Social Concern Community Development Corporation

“A financial committee, established by the governing body of the organization, with the responsibilities to oversee the organization's financial reporting process, monitor choice of accounting policies and principles, monitor internal control processes, and oversee hiring and performance of any external auditors, reviews the overall adequacy and presentation of the Federal Tax Return Form 990 and any other City or State Tax Return filings prior to its submission to the different institutions.”

“To ensure that the Corporation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, the Corporation's Board of Directors conducts periodic reviews to its Conflict of Interest Policies to ensure that they have been applied during the preceding year, and if needed, amend or modify them.”

“Compensation to the organization's CEO, Executive Director, top management officials, and other officers of key employees are established by the Executvie Committee of the Board of Directors. In determining the appropriate level of compensation, this Committee is guided by the regulations imposed by the terms of their contract with the City of New York - Human Resource Administration.”

“The Agency makes its governing documents, conflict of interest policies and financial statements available to the public upon request.”

“= -$0”

“To adjust for prior year overrecorded MMIS revenues = -$70934”

“To record prior year allocation of Costs to other programs = $894880”

“To record recovery of HA wages from MCO program = $240148”

“To reverse prior year incorrect billings -MCO = -$120358”

“To write-off unliquidated liabilitiy to Union = $139884”