Ridgewood Bushwick Senior Citizens Council Inc

“During the fiscal year rbscc made significant changes to the organizations bylaws. The following changes were made: 1. Eliminated requirement that a majority of the board be 50 or older 2. Non-independent directors cannot participate or vote at any meeting on any matter as to which he or she is not independent but are counted for determining whether there is a quorum.”

“Before the form 990 is filed, it is reviewed by the audit committee. In addition, a copy of the form 990 is sent to each board member electronically or by hand with an opportunity to review and comment prior to filing.”

“Annually and upon first joining rbscc, each director, officer and employee is provided with a copy of rbscc's conflict of interest policy. The policy requires such individual to sign an annual disclosure form of any interest that could give rise to a conflict. Directors, officers and key employees are required to sign a more comprehensive disclosure form than are employees. The policy and disclosure form are distributed and collected by the hr department and submitted to the compliance officer for review. All potential conflicts are reported to the compliance officer who reports directly to the audit committee of the board of directors. Potential conflicts of interest involving directors are reported to the full board of directors. A director involved, directly or indirectly, in an actual or potential conflict of interest transaction may not participate in any discussion of the relevant transaction.”

“The executive committee reviews the compensation of the company's officers and key employees. The entire board reviews the compensation of the company's chief executive officer - james cameron, chief financial officer - michael klidas, scott short - director of housing, angela bataglia - aed, anita harvey edwards - compliance officer. In conducting these reviews, each of the executive committee and the board relies on appropriate comparability data and contemporaneously substantiates its deliberation and determination. These reviews were conducted in 2015. The titles are compared to 3 to 5 like titles to organizations of like budget size and compare to the median salaries of the companies. The board appoves all salaries annually reflected in board meetings.”

“Rbscc makes its form 990 available for public inspection by posting it on the website of the office of the attorney general of the state of ny. The return is also posted on the website www.guidestar.org and other similar type websites. Rbscc's governing documents, conflict of interest policy, and year-end financial statements are available upon written request at rbscc's business address during normal business hours.”

“Rbscc is a complex organization that operates through the filing organization as well as that of a number of its related organizations. Business of the related organizations is attended to by management and at meetings of rbscc's board as required. On average, the board members spend an hour a week on rbscc and the related organizations through which it operates. In addition, the officers and key employees work an average of at least 35 hours per week on the filing organization and the related organizations through which it operates. Although rbscc issues the w-2, the portion of an employee's compensation that relates to hours spent working for a related organization is allocated to that organization and it reimburses rbscc for that allocated amount.”

“Write off from uncollectible pledge -700,160.”

“The process of overseeing the audit and selection of the independent accountant has not been changed from the prior year.”