Heritage Homes Inc

“After the finance director's detailed review of form 990 and all accompanying schedules, the finance committee receives the form 990. The finance committee is charged with the responsibility to review the form 990 in detail. After this review, board members are provided with a copy for review prior to filing with the irs.”

“The conflict of interest policy covers all employees, officers, board members, and agents. Management reviews the policy with new staff and board members. The policy is discussed in meetings throughout the year, and on-going compliance is stressed. Board members, officers and key employees are required to re-read the policy annually and disclose in writing interests that could give rise to conflicts. This policy applies to the organization's disregarded entity. Real and potential conflicts of interest are to be discussed with program supervisors, the executive director (ed), and/or the executive committee. Potential or perceived conflicts must be reviewed with the executive director or executive committee for determination. Participation in various decisions is prohibited with conflicts.”

“Compensation is determined by review of comparable data from similar organizations, using local nonprofit surveys, mighigan nonprofit association surveys and/or the nonprofit times surveys, 990s, and temporary staffing agency info. Comparability data is reviewed by the executive committee of the board of directors. The board of directors approves compensation for the executive director (ed). The ed's compensation was reviewed and revised in october 2021. The executive director determines all other compensation, with board approval, as needed, for new hires of top management. This policy applies to the organization's disregarded entity. Compensation for all management and administrative staff is determined by review of comparable data from similar organizations, using the sources previously indicated. Comparability of data is reviewed by the executive committee of the board of directors, as appropriate. The executive director determines compensation for new hires of key management, with executive committee approval, as needed. The executive director approves increases for key management. This policy applies to the organization's disregarded entity. The compensation for the finance director (officer for 990 purposes) was last reviewed in september of 2024.”

“Governing documents, policies, and financial statements are all available for inspection at the administrative office, upon request.”

“The whistleblower policy applies to the organization's disregarded entity.”

“The document retention and destruction policy applies to the organization's disregarded entity.”

“Imputed interest income -4,262. Unrelated business income from related entity -12,245. Net related business loss from related entity 77,109.”

“Board approves the audit. There has not been any changes in the approval process from the prior year.”