Field Home Holy Comforter

“The board of directors has designated the finance committee to review the internal revenue service form 990. The committee will meet with the ceo, and director of finance to review the return in detail before it is approved. After it is approved, the final version is emailed to the full board and then filed with the irs.”

“The organization's conflict of interest policy requires an annual statement to be executed by board members and employees. The statements are reviewed by the corporate compliance officer, who has the authority to consult with independent counsel concerning any potential conflict. Conflicts are resolved by making a required disclosure, and may result in restricting the board member or employee in any related activity or process as determined appropriate to the circumstances of the conflict. Failure to disclose a conflict of interest is in violation of the adopted policy and can result in disciplinary action or removal.”

“The compensation committee meets periodically to consider officers and key employee compensation arrangements. The committee solicits industry relevant comparisons from published sources and consults with corporate counsel for insight into nuanced local data for comparisons. Current economic and business performance factors are considered along with any future goals and objectives of the organization. Analysis of performance in achieving stated budgetary, operational and statistical goals is reviewed, as well as success in compliance with external requirements and/or management of findings or occurrences of non-compliance. The committee presents its recommendation to the board of directors for action, and approval. Any changes in compensation are approved by the board and documented in the minutes.”

“The organization makes its form 1023 and form 990 available to the general public upon request as required under section 6104 of the internal revenue code. The organization's form 990 is also available on new york state attorney general website, guidestar's website and other similar websites.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The organization also files an annual cost report with the new york state department of health which contains financial statements and related note disclosures, which is available to the public upon request.”

“The board of directors has designated the finance committee to oversee the selection of the independent auditors and for oversight of the audit. The committee meets with management and the independent auditors to review the results of the audit, draft audit report, and required communications. The committee meets in executive session with the independent auditor before concluding its review and acceptance of the annual audit report. This process has not changed from the prior year.”

“The home identified retention bonuses of $598,000 that were not recorded which resulted in understating the home's liabilities at december 31, 2016.”