Healing Transitions Inc

“Form 990 is reviewed by the business operations manager and the board treasurer and compared to audited financials. Once their review is completed the form 990 is sent out to all board members for their review, comments, and questions. Any questions are addressed by the business operations manager and/or board treasurer with the assistance of the outside accounting firm, if warranted. Once the board review has been completed the board officially approves the form 990 by vote.”

“Enforcement of conflicts policy - the organization has written a conflict of interest policy in place for the board of directors, officers and employees. Board of directors, officers and employees are to avoid as well as report any conflict of interest, potential conflict of interests, or the appearance of a conflict of interest. The policy is updated and approved by the board of directors.”

“Compensation process for top official - the organization uses comparability data such as the current market value, experience level and salaries paid at similar organizations to determine compensation of the executive director. These decisions are reviewed and approved by independent persons.”

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

“Form 990 is being amended to reflect changes made to 990 to tie to financial statement audit which was completed after initial 990 filing for the 2024 year. Form 990, page 1, heading line g gross receipts changed to $ 9,890,078 form 990, page 1, part i summary: line 8 current year contributions and grants changed to $ 8,252,951 line 9 current year program service revenue changed to $ 792,705 line 10 current year investment income changed to $ 273,666 line 11 current year other revenue changed to $ 496,955 line 12 current year total revenue changed to $ 9,816,277 line 15 current year salaries changed to $4,278,149 line 17 current year other expenses changed to $ 3,640,323 line 18 total current year expenses changed to $ 8,179,016 line 19 current year revenue less expenses changed to $ 1,637,261 line 20 current year total assets changed to $ 39,262,508 line 21 current year total liabilities changed to $ 1,435,779 line 22 current year net assets changed to $ 37,826,729 form 990, page 2, part iii: line 4a expenses changed to $ 3,447,676 line 4a revenues changed to $ 914,924 line 4e total program expenses changed to $ 6,418,301 form 990, page 3, part iv line 11d changed to "no" line 11e changed to "yes" line 11f changed to "no" form 990, page 6, part vii: line 20 name changed to organization" form 990, page 9, part viii: line 1e government grants changed to $ 4,345,324 line 1f all other contributions changed to $ 3,907,627 line 1g non-cash contributions changed to $ 774,590 line 1h total changed to $ 8,252,951 line 2a (a) and (b) contracted bed revenue changed to $ 559,618 line 2b (a) and (b) food stamp revenue changed to $ 215,602 line 2g (a) total changed to $ 792,705 line 3 (a) and (d) investment income changed to $273,666 line 8b direct expenses changed to $73,801 line 8c (a) and (d) net income from fundraising changed to $38,294 line 10b cost of goods sold changed to $0 line 10c (a) and (d) net income from sales of inventory changed to $336,442 line 11a (a) and (b) miscellaneous income changed to $122,219 line 11a (d) miscellaneous income changed to $0 line 11e total changed to $ 122,219 line 12 (a) total revenue changed to $ 9,816,277 line 12 (b) total related revenue changed to $ 914,924 line 12 (a) total excluded revenue changed to $ 648,402 form 990, page 10, part ix, functional expenses: line 6(a) total compensation of officers changed to $102,701 line 6(b) total program compensation of officers changed to $80,580 line 6(c) total admin compensation of officers changed to $15,731 line 6(d) total fundraising compensation of officers changed to $6,390 line 7(a) total other salaries changed to $3,342,9110 line 7(b) total program other salaries changed to $2,622,862 line 7(c) total admin other salaries changed to $512,032 line 7(d) total fundraising other salaries changed to $208,016 line 8(a) total pension expense changed to $36,039 line 8(b) total program pension expense changed to $28,276 line 8(c) total admin pension expense changed to $5,520 line 8(d) total fundraising pension expense changed to $2,243 line 9(b) total program other employee benefits changed to $415,252 line 9(c) total admin other employee benefits changed to $81,065, line 9(d) total fundraising other employee benefits changed to $ 32,933 line 10(a) total payroll taxes changed to $ 267,249 line 10(b) total program payroll taxes changed to $209,685 line 10(c) total admin payroll taxes changed to $40,934 line 10(d) total fundraising payroll taxes changed to $16,630 line 11g(a) total other fees for services changed to $ 312,197 line 11g(b) total program other fees for services changed to $218,738 line 11g(c) total admin other fees for services changed to $93,459 line 12(a) total advertising expense changed to $ 180,538 line 12(b) total program advertising expense changed to $30 line 12(c) total admin advertising expense changed to $7,837 line 12(d) total fundraising advertising expense changed to $172,671 line 13(a) total office expense changed to $65,930 lin”

“Form 990, schedule d, part vi land buildings and equipment line 1a (b) cost land changed to $359,490 line 1a (d) book value land changed to $359,490 line 1c (c) accumulated depreciation leasehold improvements changed to $79,231 line 1c (d) book value leasehold improvements changed to $19,339 line 1e (b) cost other changed to $ 17,379,708 line 1e (c) accumulated depreciation other changed to $155,384 line 1e (d) book value other changed to $17,224,324 total (d) changed to $21,392,305 form 990, schedule d, part ix other assets total less than 5% of total assets detail not required line (1)a and b construction in progress removed and moved to fixed assets line (2)a and b removed form 990, schedule d, part x other liabilities detail added line 1 (2)a and b added operating lease liability book value - $305,207 line 2 unchecked form 990, schedule d, part xiii removed wording regarding uncertain tax positions since that wording was not included in the audited financial statements. Form 990, schedule m, part i line 19 (c) food inventory contribution amount changed to $769,590”

“The shelter services on the men's campus was paused due to lack of funding from city and county sources.”

“BAD DEBT -15,000.”

“The director of finance and treasurer (finance committee) are responsible for review of the annual audit, review of the form 990 and provide direction regarding the retnetion /engagement of an audit firm for accounting services and audited financial statements. The return is then sent to the full board for approval. This has not changed from the prior year.”