Christian Herald Housing Development Fund Corporation

“The Form 990 is prepared by an independent CPA firm. It is reviewed in detail and approved by the CFO and Chairman as well as the Finance and Audit Committee prior to filing. A draft is also provided to the full Board for review prior to filing.”

“On a yearly basis, the Board of Directors reviews the conflict of interest policy and approves any necessary revisions. Directors, officers, and key employees are then required to review the updated conflict of interest policy, and disclose any known conflicts of interest. The CFO reviews the signed statements. Restrictions imposed on persons involved in transactions with potential conflicts include prohibiting them from participating in the Board or Committee deliberations and/or approval of the transaction.”

“There are no officers compensated by the organization. Therefore, Lines 15a and 15b are answered no in accordance with the instructions.”

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

“Christian Herald Housing Development Fund Corporation (CHHDFC) has a contract with the New York City Department of Homeless Services to operate a 77-bed facility, The Bowery Mission Transitional Center, at 45-51 Avenue D in Manhattan. CHHDFC is related to Christian Herald Association (CHA), doing business as The Bowery Mission, which has served New Yorkers in need since 1879. CHHDFC and CHA share the goal of being the most effective provider of compassionate care and life transformation for hurting people in New York City. While City-provided public funds are strictly withheld from any faith-based activity, those organizations' faith-based approach to the worst social problems of the city has been their foundation of success for 133 years. Neither CHA nor CHHDFC has ever affiliated with a particular church or denomination, and services are provided to all regardless of their beliefs. Our vision is clear: We are called to minister in New York City to men, women, and children caught in cycles of poverty, hopelessness, and dependencies on many kinds, and to see their lives transformed to hope, joy, lasting productivity, and eternal life through the power of Jesus Christ.”

“A professional employment organization [PEO] files all payroll information returns as required by the IRS. As such, due to payroll agent reporting rules as included in the IRS instructions, the number of employees reported represent the number of employees who work for the filing organization but are compensated by the PEO.”

“Change in liability for post-retirement benefits -99,310.”

“The organization's Finance Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”