Women'S Housing & Economic Development Corporation

“The board of directors amended the by-laws in september 2023. The changes to the by-laws include updates to the minimum number of compensation committee members and the authority of the compensation committee members' roles in establishing the president's compensation.”

“The organization's form 990 is prepared by an outside accounting firm. The president, cfo, general counsel and the board of directors review the form 990 before it is finalized and issued. The organization's form 990 is sent to the board electronically for review. Any questions or requested changes are communicated to the cfo. Once all feedback has been addressed and final approvals are obtained, the return is filed with the irs.”

“Women's housing and economic development corporation currently has in place a conflict of interest policy which it annually monitors and enforces. The board currently mandates that all directors, officers, and key person annually sign a conflict of interest disclosures and disclose any potential or actual conflicts that may exist. The signed conflict of interest disclosures is submitted to the board chair who reviews the signed attestations for potential or actual conflicts. If a potential or actual conflict exists, the board or committee will inform the member of the basis of such belief and afford the member an opportunity to respond. The board or committee will disclose the conflict of interest and how the conflict was handled. The person with the actual conflict of interest will be prohibited from voting on the matter that gives rise to the conflict. If there has been substantial and repeated failures to disclose actual conflicts of interest, the board may take appropriate disciplinary and corrective action, including removal of the member.”

“The compensation committee determines the compensation of the president and other officers. The compensation committee uses comparability data from form 990s and compensation surveys to help determine the compensation of the president and other officers on an annual basis. The compensation decision is documented in the records of the organization. This process was last completed in 2024.”

“The organization makes a summary of its financial statements available to the public on its own website. The organization makes its full financial statements, governing documents, and conflict of interest policy available to the public upon request.”

“Write-off of pledge receivables -256,679.”

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