Rent Stabilization Association of Nyc Inc

“Mark engel and matthew engel, directors of the organization, have a family relationship.”

“Rsa is a membership organization of owners and agents of rent regulated buildings in new york city. Membership consists of about 25,000 owners and agents representing approximately 43,000 buildings.”

“Rsa members have the power to elect members of the governing board.”

“Audited financial statements, which is basis for form 990, is reviewed and approved by executive committee before it is finalized. Form 990 draft is reviewed by controller, then forwarded with notes to executive committee for review and approval prior to filing.”

“Board members and officers are required to disclose any actual or possible conflict of interest with the governing board. After disclosure, the individual in question must recuse themselves from voting on the matter. Such matters involving the existence of conflicts of interest are to be documented in the minutes of the governing board.”

“President - the executive committee reviews performance of the president. Based on comparative data of his salary & benefits with the same position of other non-profit organizations, a recommendation is forwarded to the executive committee as part of the review process. Final decision is signed by chairman of the board (a. Sirulnick) as approval & forwarded to hr for implementation. Other officers (j, freund, f. Ricci & m. Posilkin) - the president (j. Strasburg) reviews performance for vice president (j. Freund), director of government affairs (f. Ricci) and general counsel (m. Posilkin). Based on these reviews, a recommendation is given to the executive committee who will review and approve the recommendation. Final amounts are approved by chairman of the board and list is forwarded to hr for implementation. Employees - supervisors do an annual performance appraisal of employees. Results of which are discussed with the employees and is the basis for recommendations. All recommendations together with the performance appraisals are forwarded to the president (j. Strasburg) who informs executive committee of proposed rate changes. The president approves final rate changes and a list is forwarded to hr for implementation. All performance appraisals and recommendations are filed in each employee's hr file. The compensation review process was last conducted in 2018.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990 is also available on www.guidestar.org.”

“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.”