Hope and a Home-Inc

“The form 990 was prepared by the outside accountants and reviewed by senior management. The 990 was presented to the board of directors through e-mail prior to being filed with the irs.”

“Board members sign a conflict of interest statement upon joining the board. In the event of a disclosure by a board member of a financial interest and all material facts, and after any discussion with the board, if a potential conflict of issue arises, the conflicted party is excused from the governing board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members decide if a conflict of interest exists. If the governing board has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board determines the member has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action. Employees also sign conflict of interest statements and similar procedures are applied in the case of a conflict of interest held by an employee.”

“The compensation of the executive director is determined and approved by independent members of the board. This process uses comparability data and there is contemporaneous substantiation of the deliberation and decision. The last review was in september 2020.”

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“Hope and a home launched a food program in august 2020, to address food insecurity challenging the well-being of both the phase 1 families living in its housing, as well as phase 2 families who live independently but receive services.”

“On april 15, 2020, hope and a home received loan proceeds in the amount of $123,127 under the paycheck protection program, under the coronavirus aid, relief, and economic security act (cares act). The promissory note must be used for certain expenditures within a 24-week period to ultimately be forgiven by the small business administration. Hope and a home used the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds meet the conditions for forgiveness of the loan. On march 25, 2021, hope and a home received full forgiveness of the loan, and accordingly, the loan is presented as a current liability on the accompanying statement of financial position.”