Return Reference | Explanation |
---|---|
Form 990, Part VI, Section B, Line 11b | A draft version is emailed to the Board of Directors Finance/Audit Committee for review, comment and approval. Upon approval at the committee level, the form 990 is then filed with the IRS and the New York State General Office Charities Bureau. This procedure is in alignment with Lenox and Pennamon HDFC's bylaws that the appropriate committee vote on matters of a specialized nature. |
Form 990, Part VI, Section B, Line 12c | Annually, members of the Board of Directors, and employees are required to sign the conflict of interest policy/disclosure form. If any conflict is disclosed, the party must recuse themselves from voting. |
Form 990, Part VI, Section B, Line 15 | The Board of Directors Personnel and audit/finance committees annually review the compensation for key positions. Compensation is market-based and set at levels that a) attract qualified candidates for any given positions and encourage top performers to stay. These factors are in alignment with the salaries being paid to key employees of NYC not-for-profits with similar positions - related duties and number of employees. This process was last undertaken in March 2013. |
Form 990, Part VI, Section C, Line 19 | Lenox and Pennamon HDFC makes it's governing document's conflict of interest policy, and financial statements available to the public; through the New York State Attorney General's and Guide Star websites. |
Software ID: | 13000241 |
Software Version: | v1.00 |