Casa Farnese Inc

“The organization has a finance committee that has the ability to act on behalf of the governing body. The finance committee is made up of joseph jacovini, david jacovini and david kimmel. These three individuals are the chairman of the board, the treasurer of the board, and a board member respectively. They are responsible for the reporting of the organization.”

“Joseph jacovini, chair person, and david jacovini, treasurer, have a family relationship”

“The organization uses prd management, inc., (prd) to manage its operations. Prd's duties include hiring, supervising, directing, discharging and determining the compensation of all employees and managing the rental and maintenance of units within the building.”

“The committees do not have authority to act on behalf of the governing body.”

“The form 990 is prepared by an independent accounting firm and then reviewed and approved by the finance committee. The final version of the form 990 is distributed to the board of directors prior to filing with the internal revenue service.”

“The 990 will be sent to the board ("governing body ") for review and approval. Once the board "governing body" has reviewed the 990 and no corrections are required they will vote on the approval of the 990 to be filed appropriately.”

“The conflict of interest policy applies to all directors, officers, committee members and all employees or staff members of the organization that hold senior management positions and the president is responsible for overseeing this process. A potential conflict must be disclosed to the directors or any other organization persons considering a proposed transaction or arrangement. After disclosure, the interested person shall not participate in the decision by the organization regarding the matter under consideration. After exercising due diligence, the organization shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If not, the board shall determine by a majority vote of the 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, the board shall make its decision as to whether to enter into the transaction or arrangement. Annual disclosure is required, and the conflict of interest policy includes a duty to disclose actual or potential conflicts as they arise.”

“The organization does not compensate any individual that meets the internal revenue service definition of top management official, officer, or key employee.”

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

“Other purchased services: program service expenses 693,809. Management and general expenses 0. Fundraising expenses 0. Total expenses 693,809.”