2024-07-29T09:08:08-05:00 2023-12-31 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2023-01-01 050259094 CROSSROADS RHODE ISLAND CROS 4015212255 160 BROAD STREET PROVIDENCE RI 02903 MICHELLE WILCOX PRESIDENT & CEO 4015212255 2024-07-29 1 1 SANDY ROSS P01399337 4012742001 2024-07-26 2023 2024-08-08 14:25:15Z MICHELLE WILCOX 160 BROAD STREET PROVIDENCE RI 02903 31264675 0 X WWW.CROSSROADSRI.ORG X 1929 RI TO HELP HOMELESS OR AT-RISK INDIVIDUALS AND FAMILIES SECURE STABLE HOMES. 38 37 286 325 0 0 24912473 28784507 1371636 1516956 45506 230774 208614 132541 26538229 30664778 0 0 0 0 10163190 10425464 189542 213592 1882235 10213556 8709557 20566288 19348613 5971941 11316165 40041103 55754789 17877072 21927656 22164031 33827133 X THE CORE MISSION OF THE ORGANIZATION IS TO ASSIST HOMELESS OR AT-RISK INDIVIDUALS AND FAMILIES SECURE STABLE HOMES. THIS IS ACCOMPLISHED BY PROVIDING A RANGE OF SERVICES INCLUDING HOUSING, BASIC NEEDS, SHELTER, CASE MANAGEMENT, REFERRALS, EDUCATION AND EMPLOYMENT SERVICES. 0 0 7448559 115932 SHELTER AND ASSESSMENT - HOUSING PROBLEM SOLVING AND SHELTER. HOUSING PROBLEM SOLVING IS A RELATIVELY NEW APPROACH THAT PREVENTS AT-RISK PEOPLE FROM BECOMING HOMELESS BY FACILITATING CLIENT-CENTERED CONVERSATIONS THAT HELP THEM EXPLORE FLEXIBLE, SAFE AND COST-EFFECTIVE SOLUTIONS TO ENDING THEIR HOUSING CRISIS. IN 2023, CROSSROADS PROVIDED HOUSING PROBLEM SOLVING SUPPORTS INCLUDING RENTAL ASSISTANCE, SECURITY DEPOSITS AND UTILITIES ARREARS TO MORE THAN 1,750 HOUSEHOLDS. MORE THAN $600,000 IN ASSISTANCE WAS DISTRIBUTED, ABOUT $2,042 PER HOUSEHOLD, WHICH HELPED NEARLY 300 HOUSEHOLDS AVOID HOMELESSNESS, INCLUDING 39 DOMESTIC VIOLENCE SURVIVORS.WHEN DIVERSION ISN'T POSSIBLE, IT IS SOMETIMES NECESSARY FOR PEOPLE TO STAY AT ONE OF OUR TEMPORARY EMERGENCY SHELTERS WHILE WE WORK TO FIND THEM HOUSING. IN 2023, CROSSROADS OPERATED 7 EMERGENCY SHELTERS THROUGHOUT RHODE ISLAND, PROVIDING SAFE SHELTER TO 1,406 PEOPLE, INCLUDING 124 CHILDREN. OF THOSE, 38 WOMEN AND 40 CHILDREN WERE DOMESTIC VIOLENCE SURVIVORS. 7508096 1401024 HOUSING PROGRAMS - CROSSROADS RHODE ISLAND IS THE STATE'S LEADING PROVIDER OF HOUSING AND SERVICES TO THOSE EXPERIENCING HOMELESSNESS. CROSSROADS OWNS AND MANAGES MORE THAN 375 PERMANENT SUPPORTIVE HOUSING UNITS STATEWIDE, INCLUDING THE RECENTLY RENOVATED BEACH AVENUE APARTMENTS. AS PART OF THAT PROJECT, THE WARWICK FAMILY SHELTER WAS CONVERTED INTO FOUR MUCH-NEEDED APARTMENTS FOR FORMERLY HOMELESS FAMILIES. IN ORDER TO HELP REDUCE HOMELESSNESS IN RHODE ISLAND, LAST YEAR CROSSROADS ALSO BROKE GROUND ON 94 SUMMER STREET IN PROVIDENCE, A 176-UNIT PERMANENT SUPPORTIVE APARTMENT BUILDING FOR HOMELESS OR AT-RISK ADULTS. THE PROJECT IS EXPECTED TO BE COMPLETED IN 2025.IN 2023, THE AGENCY HELPED 1,764 ADULTS AND CHILDREN, INCLUDING 90 DOMESTIC