Threshold Housing Development Inc.

“After the annual audit has been finalized, a preliminary draft of the Form 990 is prepared and provided to the board. The form is then reviewed by the board and the organization's President. Once the board determines that the form is complete and accurate, the form is finalized and signed by the President prior to filing with the Internal Revenue Service.”

“All officers are required to disclose any conflicts of interest on an annual basis.”

“The President's wage is determined by a written contract negotiated with the Compensation Committee who approves it and makes recommendation to the entire Board. These have been five year contracts. Threshold is currently in the third year of five year contract. Yearly, the compensation committee reviews any bonus provisions of the President's contract and determines if he met certain bonus criteria, if so, they make recommendation to the entire Board. Prior to the last contract, the President did provide a salary comparison with similar positions throughout the state. However, this was not required. The President annually reviews the two employees' service and recommends any increase or decrease to their salary. This could be in the form of bonus or merit raises. This recommendation is made to the compensation committee who reviews the info from the President and makes recommendation to entire Board. All salary and bonus decisions are made at the first Board meeting of the new year.”

“The public may request to inspect the organization's governing documents, financial statements and required filings by requesting copies from the organization's main office located at 55 N. Beeson Ave. Uniontown, PA 15401”

“DEVELOPER FEE: Program service expenses 58,016. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,016. CONTRACT SERVICES: Program service expenses 33,053. Management and general expenses 18,113. Fundraising expenses 0. Total expenses 51,166. TAXES: Program service expenses 19,594. Management and general expenses 3,998. Fundraising expenses 0. Total expenses 23,592. REPAIRS & MAINTENANCE: Program service expenses 5,721. Management and general expenses 8,619. Fundraising expenses 0. Total expenses 14,340. INSPECTIONS: Program service expenses 5,972. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,972. PERMITS: Program service expenses 5,904. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,904. RECORDING FEES: Program service expenses 939. Management and general expenses 135. Fundraising expenses 0. Total expenses 1,074. OTHER: Program service expenses 445. Management and general expenses 0. Fundraising expenses 0. Total expenses 445. DUES/FEES: Program service expenses 0. Management and general expenses 175. Fundraising expenses 0. Total expenses 175.”