Pesach Tikvah-Hope Development Inc.

“A draft of the 990 was sent to the full board of directors. Any questions or comments were directed back to the executive director.”

“All directors, officers and other holding leadership positions within the agency (leaders), shall scrupulously avoid any conflict between their own respective individual interests and the interests of the agency, in any and all actions taken by them on behalf of the agency in their respective capacities. Conflicts of interest would include, but not be limited to, direct financial or close personal interests in a company or product which could be affected by a decision of the board, a committee, or other agency governing body on which the leader serves; acceptance of any gift, entertainment, services, loans, or promises of future benefits from any person or organization that might benefit because of the leader's connection with the agency (note: this does not apply to gifts and/or similar entertainment of nominal value); and compensation in the form of fees or salaries if such payment is affected directly or indirectly by the leader's work with the agency (note: the agency is not critical of such interests; it merely requests that leaders disqualify themselves from direct service to the agency if they have such interests.) annually, at the june meeting of the board of directors, all officers and directors shall disclose any direct or indirect relationships with organizations, either for-profit or not-for-profit, that may, during their term of office, be involved with the agency in a formal capacity. Examples of such relationships may include, but are not to be limited to, employer-employee relationships, governance relationships, shareholder relationships, contractor-contractee relationships, etc. If any director or officer of the agency may stand to derive a personal gain or benefit from a transaction with the agency or shall have any direct or indirect interest in or relationship with any individual or organization: (i) which proposes to enter into any transaction with the agency for the sale, purchase, lease or rental of property; (ii) which proposes to render or employ services, personal or otherwise, to the agency; or (iii) which may be seen as competing with the interests or concerns of the agency; then such director or officer shall forthwith give the board of directors of the agency notice of such interest or relationship and shall, therefore, refrain from voting or otherwise attempting to affect any decision for the agency to participate or not to participate in such transaction and the manner of terms of such participation. Minutes of appropriate meetings should reflect that such disclosure was made, and that such director or officer abstained from voting and absented him or herself from the final review and vote on the matter.”

“Annually, the board has a discussion to assess executive director's performance, his experience, unique skills, role and fit within the community, their decision to rehire, and overall success of the agency; while comparing his compensation and job description to those of comparable organizations and considering the current economic crisis and state funding cuts. The controller's salary is determined yearly by the executive director. This year's salaries were based on a review done in april of 2016. Subsequently another review was conducted in april of 2017.”

“These documents are available upon request.”

“Process has not changed from prior year.”