National Community Reinvestment

“All committee members are board members.”

“Ncrc is a member corporation. Any national, regional and local not-for-profit organization which subscribes to ncrc's purpose shall be considered eligible for membership ncrc. Each member in good standing shall have one vote to exercise in conducting the business of ncrc.”

“An annual meeting of members of ncrc is held for the election of directors, and transactions of other businesses. Board of directors are elected by a majority vote of members who are in good standing at the annual meeting of the membership of ncrc. A minimum of one-third of the total number of elected directors shall be representatives of regional, national or local organizations.”

“The chairperson with the express approval of the board, may establish committees on standing or an ad hoc basis. The executive committee has all the rights, powers and authority of the board of director; however, any action by the executive committee must be reported to and approved by the board of directors.”

“Committees do not have authority to act on behalf of the board. Committee recommendations are voted on by the whole governing body.”

“The return is prepared by an outside accounting firm. A final draft of the form 990 is provided to all members of the board. Board members are given a period of time to review the form 990 and respond with any questions as needed. Once the review is completed, the return is filed electronically with the irs.”

“Duty to disclose upon the first knowledge by an interested person that the corporation, the board or a committee thereof is considering or has considered a transaction or arrangement with an entity or individual with which the interested person has an interest, the interested person must disclose the existence and nature of his or her interest to the ceo. Procedures for addressing the conflict after disclosure of the interest, the interested person may not participate in consideration of the proposed transaction or arrangement, shall not vote on such transaction or arrangement, and shall not be present for the consideration of or vote on such transaction unless the board requests information or interpretation from the interested person. The board shall then determine (or refer to: a) the chairman of the board of directors; or b) the board, for a determination of whether the transaction or arrangement is in the corporation's best interests and is fair and reasonable to the corporation and shall make a decision whether to enter into the transaction or arrangement in accordance with such determination. Such determination shall be made by a vote sufficient for such purpose without counting the vote of any interested person. In determining whether the transaction or arrangement is in the corporation's best interests, there shall be a review of available information regarding the cost or benefit of comparable transactions or arrangements, if any (and may investigate whether the corporation should and is able to obtain with reasonable efforts a more advantageous transaction or arrangement that would not give rise to an interest.) a disinterested person or committee may be appointed to investigate alternatives to the proposed transaction or arrangement. Interested directors may be counted in determining the presence of a quorum at a meeting, which authorizes such a transaction or arrangement.”

“All matters affecting the employment of the president and ceo are determined by the ncrc board of directors under the leadership of the chair of the board who directly oversees their work and through the ncrc board of directors governance committee. Their salaries are reviewed by the board of directors based upon the use of survey data from non-profit organizations of similar size and scope. A human resources consulting company with expertise in compensation studies is engaged as appropriate. The process described here was last completed in 2022”

“The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request. Financial report is included in the annual impact report ( https://ncrc.org/impact/).”

“Speaker fees: program service expenses 1,050,949. Management and general expenses 328,204. Fundraising expenses 10,823. Total expenses 1,389,976.”

“Unrealized gain on interest rate swap 9,093,883. Loss on affiliate -339,875.”