Pesach Tikvah-Hope Development Inc.

“A copy of form 990 is first reviewed by the organization's management. It is then provided to the board of directors, who have the opportunity to review the 990 and comment/change the return prior to filing. After the board has reviewed, the return is filed.”

“All directors, officers and others 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 is not 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 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 drive 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 or directors of the agency notice of such interest of 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 himself from the final review and vote on the matter.”

“Annually, the board has a discussion to assess the 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 salaries of the other officers and key employees are determined yearly by the executive director and approved by the board.”

“The organization makes all of its records and policies available for public inspection by written request.”

“The process has not changed from the prior year.”