Troutman-Evergreen Housing Development Fund Company Inc.

“The company has entered into a property management agreement with an affiliated company, community property management inc., which provides for rental management, repairs and supervision. Property management fee expense for the year ended december 31, 2015 was $56,336. No board members were compensated by the management company.”

“Troutman evergreen hdfc does not have any committee that can act on behalf of the governing body.”

“Before the prepared form 990 was filed, it is made available electronically to every member of the board to review and was discussed with management at a meeting of the board of directors.”

“Annually and upon first joining troutman evergreen hdfc, each director, officer and employee is provided with a copy of troutman evergreen's conflict of interest policy. The policy requires such individual to sign an annual disclosure form of any interest that could give rise to a conflict. Directors, officers and key employees are required to sign a more comprehensive disclosure form than are employees. The policy and disclosure form are distributed and collected by the hr department and submitted to the compliance officer for review. All potential conflicts are reported to the compliance officer who reports directly to the board of directors. Potential conflicts of interest involving directors are reported to the full board of directors. A director involved, directly or indirectly, in an actual or potential conflict of interest transaction may not participate in any discussion of the relevant transaction.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“Payroll services: program service expenses 0. Management and general expenses 17,803. Fundraising expenses 0. Total expenses 17,803. Security: program service expenses 127,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 127,500.”