Arc of Hawaii Housing Project Number 12 Incorporated

“Information and financial data from the organization's audited financial statements are combined in a draft of the Form 990 prepared by an outside certified public accountant. Several directors, including the treasurer and president, along with the executive director and finance director review the draft in detail and revise as appropriate. Once the detailed review is completed, the Form 990 is sent to all members of the governing body by electronic or paper copy to allow for additional review, comment and recommendations. Pursuant to policy, the final return is then approved by the full board prior to being filed with the IRS. Filing of this year's return was approved by the full board at a regular meeting of the Board.”

“A Conflict of Interest questionnaire is completed annually by all Directors along with the Executive Director and Director of Finance. It includes information about business affiliates. A listing of these affiliates is reviewed to determine if the organization has business transactions with any of these individuals and or affiliates. If a director or officer proposes to engage in or has an interest in such transactions, the director or officer is recused from discussion and decisions about the transaction.”

“Compensation for the Executive Director is determined as follows: A search is conducted for candidates for the position. Salary history and requirements are ascertained from all candidates. The search committee consults at least two 3rd party surveys of comparable salary levels (Hawaii Employers Council and Honolulu Advertiser) to ascertain that the proposed compensation is within the range of compensation for comparable positions in Hawaii. This information is provided to the Board of Directors who approve the hiring and compensation levels.”

“The organization's financial statements are available to the general public via posting of the Form 990 on websites such as Guidestar. The governing documents, conflict of interest policy and financials are also available upon request at the organization's administrative office.”