The Joseph M D'Assern Housing

“Jeremy kohomban, chair, and richard goerg, treasurer, are full time officers at the children's village, inc.”

“The organization engages an outside company, h&s property management inc., to collect tenant rents, prepare cash disbursements, maintain tenant records and are responsible for the upkeep of the property.”

“The membership of the corporation shall consist of those persons who have signed the certificate of incorporation as incorporators. All persons who are directors of the children's village are eligible for membership in this corporation during the time that they are serving as director of the children's village. Persons eligible for membership may be elected into membership upon receiving a majority vote of the board of directors of this corporation cast at a duly called meeting. Any member who ceased to be a director of the children's village shall no longer be a member of this corporation.”

“Directors should be elected to the board of directors by members during special meeting called for that purpose. One additional director may be designated by the commissioner of housing and community renewal of the state of new york, which designee shall hold office until replaced by a new designee of the state commissioner of housing and community renewal.”

“Any director other than the director designated by the commissioner of housing and community renewal can be removed either with or without cause at any time by the affirmative vote, at any duly constituted meeting of the members, by the majority of the members of the corporation entitled to vote.”

“The joseph d'assern housing corporation has its form 990 prepared by an independent 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 the children's village audit committee and the d'assern board, and is ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“A copy of the conflict of interest policy shall be furnished to each director, officer and member of the executive staff serving presently, and to each person who becomes a director, officer or member of the executive staff hereafter at the time such officer is assumed. Thereafter, this policy will be reviewed by the board, and copies circulated to directors, offices and members of the executive staff, at such intervals as the board deems appropriate. In addition, any director, officer or member of the executive staff who becomes aware of a potential conflict of interest should disclose that fact to the board of directors. In considering significant new transactions, the board will ordinarily inquire specifically whether any director, officer or member of the executive staff has an interest in the matter. Provided all material facts as to the interest in a matter of a director, officer or member of the executive staff are disclosed in good faith or known to the board, the board may authorize the transaction in question, so long as its vote is sufficient for that purpose without counting the vote of interested person to be excused from any deliberation and vote upon such a matter. The minutes of any meeting taking such action should reflect that the interested person's interest in the matter was disclosed or otherwise known to the board, and whether or not the individual involved participated in the board's discussion and vote. A similar procedure will be followed where any matter in which a director, officer or member of the executive staff has an interest comes before any committee of the board. The board will apply its good faith judgment in reviewing any transaction in which a director, officer or member of the executive staff has an interest. In general, transactions which are fair and reasonable as to children's village will not be considered inappropriate. However, the board reserves the right, in its discretion, to refrain from authorizing any transaction for any reason. It should not be assumed that any proposed transaction was unfair or improper merely because it may not be authorized by the board, since the board's action as to any specific matter will necessarily involve a wide range of considerations.”

“The organization makes its governing documents, conflict of interest policy and financial statements available during normal business hours upon written request.”

“Other professional fees 152,219.”

“The children's village audit committee assumes oversight of the audit of the financial statements and selection of an independent accountant. This process has not been changed from the prior year.”