House of Mercy Inc

“The sisters of mercy south central is the sole member of house of mercy, inc.”

“The members of the corporation shall be the individual who is from time to time the president of the sisters of mercy of the americas south central community, inc., and those persons who from time to time are the members of the south central community leadership team. (bylaws of house of mercy, inc.) the members approve and appoint the directors of the corporation.”

“The members have reserved powers requiring their approval of: the organization's mission, bylaws, articles of incorporation, appointment and removal of directors, appointment and removal of the ceo, mergers, corporate liquidation, alienation of significant corporate assets, sale of significant assets, budget approval and approval of financial transactions over a certain threshold, approval of bankruptcy, legal actions, and other items that may be required by civil or canon law.”

“A copy of the draft form 990 is distributed to the board of directors for their review prior to filing. Board members can provide comments and suggest changes to the form 990. The finance committee then makes the final approval of the form 990 prior to its submission to the irs.”

“Each member is under an obligation to the house of mercy to inform the chairman of the board and/or president/ceo of any position he/she holds or of any business or a vocational activity which may result in a possible conflict of interest or bias for or against a particular grantee, action, or policy, at the time such grant, action, or policy is under consideration by the board or any volunteer committee of house of mercy. Any duality or possible conflict of interest on the part of any member shall be disclosed as soon as the issue in question is raised and a possible conflict is known. When the board, committee, or staff is to decide upon an issue about which a member has an unavoidable conflict of interest, that member shall physically absent himself/herself without comment from not only the vote, but also from the deliberation. Disclosure and abstention shall be recorded in the minutes of the meeting(s) at which the issue is discussed and decided.”

“The human resources committee reviews market information for comparable positions to determine a competitive salary range, and they review the goals from the previous fiscal year to determine a merit increase in salary. Market information will include salary information from outside sources such as charlotte/mecklenburg employers association, caromont health, home care and hospice survey data, and other sources as available, including other catholic sponsored ministries. The human resources committee makes recommendations to the board on any changes to the salary structure due to information collected from outside sources as well as any merit increase for executive director based on performance. Modifications to the executive director's salary is voted upon in executive session of the board of directors, with expectation of adoption as of january 1st.”

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

“Stan patterson is compensated for his services as the president/ceo of house of mercy. Stan's total compensation, including employee benefits, of $162,462 consists of $54,500 that is paid by catherine's house directly to house of mercy. Because stan also serves as president/ceo of catherine's house, catherine's house reimburses house of mercy for stan's services to their organization.”