Yakubian Homes Inc

“All administrative and financial functions of the organization during the period covered by this return were provided by wellspring resources, a related organization. The organization pays a management fee for these services. During the fiscal year beginning july 1, 2016, these services will be provided by centerstone of illinois, a related organization and as such has been listed on schedule r.”

“Copies of the form 990 are provided to board members for review and approval prior to submission.”

“A form as well as a list of current vendors is given to each board member on an annual basis in june to disclose any potential conflicts of interest. They are kept on file. If during subsequent board meetings a discussion occurs where a conflict of interest is identified, the board member must excuse themselves and leave the board room while the discussion and/or decision is made.”

“Employees were employed through wellspring resources, a related entity, for the period covered by this return. Wellspring resources has policies in place for determining compensation. Wellspring resources contracted with an outside entity to establish a salary schedule based on skills, competence, responsibilities and industry norms. Each year, jobs are reviewed to determine if any changes are needed as to how positions are classified. As part of this review, comparable industry salary data is reviewed. For ceo and top management, proposed changes are reviewed with the personnel committee of the board of directors. The finance committee reviews all proposed salary increases for all employees and recommends annual increases each year. The full board of directors approves the changes as part of the annual budget approval process. This data is reviewed by the executive committee of the board of directors and the full board of directors approves all salary increases for the ceo. The officers of the organization are volunteer members of the board of directors and do not receive compensation. All salary changes are recorded on a salary order form which includes the rationale for the increase and a signature of the ceo for employees and the board president for the ceo. During the fiscal year beginning july 1, 2016, these services will be provided by centerstone of illinois, a related organization and as such has been listed on schedule r.”

“All governing documents, policies and financial statements are made available for review upon request.”