Haven of Hope Inc

“A copy of the return is provided to the board of directors for review and approval prior to submission to the department of treasury.”

“1.duty to disclose in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. 2.determining whether a conflict of interest exists after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. 3.procedures for addressing the conflict of interest a.an interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest b.the chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C.after exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D.if a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. 4.violations of the conflicts of interest policy a.if the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B.if, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Compensation for top management is decided annually by the board of directors.”

“Compensation for employees is decided annually by the board of directors and management.”

“Governing documents are made available upon written request.”

“Haven of hope continued to advance its mission of empowering single mothers and their children by providing stable housing and supportive services through our family care program. This program offers safe, affordable housing combined with comprehensive case management, parenting and financial training, counseling, and educational support. Our goal remains to help families achieve long-term stability and self-reliance. 2024 marked an important milestone in our growth and vision for the future. The board of directors approved the addition of two new modular homes, which will launch our next step program. This expansion is designed to provide transitional housing for families who have completed the family care program but still need affordable, structured support as they move toward full independence and continue to work on their long-term goals. This expansion increases our capacity by two additional families, allowing us to serve more mothers and children in need within our community.”

“Beg net asset variance 4,690”