Manchester Neighborhood Housing Services Inc

“The Board of Directors of the Corporation shall comprise the members for legal purposes.”

“An annual meeting of the Board of Directors of the Corporation, at which the Board of Directors shall elect persons to serve on the Board of Directors shall be held each year within 30 days of the fiscal year end or at such time as the Board of Directors shall designate. Vacancies in the Board of Directors, howsoever existing or arising, shall be filled by the affirmative vote of the majority of all remaining Directors then in office. The Board of Directors and the Nominating Committee shall act in order to assure that no vacancy exists for more than sixty (60) calendar days.”

“A draft of IRS Form 990 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.”

“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.”

“Executive Director compensation is determined by an executive committee with the use of a compensation survey. All other officer's compensation is reviewed annually and increases in pay and/or bonuses are done based on performance and board approved operating budget.”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“Section 1.263(a)-3(n) Election: Manchester Neighborhood Housing Services, Inc. PO Box 3968, Manchester, NH 03105 EIN 02-0455301 Manchester Neighborhood Housing Services, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”