St Margaret'S House Housing Development Fund Corporation

“St. Margaret's house has an executive committee of its board of directors comprised of voting members of the full board. When the board of directors is not in session, the executive committee shall have and may exercise all the powers of the board of directors as determined by the board of directors, except certain powers specified in the new york not-for-profit corporation law.”

“The rector, churchwardens and vestrymen of trinity church in the city of new york is the sole member of st. Margaret's house housing development fund corporation.”

“The governing body is elected by the member of st. Margaret's house.”

“Any major decisions affecting the corporation or the financing of major capital projects are deferred to the member, pursuant to the bylaws of the corporation and applicable laws.”

“The draft of the completed form 990, prepared by the auditing firm, at the direction of the executive director and the controller, is submitted to the executive director and the controller for a preliminary review. Any comments arising from their review are discussed and changes, if any, are made accordingly. The draft is then presented to all members of the board for review and approval. The president of the board signs the form. A copy of the organization's final form 990 is provided to all members of the governing body.”

“The conflict of interest policy of st. Margaret's house covers all board members, the executive director and department heads. They receive annually a copy of the policy requiring them to disclose any potential or actual conflicts. Additionally, board members, the executive director and department heads sign a statement certifying that they have received a copy of the policy and they agree to be bound by its provisions per the policy. The directors review and make a determination should a potential or actual conflict arise during the deliberations and decision process. The person with the potential or actual conflict is recused from the discussions and the vote.”

“Independent compensation consultants, compensation surveys, and comparable compensation studies are used to determine the compensation of the executive director. Compensation is approved by the st. Margaret's house executive committee and the chair of the board. This process was last completed in february 2025 and there was contemporaneous substantiation of the deliberation and decision.”

“St. Margaret's house makes its governing documents, conflict of interest policy, form 990 and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d). The organization's form 990 is made available via candid (formally known as guidestar).”