Habitat for Humanity of Wake County Inc

“The board of directors shall determine the salary and total compensation package provided to the executive director/ceo on an annual basis and, in doing so, the board shall consider the recommendation of the executive committee. Total compensation includes salary, benefits, and bonuses paid by the organization. The executive committee and board shall consider the following in determining the ceo compensation: (1) the mission of the organization, its responsibilities on behalf of its partners, and the role of the ceo in carrying out the mission and those responsibilities, (2) comparability of compensation received by ceos of similar sized non-profit organizations, (3) performance goals for the ceo set by the board overall for any particular year, (4) benefit packages available to staff via the organization's personnel policies, (5) the capacity of the organization's budget and expected revenues to support a particular compensation level, (6) any salary or compensation scale the organization's board may establish and; (7) comparison to other non-profit organizations through market surveys. Prior to the board meeting at which the annual budget for each fiscal year is approved, the executive committee shall devote a portion of its meetings to developing a recommended total compensation figure or level for the ceo. The committee shall consider the factors outlined in the above in making its recommendation. The ceo and other staff may assist in gathering information related to this process. Deliberations of the executive committee shall be recorded as written minutes. In addition to the compensation factors described in the philosophy above, the recommendation for any particular year shall take into account cost-of-living and the financial condition of the organization. In general, total compensation shall not exceed that indicated by responsibility, performance, comparability standards, and cost-of-living but it may be less than would otherwise be indicated because of the financial condition of the organization and its budget. The executive committee shall provide its recommendation of ceo compensation to the organization's treasurer in sufficient time for it to be included in the development of the annual budget. It shall also provide its recommendation to the board prior to the meeting at which the annual budget for the fiscal year is approved. Prior to or during the meeting at which the budget for the fiscal year is approved, the board shall make its final determination of the total compensation of the ceo for that particular fiscal year based on all the considerations described in this policy. That determination shall be included in the final budget for that particular fiscal year and in irs form 990, audits, and other public documents. The staff salaries are determined by gathering market rates for each position from two or three independent sources. The goal is to have staff salaries be within 80-120% of market depending on experience. Adjustments to market are made annually at the same time that merit increases are evaluated. Each staff member receives an annual evaluation from their supervisor and merit recommendations are made and reconciled to the annual budget for the organization.”

“Initially, the finance committee reviews the draft of the form 990. Upon approval by the committee, the final 990 is then distributed to the entire board of directors for their review and approval prior to filing.”

“It is the policy of habitat for humanity of wake county (habitat) that each board and staff member engage in habitat activities in such a manner that brings the greatest benefit to the organization. No board members, board committee members, or staff members shall engage in any habitat activities that will directly or indirectly materially benefit themselves, their family interests, or business interests. Board and staff members shall avoid conflicts of interest and any conduct which may suggest the appearance of conflicts or impropriety while exercising habitat responsibilities. Each director, staff member, or member of a committee with governing board will annually sign the conflict of interest policy affirming that they (1) have received a copy of the policy, (2) have read and understand the policy, (3) have agreed to comply with the policy, and (4) understand that habitat is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes. In the event that a conflict of interest, or the appearance of such arises during the year, such occurrence shall be described in writing to the executive director and the president of the board of directors by any person who has knowledge of such. After all disclosure of the financial interest and all material facts, and after discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. If a conflict does exist, such board member shall recuse himself/herself from all discussions and vote.”

“All governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Habitat wake is an affordable housing organization that seeks to find equitable housing solutions alongside the community. This is accomplished primarily by providing homeownership opportunities for families making up to 120% of the area median income. The organization also preserves existing affordable homes and advocates for policy change that will increase access to housing for everyone. This work is made possible by financial contributions from corporations, faith organizations, and individuals. Homes are built using volunteer labor, and qualified homebuyers then purchase habitat wake homes with an affordable mortgage, which is re-invested into the mission.”

“(Expenses $ 244,273 including grants of $ 0)(Revenue $ 839,787) VOLUNTEER SERVICES - THIS PROGRAM RECRUITS AND TRAINS VOLUNTEERS TO ASSIST WITH THE CONSTRUCTION OF AFFORDABLE HOMES, THE RUNNING OF THE RESTORES, AND THE SUPPORT OF GENERAL PROGRAMMATIC NEEDS. ADVOCACY - THE HABITAT WAKE ADVOCACY PROGRAM WORKS TO SUPPORT HOUSING AFFORDABILITY FOR ALL BUT ADVOCATING FOR POLICY THAT INCREASES ACCESS TO AFFORDABLE HOUSING FOR EVERYONE IN OUR COMMUNITY. ADVOCACY ALSO SUPPORTS KEY ASPECTS OF HABITAT WAKES'S OPERATIONS BY INCREASING STATE AND FEDERAL FUNDING SOURCES, MOBILIZING IN SUPPORT OF LOCAL REZONING CASES, BRINGING AWARENESS TO THE MISSION, AND MORE.”