Loho

“There is an executive committee that can make decisions when they are needed on short notice, but those decisions must then go to the board for a vote at the next board meeting.”

“Preparation of the tax return is supervised by the Treasurer and other Board members. All Board members are given a copy of the return for feedback before filing.”

“The Bylaws require the Board Chair to query Board members before each meeting for any conflicts with agenda items. The Board Chair follows up on any conflict issues.”

“In 2024 a Board member plus a volunteer with a background in HR worked together to use a 501 Commons tool that utilized a 2023 King County non-profit salary data pool to review The Hamlet's Executive Director's compensation. The Board approved the Executive Director's salary based on this review. For the Hamlet House manager, the board utilized typical WA state compensation figures provided by a couple of Adult Family Home experts that have no connection to The Hamlet to determine her salary. In 2025, the Executive Director and managers received a cost of living increase that was also approved by the Board.”

“LOHO makes its Form 990, Form 1023, governing documents, conflict of interest policy, and financial statements available to the public upon request. In addition, copies of Form 990 are available on public websites such as propublica.org.”

“During the current fiscal year, adjustments were made to correct prior period entries related to Accounts Payable, Fixed Assets and Current Assets. The org's banking accounts increased by $60, Fixed Asset accounts decreased by $10,332, and Accounts Payable decreased by $2,420, resulting in a $7,852 adjustment. These prior period adjustments were made in accordance with accounting standards to ensure accurate presentation of net assets.”