Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 6 | Manchester Neighborhood Housing Services, Inc. dba NeighborWorks Southern New Hampshire (NWSNH) is the sole stockholder of the organization. |
| Form 990, Part VI, Section B, line 11b | A draft of IRS Form 990 for NWGM Title Holding Company II, Inc. is reviewed by the Executive Director and Chief Operating Officer of NeighborWorks Southern New Hampshire (NWSNH). Once reviewed by management, the draft of IRS Form 990 is reviewed by NWSNH's Audit Committee. IRS Form 990 is then forwarded to all members of the Board of Directors. Once reviewed by management, the Audit Committee, and members of the Board of Directors, a final copy is issued and filed in a timely manner with the IRS. |
| Form 990, Part VI, Section B, line 12c | All policies of NeighborWorks Southern New Hampshire extend to all wholly owned entities: NeighborWorks Southern New Hampshire (NWSNH) has a conflict of interest policy because an organization's reputation for integrity is its most valuable asset and is directly related to the conduct of its officers and employees. It is stated in the policy that officers and employees must never use their positions with NeighborWorks for private gain, to advance personal interests or to obtain favors or benefits for themselves, members of their families or any other business entities. Each year, a conflict of interest questionnaire is distributed to all board members and board members are required to complete and sign the questionnaire. This questionnaire is designed to assist NWSNH to comply with the law as it pertains to instances of pecuniary benefit transactions and to allow its directors to understand the law and comply with it. A full disclosure is requested from each officer regarding financial transactions and family member transactions regarding NeighborWorks. If there is a conflict of interest regarding a board member and certain financial transactions of the organization, the board member is required to abstain from voting on any related financial transactions. The board member with pecuniary benefit is asked to leave the board room/meeting and it is disclosed to all board members that there is a pecuniary benefit to said board member. Board members are free to discuss this transaction and vote accordingly before the board member rejoins the meeting. |
| Form 990, Part VI, Section B, line 15a | Executive Director compensation is determined by an executive committee with the use of a compensation survey at the parent organization. However, this entity does not directly pay the compensation, but rather any compensation for services rendered to this entity are paid via a management fee. |
| Form 990, Part VI, Section C, line 19 | Governing documents and financial statements are available to the public upon request. |
| Form 990, Part X, Line 10: Land, Buildings, and Equipment | Section 1.263(a)-3(n) Election: NWGM Title Holding Company II, Inc. PO Box 3968, Manchester, NH 03105 EIN 45-4933071 NWGM Title Holding Company II, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). |
| Form 990, Part XI, line 9: | Other Net Asset Adjustment 2,511. |
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