Villa Esperanza Services

“Prior to filing the prepared form 990, the form is reviewed by the chief executive officer, chief financial officer, vp of development, controller, board chair, and finance committee chair who is a cpa. Once the form is approved by the mentioned parties, the form is shared with all members of the board, filed with the irs, and shared with the public via a link to guidestar on the organization's website.”

“The agency annually receives a signed conflict of interest disclosure statement from each active board member. The disclosures are reviewed, and if necessary, are further discussed until a determination is made as to whether a conflict of interest exists. The agency will take appropriate action, dependent on the outcome of the above referenced discussion.”

“Executive compensation is administered by the executive committee of the board. To determine the benchmark pay, market information from comparable local nonprofit organizations as well as two additional market segments, private foundations, published not-for-profit compensation surveys and other published survey data are used. Upon review and deliberation of the executive's compensation, the executive committee of the board records and submits in writing to the human resources department the terms of compensation arrangements, approval and effective date, names of board members on the committee who approved the compensation decision, the data used in the compensation decision, and disclosures of conflict of interest, if any. Theses procedures are performed for all officers of the organization.”

“These items are available to the public upon request.”

“These items are available to the public upon request.”

“Compensation paid to a board member is for wages earned in the capacity of an employee, and not for services as a board member.”

“The net income from fundraising events as is listed on the agency's audited financial statements, which are prepared in accordance with generally accepted accounting principles (gaap), is $261,613. The net loss of <$46,791> listed on the irs form 990 part viii, line 8(c), does not include additional special event related revenue totaling $308,404, which is calculated in accordance with the irs instructions for the form 990. Accordingly, the net income amount from special events does not agree between the above two referenced documents, because of the differences in the required presentation between gaap and the irs instructions for the form 990.”

“The presentation of the above referenced section of the form 990 excludes allocated management overhead expenses which are necessary to operate the respective programs therein. Accordingly, the below presentation of program services accomplishments include management overhead expenses necessary to operate the listed programs. The reader is referred to page #2, part iii for a full description of each program. School: expenses of $2,881,025 including grants of $0, and revenue of $2,760,268. Adult residential programs: expenses of $2,545,689 including grants of $0, and revenue of $1,989,694. Adult day programs & transportation: expenses of $2,470,321 including grants of $0, and revenue of $2,932,256. All other program services: expenses of $2,625,977, including grants of $0, and revenue of $2,446,121.”

“Change in value of split-interest agreement 160,801. Gik rent expense -15,360.”