Raquans Haven Inc.

“A member of the governing board has a familial relationship with the President. No board members received compensation, and the organization had no paid staff during 2024. As part of its future development plans, the organization intends to recruit additional independent board members to strengthen governance beginning in 2025-2026.”

“The Form 990 was prepared based on the organizations financial records and reviewed by the governing body.”

“The organization maintains a conflict of interest policy that is reviewed with board members. Board members are expected to disclose any actual or potential conflicts of interest as they arise. Any disclosed conflicts are reviewed by the board, and the interested individual is recused from discussions and decisions as appropriate. The organization monitors compliance through ongoing communication and oversight by the board.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Requests may be submitted to the organization, and copies are provided in a timely manner.”

“During the year, the organization made significant capital investments in housing, including the purchase of an affordable housing unit and continued development of a transitional housing property. These costs were capitalized and are reflected on the organizations balance sheet rather than as current year expenses. The organization received funding in a prior year in the form of a forgivable loan. A portion of this funding is recognized annually as income in accordance with the terms of the agreement. During 2024, $49,289.84 was recognized as grant income.”

“This return has been amended to correct prior year ending balances and related balance sheet items to ensure accurate reporting. No other material changes have been made.”