New York Institute for Human Development Inc

“Nyihd has a business services agreement with catholic charities community services under which cccs provides fiscal operations services for which it charged anych $639,000 in the year ended december 31, 2024.”

“The organization is a membership organization with one member, the association of new york catholic homes, inc.”

“The sole member of the organization elects the board of directors.”

“The following governance decisions are reserved to the member: 1) removal of any director without cause 2) any amendment to the certificate of incorporation, by-laws or mission statement of the organization 3) approval of a plan of merger or consolidation of the corporation, or dissolution of the corporation 4) approval of the sale, mortgage, lease, exchange or other disposition of all or substantially all of the assets of the corporation”

“The form 990 is distributed to members of the board's executive committee and then the board for review and discussion at their respective meetings prior to filing.”

“The organization has a conflict of interest policy which covers all directors, officers, committee members, professional staff members, and other employees ("interested persons"). Interested persons are required to disclose any conflicts of interest to the board prior to any action on such contract or transaction. If a potential conflict of interest were to arise, the interested person may not vote on the related transaction. All discussion and deliberation is documented in the board minutes. The board is responsible to ensure that the stated process occurs in accordance with the policy. All board members must annually sign a statement and disclose any potential conflicts.”

“The board of directors reviews the compensation of the chief executive officer annually. The annual budget, including compensation, is reviewed and approved by the executive committee and then ratified by the full board. On an ongoing basis, comparable data from third parties is used by the organization to keep compensation in line with industry standards. The compensation determination is documented in the minutes of the meeting. The process was last conducted in 2024.”

“The organization makes its form 990, governing documents, conflict of interest policy, and audited financial statements available to the public upon request.”

“Other professional fees: program service expenses 0. Management and general expenses 54,124. Fundraising expenses 0. Total expenses 54,124. Pre-development housing project costs: program service expenses 6,814,290. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,814,290. Property management: program service expenses 144,070. Management and general expenses 0. Fundraising expenses 0. Total expenses 144,070. Recruitment fees: program service expenses 1,294. Management and general expenses 99,926. Fundraising expenses 0. Total expenses 101,220. Payroll fees: program service expenses 318. Management and general expenses 460. Fundraising expenses 0. Total expenses 778. Development costs: program service expenses 323,904. Management and general expenses 0. Fundraising expenses 0. Total expenses 323,904.”

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