Arc Apartments Inc

“Arc apartment has adopted the process of the parent entity, nysarc, inc. Ulster-greene putnam counties chapter (the chapter). The chapter's executive committee of the board of directors performs the compensation review of the chief executive officer, advises the board with respect to senior management succession planning and recommends to the board of directors the compensation packet of the executive director. This process was last done in 2022. The compensation of the other executive team members and key employees is based on data comparisons derived from the human resource department and performance rating scale based on the criteria of the position. The executive director will use these resources to determine compensation level”

“Arc apartments inc. Delegates the management duties of their operations to nysarc, inc. Ulster, greene, putnam counties chapter for budgetary, recording, bookkeeping, and managerial functions.”

“The audit committee and management review the 990 tax returns. The audit committee will discuss with management any issues, concerns or recommendations resulting from the completion of the 990 tax return. Once the 990 has been accepted by the audit committee and management, the cfo will present the 990 tax return to the full board of directors. Any questions by the full board are addressed by management.”

“The policies are adopted from the parent entity, nysarc, inc. Ulster-greene putnam counties chapter (the chapter) annually, the governing board and executive management complete a conflict of interest selfdisclosure form. If there is a conflict of interest, as per the policy of the chapter, the parent entity, the board member that it involves will remove him/herself from the discussion and/or vote.”

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