Riverdale Neighborhood House Inc

“In fy2024 the organization amended its bylaws. Significant changes to the bylaws include: changing the numbers of directors: changing the minimum and maximum number of board members. There shall be at least twelve (12) and no more than twenty-four (24). Previously, the number of directors constituting the entire board shall be between twenty-one (21) and thirty (30). A two-thirds vote of directors is necessary to remove any director versus a majority vote of directors to remove any director. Action without a meeting: any action required or permitted to be taken by the board or committee may be taken without a meeting if two-thirds of the board consent in writing to the adoption of a resolution authorizing the action. Previously, it was required a meeting of all board. Changing the composition of officers of the corporation: removing assistant secretary and assistant treasurer. Changing the composition and authorities of committee. Removal of the requirement for the organization to have a committee on directors and personnel and creating a governance committee.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. Once the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board (with the exception of two board members, who receive a printed copy) for approval. Once the board has approved the return it is filed with the internal revenue service.”

“The purpose of the conflict of interest policy is to protect the interests of riverdale neighborhood house, inc. When it is contemplating entering into a transaction or arrangement that might benefit the private interest of a director, officer, or key person of the corporation or one of their relatives. Under this policy, if the corporation contemplates entering into a related party transaction, the board or authorized board committee must determine if the transaction is fair, reasonable, and in the best interests of the corporation at the time of such determination. All transactions, agreements or any other arrangements between the corporation and a related party, and any other transactions which may involve a potential conflict of interest, shall be reviewed by the board or authorized board committee. No related party shall vote, act, or attempt to influence improperly the deliberations or voting on any matter in which he or she has been determined by the board or authorized board committee to have a financial interest.”

“The board annually reviews and approves the compensation for the executive director. The personnel committee uses the most recent compensation survey from united neighborhood houses ("unh"), which is done every other year. It shows salaries by organization budget, number of employees and other factors to show averages for boards to use. If necessary, they will draw information from other sources such as the survey by professional for nonprofits, nonprofit times, and others. After determining a recommendation, the personnel committee presents the full board in the executive session and has a vote made by motion and approval. The board minutes document the compensation approval for the executive director. The detailed approval is sent to the fiscal office from the personnel committee char. The process as outlined above was last conducted in 2024.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 1023 and by-laws are also available upon written request or by calling the organization directly.”

“Loss on deconsolidation uncollectible pledges -18,051.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”