| FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT AND IS REVIEWED BY MANAGEMENT. THE RETURN IS CIRCULATED TO THE BOARD FOR REVIEW VIA E-MAIL PRIOR TO SUBMISSION TO THE IRS (WITH THE EXCEPTION OF TWO BOARD MEMBERS, WHO RECEIVE A PRINTED COPY). ANY COMMENTS ARE ADDRESSED WITH THE OUTSIDE ACCOUNTANT. ONCE APPROVED, THE FORM 990 IS ELECTRONICALLY FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE INTERESTS OF RIVERDALE NEIGHBORHOOD HOUSE, INC. WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF A DIRECTOR, OFFICER, OR KEY PERSON OF THE CORPORATION OR ONE OF THEIR RELATIVES. UNDER THIS POLICY, IF THE CORPORATION CONTEMPLATES ENTERING INTO A RELATED PARTY TRANSACTION, THE BOARD OR AUTHORIZED BOARD COMMITTEE MUST DETERMINE IF THE TRANSACTION IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF THE CORPORATION AT THE TIME OF SUCH DETERMINATION. ALL TRANSACTIONS, AGREEMENTS OR ANY OTHER ARRANGEMENTS BETWEEN THE CORPORATION AND A RELATED PARTY, AND ANY OTHER TRANSACTIONS WHICH MAY INVOLVE A POTENTIAL CONFLICT OF INTEREST, SHALL BE REVIEWED BY THE BOARD OR AUTHORIZED BOARD COMMITTEE. NO RELATED PARTY SHALL VOTE, ACT, OR ATTEMPT TO INFLUENCE IMPROPERLY THE DELIBERATIONS OR VOTING ON ANY MATTER IN WHICH HE OR SHE HAS BEEN DETERMINED BY THE BOARD OR AUTHORIZED BOARD COMMITTEE TO HAVE A FINANCIAL INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15A |
THE BOARD ANNUALLY REVIEWS AND APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE PERSONNEL COMMITTEE USES THE MOST RECENT COMPENSATION SURVEY FROM UNITED NEIGHBORHOOD HOUSES (UNH), WHICH IS DONE EVERY OTHER YEAR. IT SHOWS SALARIES BY ORGANIZATION BUDGET, NUMBER OF EMPLOYEES AND OTHER FACTORS TO SHOW AVERAGES FOR BOARDS TO USE. IF NECESSARY, THEY WILL DRAW INFORMATION FROM OTHER SOURCES SUCH AS THE SURVEY BY PROFESSIONALS FOR NONPROFITS, NONPROFIT TIMES, AND OTHERS. AFTER DETERMINING A RECOMMENDATION, THE PERSONNEL COMMITTEE PRESENTS TO THE FULL BOARD IN EXECUTIVE SESSION AND HAS A VOTE MADE BY MOTION AND APPROVAL. THE BOARD MINUTES DOCUMENT THE COMPENSATION APPROVAL FOR THE EXECUTIVE DIRECTOR. THE DETAILED APPROVAL IS SENT TO THE FISCAL OFFICE FROM THE PERSONNEL COMMITTEE CHAIR. THE PROCESS AS OUTLINED ABOVE WAS LAST CONDUCTED IN 2020. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. |
| FORM 990, PART XII, LINE 2C: |
THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Attach to Form 990 or 990-EZ.