Citywide Supportive Housing Development Fund Corporation

“Line 11b explanation - the board of directors hold an annual meeting in which the outside auditors conduct a presentation and explanation of the certified audited financial statements, as well as a discussion of internal controls. After the audit is accepted by the board, management and the auditors prepare the form 990. A copy of the form is sent to each board member by email before it is filed, and they have the opportunity to comment within a specified timeframe.”

“Citywide supportive hdfc (hereinafter cshdfc) and all persons either elected or appointed to a cshdfc office (including, but not limited to, any board officers, directors and committee members) shall conscientiously avoid any situations and activities where their personal interests could conflict, or appear to conflict, with the interests of cshdfc. A conflict of interest is any opportunity for personal gain in dealing with or on behalf of cshdfc apart from nominal reimbursement of expenses according to cshdfc policy. In the event that any officer, director or committee member of cshdfc shall have any direct or indirect interest in, or relationship with, any individual or organization which proposes to work with, or transact any business with cshdfc, such person shall give notice of such interest or relationship to the board and shall thereafter refrain from discussing or voting on the particular transaction in which she or he has an interest, or otherwise attempting to exert any influence on cshdfc to affect a decision whether to participate in such transaction. The conflict of interest policy (policy) as enumerated herein applies to any board officer, director or committee member of cshdfc as well as any immediate family member thereof. Cshdfc will disclose the policy to candidates for the board and will obtain re-affirmation of the policy from existing members of the board or committees annually. Failure to comply with the policy may be grounds for removal from the board and/or committees.”

“There are no employees, and when and if there are, a process will be developed for this.”

“The organization makes all governance documents, tax returns and financial statements available to the public upon written request. Also, the organization timely files its annual report (nys char 500) with the new york state attorney general's (nysoag) office. The nysoag posts the annual report together with the organization's federal form 990 and its audited financial statements on the charities bureau website.”