Civic Intelligence

Cedar Tremont Housing Development Fund Corporation

EIN 13-3710038 • 501(c)3 • New York, NY

Pub. 78 Eligible990-N Coverage

Profile

to own, rehabilitate, and operate a housing project in Bronx, NY, providing permanent housing to low-income families who also meet other eligibility criteria.

463 SEVENTH AVENUE Suite 17 flNew York, NY 10018

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

2.44x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

40.83x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

6th percentile

-50%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$517,296

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 390.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$2,220,049

No earlier filing loaded for comparison.

Liabilities

$5,410,301

No earlier filing loaded for comparison.

Net Assets

-$3,190,252

No earlier filing loaded for comparison.

Revenue

$132,495

No earlier filing loaded for comparison.

Expenses

$198,499

No earlier filing loaded for comparison.

Net Income

-$66,004

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2024: $2,220,049Liabilities 2024: $5,410,301Net Assets 2024: -$3,190,2522024

Highlighted filing

2024

Assets$2,220,049
Liabilities$5,410,301
Net Assets-$3,190,252

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2024: $132,495Expenses 2024: $198,499Net Income 2024: -$66,0042024

Highlighted filing

2024

Revenue$132,495
Expenses$198,499
Net Income-$66,004

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.22$5.41$3.19$0.13$0.20$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$165,998
Mission and Program Overview

Mission

to own, rehabilitate, and operate a housing project in Bronx, NY, providing permanent housing to low-income families who also meet other eligibility criteria.

to own, rehabilitate, and operate a housing project in Bronx, NY, providing permanent housing to low- income families who also meet other eligibility criteria.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$1,553,725▲ $1,553,725
Savings and Temporary Cash Investments$0$127,576▲ $127,576
Accounts Receivable$0$122,538▲ $122,538
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$2,220,049▲ $2,220,049
Other Assets Total$0$416,210▲ $416,210
Liabilities
Other Liabilities$0$2,776,941▲ $2,776,941
Mortgage Notes Payable Secured by Investment Property$0$2,500,000▲ $2,500,000
Accounts Payable and Accrued Expenses$0$133,360▲ $133,360
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$5,410,301▲ $5,410,301
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$0$-3,190,252▼ $3,190,252
Total Net Assets Fund Balance$0$-3,190,252▼ $3,190,252
Total Liabilities and Net Assets / Fund Balance$0$2,220,049▲ $2,220,049

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$892,819$61,547$954,366
Buildings$504,806$439,093$943,899
Land$156,100-$156,100
Other Assets Org$27,498--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Perry J PerlmutterPresident & CEO
Douglas WalersteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$152,126
Investment Income
$-21,581
Other Revenue
$1,950
Change in Net Assets
$-66,004
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,499
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$45,522--$45,522
Depreciation Depletion$25,984--$25,984
All Other Expenses$9,039--$9,039
Fees for Services Accounting$7,095--$7,095
Insurance$5,395--$5,395
Other Expenses$3,478$9,127$0$3,478
Office Expenses$730--$730
Fees for Services Legal$647--$647
Total Functional Expenses$181,421$17,078$0$198,499
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$2,052,429
Deferred Interest Payable$702,167
Deposits$22,345
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

Services for the underserved, inc., a new york not-for-profit corporation, is the sole corporate member of cedar tremont housing development fund corporation.

FORM 990, PART VI, SECTION A, LINES 7A AND 7B:

Services for the underserved, inc., as the sole corporate member of cedar tremont housing development fund corporation, has the final approval of electing the board of directors for the organization and final voting rights on governing matters.

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 is prepared by a national accounting firm in conjunction with the organization's financial department. Draft form 990 is reviewed by the organization's management as well as the full board of directors before it is filed with the internal revenue service.

