The Ljd Jfcs Realty Inc

“Jfcs realty, inc. Amended its bylaws effective 6/10/2020. The following is a summary of significant changes. A) re-worded the mission, which now reads "to operate and hold title to property to be used exclusively for jewish family & community services, inc. ("jfcs") in conjunction with its mission to strengthen the entire community by providing family and individual social services in the jewish tradition of helping people help themselves." b) adjusted composition of the board of directors to include the officers of jfcs. The board of directors of jfcs was given authority to elect additional directors not to exceed nine in total. C) changed the quorum for purposes of transacting business from four voting directors to one-third of voting directors.”

“The sole member of jfcs realty, inc. Is jewish family & community services, inc. (jfcs). Jfcs is a florida, not-for-profit corporation that is exempt from federal income tax under internal revenue code (irc) section 501(c)(3). There are no other classes of membership in the filing organization.”

“The board of directors of the filing organization shall be composed of the officers of the sole member, jfcs, whose board of directors has the power to elect, appoint or remove such individuals.”

“As set forth in the filing organization's bylaws, the following are subject to approval by the sole member, jfcs: a) an increase or decrease in the number of directors, and b) amendment, repeal, restatement or supplement to the articles of incorporation or bylaws.”

“The executive director will review and approve the filing organization's form 990. Prior to filing, the finance committee will present the form 990 to the board of directors.”

“Each member of the board completes a conflict of interest questionnaire annually per the organization's by-laws. Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such a person (a) received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy, and (d) understands the corporation 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. Staff also signs a conflict of interest statement. This is scheduled for distribution to both groups in january. The conflict of interest form is provided to new staff upon hire and new board members upon election. Should conflicts of interest regarding the board be disclosed, the information is presented to the board/committee and the member in question must recuse him/herself from any discussion pertaining to the conflict and from voting on the transaction or arrangement. An impartial party may be asked to investigate. After conducting due diligence, the board/committee votes on whether an alternative transaction or arrangement is permissible. Minutes are recorded for such discussions/actions with staff. The executive director has ultimate authority in reviewing any conflicts of interest, and due diligence is exercised in investigating and remediating any such conflict.”

“Jfcs realty, inc. Maintains an environment that is open, honest and transparent. The form 990 is availaible online via guidestar and is provided to grant-making bodies and other external stakeholders upon request. The agency provides the audited financial statements to many of these same stakeholders. The financial statements are also easily accessible for review.”

“The executive director is compensated by jewish family and community services, inc. (jfcs), a related 501(c)(3) organization. Please see the discussion concerning the process followed by jfcs in determining executive director compensation in our response to schedule j, line 3.”

“Equity transfer from tax-exempt parent 270,600. Equity transfer to tax-exempt parent -296,400.”

“Jfcs realty, inc. Is included in consolidated financial statements with related organizations, jewish family & community services, inc. And jfcs charities, inc. The finance committee of jewish family & community services, inc. Is responsible for oversight of the audit the consolidated financial statements and selection of an independent accountant. This process has not changed from the prior year.”