Religious Coalition for Community Renewal Inc.

“The corporation has three classes of members: a. Congregational members (non-voting) - any religious faith community that supports the purposes of the corporation as set forth in its articles of incorporation, and pays annual dues by thirty business days prior to the annual meeting of the directors. B board of directors (voting) - consist of fifteen (15) members elected by the current directors. At least one-third of the directors shall be either residents of low-income neighborhoods, persons of low income, or elected representatives of low-income neighborhood organizations as defined by the west virginia housing development fund. No more than one-third of the directors may consist of representatives of the public sector, which includes elected officials, appointed public officials and public employees or anyone appointed by a public official. C. Associate board members (non-voting) - up to nine (9) individuals appointed by the directors to act in an advisory capacity.”

“The board of directors are elected annually by the current board of directors. Directors serve three year terms and cannot serve more than two consecutive terms without at least a one year hiatus from board membership.”

“Form 990 is reviewed for completeness and accuracy by the executive director and the treasurer (as the board representative) prior to filing. The treasurer informs the board at its next meeting that the return has been filed, a public inspection copy has been made available in the organization's main office, and a complete copy will be provided to any board member upon request. The treasurer will also typically make a copy of the return available for review at this meeting and discuss with the board any significant changes or observations that come from the return preparation engagement.”

“Annually, each employee is given a copy of the organization's policy regarding conflicts of interest, which is reviewed and discussed with the employees at a regular staff meeting. Also annually, the board of directors and associate board members are asked to attest in writing that he or she is in compliance with the policy and/ or make written disclosures of financial activities that might present a conflict of interest. The organization's executive director approves all expenditures and monitors any area of potential conflict in financial interests. Additionally, the treasurer reviews the organization's financial statements each month and includes in his report to the full board any items that may suggest the need for further inquiry or monitoring”

“Compensation for the executive director is reviewed annually by the board of directors. The board seeks such input as is necessary to reach an informed decision regarding the appropriate salary and benefits.”

“Employee compensation is reviewed annually by the executive director. Any modifications in compensation or benefits is approved by the board of directors as part of the annual budget process.”

“The organization's governing documents and form 990 are available for inspection in the organization's main office during the normal business hours. Advance notice is requested.”

“Cost to construct homes sold -554,918 cost to construct homes sold 554,918”

“The organization changed its method of accounting for grant revenue received for housing counseling and similar outreach services in the form of forgivable loans in circumstances where the loan forgiveness is substantially certain. Revenue is now recognized when funds are received rather then when the loan is forgiven to better match the revenue with the grant expenditures, resulting in an increasing prior period adjustment to net assets.”