Habitat for Humanity of Boulder Valley

“To the extent specified or authorized by the board of directors or in the Bylaws, each committee of the board may exercise the authority of the Board. A committee of the board may not, however: (a) authorize distributions, (b) approve or recommend dissolution, merger or the sale, pledge or transfer of all or substantially all of the corporation's assets; (c) elect, appoint or remove directors or fill vacancies on the board or on any committee of the board; (d) adopt, amend or repeal the articles of incorporation or any bylaws or (e) perform any act prohibited by C.R.S. 7.24-IO5 as amended. The board delegated authority to the finance committee during the fiscal year.”

“The governing documents were amended to ensure compliance with current law, increase the authorized size of the Board of Directors from 12 to 15 members, and standardize officer titles to Chair and Vice Chair.”

“Once a draft of the filing is available, the form 990 is reviewed by management and the Board of Directors. The Executive Director and the independent treasurer review the 990 in detail prior to filing.”

“As part of the annual audit, the external auditors review areas where there might be a potential conflict of interest between board members, management, and the Organization. A questionnaire has been developed for board members and other interested parties to complete annually disclosing any transactions that might create a conflict of interest. Potential conflicts of interest are discussed at board meetings and documented in the board minutes. Any party found to have a conflict of interest must recuse themselves from any discussion, voting, or any other responsibilities related to the conflict.”

“It is the board's policy to review compensation for the Executive Director, key employees and other officers annually based on performance and comparison of salary from other Habitat for Humanity affiliates in the region. The board reviewed the Executive Directors compensation in 2021. Contemporaneous minutes are kept of the deliberation and decision.”

“The governing documents and conflict of interest policy are available during normal business hours at the corporate office. Financial statements are available during normal business hours, and they are also available on the Organization's website.”

“Contruction contract labor: Program service expenses 881,882. Management and general expenses 22,311. Fundraising expenses 24,900. Total expenses 929,093. Contract labor: Program service expenses 10,209. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,209.”

“Contribution refunds -92,494.”

“The process has not changed from the prior year.”