Congregational Homes Inc

“The bylaws were changed to include the addition of the chief operating officer”

“In early 2024, the organization was subject to a cyber incident and as a result incurred a loss of $498,465. The organization promptly filed a report with the police and fbi, and their insurance company. Through insurance they were able to recover $250,000 via insurance proceeds and the remaining unremibursed loss was $248,465. The organization took several steps to prevent future incidents including security evaluation/testing for all new technology and systems before use is rolled out, multifactor authentication, and adoption of new software and procedures to protect sensitive information.”

“The tax returns are first submitted to the audit committee when a draft is available, but prior to its irs due date or extended due date. Questions are directed to the cfo or ceo. Once accepted by the audit committee, the form 990 will be provided to all board members for their review and approval.”

“The ceo's secretary distributes the forms at the start of each calendar year. She is responsible for ensuring that all are returned. The completed forms are then reviewed by the chairman and secretary of the board of directors. It is the responsibility of each director to identify when potential conflicts of interest may occur during board proceedings. The chairman and the secretary may find it necessary to remind individual members of potential conflicts, as necessary. In the event a potential conflict arises the chairman decides if the individual member should recuse him or herself from the discussion and/or vote.”

“The executive committee serves as the management compensation committee. Salary adjustments are based on general salary adjustments for all employees, position in the market, individual performance and value to the organization. Competitive salary reviews are conducted on a periodic basis using an independent compensation consultant and form 990 of other organizations.”

“Documents are kept in the administration office in a binder - for public review - that contains irs tax exemption letter, articles of incorporation, bylaws, conflict of interest policy, code of ethical conduct, and three years of 990's and audited financial statements.”

“Food management and supplies: program service expenses 2,330,478. Management and general expenses 586,610. Fundraising expenses 0. Total expenses 2,917,088. Linen supplies and services: program service expenses 170,460. Management and general expenses 949. Fundraising expenses 0. Total expenses 171,409. Medical and therapy services: program service expenses 1,192,703. Management and general expenses 3,300. Fundraising expenses 0. Total expenses 1,196,003.”

“Changes in actuarial value of split-interest agreements -18,213.”