VIOLENCE SURVIVORS, EITHER FIND A NEW PLACE TO CALL HOME OR MAINTAIN THEIR HOUSING WITH SUPPORT, INCLUDING ONGOING CASE MANAGEMENT, BASIC NEEDS ASSISTANCE AND EDUCATION AND EMPLOYMENT SERVICES. OF THOSE, 120 HOUSEHOLDS RECEIVED UP TO 24 MONTHS OF RENTAL ASSISTANCE AND CASE MANAGEMENT SUPPORT THROUGH OUR RAPID REHOUSING PROGRAM, WHICH ALLOWED THEM TO MOVE INTO MARKET-RATE APARTMENTS STATEWIDE.ANOTHER 529 HOUSEHOLDS MOVED INTO PERMANENT SUPPORTIVE HOUSING, PRIMARILY INTO PROPERTIES THAT CROSSROADS OWNS. THESE APARTMENTS ARE DEEPLY SUBSIDIZED, ALLOWING FOR EXTREMELY LOW OR NO-INCOME RESIDENTS TO LIVE SAFELY WITH THE HOUSING-BASED SERVICES AND SUPPORT THEY NEEDFOR AS LONG AS THEY NEED. 914962 EDUCATION AND EMPLOYMENT SERVICES - GETTING A JOB AND KEEPING IT IS CRITICAL TO HELPING OUR CLIENTS MAINTAIN THEIR HOUSING AND ACHIEVE SELF-SUFFICIENCY. TO HELP OUR CLIENTS ACHIEVE HIGHER LEVELS OF EDUCATION AND SECURE BETTER PAYING JOBS, CROSSROADS OFFERED A BROAD RANGE OF TRAUMA-INFORMED PROGRAMS BOTH VIRTUALLY AND IN-PERSON LAST YEAR. MORE THAN 250 PEOPLE PARTICIPATED IN PROGRAMS DESIGNED TO HELP THEM INCREASE THEIR LITERACY AND MATH SKILLS, WORK TOWARD A HIGH SCHOOL DIPLOMA, COMPLETE A TRAINING PROGRAM OR LOOK FOR A JOB. AS A RESULT, 87 PEOPLE LANDED NEW JOBS AND 56 EARNED A MEASURABLE SKILLS GAIN. OUR SUCCESSFUL CERTIFIED NURSE ASSISTANT (CNA) PROGRAM ALSO CELEBRATED ITS 150TH GRADUATING CLASS SINCE WE BEGAN OFFERING THE PROGRAM IN THE 1990S. AS A RESULT HUNDREDS OF CROSSROADS GRADS ARE NOW WORKING IN HOSPITALS, NURSING HOMES AND HOME HEALTH CARE ORGANIZATIONS TODAY. 15871617 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 319 0 1 286 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 38 37 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MERELISE HITTE 4012274303 160 BROAD STREET PROVIDENCE RI 02903 ADAM HAMBLETT VICE CHAIR 1.00 X X 0 0 0 ALDEN M ANDERSON JR DIRECTOR 1.00 X 0 0 0 BETH MCQUADE DIRECTOR 1.00 X 0 0 0 BRADFORD S DIMEO DIRECTOR 1.00 X 0 0 0 BRIAN MURPHY DIRECTOR (AS OF 4/23) 1.00 X 0 0 0 BRUCE MESSIER DIRECTOR 1.00 X 0 0 0 CHRISTOPHER SMITH DIRECTOR 1.00 X 0 0 0 DAVID GILDEN DIRECTOR 1.00 X 0 0 0 DAVID NASTRO DIRECTOR (AS OF 4/23) 1.00 X 0 0 0 DAVID ORTIZ DIRECTOR 1.00 X 0 0 0 DR MARGARET M VAN BREE MEMBER AT LARGE 1.00 X 0 0 0 EUGENIO FERNANDEZ JR DIRECTOR (AS OF 4/23) 1.00 X 0 0 0 FRANK MAURAN DIRECTOR 1.00 X 0 0 0 GAYLE WOLF DIRECTOR 1.00 X 0 0 0 GREG ALMEIDA DIRECTOR (AS OF 4/23) 1.00 X 0 0 0 HELENA BUONANNO FOULKES MEMBER AT LARGE (AS OF 4/23) 1.00 X 0 0 0 HOWARD G SUTTON CHAIR EMERITUS 1.00 X 0 0 0 JAMES DIOSSSA DIRECTOR (AS OF 4/23) 1.00 X 0 0 0 JEFFREY DANA ESQ DIRECTOR 1.00 X 0 0 0 JILL DESHIRO DIRECTOR (AS OF 4/23) 1.00 X 0 0 0 JOHN GALVIN VICE CHAIR 1.00 X X 0 0 0 JOHN J MCCONNELL JR DIRECTOR 1.00 X 0 0 0 JULIE DUFFY ESQ CHAIR 1.00 