Theresa Living Center

“The governance committee has the authority to act on behalf of the governing body.”

“The 990 is completed jointly by the executive director and financial auditors for operational and financial integrity. The information is then presented and reviewed by the finance committee of the board for approval.”

“Duty to disclose in connection with any actual or potential conflict of interest, an employee or board member must disclose the existence of the financial or personal interest that he or she may have. The board member must be given an opportunity to disclose all material facts to the organization or the board. Determining whether a conflict of interest exists -- after disclosure of the financial interest and/or all material facts, the interested employee or board member shall leave the board meeting/ exclude themselves from the conversation while the determination of a conflict- of- interest is discussed and voted on. The remaining board members/ executive director shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest if the board/executive director determines that there is a conflict of interest or the appearance of impropriety, the interested board member/employee shall take no part in the discussion of and decision regarding the business in which the interested board member/employee has a conflict. Violation of the conflict-of-interest policy if the board/executive director has reasonable cause to believe a board member/employee has failed to disclose an actual or potential conflict of interest, it shall inform the interested board member/employee of the basis for such belief and give the member/employee an opportunity to explain the alleged failure to disclose. After giving the board member/employee an opportunity to explain, the remaining board members/executive director may conduct an investigation if warranted by the circumstances. The remaining board members/executive director will then determine whether the board member/employee has failed to disclose an actual or potential conflict of interest and shall take appropriate action.”

“Top official for theresa living center receives an annual review from the board of directors based on anniversary date. The board establishes goals for the executive director, then annually measures the director to the goals.”

“Key employees are compensated based on evaluation of the employees annual performance and directives established by the executive director. Compensation is based on funding and the financial ability of theresa living center. Salary guidelines are established based on our organizations size and position as established by the minnesota non-profits salary and benefits survey; salary increases are derived from the survey standards and the financial condition of theresa living center.”

“Governing documents, financial statements, conflict of interest policy, and whistle blower policy is available to the public upon request.”

“"theresa living centers mission is to provide transitional housing in a residential setting for single women and rapid re-housing opportunities single-parent families who are striving to reclaim self-dignity and economic independence following a period of homelessness. Theresa living center provides financial housing support and basic-needs support services to assist our clients in their quest to achieve self-sufficiency. We believe that families and individuals experiencing homelessness have the strength to make positive life changes to become self-sufficient. The goals of our 2022-2025 strategic plan theresa living center provides quality services to women and single parent families who are homeless. Goal a: theresa living center will prepare and implement new programming for our residential participants revolving around heath, education/career, life skills and financegoal b: theresa living center collaborates with community resources and partnerships to maximize services and accountability. Goal c: theresa living center employs a highly motivated and trained staff to provide quality services. Goal d: theresa living center will increase financial contributions in order to provide and enhance services for women and single parent families who are homeless. E: theresa living center is governed by a committed board of directors who provides direction and leadership in fulfilling the mission and vision of the organization."”