Bronx Council for Economic Development Local Development Corp

“The organization distributes the 990 at the board of directors meeting. The board votes to approve the 990.”

“THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC upon request.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person. a). Has received a copy of the conflicts of interest policy. b). Has read and understand the policy. c). Has agreed to comply with the policy, and d). Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Compensation of the ceo is reviewed and approved annually by the finance committee of the board of directors. Periodically, the board will engage an independent compensation consultant to determine the appropriateness of the compensation package offered to the executive of the organization. This process includes utilization of a comparative salary analysis with executives of comparable organizations.”

“Description:OTHER ASSETS BOY Amount:7520 EOY Amount:6450”

“Description:INTERCOMPANY PAYABLE - ACACIA BOY Amount:27800 EOY Amount:26088”

“Description:INTERCOMPANY PASO BOY Amount:1352 EOY Amount:2602”

“Description:INTERCOMPANY SYSTEMS BOY Amount:44503 EOY Amount:58009”

“Description:OTHER LIABILITIES BOY Amount:394 EOY Amount:”