Family Residences and Essential

“The organization's management prepares supporting information for the form 990 and the outside accountants prepare the 990. An internal review is completed by management prior to the board of director's approval. The finance committee is provided a copy of the 990 by email and has the opportunity to discuss any questions prior to submission to the irs.”

“On an annual basis, all directors, officers, and key employees shall disclose in writing, to the best of their knowledge, all interests (as defined in the policy), including, but not limited to, all interests that the director or family member may have in any corporation, organization, partnership or other entity that provides professional or other goods or services to the corporation for a fee or other compensation, and any position or other material relationship such director may have with any not-for-profit corporation with which the corporation has a transaction or arrangement or with which the corporation is negotiating a transaction or arrangement (a "conflict of interest"). If at any time during his or her term of service, all directors, officers, and key employees acquires any interest which may pose a conflict of interest, that interest and the material terms of the conflict of interest shall be promptly disclosed in writing to the chair of the board, if there is no audit committee, or the chair of the audit committee of the board or the chief legal officer and ceo.”

“The organization uses an outside independent accounting consulting firm with expertise in the not-for-profit industry to perform a compensation analysis for the ceo and other corporate officers. The compensation analyses include the following: compensation surveys based upon the compensation and fringe benefits reported on the 990 tax returns for comparable agencies in the industry. The results of this compensation analysis are presented to the compensation committee of the free board of directors, who reviews the analysis to determine that the compensation levels are appropriate and ensures compliance with the due diligence guidelines as outlined in irc 4958. The basis for its determination and all decisions made are contemporaneously documented in meeting minutes and board resolutions. This process was last undertaken in 2024.”

“The organization makes their form 1023, 990, financial statements, governing documents, and conflict of interest available upon request.”

“Gain on involuntary conversion - insurance proceeds, net of costs 470,071.”

“The organization has a committee that assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”