Living Redemption Community Development Corp

“The Executive Director and one of the Trustee have a family relationship.”

“The Finance Committee of the Board of Directors reviewed and approved the 2024 Form 990 on November 12, 2024, and a copy was provided to all governing body members prior to filing.”

“The organizations compensation policy was last reviewed and approved by the Board Governance Committee on January 10, 2024. CEO compensation is determined by independent, non-management Board members using appropriate comparability data (e.g., Form 990 filings and surveys of similarly situated organizations by size, scope, and geography, and, when appropriate, third-party studies). The CEO is recused from deliberations. The Boards pay philosophy targets market-competitive, reasonable compensation, taking into account organizational performance, program impact, fundraising, risk/complexity, and leadership responsibilities; performance-based components, if any, are tied to pre-established goals. Decisions are documented in contemporaneous minutes noting committee independence, data reviewed, rationale, and recusal, consistent with the rebuttable presumption procedures under Treas. Reg. 53.4958-6, with compensation reviewed at least annually or upon material changes.”

“The organizations compensation policy was last reviewed and approved by the Board Governance Committee on January 10, 2024. CEO compensation is determined by independent, non-management Board members using appropriate comparability data (e.g., Form 990 filings and surveys of similarly situated organizations by size, scope, and geography, and, when appropriate, third-party studies). The CEO is recused from deliberations. The Boards pay philosophy targets market-competitive, reasonable compensation, taking into account organizational performance, program impact, fundraising, risk/complexity, and leadership responsibilities; performance-based components, if any, are tied to pre-established goals. Decisions are documented in contemporaneous minutes noting committee independence, data reviewed, rationale, and recusal, consistent with the rebuttable presumption procedures under Treas. Reg. 53.4958-6, with compensation reviewed at least annually or upon material changes.”

“The organizations governing documents, conflict of interest policy, and financial statements are available to the public upon request and on our website.”

“The year-over-year change in total revenue and net assets reflects the timing and completion of major contracts, not an operational loss. Because all funding sources operate on a fiscal year while the organization reports on a calendar year, timing differences affect financial reporting. The decrease in net assets results from normal funding and program cycles, not a structural deficit or loss of support.”

“Approximately 94% of 2024 expenses were allocated to program services, consistent with our reimbursable grant model and mission to maximize direct service delivery. Because most revenue is earned through program-based contracts, the majority of expenses are tied directly to program activity. This ratio reflects both our funding structure and our strong commitment to mission impact.”

“Regarding Part VII & Schedule J:The President & CEOs reported compensation includes a one-time, Board-approved payment made during the fiscal year to reconcile deferred or supplemental compensation from prior service periods. This payment does not represent a change to ongoing base salary. The Board reviewed and approved the payment in accordance with the organizations compensation-setting policy and documented the decision in its records. Additional Notes:The organization remains committed to transparency, strong governance, and effective stewardship of resources. We appreciate the Finance Committees ongoing attention to detail and welcome any further suggestions to strengthen the clarity and narrative of our public filings.”