Lsa Recovery Inc

“The 990 is drafted and reviewed by management, compared to the audited financial statements and consolidated fiscal report, and distributed to the board members to review and question if necessary.”

“ANNUALLY DIRECTORS REVIEW VENDORS AND DISCUSS ANY RELATIONSHIPS. WAGE INCREASES FOR ALL RELATED EMPLOYEES ARE DISCLOSED AND INDEPENDENTLY REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 14: The Organization and its affiliates recognize the importance of Good Governance, and a Written Document Retention & Destruction Policy has been drafted and is being reviewed by legal council for Interborough Developmental & Consultation Center, INC.”

“The compensation is determined by interborough development and consultation center, inc. Using the following methods: the compensation committee, comprised of members of the board of directors, contracts an independent compensation consultant who gathers operational & financial data of the organization, and compares it to that of similar organizations to benchmark appropriate levels of executive and management compensation. The results of these studies are presented to the committee which reviews and discusses related salary recommendations with board counsel and prepares appropriate recommendations to the board for final discussion and approval. Contemporaneous minutes are taken of all meetings of the committee and board of directors, including detailed results and explanations of the agreed upon compensation of the executive director, officers, and highly compensated staff.”

“The organization makes its governing documents available to the general public upon request. The audited financial statements are also available to the general public upon request.”

“Amounts were internally allocated to related organizations interborough developmental and consultation center, inc. ("idcc") (ein: 23-7358415) and s.l.a. Associates, llc (ein: 47-4039553) based upon estimated hours in which those individuals worked for the related organizations. Compensation is paid by idcc as common paymaster. No w-2 was issued by the reporting organization.”

“Lsa recovery, inc. Ceased conducting all programs pursuant to the plan of merger. See schedule o response to form 990, header, item b, final return/terminated. Form 990, header, item b, final return/terminated: pursuant to a resolution of board of directors of lsa recovery, inc. Dated october 5, 2020, a merger of lsa recovery, inc. Into interborough developmental and consultation center, inc. (tax exempt under internal revenue code section 501(c)(3); ein 23-7358415) was approved. The plan of merger was approved by the attorney general of the state of new york on december 24, 2020. The merger occurred on january 7, 2021. Form 990, part vi, section a, line 2: stephen gersten, chief executive officer, and abram gersten, chief operating officer, have a family relationship. Form 990, part vi, section a, line 8b: there are no committees with authority to act on behalf of the governing body. Form 990, part vi, section a, line 9: augusta wilson 788 east 37th street brooklyn, ny 11210 mark a. Feldman esq. 1717 east 18th street brooklyn, ny 11229 phyllys g. Pariser 860 east broadway long beach, ny 11561 luisa jimenez 1690 nostrand avenue brooklyn, ny 11226 sandra chatelain one harbourside drive delray beach, fl 33483 one harbourside drive delray beach, fl 33483”

“Net asset transfer at january 7, 2021 pursuant to merger. See schedulo o response to form 990, header, item b, final return/terminated --------- $<609,996>.”