Hope Community Services Inc.

“Hope community services 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 and the audit committee and is ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for approval.”

“This conflicts of interest policy ("policy") is adopted for hope community services, inc. (the "corporation") in order to assure: (i) a uniform conflict of interest policy for covered persons (as defined below) and (ii) effective communication and decision making regarding potential conflicts of interest. As used in this policy, the term "covered person" refers to (a) directors and officers of the corporation; and (b) employees, consultants, or other persons who may be in a position to exercise substantial influence over the corporation's affairs. Covered persons shall complete the questionnaire concerning financial interest initially upon their start date with the corporation, then annually, and on change of circumstances, which shall be reviewed by the board of directors or a committee thereof. Each covered person shall promptly disclose, prior or immediately upon becoming aware of any contemplated transaction, agreement or other arrangement between a covered person or a related party and the corporation to the board or committee chair all material facts relating to any financial interest, as well as any actual, potential or perceived conflict of interest. A covered person with a financial interest may make a presentation at the board or committee meeting, but after such presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that gave rise to the conflict of interest. No related party may participate in deliberations or voting relating to matters set forth in this section; provided that nothing in this section shall prohibit the board or authorized committee from requesting that a related party present information concerning a related party transaction at a board or committee meeting prior to the commencement of deliberations or voting relating thereto. Directors who attend a meeting but are not present at the time of a vote due to their interest in a related party transaction will be determined to be present at the time of the vote for purposes of establishing a quorum. The board or committee chairperson shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine, by an affirmative vote of a majority of the quorum of disinterested directors participating in the meeting, whether the transaction or arrangement is in the corporation's best interest and for its own benefit, and whether the transaction is fair and reasonable to the corporation. The minutes of the board of directors or any committee thereof shall contain: (i) the names of the persons who disclosed an actual or potential conflict of interest or otherwise were found to have a conflict of interest, and the nature of the conflict of interest; and (ii) the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement considered and the appropriate comparability data relied upon, and a record of any votes taken.”

“The executive director's salary is determined and approved by the board of directors based on a review of the salaries of similar positions at similar organizations. Increases are decided at a board meeting and documented in the board minutes, which include the board's decision. The process for determining the executive director's salary was last undertaken in 2017.”

“The organization's form 990 is available for public inspection as required under section 6104 of the internal revenue code. It is posted on new york state attorney general website, 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 at 50 washington ave, new rochelle, ny 10801 or by calling the organization directly at 914-636-4010.”

“Hope community services, inc. Has an audit committee that assumes responsibility for oversight of the audit of the organization's financial statements and selection of an independent accountant.”