Opportunity House

“Before it is filed with the irs, the executive director meets with the finance committee of the board of directors to review the organization's form 990.”

“Members of the board, staff, vendors, and volunteers are required to disclose any personal, family, or business interests that could influence their judgement and/or decisions. Conflicts of interest in a transaction or decision shall be disclosed in the course of meetings. Once disclosed, the person with the conflict is asked to leave the room for discussion and will not be permitted to vote on the question.”

“The compensation of the executive director of opportunity house is established by utilizing the following process: first, an annual evaluation of the executive director is performed. The evaluation process is commenced by seeking a formal evaluation of the executive director from each board member. The evaluations are then collected, collated, and analyzed by the human resources committee. This process involves a compilation of the objective and subjective evaluation data. Also, a discussion occurs regarding the results of the compiled data and its application to the executive director. The human resources committee chair then presents the final compiled information and analysis to the board in summary form. At this time, the chair recommends an annual salary adjustment as well as a bonus, if any. The salary figure may be impacted by any prior directive of the board regarding ranges, limits, or other guidelines for establishing the executive director's annual compensation. The bonus is determined based on the executive director's performance in meeting established goals and fulfilling the agency's mission. The bonus will be a percentage of the executive director's annual salary, or a lump sum. The bonus does not reflect any percentage of opportunity house's revenue or income. Lastly, the human resources committee presents its recommendation for a salary adjustment and bonus to the board of directors for approval. Once approved by the board, the chairman meets with the executive director to complete the review process.”

“Opportunity house's form 1023 and form 990 are made available to the public upon request. Only the form 990 is available on the opportunity house's website.”

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

“Opportunity house does not have a written document retention and destruction policy. However, the organization follows the policy of the u.s. Department of housing and urban development (hud).”

“The organization did not have any instances where backup withholding was required; however, if the situation would arise, the organization is aware of the reporting requirements and would handle that accordingly.”

“Change in value of beneficial interest in trust 417.”

“The finance committee of the board of directors oversees the audit of the organization's financial statements and makes recommendations to the board as a whole for selection of an independent accountant. This process has not changed from the prior year.”