the corporation may be proposed as such at any meeting of the board of directors and if approved by a vote of majority of the directors present shall be elected to membership.”

“Members shall be entitled to vote for the election of directors at annual meetings of special meetings, vote on matters within the purview of members stated in the by-laws or in the certificate of incorporation, vote to amend by-laws, and shall, at every meeting, have an opportunity to hear reports from the corporations executive director, treasurer, and secretary and have an opportunity to be heard on these matters.”

“The parodneck foundation for self help housing has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“The policy is designed to encourage and ensure open communication and transparency between individual board members and the organization when potential conflicts of interest may arise. No policy can anticipate perfectly every possible situation that may arise during the life of an organization. As such, what follows is the board's best effort to identify and describe foreseeable and hopefully avoidable situations in which a conflict of interest may arise. When any case of doubt arises, individuals at any level are required to approach their respective manager up to an including the foundation executive director or the chair of the board of directors for direction. If such case of doubt shall relate to a matter involving the executive director or chair of the board of directors, a group of directors designated by the executive committee of the board shall provide a recommended course of direction. Board members are expected to adhere to in the conduct of the business of the parodneck foundation, exercise of their responsibilities, their public trust, and the best interests of the foundation. Board members should make decisions in light of the relevant public interest. They should not do so in order to gain financial or other material benefits for themselves, their families or their friends. Members must avoid conflict of interest with respect to their responsibility. To ensure openness, competitive opportunity, and appropriate access to sensitive information, there must be no self dealing or conduct of private business or personal services between any board member and the agency except as procedurally controlled.”

“The compensation committee conducts an annual evaluation of the executive director and reviews compensation. Compensation committee makes recommendation to the full board and the board votes on the recommendation.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly.”

“Recovery of bad debt 38,277.”

“The parodneck foundation for self-help housing and community development, inc. Has a committee that assumes responsibility for the oversight of the audit of its financial statements and selection of its independent auditor. The policy for selection and oversight of the independent auditors has not changed since last year.”