Shrewsbury Housing Inc

“Shrewsbury housing's management services are provided by spiritrust lutheran, a tax-exempt affiliate.”

“The sole member of shrewsbury housing is spiritrust lutheran, a pennsylvania non-profit corporation.”

“The ceo of spiritrust lutheran, or his designee, shall serve as president of shrewsbury housing. The remaining members of the board shall be elected by spiritrust lutheran's board of directors.”

“Without the written consent and approval of spiritrust lutheran's board of directors, the shrewsbury housing board may not: (a) initiate, cease, or significantly modify any fund-raising activities or plans for the solicitation of charitable contributions or for the solicitation or acceptance as a gift of any real property or interest therin; (b) change the area served by shrewsbury housing; (c) borrow more than $10,000 under terms which provide for repayment period in excess of three months; (d) enter into any leases which would obligate shrewsbury housing to make rental payments in excess of $5,000 per year; (e) purchase insurance policies; (f) undertake any capital expenditures in excess of $50,000 and any capital expenditures involving related projects which, in the aggregate exceed $50,000; (g) amend shrewsbury housing's article of incorporation; (h) initiate, cease, or significantly modify any of shrewsbury housing's line of services, products or programs; (i) sell, relinquish, or otherwise authorize a change in control of more than 30% of the assets of shrewsbury housing; (j) select, remove or replace independent accountants and auditors for shrewsbury housing; (k) authorize fundamental changes to shrewsbury housing, including the adoption of a plan of dissolution; the adoption of a plan of merger, consolidation, division, conversion or affiliation with another entity; and change to shrewsbury housing's current corporate organizational structure; (l) authorize and designate officers of shrewsbury housing to execute a deed of assignment for the benefit of creditors; file a voluntary petition in bankruptcy; file an answer consenting to the appointment of a receiver; or file an answer to an involuntary petition in bankruptcy; and (m) organize or acquire any subsidiary or affiliate.”

“Shrewsbury housing, inc. Has a cpa firm prepare its form 990. The return is completed in draft form and reviewed by management of the organization. Management then presents a summary of the 990 to the board of directors.”

“Shrewsbury housing annually requires its board members, officers, and key employees to complete a conflicts of interest form, which is kept on file by the organization. During board meetings, if an interested party has a conflict, he/she recuses themselves from voting. If conflicts are made known with other employees in the organization, a plan is developed for that employee to avoid influencing decision making in the area of conflict. This plan is developed by the employee's manager and approved by the department director. This plan will be agreed upon by the employee and monitored by the manager.”

“Shrewsbury housing's ceo is paid by spiritrust lutheran. Spiritrust lutheran utilizes salary survey information to determine the compensation amounts of all employees within the organization, including the chief executive officer and key employees. The salary survey information ensures that pay rates are competitive. Salary ranges for job classes are adjusted based on the salary survey information and then reviewed and approved by the board of directors. A budgeted merit increase percentage is also subject to board approval. The organization's compensation process takes place annually. Taking into consideration the salary survey information, the board of directors determines the salary of the ceo and the ceo determines the salaries of the key employees.”

“Shrewsbury housing makes its form 990 and form 1023 available to the public upon request.”

“The 990 is available for public viewing, the financial statements, governing documents, and conflict of interest policy are available to the general public upon request.”

“Other fees: program service expenses 17,880. Management and general expenses 17,341. Fundraising expenses 0. Total expenses 35,221.”

“The organization's board of directors assumes responsibility for oversight of the audit. The process is consistent with prior years and has not changed.”