Housing Partnership Development 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. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return, it is filed with the internal revenue service.”

“The conflict of interest policy is distributed to all board members, directors, officers, and senior staff. Annually, it is reviewed and discussed. It must be signed, listing any terms that could be a conflict and returned to the general counsel. Those with conflicts are asked to recuse themselves from any decisions relating to the conflicting interest.”

“The compensation committee is comprised of three members of the board of directors who determine and approve the officers' salaries when it is proposed by the ceo. The ceo's compensation increases are proposed by the compensation committee, which is headed by the board's chairman. Compensation is determined through analysis of similar positions and non-profits. The compensation committee meets once a year to consider merit increases. This process was last undertaken in 2021 and documented in the board minutes.”

“The organization's form 990 is 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, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this coemployment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.”