Community Services Agency Development Corporation

“The organization's tax return is prepared by a certified public accountant. The finance director and other finance department staff review in detail the form 990 and supporting schedules. The governing body meets 6 times a year on alternating months, and has not been in practice of reviewing form 990 prior to filing. The governing body is aware that the form is available to individuals upon request and through the guidestar website.”

“Annually, each board member and key employee must submit a conflict of interest statement. Any potential conflict of interest is thoroughly reviewed by executive management staff or independent legal counsel”

“A salary survey is prepared every two years comparing data from similar organizations in similar economic environments for all positions at the agency. The salary survey is presented to the executive committee of the board and is reported to the full board for approval.”

“The officers, key employees, and highly compensated employees are subject to the same compensation process requirements as the executive director and top management.”

“Documents are generally available upon request. In addition, the 990 is published at www.guidestar.com, and the audit and data collection reports are available on the harvester.census.gov website. The other governing documents and conflict of interest policy are available upon request.”

“Contributions of net assets 945,729 on january 26, 2017 the board of directors adopted and approved the dissolution of community asset management corporation in accordance with bylaws. On march 31, 2017, community asset management corporation transferred net assets of 279,435 to community service agency development corporation. The net assets consisted of 63,297 in cash, 216,943 of property, plant and equipment at net book value and (805) of a due to another related nonprofit. On january 26, 2017, the board of directors adopted and approved the dissolution of new growth nevada corporation in accordance with the bylaws. On march 31, 2017, new growth nevada corporation transferred net assets of 666,292 to community service agency development corporation. The net assets consisted of 59,279 in cash, 2,300 in accounts receivable, 278,377 of money market funds, 327,000 of certificate of deposits and (664) of a due to another related nonprofit. Prior period adjustments total prior period adjustment of 1,489,507 consists of administrative fee receivable of 142,880 from grace partners; various equity partnership activity of 98,269; 1,006,525 of developer fee from two equity partnerships; and accrued interest receivable of 241,833 from one equity interest partnership. The dissolutions are reported on schedule n and r as a transfer.”