Wyandanch Community Development Corporation

“The 990 is presented to the chairperson and treasurer by the exec director for review, discussion and approval before distribution to the board. The 990 form is made available to the board in hard or electonic form. At the board meeting the executive director discusses the exec committees review of the 990 and after discussion the board approves the 990 to be submitted to the irs.”

“Part vi line 12 in the event that the board considers an issue that involves the financial relationship between wcdc and a member of the board, the board member will disclose to the board the financial relationship that the particular board member has with respect to the issue. No contract or other transaction between wcdc and a board member in which there exists a conflict of interest shall be either void or voidable for this reason alone or by reason that such board member is present at the meeting of the board, or of a committee thereof, which authorizes such contract or transaction, or that such board member's vote is counted for such purpose. If the material facts as to such board member's interests in such contract or transaction are disclosed in good faith or known to the board or committee, and the board or committee authorizes such contract or transaction by a vote sufficient for such purpose without counting the vote or votes of such board member. Board members who serve as employees or volunteers in a decision-making capacity on behalf of another organization with which wcdc is working or transacting business, shall inform the board chairperson and the executive director as to their involvement in the said organization.”

“And part vi line 15 b - other officers and key employees the board meets independent of the executive director to discuss performance relative to the positions decscription. During these deliberations, the board also considers input obtained from other staff, professional advisors, grant recipients, and other informed community leaders. Once a consensus is reached regarding performance, a similar discussion is held concerning compensation relative to an annual benchmark and established objectives. Once the full board approves of the amount of annual compensation to be paid to a specific employee the committee then meets with the employee to discuss compensation, document strengths, weeknesses, and goals for for the upcoming year. The decision made by the board on the amount of compensation to be paid to an individual should be adequately documented in a contemporaneously written format, the records or board minutes of the board should document the following. The date of the decision, the members present during the decision and those who voted on it, the full terms of the transaction approved, the comparable data used and relied upon to make the decision and how the comparable data was obtained.”

“SEE PART VI 15 A”

“Part vi line 19 wyandanch community development corp makes its governing documents, conflict of interest policy, and financial statements available to the public on their website and upon request and within 24 hours by either pick up or us mail.”

“The mission of wyandanch community developmemt corp (wyandanch cdc) is to provide housing to qualified income eligible residents of the community. To accomplish this wyandanch cdc conducts and participates in development, services and housing projects designed to preserve the community, protect the health and safety of the residents and promote self help programs to revitalize the area.”

“Prior year income adjustment 0”