Physicians Home Inc

“Physicians' home has two classes of membership, contributing members and administrative members. Contributors of $25 or more to the organization are contributing members for that fiscal year. Directors, trustees, and officers are administrative members. Both classes of members have the right to elect the board of directors, which are elected annually by a majority vote of all members.”

“Each contributing member may attend the annual meeting of the organization, and vote for the governing body. Members of the governing body are considered administrative members. Each contributing member and administrative member of the corporation is entitled to one vote, in person or by proxy, at all meetings of members.”

“The form 990 is prepared by an outside accounting firm, and then reviewed internally by management and the organization's outside consultant. Once this is complete, a paper copy of the form 990 is provided to all board members for any comments. Any comments are addressed until the return is finalized and approved for filing.”

“The physicians' home conflict of interest policy covers all members of the board of directors, trustees, officers, accountant(s), auditor(s), investment manager(s), and office staff. These persons receive a statement of conflict of interest policy (which also covers confidentiality and whistleblower activities). The conflict of interest statement requires that persons covered under the statement will disclose to the executive committee any such situation. If and when a potential conflict of interest is disclosed and validated by the executive committee, the person is expected to recuse himself/herself from the related activities.”

“The organization followed a process for determining the president/ceo's salary. This was conducted by the board chairman. An outside consulting firm was asked to provide information about typical compensation for other individuals in a position similar to our president/ceos. The chairman shared the results of this study with the board members, and proposed a salary increase. Board members approved an increase in the compensation for the position from $30,000 to $50,000 per year effective october 1, 2018. This amount represents approximately two-thirds of the compensation paid by other similar organizations. Board members approved the final proposed president/ceo's salary in writing and the organization has retained their responses. The board has left the salary unchanged subsequent to october 1, 2018.”

“The form 990 is available upon request and posted on guidestar.org and similar types of websites. The forms 990, annual financial statements, conflict of interest policy, articles of incorporation, and by-laws are available upon written request from the organization at 515 madison ave, 8th fl, new york, ny 10022-8606.”

“Board member hours per week reported in part vii, section a, reflect that certain members of the governing body were in a transition role off the board or to a non-voting position as director emeritus or trustee, and hours per week reflect such transitions during the year; as well as one member who is practicing physician that will have increased participation on the board in the following year.”