Cumberland Valley Habitat for Human

“Decisions of the board of directors are made to affect the advancement of the mission of the organization. Some decisions, such as election of board members, requires a ratification vote of the members at the annual meeting.”

“The organization engages certified public accountants to review their financial records and prepare the irs 990 return. The board reviews the tax return, at a regularly scheduled board meeting, prior to the electronic submission to the irs.”

“The organization has a conflict of interest policy in place and regularly reviews any potential conflicts of interest. Board members are required to abstain from voting on any matter that might construe a potential conflict. The adaptation of an annual review and signature by board members is completed during the annual board meeting at end of the fiscal year. These documents are discussed and signed by board members and retained with board minutes.”

“The executive director is a full time salary employee for the organization. The duties of the executive director include carrying out the decisions of the board of directors. The executive director performance is reviewed at least annually in a regularly scheduled board meeting. Any changes in compensation are voted upon and documented in the minutes prior to implementation.”

“The accountant is a part time salary employee for the organization. The duties of the accountant include recording the activities of revenue and expense generated by the organization. The performance of the accountant is reviewed at least annually in a regularly scheduled board meeting. Any changes in compensation are voted upon and documented in the minutes prior to implementation.”

“Documents such as the board meeting minutes, annual tax return and other governing documents are available at the organization headquarters upon request to the executive director.”

“Increase/(Decrease) in market value of investments”