George Daly Housing Development Fund Company Inc.

“George daly hdfc, 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 is ready to be filed with the internal revenue service, it's submitted electronically to a representative member of the organization's governing body for any comments prior to its submission. The governing body is provided with one week to review the prepared form 990 and provide their comments. Any comments are then grouped, summarized and provided to the management committee in charge of filing the return for their review. Each issue is documented and addressed until the return is finalized and approved for filing.”

“George daly hdfc, inc. Currently has in place a conflict of interest policy which it annually monitors and enforces. The board currently mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. The signed conflict of interest policy is submitted to the corporate compliance officer who reviews the signed attestations for potential or actual conflicts. If a potential or actual conflict of interest exists, the corporate compliance officer will notify a member of management or the governing body about such conflict and investigate the conflict. The results of the investigation will be summarized and documented by the corporate compliance officer and be reported to the governing body. If the corporate compliance officer establishes that an actual conflict exists, the member of management or the governing body will be notified immediately and will not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict until such time there is no longer a conflict.”

“George daly housing development fund company, inc. Has established a written compensation policy for their compensation committee to follow in establishing the compensation for the ceo, executive director, top management official, other officers or key employees. The policy mandates that executive compensation be reviewed annually by the compensation committee and that the committee should be free of conflicts of interest. In addition, the approving compensation committee needs to review appropriate and adequate data to determine the reasonableness of compensation being considered. The compensation committee uses a variety of information and studies that are available to determine that the appropriate level of compensation is being paid to its executives. The compensation committee of new york foundation for senior citizens, inc. Engaged an outside consulting firm to conduct an executive compensation study which included a market evaluation of the top five positions within the organization. The compensation committee's decision on the amount of compensation paid is required to be adequately documented in a contemporaneously written format and should document the date of the decision, the members present during the decision and those who voted on it, the full terms of the transaction that was approved and the comparable data used and relied upon to make the decision. The compensation review process for the ceo, executive director, top management official, other officers or key employees was last undertaken in november 2019.”

“George daly hdfc, inc. Form 990 is available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, forms 990 and 1023 as well as the governing documents, conflict of interest policy and financial statements are available upon written request at 11 park place, suite 1416, new york, ny 10007 or by calling the organization directly at (212) 962-7653.”

“Consultants: program service expenses 3,354. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,354. Security: program service expenses 185,316. Management and general expenses 0. Fundraising expenses 0. Total expenses 185,316. Exterminator: program service expenses 6,350. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,350. Payroll services: program service expenses 12,736. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,736. Elevator services: program service expenses 27,861. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,861.”

“The organization's board members assume responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.”