The First Step Home Inc

“A copy of the 990 return is reviewed by the finance committee prior to its filing. The finance committee then provides a review to the full board.”

“1. A member of the board of trustees of first step home, inc. Shall disclose to the board at a regularly scheduled meeting the existence and nature of any financial interest he or she has in any proposed transaction between the first step home and another entity. A financial interest may include an existing or potential ownership or investment interest in the entity or a compensation arrangement with the entity and/or first step home. 2. After disclosure of the interest, the member shall leave the board meeting and the remaining board members shall decide if a conflict of interest exists. The board shall determine whether it can obtain a more advantageous transaction with reasonable efforts from an entity that would not give rise to conflict of interest. If not, the board shall determine by a majority vote of the disinterested members whether the transaction is in first step home's best interests and for its own benefit and whether to enter into the transaction in conformity with such determination. 3. The minutes of the board meeting shall contain the name(s) of the person(s) who disclosed a financial interest, the nature of the financial interest, any action taken to determine whether a conflict of interest in fact existed, the content of the discussion relating to the transaction, including any alternatives, and a record of the votes taken. 4. Each member of the board shall annually sign a statement which affirms that such person has received a copy of the policy, has read and understands the policy, has agreed to comply with the policy and understands that first step home is a charitable organization and thus in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Human resources prepares an annual salary survey compiling comparative data from agencies similar in size to first step home. The board and personnel committee of the board receive this information and use it in its determination of the executive director's compensation and compensation of the other key employees without the presence of those concerned avoiding conflict of interest. This information is kept with the meeting notes. Compensation material is presented to the board and discussions around the compensation of ceos, executive director, and top management officials are performed without the presence of those officials. Meeting notes are taken and recorded with the regular board meeting notes.”

“All governing documents and tax returns are available for public inspection upon request.”

“Clinical fees: program service expenses 216,107. Management and general expenses 224,694. Fundraising expenses 0. Total expenses 440,801. Grant writing services: program service expenses 0. Management and general expenses 0. Fundraising expenses 91,215. Total expenses 91,215. Outpatient services: program service expenses 25,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,900. Professional services: program service expenses 72. Management and general expenses 0. Fundraising expenses 36,367. Total expenses 36,439.”

“Bad debt expense -80,937.”

“The finance committee assumes responsibility for the oversight of the audit. There have been no changes to the finance committee.”