Institute for Community Economics Inc

“Some of the officers for national housing trust are also the officers for the national housing trust community development fund, the institute for community economics, and nht communities. The national housing trust board of directors appoints the board members for nhtcdf, ice, and nhtc. The ice board members have governance responsibilities independent from those of the nht board of directors.”

“The form 990 is reviewed by members of the audit and finance committee”

“Each board member must sign the conflict of interest declaration upon joining the board and signs a new declaration every june. Copies of the signed declarations are saved with other documents related to corporate policies and procedures.”

“Compensation for the executive director/ceo is determined by the nht board of directors and is reviewed every year by the board's executive committee as per the executive compensation policy. They obtain research and compensation information that assists in determining the salary, such as independent salary and benefit compensation studies, written job offers for positions at similar organizations, documented phone calls about similar positions in other non-profit and for-profit organizations, and/or information obtained from the form 990 filings of similar organizations. To approve the compensation, the board must document how it reached its decision and that data in which it relied in the meeting minutes the executive committee of the nht board also evaluates the performance of the ceo annually. All other officers and staff's salaries are determined by the ceo. Each staff member receives an annual review to assess performance and sets goals.”

“The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours upon request.”

“National housing trust ("nht") (ein 52-1477599) acts as a common paymaster to the organization. In accordance with the irs instructions those compensation amounts paid by nht are reflected in part vii section b, column (d).”

“This 990 is being prepared with the best available information at the time. Upon completion of the audit, if there are any significant changes, appropriate action will be taken.”

“Management services: program service expenses 945,873. Management and general expenses 151,807. Fundraising expenses 70,065. Total expenses 1,167,745. Loan fees: program service expenses 32,866. Management and general expenses 5,275. Fundraising expenses 2,434. Total expenses 40,575.”