Pcr House Inc

“There are no committees with authority to act on behalf of the governing body.”

“Form 990 is reviewed by the organization's outsourced accountants, as well as the president and treasurer board of directors prior to being filed. The form 990 is also distributed to the board of directors prior to filing.”

“When an actual or potential conflict exists between the interests of pcr house, inc. And an interested party with respect to a specific proposed action or transaction, the interested party shall not participate or be present during the deliberations and decision making of the organization. The interested party may upon request be available to answer questions or provide factual information. An interested party is not included in the vote. The minutes of the meeting shall reflect that the conflict disclosure was made, the vote taken where applicable and the abstention from discussion and voting by the interested party.”

“The organization would consider making the governing documents and financial statements available to the public if requested to do so. However, these documents are typically not made available to the public.”

“CONSULTING 0 12,600 0”

“The organization defines board-designated operating reserves as the portion of "unrestricted net assets" that the board has designated for use in emergencies to sustain financial operations in the event of significant unbudgeted increases in operating expenses and/or losses in operating revenues. The amount of accumulated "unrestricted net assets" is increased or decreased as the result of annual operating surpluses or deficits. The organization pursues financial stability by budgeting for - and then achieving reasonable, modest surpluses year after year to meet their operating reserve objectives. The organization received a special unrestricted donor contribution of 20,000 during fy 2022 to increase the operating reserve, which the board has designated as a contribution to the operating reserve. The balance of board-designated operating reserve held by the organization at 6/30/2023 is calculated as follows: total liabilities and net assets/fund balances 1,592,511 less: restricted fund balances 0 less: equity in fixed assets (1,555,663) unrestricted net assets available for designation 36,848 less: board-designated operating reserve 36,000 undesignated operating funds 848 pcr house calculates its results from operations, less contributions, as follows: program service revenue of 48,864 less expenses of 86,893 - resulting in an operating deficit of (38,029) for fy 2023.”

“The organization prepares its financial statements on a modified cash basis of accounting, which is a comprehensive basis of accounting rather than accounting principles generally accepted in the united states of america. Consequently, certain revenue is recognized when received rather than when earned or promised and expenses are recognized when paid rather than when the obligation is incurred. Assets and liabilities arising from transactions that are also recorded include: (1) amounts receivable from or payables to affiliates, and (2) the cost of property and equipment.”