Residential Opportunities Inc Group Return

“Authority for final approval of the form 990 was granted to the finance committee by the board of directors in 2011. Draft copies are distributed to the committee; after a thorough review by the ceo, cfo, and committee the 990 is approved and filed. Once approved the 990 is made available to all board members.”

“The conflict of interest policy and procedures requires all members of the board of directors to annually complete a conflict of interest disclosure and commit to reporting any potential new conflicts of interest to the full board, should any arise. Board members abstain from voting on any matter where there is a conflict of interest. Additionally, all staff and volunteers are expected to self-report, although, sometimes supervisors or co-workers may report another staff's potential conflict. Once reported, all conflicts are reported to the coo, who determines whether an actual or potential conflict exists. Confirmed conflicts are then managed via a conflicts management plan, which is signed by the staff, the direct supervisor, the director, and the coo. Examples of restrictions which may be put in place include: staff agreeing to prioritize hours worked for roi over hours worked elsewhere; and staff being excluded from working at program sites where a close personal relationship exists between the staff and either an incumbent staff or an individual served at the excluded program site. The management plan is implemented and monitored by the staff's direct supervisor. If the coo has a conflict of interest it is managed by the ceo.”

“The top official and officers are compensated by a related organization, residential opportunities inc. Compensation process for top official: the board of directors uses comparable wages of nonprofit ceos in the area and industry standards to determine the wage offered to the ceo. Compensation process for officers: the coo and cfo wages are determined on a progressive scale which grants a two percent increase on their employment anniversary. The wage scale is based on comparable wages of nonprofit executives in the area and industry standards. This process is undertaken annually and was completed in fiscal year 2017.”

“Documents open for public inspection are available upon request.”

“No change in the process has been made from prior year.”