LIL Jackson Senior Community

“The organization is managed by southern california presbyterian homes. Southern california presbyterian homes has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development. Under this certification, hud has approved southern california presbyterian homes to manage the organization. The management contract encompasses the day to day operations of the project, including, but not limited to the collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

“Form 990 preparation and review process: this return is prepared by an outside accounting firm. The controller and cfo of the management company review and approve the return for filing. In addition, the form 990 is furnished to the board of directors prior to filing.”

“Every year organization directors and officers are asked to complete a conflict of interest disclosure along with a statement of commitment. In connection with any actual or possible conflict of interest, directors and officers must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. If the board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The organization does not directly pay these individuals; however, as compensation is part of the management fees, the organization is able to rely on the reasonableness due to Southern California Presbyterian Homes' policy below: Compensation of the President and Chief Financial Officer of Southern California Presbyterian Homes is reviewed annually for market competitiveness and intermediate sanctions compliance by a compensation committee of the HumanGood board. Compensation of other officers and key employees is reviewed by the CEO with disclosure to the compensation committee. The HumanGood board members and CEO are independent with respect to the individuals whose compensation is being reviewed. The board and President rely upon wage and salary studies and/or regular review by a compensation consultant to provide comparable salary data for their consideration. Decisions regarding compensation are documented on a contemporaneous basis.”

“The organization makes its financial statements available to the public in several ways. They are available in our annual filing of form 990 which the public can access through the internet at such sites as guidestar.org and foundation center (http://tfcny.fdncenter.org/990s/990search/esearch.php). These documents are also available upon request at the organization's place of business.”

“The board of directors has delegated an audit committee to the oversight and review of the audited financial statements and makes recommendations to all the voting members of the board. During fiscal year 2016-2017, there were no changes by the audit committee in their process of reviewing the audited financial statements or their selection of the independent auditors.”