X X 0 0 0 KAREN G DELPONTE DIRECTOR 1.00 X 0 0 0 KEITH KELLY DIRECTOR (AS OF 4/23) 1.00 X 0 0 0 KEVIN TRACY DIRECTOR 1.00 X 0 0 0 M TERESA PAIVA WEED ESQ MEMBER AT LARGE 1.00 X 0 0 0 MARIE BERNARDO-SOUSA LP D DIRECTOR 1.00 X 0 0 0 MARK STEWART TREASURER 1.00 X X 0 0 0 MARSHALL VOTTA DIRECTOR 1.00 X 0 0 0 MARY LEAHEY DIRECTOR (TO 4/23) 1.00 X 0 0 0 MATTHEW T MARCELLO III ESQ DIRECTOR 1.00 X 0 0 0 MICHAEL MELLO DIRECTOR 1.00 X 0 0 0 MICHELLE WILCOX PRESIDENT & CEO 40.00 X X 242133 0 20127 MONICA HUERTAS DIRECTOR 1.00 X 0 0 0 NICOLE E ALEXANDER-SCOTT MD DIRECTOR 1.00 X 0 0 0 PATRICK WHOLEY DIRECTOR 1.00 X 0 0 0 RAJIV KUMAR MD DIRECTOR (TO 4/23) 1.00 X 0 0 0 REBECCA WEBBER MEMBER AT LARGE 1.00 X 0 0 0 STACIE B COLLIER DIRECTOR (AS OF 4/23) 1.00 X 0 0 0 TERRY MORAN DIRECTOR 1.00 X 0 0 0 THOMAS A VERDI DIRECTOR (TO 4/23) 1.00 X 0 0 0 TONY SIMON DIRECTOR 1.00 X 0 0 0 VIRGINIA BRANCH SECRETARY 1.00 X X 0 0 0 KAREN SANTILLI CEO 40.00 X 343797 0 30087 LAURA CALENDA CHIEF MARKETING & PHILANTH 40.00 X 194758 0 6012 MERELISE HITTE CHIEF FINANCIAL OFFICER 40.00 X 238319 0 7425 JOHN MACDONALD CHIEF PROGRAM OFFICER 40.00 X 170380 0 21363 GORDON FOX VP OPERATIONS 40.00 X 129672 0 11668 JENNA NUTTING VP SUPPORTIVE SERVICES 40.00 X 124891 0 12408 JENNIFER WATKINS VP SHELTER SERVICES 40.00 X 125931 0 21383 MARCIA MARINO VP FINANCE 40.00 X 132255 0 4152 MONICA SPICER VP HOUSING ASSETS 40.00 X 130099 0 9000 1832235 0 143625 12 0 1 0 TRAC BUILDINERS INC 28 WOLCOTT ST PROVIDENCE RI 02908 CONSTRUCTION SERVICES 1320321 EAST COAST MASONARY & RESTORATION 515 GREENVILLE AVE JOHNSTON RI 02919 BRICK REPOINTING 1039135 PARISEAULT BUILDERS 25 SHARPE DR CRANSTON RI 02920 CONSTRUCTION SERVICES 903296 DELTA T GROUP PO BOX 884 BRYN MAWR PA 19010 TEMP SERVICES 882944 KITE ARCHITECTS 1 CENTRAL ST PROVIDENCE RI 02907 ARCHITECTUAL & ENGINEER SERVICES 693629 5 87500 18616874 10080133 225895 28784507 PROPERTY MANAGEMENT 531310 795947 795947 DEVELOPER'S FEE 531310 300000 300000 COMMERCIAL RENTALS 531310 223199 223199 FAMILY AND ELDERLY HOU 531310 197810 197810 1516956 194041 194041 569053 474 532794 0 36259 474 36733 36733 162168 87500 67103 95065 95065 OTHER REVENUE 531310 37476 37476 37476 30664778 1554432 0 325839 1082582 481138 406312 195132 7706822 6458372 352561 895889 160769 108318 24980 27471 718687 598814 37087 82786 756604 612871 58834 84899 13894 8605 5289 74225 74225 213592 213592 18198 18198 1144147 1045529 92477 6141 173803 173803 392518 214767 10192 167559 110936 95476 14734 726 1292687 1138540 149341 4806 88967 46164 42234 569 44915 20276 5046 19593 41309 41309 1256970 1042070 208272 6628 299882 259258 37983 2641 CLIENT ASSISTANCE/FOOD 3700110 3700110 BAD DEBT EXPENSE 56996 0 56996 19348613 15871617 1594761 1882235 4158011 8214124 7188913 10464316 26790 2670699 3178380 11122910 120774 