White Plains Housing Development Fund Company Inc.

“During the fiscal year ended august 31, 2023 the organization used the services ofhousing action council, inc., to outsource the recordkeeping, accounting and programactivities of the organization. The board is actively involved in the operation ofthe organization, but the housing action council provided administration directed bythe board. In february 2023, the services of housing action council were no longerrequired as shore/icare took over the performance of all required administrativeduties and responsibilities.”

“THE ORGANIZATION WAS FORMED UNDER THE NEW YORK STATE PRIVATE HOUSINGFINANCE LAW TO DEVELOP AND OPERATE A SPECIFIC NEW YORK STATE FUNDEDHOMELESS HOUSING PROJECT IN WHITE PLAINS, NEW YORK. THE ORGANIZATION WASSPONSORED BY SHELTERING THE HOMELESS IS OUR RESPONSIBILITY, INC., ANOT-FOR-PROFIT ORGANIZATON ENGAGED IN PROVIDING AFFORDABLE HOUSING BYBRINGING TOGETHER GOVERNMENTAL AND PRIVATE FINANCING. SHELTERING THEHOMELESS is our responsibility/Interfaith Council for Affordable Residence, Inc. IS THE SOLE MEMBER AND WITH WHITE PLAINS HOUSING DEVELOPMENT FUNDCORP., JOINTLY WERE RESPONSIBLE FOR FINANCING AND COMPLETING THE PROJECT INACCORDANCE WITH THE TERMS OF VARIOUS GRANT AGREEMENTS ENTERED INTO BY BOTHENTITIES, AND REQUIRES THE OPERATION OF THE CONSTRUCTED PROPERTY ASHOMELESS HOUSING FOR A PERIOD OF 25-YEARS.”

“As the sole member shore/icare, elects the board of directors of white plains housing development fund corp.”

“Shore/icare, a 501(c)(3)organization, as the sole member has the power to appoint the directors of the board for white plains hdfc and to direct the actions of the board and must approve any changes in white plains hdfc's by-laws.”

“THE FINANCIAL STATEMENTS AND FORM 990 DRAFTS WERE PRESENTED TO THE finance committee BY THE AUDITOR AND TAX PREPARER. THE finance committee REVIEWED THE DRAFTS AND MADEINQUIRES AND COMMENTS THE TAX PREPARER MADE THE APPROPRIATE CHANGES ANDPRESENTED THE RETURNS TO THE ORGANIZATION FOR SIGNING BY THE OFFICERS. THEfinance committee REPORTED ON THE FINANCIAL STATEMENTS, TAX FILINGS AND MADECOPIES 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 INTERST 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.”

“The compensation for executive director is determined based on a comparison vs.other similarly sized and/or functional organizations in the sector, forms 990 ofother organizations and compensations surveys along with the governancecommittee input and ultimate determination by the board of directors.”

“Tax filings and corporate information are made available upon request and are held at the organization's office.”

“THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND ARE HELD AT THE organization'S OFFICES.”

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