White Plains Housing Development Fund Company Inc.

“White plains housing development fund company, inc.("wphdfc") uses the services of housing action council, inc. ("hac"), a non-profit organization specializing in developing private/public partnerships in providing housing in westchester county, new york. Hac provides recordkeeping, accounting and program activities. Hac provides administration service as directed by the board of directors of wphdfc.”

“The organization does not utilize committees of the board.”

“The financial statements and form 990 drafts were presented to the board by the auditor and tax preparer. The board reviewed the drafts and made inquires and comments the tax preparer made the appropriate changes and presented the returns to the organization for signing by the officers. The managing agent reported on the financial statements, tax filings and made copies available by e-mail to the other board members.”

“New board members are required to complete a conflict of interest questionnaire and also to disclose any conflicts to the president of the board. At each year's organization meeting the board members are required to review their conflict of interest statements and update during the year. If there is a change of circumstances or a new matter arises that affects a director's independence, the director is required to review the matter with the president of the board for possible referral to the entire board for review and determination if a conflict exists and what governance action should be taken.”

“Tax filings and corporate information are made available upon request and are held at the managing agent's offices.”

“The organizations governing documents, conflict of interest policy and financial statements are made available upon request and are held at the managing agent's offices.”

“The board assumes responsibility for oversight of the audit and meets annually with the independent auditors. The form 990 review and approval processes have not changed from prior year.”