131434 34307317 14849452 22130821 19457865 3470559 3948981 -233145 -255540 40041103 55754789 1717554 5716704 11290 40338 16145799 16169077 2429 1537 17877072 21927656 X 14772770 22536750 7391261 11290383 22164031 33827133 40041103 55754789 11316165 346937 0 X X 0 1 X 1 1 1 X 12287922 14239723 17044432 24819085 28635487 97026649 12287922 14239723 17044432 24819085 28635487 97026649 3029835 93996814 102023 126218 128827 147645 194041 698754 157998 494127 75220 18013 37476 782834 98508237 5692214 0.95420 0.98270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 539816 539816 458147 20961 79742 19034 539816 1 1532880 1532880 31457165 14547908 16909257 321768 184313 137455 995504 117231 878273 19457865 TENANTS SECURITY DEPOSITS 1537 1537 X 31249851 346937 137159 119175 603271 30646580 18198 18198 30664778 19586749 137159 137159 19449590 18198 -119175 -100977 19348613 PART V, LINE 4: MANAGEMENT DETERMINED THAT THE ENDOWMENT FUNDS WERE INCORRECTLY RECOGNIZED IN CROSSROADS' FINANCIAL STATEMENTS BECAUSE THE FUNDS WERE TRANSFERRED TO AN UNRELATED COMMUNITY FOUNDATION. THE CORRECTION IS INCLUDED IN THE PRIOR PERIOD ADJUSTMENT IN 2020. PART X, LINE 2: CROSSROADS IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). MANAGEMENT BELIEVES THAT CROSSROADS OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE FEDERAL AND STATE LEVELS. CROSSROADS ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE INTERNAL REVENUE SERVICE USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. CROSSROADS CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FORGIVEN INTEREST EXPENSE 119,175. PART XII, LINE 4B - OTHER ADJUSTMENTS: FORGIVEN INTEREST EXPENSE -119,175. X X X X X X 1 NEWPORT ONE 33 RAILROAD AVENUE DUXBURY MA 02332 MAIL SOLICITATION 0 437863 213592 224271 437863 213592 224271 RI WOMEN HELPING WOMEN 141291 50000 91291 1000 29020 5996 NEIGHBORS HELPING NEIGHBORS 108377 37500 70877 20251 10836 249668 87500 162168 1000 49271 16832 67103 95065 X X X X X 0 0 0 0 0 0 0 0 0 KAREN SANTILLI CEO 343797 0 0 0 0 0 29900 0 187 0 373884 0 0 0 MICHELLE WILCOX PRESIDENT & CEO 242133 0 0 0 0 0 14943 0 5184 0 262260 0 0 0 MERELISE HITTE CHIEF FINANCIAL OFFICER 238319 0 0 0 0 0 7238 0 187 0 245744 0 0 0 LAURA CALENDA CHIEF MARKETING & PHILANTH 194758 0 0 0 0 0 5825 0 187 0 200770 0 0 0 JOHN MACDONALD CHIEF PROGRAM OFFICER 170380 0 0 0 0 0 5570 0 15793 0 191743 0 0 0 VIRGINIA BRANCH SECRETARY 4120 PRINCIPAL OWNER AT BRANCH ARCHITECTS. THE ORGANIZATION CONTRACTED WITH BRANCH ARCHITECTS FOR ARCHITECTURAL SERVICES. 