Jeanne D'Arc Residence

“The sole member of the organization shall be the congregation of divine providence.”

“The sole member of the organization has the rights to appoint board members.”

“The sole member has the rights to remove board members and amend the governing documents of the organization.”

“The form 990 is prepared by a member of the organization and sent to an outside accounting firm for their review and changes. After the 990 has been reviewed by the outside accounting firm, it is sent back to management for their review. Before the prepared form 990 is filed, it is sent electronically to every member of the board to review and is discussed with management at a meeting of the board of directors. Once the board has approved the return, it is filed with the internal revenue service.”

“The organization has a written conflict of interest policy that it regularly and consistently monitors. Annually the officers and directors of the organization sign a statement concerning conflict of interest policy. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and member of committees with governing board delegated powers considering the proposed transaction or arrangement. If a conflict were to occur an interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with resonable efforts a more advantageous transaction or arrangement 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 possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“Compensation for the executive director is determined after a review of comparable salaries for similar positions in the new york city metropolitan areas. These comparisons are shared with the independent finance committee who annually prepares a recommendation for the full board. At the fall board meeting, the recommendations and rationale are presented for discussion and approved by the board. The approval is documented in the minutes for both the finance committee and the board of directors meetings.”

“The organization makes its form 990 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, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written or electronic request.”