FORM 990, PART VI, SECTION B, LINE 12C:

Annually, all members of the board and the executive management team complete a conflict of interest questionnaire. The responses are reviewed and investigated by the agency compliance officer and if a conflict exists, the individual is required to recuse themselves from discussions and voting.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

The organization does not compensate any officer or key employee.

FORM 990, PART VI, SECTION C, LINE 19:

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

Filing and Contact Details

Filer

Filer Name
Cedar Tremont Housing Development Fund
EIN
13-3710038
In Care Of
% DOUGLAS WALERSTEIN
Phone
2126336900
Address
463 SEVENTH AVENUE Suite 17 fl, NEW YORK, NY 10018

Signing Officer

Name
Douglas WALERSTEIN
Title
CFO
Phone
2126336900
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas WALERSTEIN
Formed
1993
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA
Address
200 PARK AVENUE 38TH FLOOR, NEW YORK, NY 10166
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Assignment of building and mortgage payable from General Partner and Limited Partner on February 8, 2024 upon commencement of the low-income housing project 15-year supportive-housing syndication .......... $(3,155,904)

Financial Statement Notes

PART X, LINE 2:

Cedar Tremont Housing Development Fund Corporation must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will be sustained upon examination by a taxing authority. The organization does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed Internal Revenue Service (IRS) Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. The organization is subject to routine audits by a taxing authority. As of June 30, 2024, the organization was not subject to any examination by a taxing authority.

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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt011922
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0152126
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0152126
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011922
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011922
IRS990ScheduleA/InvestmentIncomeCYPct00.07182
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01950
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01950
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91643
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0152126
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0152126
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt0152126
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0165998
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0165998
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0504806
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0439093
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0943899
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0156100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0156100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0203588
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1185124
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt227498
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0892819
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061547
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0954366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02052429
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1702167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt222345
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Cedar Tremont Housing Development Fund Corporation must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will be sustained upon examination by a taxing authority. The organization does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed Internal Revenue Service (IRS) Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. The organization is subject to routine audits by a taxing authority. As of June 30, 2024, the organization was not subject to any examination by a taxing authority.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01553725
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0416210
IRS990ScheduleD/TotalLiabilityAmt02776941
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0454276
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1276013
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt038400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt123552
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024620
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PERRY J PERLMUTTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DOUGLAS WALERSTEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0517296
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1299565
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SERVICES FOR THE UNDERSERVED, INC. (EIN: 91-1918247), A 501(C)(3) AFFILIATE OF THE REPORTING ORGANIZATION, PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. SERVICES FOR THE UNDERSERVED, INC. HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE FOLLOWING EMPLOYEES OF THE ORGANIZATION ARE PARTICIPANTS IN A SECTION 457(F) PLAN. THE AMOUNTS EARNED BY EACH EMPLOYEE DURING THE YEAR ARE: PERRY J. PERLMUTTER...................$ 6,000
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I, LINE 3:
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE J, PART I, LINE 4B:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SERVICES FOR THE UNDERSERVED, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION, IS THE SOLE CORPORATE MEMBER OF CEDAR TREMONT HOUSING DEVELOPMENT FUND CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SERVICES FOR THE UNDERSERVED, INC., AS THE SOLE CORPORATE MEMBER OF CEDAR TREMONT HOUSING DEVELOPMENT FUND CORPORATION, HAS THE FINAL APPROVAL OF ELECTING THE BOARD OF DIRECTORS FOR THE ORGANIZATION AND FINAL VOTING RIGHTS ON GOVERNING MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY A NATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. DRAFT FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AS WELL AS THE FULL BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY, ALL MEMBERS OF THE BOARD AND THE EXECUTIVE MANAGEMENT TEAM COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE RESPONSES ARE REVIEWED AND INVESTIGATED BY THE AGENCY COMPLIANCE OFFICER AND IF A CONFLICT EXISTS, THE INDIVIDUAL IS REQUIRED TO RECUSE THEMSELVES FROM DISCUSSIONS AND VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR KEY EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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