Nosotros Housing Development Fund Corporation

“Line 7b explanation - the finance committee reviews and approves the organization's compensation levels on an annual basis.”

“Line 10b explanation - the organization maintains the same board of directors as its affiliates. The board meets on a quarterly basis to discuss the status and policies of the affiliates, which are documented in the board minutes. The organization does not have any other formal written policies and procedures governing the activities of affiliates.”

“Line 11a explanation - the organization's 990 is reviewed and approved by both the controller and cfo and discussed with the audit & finance committee of the board before it is finalized and issued.”

“The organization sends out an annual questionnaire to the board members and staff.”

“The organization's process for determining compensation is performed by the finance committee, which reviews and approves compensation on an annual basis.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public, but certain information can be obtained upon request at the organization's offices.”

“Real estate tax: program service expenses 88,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 88,225. Security services: program service expenses 75,773. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,773. Supplies: program service expenses 68,682. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,682. Social services: program service expenses 58,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,000. Bad debts: program service expenses 26,408. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,408. Elevator expense: program service expenses 18,726. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,726. Miscellaneous: program service expenses 12,396. Management and general expenses 3,804. Fundraising expenses 0. Total expenses 16,200. Telephone: program service expenses 0. Management and general expenses 9,263. Fundraising expenses 0. Total expenses 9,263. Exterminating: program service expenses 9,174. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,174. Administration fees: program service expenses 0. Management and general expenses 2,628. Fundraising expenses 0. Total expenses 2,628.”

“The organization did not change its oversight process or selection process during the tax year.”