Hrca Brookline Housing 112-120 Centre Court Inc

“Hsl is the sole member of the organization.”

“The hsl board chair appoints the members of the board of directors with the advice and consent of the hsl board members.”

“Decisions involving major changes in organization, debt placement, sale of assets, etc. Are also subject to approval by hsl's board. Ultimately, governance of the corporation rests with the board of directors of the company's sole corporate member, hsl”

“Preparation of the Form 990 begins internally with HSL staff and Forvis Mazars preparing the form with information from HSL staff and the HSL audit. All forms 990 and 990-T of the affiliates of HSL (HSL is the sole corporate member of each affiliate) will be reviewed prior to filing by the audit & compliance committee of HSL. Subsequent to such review, and prior to filing, copies will be provided to the appropriate governing board of directors for each affiliate. The governing boards will have five days time in which to view the full returns prior to their filing.”

“The board of hrca brookline housing 112120 centre court, inc. Voted to adopt the hsl conflict of interest policy. Monitoring and dealing with potential or actual conflicts: individuals covered under the conflict of interest policy have an affirmative duty to disclose the existence or possibility of a conflict of interest and shall be given the opportunity to disclose all material facts to the hsl conflicts committee. The organization's conflict of interest policy provides that annually, each covered person shall sign a statement affirming that such person received a copy of the conflict of interest policy, read and understands the policy and agrees to comply with the policy. The signed statement affirms that the person understands hrca brookline housing 112120 centre court, inc. Is a charitable organization and that in order to maintain its taxexempt status, hrca brookline housing 112120 centre court, inc. Must engage in activities which accomplish one or more of its taxexempt purposes. Who is covered: the conflict of interest policy covers all directors, officers, members of committees with board delegated powers, persons serving in senior staff positions outlined in an exhibit attached to the conflict of interest policy, and any other person who is in a position to exercise substantial influence over the affairs of any of the organization or any of its affiliates. Level at which determinations of conflict are made and which actual conflicts are reviewed: the hsl conflicts committee is responsible for determining if a conflict of interest exists and evaluating whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a transaction that would not give rise to a conflict of interest. The conflicts committee reports its findings to the board of directors who are responsible for making a final determination on the conflict. Restrictions on conflicted persons: all covered persons are restricted from entering into a transaction without disclosing the actual or potential conflict to the hsl conflict committee and obtaining approval of the board of directors. Covered persons with a conflict must leave the room when transactions giving rise to the conflict are under discussion by the board of directors.”

“The organization's tax returns are available at www.guidestar.org. Governing documents are available at the commonwealth of massachusetts' website. The tax returns, conflict of interest policy, and financial statements are also available upon request at the offices of hsl at 1200 centre street, boston, ma 02131 or by telephone and email.”

“The compensation committee of the hsl board, with the assistance of data provided by an independent, expert consultant, has reviewed the president/ceo's total compensation and the compensation of all officers and key employees as well as highly compensated employees (>$150,000) of hsl and its affiliates. The full hsl board further reviewed and approved the compensation of the officers, key employees and highly compensated employees of hsl and its affiliates. A full market review and approval of compensation, following the procedures outlined above was last completed in 2018. Additonally the organization completed a walk through of senior leadership compensation with an independent, expert consultant, during 2019. All of these committee members are independent directors. Independent consultants were hired by the compensation committee and assisted with the compensation review. Documentation and records of compensation committee meetings are maintained with respect to deliberations and compensation decisions.”