Home Matters to Arizona

“The treasurer of the organization distributes a pdf copy of the 990 to all board members for review and comment prior to the return being filed.”

“Any interested person with a potential or actual conflict of interest between the corporations interests and the interested persons personal interests, family members interests, or business interests, shall disclose this conflict of interest to the board on a timely basis. If an interested person has a conflict of interest relating to any matter under consideration for a decision by the board, he or she shall abstain from any vote, discussion except as the remaining board deems necessary for informational purposes, or any attempt to influence the decision of the board on that matter. The board may also require the interested person to be excused from a meeting while the matter is being deliberated and voted on. The disinterested members of the board or relevant board committee shall review the conflicted transaction and determine whether the corporation can obtain, with reasonable efforts, a more advantageous transaction or arrangement that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement may not be obtained under circumstances that would not give rise to a conflict of interest, the disinterested members of the board or board committee shall determine whether the conflicted transaction or arrangement is in the corporations best interest and for its own benefit and whether the transaction is fair and reasonable to the corporation, and the disinterested members of the board or relevant board committee shall decide whether to enter into the transaction or arrangement in conformity with such determination.”

“The corporation does not pay its directors compensation for serving in such positions. Any compensation paid to directors for services provided to the corporation in addition to the services they provide as directors shall be separately determined subject to the corporations conflict of interest policy. The objectives of the corporations executive and staff compensation policies are designed to attract, retain, motivate, and reward executive officers and staff who contribute to the corporations success in fulfilling its mission. The corporation will consider the following in setting compensation performance, skills and competencies, development and growth, and effective visible commitment to the corporation adjustments to salary and benefits will be based on changes in the marketplace subject to the corporations financial constraints and job performance including growth in mastering job competencies and will be consistent with practice in the nonprofit marketplace structured performance reviews with identifiable individual growth and development as well as professional achievement goals. The goals will be accompanied by identification of effective benchmarks for measuring success the appropriate external marketplace and, the advice and services of a professional compensation consultant or other appropriate means to assess the reasonableness of compensation.”

“The organization will provide, in a timely manner, financial statements and governing documents including its conflict of interest policy when requested in writing or in person.”