0 X 9 176875 FMV X HOUSEHOLD AND RELATED ITEMS 85 49020 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATIONS BYLAWS WERE REVISED AND THE FOLLOWING CHANGES WERE MADE: ARTICLE III, BOARD OF DIRECTORS, SECTION 8 POWERS: THE BOARD SHALL ALSO APPROVE THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. ARTICLE IV, OFFICERS, SECTION 1 NUMBER AND TERM: SUCH OFFICERS, OTHER THAN A CHAIR-ELECT, SHALL BE ELECTED FOR A TERM OF THREE (3) YEARS OR UNTIL HIS OR HER SUCCESOR SHALL HAVE BEEN ELECTED AND QUALIFIED. THE OFFICERS, OTHER THAN A CHAIR-ELECT, SHALL BE ELIGIBLE TO SUCCEED THEMSELVES IN OFFICE FOR ONE (1) ADDITIONAL THREE (3) YEAR TERM WITH THE MAJORITY VOTE OF THE BOARD. NOTWITHSTANDING THE FOREGOING, UPON ELECTION OF A CHAIR-ELECT AS PROVIDED BELOW, THE CHAIR SHALL CONTINUEE TO SERVE UNTIL SUCH CHAIR-ELECT HAS SERVED ONE (1) YEAR, AT WHICH TIME SUCH CHAIR-ELECT SHALL SUCCEED THE CHAIR. ARTICLE V, EXECUTIVE COMMITTEE, SECTION 1: THE CEO SHALL NOT BE A MEMBER, BUT MAY ATTEND ALL MEETINGS. ARTCILE VI, COMMITTEES OF THE BOARD OF DIRECTORS, SECTION 2: -FINANCE AND AUDIT COMMITTEE: THE FINANCE, AUDIT AND INVESTMENT COMMITTEES WAS COMBINED IN THIS SECTION: THIS COMMITTEE SHALL HAVE RESPONSIBILITY FOR THE FINANCIAL AFFAIRS OF THE CORPORATION. IT SHALL MAINTAIN CONTINUOUS REVIEW OF INCOME AND EXPENDITURES, BUDGETS, AUDIT AND TAX COMPLIANCE AND INVESTMENT OVERSIGHT ON BEHALF OF THE BOARD. THE COMMITTEE SHALL MAKE RECOMMENDATIONS TO THE BOARD ON ALL FINANCIAL MATTERS. THE COMMITTEE SHALL MEET AT LEAST QUARTERLY AND BE MADE UP OF NOT LESS THAN SEVEN (7) MEMBERS OF WHICH TWO (2) SHALL NOT BE DIRECTORS OF THE CORPORATION. THE TREASURER OF THE CORPORATION SHALL ACT AS CHAIR AND REPORT TO THE EXECUTIVE COMMITTEE AND BOARD REGULARLY. RESPONSIBILITIES OF THE COMMITTEE INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING: SUPERVISION OF ALL MATTERS RELATING TO THE OPERATING FUNDS. PRESENT ACCURATE AND TIMELY FINANCIAL STATEMENT TO THE BOARD. REVIEW AND RECOMMEND YEARLY BUDGET TO BOARD. SUPERVISION OF BUDGET TO ACTUAL OUTCOME. RECOMMENDATION OF INDEPENDENT CPA FIRM. CONSULT WITH INDEPENDENT CPA FIRM REGARDING THE ANNUAL AUDIT, ADEQUACY OF INTERNAL CONTROLS AND MANAGEMENT LETTER. ASSURE COMPLIANCE WITH FEDERAL, STATE AND OTHER REPORTING REQUIREMENTS. INVESTMENT OVERSIGHT, INCLUDING ASSESSING THE PERFORMANCE OF THE INVESTMENT MANAGER. ESTABLISH INVESTMENT PORTFOLIO GUIDELINES AND BENCHMARKS. ANNUALLY REVIEW THE INVESTMENT POLICY STATEMENT (IPS). -COMPENSATION COMMITTEE AND THE RETIREMENT PLAN ADMINSTRATIVE COMMITTEE WAS COMBINED IN THIS SECTION : THIS COMMITTEE SHALL ASSIST AND OVERSEE THE BOARD REGARDING ITS RESPONSIBILITIES FOR OVERSIGHT OF THE CORPORATION'S COMPENSATION PROGRAMS AND THE CORPORATION'S RETIREMENT PLANS WHICH CONSISTS OF A 401 (K) PLAN AND 457 PLAN. THE COMMITTEE SHALL EVALUATE APPROPRIATE COMPENSATION MECHANISMS AND CRITERIA, REGARDING THE ESTABLISHMENT OF POLICIES AND PROCEDURES FOR COMPENSATING OFFICERS AND KEY EMPLOYEES OF THE CORPORATION APPOINTED IN ACCORDANCE WITH THE BYLAWS AND SHALL RECOMMEND TO THE BOARD THE ANNUAL