The Neighborhood Developers Inc.

“Changes to tnd's bylaws are made by the board of directors and subject to the approval of the members.”

“Tnd has members who may elect members of the governing body.”

“Management provides a draft of the tax return to the board of directors of the organization for review. All desired changes are communicated to the auditor and considered for compliance with relevant tax laws prior to being applied and the tax return being filed.”

“The conflict of interest policy is reviewed with the board each year and the board signs off. Any new contracts are reviewed with the conflict of interest in mind. If any potential conflict arises it is reported to the board for discussion and review. In order to avoid the review process, any potential contracts that may present this problem are typically not seriously considered.”

“A written evaluation/review of the executive director is prepared by each of the board members and presented to the executive committee. The executive committee processes and assesses the evaluations and provides a recommendation on compensation to the board. The board makes the ultimate decision as to compensation by a full vote. The recommendation is based upon performance as well as salary and compensation data that is collected from other organizations involved in similar work and on a similar scale. The director of finance has an annual performance review as do all employees. The performance review is performed by the executive director. Several factors are taken into consideration, feedback and observations from the board and the finance committee. An increase in salary is given if warranted by job performance and if the economics of the organization and budget allow for it. The salary is compared with others in the industry and geographic area.”

“Governing documents and financial statements are available to the public upon request.”

“The finance committee reviews the 990 with the auditors. The board has voted unanimously to allow the finance committee to approve the 990.”

“Mission statement (continued)- since 2005, our housing has increased by 175% from 110 to 302 units with $86m invested in properties that affordably house low-income households and contribute to neighborhood vitality. In 2012, tnd and five partners launched connect as a one-stop financial opportunity center that now serves 4000 annually while our community engagement programming involves 1500-2000 individuals annually in community building and civic engagement programming.”

“Consulting and rental contract labor: program service expenses 340,081. Management and general expenses 43,536. Fundraising expenses 65,263. Total expenses 448,880. Contracted services: program service expenses 67,411. Management and general expenses 8,526. Fundraising expenses 3,201. Total expenses 79,138. Payroll processing: program service expenses 33,525. Management and general expenses 5,337. Fundraising expenses 2,797. Total expenses 41,659.”