Neighborhood Concepts Inc.

“A draft form 990 is prepared by neighborhood concepts inc.'s accountants and submitted to the executive director. The executive director and chairman of the board review the draft return and provide the accountant with any changes or corrections. Once a revised draft has been prepared by the accountants, a copy of the revised draft is submitted to the audit committee and full board of directors for their review and comment. The final return is prepared and filed with the irs after the audit committee and full board have completed their review and provided any comments.”

“When a board member's initial term commences or a new staff person is hired, they are provided with a copy of neighborhood concepts inc.'s conflict of interest policy. Each board/staff member is asked to sign their acknowledgement and agreement to the code of ethics at that time. Annually, board members and staff members are required to complete a conflict of interest acknowlegement & disclosure. These annual disclosures are then reviewed, and any relationships, interests, or situations which might result in or give the appearance of being a conflict of interest are brought to the board for discussion.”

“The executive committee of neighborhood concepts meets annually to evaluate the performance of the executive director and to make recommendations regarding compensation. In determining annual compensation adjustments, the executive committee takes into consideration numerous factors including the nature of the executive director position at nci. Due to nci's limited size, the executive director's duties are more comprehensive and include several skill sets such as real estate development and business lending that might not typically be performed by a non-profit's executive director. Nci utilizes salary websites to research typical salaries in such catagories as real estate development director, property acquisition manager, grants/proposal manager and program director. Taking into consideration feedback from similar companies and information from salary websites, a recommendation was made to the full board of directors.”

“A copy of the governing documents, conflict of interest policy, or financial statements are available on the website or upon request for the same period of disclosure as set forth in the irc section 6104(d).”

“Consulting: program service expenses 99,046. Management and general expenses 691. Fundraising expenses 0. Total expenses 99,737.”

“The organization has a committee that assumes responsibility for oversight of the audit of the financial statements and selection of the independent auditor. The process has not changed from the prior year.”