Westchester Residential Opportunities

“Westchester residential opportunities, inc. 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. When the form 990 has been prepared, reviewed by management, the finance committee and the executive committee and is ready to be filed with the internal revenue service, it is electronically sent to the board for review before it is filed with the internal revenue service.”

“All directors, officers, and wro employees must disclose any relevant interest of an interested party or related party as they relate to such director, officer, or wro employee which may pose a potential conflict of interest. If a potential conflict occurs, the director, officer, or wro employee to whom the potential conflict of interest relates may offer factual information to the board or committee; but no such director, officer, or wro employee is to vote on such matter. The event must be recorded in the minutes of the meeting of the board or committee. Disclosure statements are reviewed and signed off on annually by each board member.”

“The personnel committee shall (1) prepare and, from time to time with the participation of the executive director, update the job description of the executive director; (2) meet with the executive director prior to the year that the executive director's job performance will be evaluated and establish financial, programmatic and operational goals to be met by the executive director during the evaluation year, and (3) within 45 days after the end of the evaluation year, make recommendations to the executive committee regarding the performance of the executive director during the evaluation year and any proposed change to the executive director's compensation. The personnel committee shall be comprised of only those members of the board of directors who have no conflict of interest. The personnel committee's conclusions regarding the executive director's performance during the evaluation year shall be based on whether and to what extent the executive director (a) met or exceeded the obligations established in the job description and (b) met or exceeded the goals. Whether there shall be a change in the executive director's compensation shall be reviewed with the finance committee based on his/her performance evaluation, availability of funds and reasonably available information regarding compensation paid by at least three comparable organizations in the same or similar communities for similar positions involving similar services. Where practicable, such information should include (1) documented telephone inquiries about similar positions in non-profit and for-profit organizations, (2) written job offers at similar organizations, (3) information from the form 990 filings of other non-profit organizations, (4) studies by independent compensation experts, and/or (5) information available from reliable, independent organizations that gather and provide this type of information. The personnel committee shall document, in the minutes of its proceedings, the reasons supporting its recommendations. The process for determining the executive director's salary was undertaken in november of 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 and by-laws are also available upon written request.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“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.”