COMPENSATION FOR THE CEO. THE CHIEF FINANCIAL OFFICER WILL FUNCTION AS THE PLAN ADMINISTRATOR AND AGENT FOR LEGAL PROCESS FOR THE RETIREMENT PLANS AND OVERSEE THE PLAN ASSETS. -PROPERTY DEVELOPMENT COMMITTEE WAS ADDED IN THIS SECTION: THIS COMMITTEE IS RESPONSIBLE FOR PROVIDING EXPERTISE AND GUIDANCE TO MANAGEMENT ON THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND MAINTENANCE OF PHYSICAL ASSETS OF THE CORPORATION. THE COMMITTEE SHALL REVIEW PROPOSALS FOR AND MAKE RECOMMENDATIONS ON PROPERTY DEVELOPMENT AND CAPITAL UPGRADES OPPORTUNITIES. THE COMMITTEE SHALL FURTHER PROVIDE GUIDANCE TO MANAGEMENT ON ACTIVITIES FROM PRE-DEVELOPMENT THROUGH PROJECT COMPLETION, INCLUDING BIDDING AND AWARDING OF CONTRACTS OF VENDORS; PROJECT FINANCING; PROJECT SCOPE; AND CONSTRUCTION ACTIVITIES. THE COMMITTEE SHALL WORK WITH THE PRESIDENT AND ADDITIONAL STAFF MEMBERS TO DEVELOP ANNUAL AND FUTURE DEVELOPMENT AND REHABILITATION PLANS ALONG WITH OTHER DUTIES THAT ARE REQUIRED BY THE BOARD. THE MEMBERS OF THIS COMMITTEE ARE EXPECTED TO HAVE ADEQUATE KNOWLEDGE OF BUILDING ISSUES, DEVELOPMENT OF FACILITIES AND MANAGEMENT OF PROJECTS AND FACILITIES. ARTICLE VII, CHIEF EXECUTIVE OFFICER AND PRESIDENT: -UPDATED: TO THE BOARD SHALL EMPLOY A CHIEF EXECUTIVE OFFICER AND PRESIDENT FOR SUCH PERIOD OF TIME UPON SUCH TERMS AND CONDITIONS AS THE BOARD MAY DETERMINE. -ADDED SECTION 1: THE CHIEF EXECUTIVE OFFICER SHALL BE THE CORPORATION'S CHIEF EXECUTIVE OFFICER AND SHALL HAVE AUTHORITY TO EMPLOY AND DISCHARGE EMPLOYEES AS HE OR SHE MAY DEEM NECESSARY. THE CHIEF EXECUTIVE OFFICER SHALL HAVE DIRECT CHARGE OF THE BUSINESS AND AFFAIRS OF THE CORPORATION, SUBJECT TO THE CONTROL OF THE BOARD OF DIRECTORS, AND SHALL BE RESPONSIBLE FOR THE STRATEGIC VISION OF THE CORPORATION AND ITS IMPLEMENTATION, EXTERNAL AFFAIRS RELATING TO THE CORPORATION AND ITS MISSION, AND CAPITAL CAMPAIGNS OF THE CORPORATION. THE CHIEF EXECUTIVE OFFICER SHALL HAVE SUCH ADDITIONAL AUTHORITY AND POWERS AND SHALL PERFORM SUCH FURTHER DUTIES AS MAY, FROM TIME TO TIME, BE ASSIGNED TO THE CHIEF EXECUTIVE OFFICER BY THE BOARD OF DIRECTORS OR THESE BYLAWS. IN THE ABSENCE OF THE CHAIR, CHAIR-ELECT AND VICE CHAIR OF THE BOARD, THE CHIEF EXECUTIVE OFFICER SHALL PRESIDE AT ALL MEETINGS OF THE BOARD OF DIRECTORS. THE CHIEF EXECUTIVE OFFICER (OR HIS/HER DESIGNEE) SHALL SERVE EX OFFICIO WITHOUT VOTE ON THE BOARD AND ALL BOARD COMMITTEES AND SHALL DO AND PERFORM SUCH OTHER DUTIES AS THE BOARD MAY ASSIGN FROM TIME TO TIME. - ADDED SECTION 2: THE PRESIDENT SHALL BE RESPONSIBLE FOR THE DAY-TO-DAY OPERATIONS OF THE CORPORATION, AND SHALL HAVE SUCH DUTIES AND RESPONSIBILITIES AS MAY, FROM TIME TO TIME, BE ASSIGNED BY THE CHIEF EXECUTIVE OFFICER, THE BOARD OF DIRECTORS OR THESE BYLAWS. THE PRESIDENT SHALL REPORT TO THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION A, LINE 7A THE ANNUAL MEETING OF THE MEMBERS SHALL BE HELD IN THE MONTH OF APRIL AT SUCH PLACE, DATE AND TIME AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS, FOR THE PURPOSE OF ELECTING INDIVIDUALS TO SERVE AS DIRECTORS OF THE CORPORATION AND TRANSACTING SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THEM. THE BOARD OF DIRECTORS SHALL CONSIST OF AT LEAST 15 AND NO MORE THAN 40 MEMBERS. AND AN EX-OFFICIO MEMBER. AT EACH ANNUAL MEETING, CROSSROAD SHALL ELECT SUCH NUMBER OF DIRECTORS WHOSE TERMS OF OFFICE EXPIRE ON SUCH DATE. DIRECTORS ELECTED TO SERVCE ON THE BOARD FOR THE FIRST TIME ARE ELECTED FOR A TERM OF 3 YEARS AND UNTIL THEIR SUCCESSORS ARE CHOSEN AND QUALIFY. DIRECTORS WHO HAVE SERVED A FULL 3 YEAR TERM MANY BE REELECTED TO SERVE FOR UP TO TWO ADDITIONAL 3 YEAR TERMS. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE ORGANIZATION'S AUDIT COMMITTEE REVIEW THE FORM 990 AND RECOMMEND TO THE BOARD TO ACCEPT THE FORM AS COMPLETED PRIOR TO FILING. THE FORM 990 IS PROVIDED TO EACH DIRECTOR VIA E-MAIL AND EACH DIRECTOR THEN CONFIRMS RECEIPT BY E-MAIL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; B) HAS READ AND UNDERSTANDS THE POLICY; C) HAS AGREED TO COMPLY WITH THE POLICY, AND; D) UNDERSTANDS THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS SHALL BE CONDUCTED TO ENSURE THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING; (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE CORPORATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING THE PRESIDENT/CEO'S SALARY IS THE RESPONSIBILITY OF THE COMPENSATION COMMITTEE. THE COMMITTEE CONSISTS OF FIVE BOARD MEMBERS AND TWO-THIRDS OF THE MEMBERS PRESENT WILL CONSTITUTE A QUORUM. THE COMMITTEE DIRECTS ADMINISTRATION TO OBTAIN, REVIEW AND ASSIMILATE COMPARABLE COMPENSATION DATA FOR THE PRESIDENT/CEO AND KEY EXECUTIVE OFFICERS NO LESS THAN TWELVE MONTHS OR NO MORE THAN TWENTY-FOUR MONTHS. ANNUALLY, THE COMMITTEE WILL REVIEW AND RECOMMEND TO THE BOARD, ORGANIZATION GOALS AND OBJECTIVES FOR THE PRESIDENT/CEO AT THE END OF EACH YEAR, EVALUATE THE PERFORMANCE AGAINST THESE GOALS, AND RECOMMEND TO THE BOARD ANY SALARY ACTION TO BE TAKEN. WHEN MAKING ITS RECOMMENDATION FOR THE PRESIDENT/CEO'S SALARY, THE COMPENSATION COMMITTEE ALSO FACTORS IN THAT THE PRESIDENT/CEO OVERSEES THE MANAGEMENT OF THREE LOW-INCOME HOUSING TAX CREDIT PARTNERSHIPS IN ADDITION TO THE ACTIVITIES OF CROSSROADS RHODE ISLAND. THE COMPENSATION COMMITTEE DELEGATES TO THE PRESIDENT THE GOAL SETTING, EVALUATION, AND ANY SALARY RECOMMENDATIONS FOR THE KEY EXECUTIVES/OFFICERS OF THE ORGANIZATION AND WILL HAVE THE RESPONSIBILITY OF REVIEWING AND APPROVING THESE SALARY ACTIONS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. 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