Highbridge Advisory Council Day Care & Senior Citizens Center Inc.

“The form 990 was presented to the ceo upon completion and review. The ceo then convened the finance committee of the board for a review with the outside audit firm available to provide explanations and answer any questions before approval. The form 990 was then distributed to all board members for review and approval prior to being filed.”

“The council requires all directors, principal officer, and member of a committee with governing board delegated powers to sign a conflict of interest statement on an annual basis. Potential conflicts of interest are reported to the directors and members of committees with governing board delegated powers. An individual with a potential conflict is required to leave the room during the discussion as well as the vote over the transaction or arrangement involving the possible conflict of interest.”

“The board of directors reviews comparability data before determining and approving compensation for officers annually. This process was last done in fiscal year 2020.”

“Hac maintains copies of these documents at the main office, to be provided to the public, upon request.”

“AVAILABLE UPON REQUEST.”

“Miscellaneous: program service expenses 68,679. Management and general expenses 25,612. Fundraising expenses 0. Total expenses 94,291. Repairs and maintenance: program service expenses 67,413. Management and general expenses 12,276. Fundraising expenses 0. Total expenses 79,689. Staff development: program service expenses 37,114. Management and general expenses 1,373. Fundraising expenses 0. Total expenses 38,487. Participant incidentals: program service expenses 20,132. Management and general expenses 1,604. Fundraising expenses 0. Total expenses 21,736.”

“Change in estimated liabilities - net 304,653. Loan reduction 121,257.”

“The organization 's audit oversight and selection process has not changed from the prior year.”

“The organization recognized a gain of $304,653 as a result of a change in a liability due to an agency for the closeout of fiscal year ending june 30, x. The organization recognized a gain of $121,257 as a result of a loan reduction.”