Asheville Area Habitat for Humanity Inc

“Form 990 is reviewed by the executive director, the executive committee, and the finance committee which are standing committees of the board of directors. After committee review, a copy of the return is sent to members of the board of directors for their review before filing.”

“Each year when the financial audit is conducted, the finance director inquires of all officers, directors, and key employees whether any conflicts of interest have occurred. Additionally, vendor and donor lists are reviewed to ascertain whether unreported conflicts of interest may exist. Potential conflicts are examined to determine whether these violate the organization's policy.”

“The organization has a compensation plan which establishes pay ranges for various classes of employees. Annually, compensation for all employees is reviewed by the executive managment team. Raises are generally awarded based on cost of living, but department heads are allowed to spread raises through their departments based on merit, within strict limits. The compensation of the executive director is benchmarked against habitat international compensation surveys and is included in the compensation plan and the annual review. All wage and salary increases are presented in total to the board of directors for approval along with the annual budget. Periodically, the compensation plan is tested against information from a regional service bureau to ensure that wages and salaries are reasonable to the western north carolina region. A report of this test is reviewed by the human resources subcommittee of the board of directors and was last made during the fiscal year ending june 30, 2024. The human resources committee will be evaluating the compensation plan periodically to ensure the wages and salaries are reasonable to the western north carolina region, and to habitat international and other metrics.”

“The organization will provide, upon written request, copies of its governing documents and policies to any person who requests them. Copies of financial statements and form 990 are kept in the office of the finance director, and are available for examination by any person who wishes to do so. Copies may be obtained through a written request. In addition, the audited financial statements and form 990 are available on the organization at www.ashevillehabitat.org and at www.guidestar.org.”

“ROUNDING 1.”

“No changes from prior year.”