Independent Living Inc

“Independent living, 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 is electronically sent to the board of directors for approval. Once the board of directors has approved the return it is filed with the internal revenue service.”

“The conflict of interest policy is applicable to all directors, officers, volunteers, employees and interns of independent living, inc. (ili). All such parties are required to complete a conflict of interest statement at the time of engagement or affiliation with ili and annually thereafter. Each statement will be reviewed by the compliance manager. Any conflict disclosed will be reviewed by audit committee for review, deliberation and vote. The audit committee is comprised of independent directors. Any person with a conflict of interest shall not participate in the deliberation and vote on the matter given rise to such conflict. All resolutions of conflicts shall be documented.”

“Compensation studies are obtained by the board of directors and reviewed by the compensation committee to determine reasonable compensation for the president and chief executive officer, and executive staff. The compensation committee makes a recommendation to the board of directors regarding salaries and the board of directors approves of any changes. The board of director's approval of the president and chief executive officer's salary is documented in the minutes of the executive sessions of the meetings of the board of directors. The president and chief executive officer has an employment contract which is created and approved by the board of directors on an annual basis.”

“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 request at 5 washington terrace, newburgh, ny 12550 or by calling the organization directly at (845) 565-1162.”