Bailey-Holt House Housing Development Fund Corporation

“The organization operates under the whistleblower and document retention policies of its parent organization, housing works, inc.”

“Form 990, part iii, line 1 our services include housing, case management and other programs that strive to reduce hiv incidences, increase access to care and optimize health outcomes and reduce health disparities and homelessness. Acquisition on january 1, 2019, housing works, inc. Entered into a combination agreement with bailey house, inc. And bailey-holt house housing development fund corporation to become their sole member. The determination to acquire was predicated on the similarities in mission. Baily house and baily holt house provide coordinated community services and supportive housing to individuals in nyc living with hiv/aids. Number of employees and salaries and wages form 990, part v, line 2 and part ix, line 7 bailey holt house housing development fund corp does not have any employees or salary expenditures reported on form 990, part ix, lines 7 and 9 because employees of bailey house, inc., the parent organization, provide administrative services to bailey holt house housing development fund corp as part of their normal job function. Policies form 990, part vi, section a, lines 6 & 7 the organization has one member (the "member"), which is housing works, inc. The member shall exercise its membership rights and obligations through a majority of its board of directors and any meeting at which a quorum is present, or through an individual that the member's board of directors appoints to act as the member in accordance with instructions.”

“Form 990, part vi, section b, line 11 the organization's form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was made available to the board of directors for their review. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

“Form 990, part vi, section b, line 12 the organization operates under the conflict of interest policy of its parent organization, housing works, inc. Each officer, director, trustee and key employee of the organization is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the organization. Housing works, inc. Monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.”

“Form 990, part vi, section b, line 15 the organization does not provide any compensation to the individuals listed on part vii of the form 990. Compensation paid to these individuals is paid by related organizations, either housing works, inc. Or housing works health services iii, inc. The process used to determine the compensation of these individuals is reported on housing works, inc.'s form 990.”

“Form 990, part vi, section c, line 19 the taxpayer makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements are published on the organization's website. The governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. Hours part vii, column b bailey house, inc. And bailey holt house housing development fund corporation share the same board of directors. Form 990, part xi, line 9 other changes in net assets intercompany transfer from bailey house, inc. ($67,095)”

“The accounts of housing works, inc. And its affiliates are audited by an independent accountant and are consolidated for financial statement purposes. In addition, the organization as a whole meets the requirement of an audit as set forth in the single audit act and omb circular a-133. Each affiliate on its own may not meet the requirement but this question was answered yes on each affiliate as housing works, inc. And its affiliates on the whole met the requirement and obtained an audit according to the act.”