Affordable Housing Connections

“Accountant prepares form 990 based on information provided by organization, including financial data from quickbooks, which is provided by the executive director. Executive director reviews form 990 and discusses any reporting issues with accountant. After any resolution of reporting issues, the form 990 is submitted to the board of directors for review, discussion, and approval. Resolution documenting authorization to submit the form 990 is retained as part of the board minutes.”

“Each board member is asked to sign a conflict of interest statement annually. If a conflict of interest is disclosed, the executive director reports it to the executive committee of the board of directors for review and consideration. If a member of the executive committee of the board discloses a conflict of interest, the executive director reports it to the board of directors for review and consideration.”

“Compensation for the executive director is determined by annual review and approval by the ahc executive committee of the board acting as compensation committee. The ahc executive committee evaluates executive director performance against one year and three year strategic plan goals and recommends compensation changes. Job description, goals, performance standards, and evaluation all are written and retained in the personnel file of the executive director. Comparative studies related to like positions are prepared and evaluated by the executive committee and are used as a basis for setting executive director compensation. Executive director compensation is approved by the full board as part of the annual work plan and budget approval process.”

“The governing documents, conflict of interest policy and financial statements of the organization are made available to the public upon request.”