Anchor Housing Corporation

“Members there is one class of membership which consists of the archbishop of the archdiocese of washington, one or more vicars general of the archdiocese of washington as designated by the archbishop, the chancellor of the archdiocese of washington, and the appropriate archdiocesan secretary of the archdiocese of washington as designated by the archbishop, and their successors in office, each as selected or appointed according to the discipline of the roman catholic church.”

“Power to elect members of the governing body each member shall have the right to elect and remove members of the board of directors and the filling of vacancies that may occur.”

“Governance decisions reserved to members the members reserve unto themselves ultimate authority to authorize: a) the approval of borrowing money for capital expenditures b) the purchase, sale, lease disposition, or hypothecation of real property c) the appointment of fiscal auditors d) the appointment and/or termination of the president/ceo e) the approval of any budget which reflects an operating deficit f) the amendment of articles of incorporation and the adoption of bylaws, with the sole right to alter, change, or amend such bylaws; and g) the merging, liquidation, winding up, or abandonment of any entity”

“Form 990 review process "bdo usa" an independent public accounting firm, prepares and detail reviews form 990. After internal management's review, the board of directors' finance, audit and compliance committee conducts a detail review. This review takes place before the form 990 is filed.”

“Monitoring and enforcement of conflict of interest policy the policy calls for the board and management to complete a conflict of interest form annually. The board of directors, through the executive committee, reviews any conflict of interest that is identified. The full board of directors will determine restrictions imposed on an identified conflict.”

“This organization does not compensate its president/ceo the compensation process performed by a related organization, catholic charities of the archdiocese of washington, is as follows: james j. Malloy is paid at the market rate consistent with ceo's of similar non-profit social services agencies. The board established his initial compensation based on a national search for a ceo and the recommendations of the consultants engaged to assist in the recruitment and hiring of a ceo. Any changes to ceo compensation, other than a cost-of-living adjustment at the same rate as most of the emploees of the agency, would be reviewed and approved by the board.”

“The organizations makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Net asset transfers from related entities: $3,258”