St Philips on the Park Housing Development Fund Corporation

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. The form 990 is reviewed by the board prior to filing with the internal revenue service.”

“The organization has a written conflict of interest policy that applies to all interested persons who are required to annually disclose interests that could give rise to conflict. The policy is consistently monitored and compliance is enforced. An interested person is any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, is an interested person. An interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The organization makes its form 1023, form 990, overning documents, conflict of interest policy, and financial statements available to the public upon request.”