Seton Village Housing Corp

“The membership of the corporation shall consist of one class of members who must be members of the sisters of charity. The members of the corporation shall number not fewer than seven and no more than fifteen.”

“The board of directors shall consist of not less than seven nor more than fifteen directors. Directors are appointed to the board by the members.”

“Action by vote of at least two-thirds of the whole number of the members shall be required for; 1) amendment of the by-laws; 2) amendment of the corporation's charter or certificate of incorporation; 3) change the general character of the operation of the corporation; 4) purchase, sale, mortgage or lease of real property; 5) to merge or consolidate the corporation; 6) to disolve the corporation; 7) approval of borrowings in excess of $100,000.”

“On an annual basis, the board of directors are required to approve the federal form 990 before it is filed, but after it is reviewed with the outside independent auditor/accountant.”

“Annually the board of directors meet to ensure that there are no conflicts of interests among officers and board members.”

“No board members or officers receive any compensation.”

“All governing documents will be made available upon request. Also, the organization timely files it's annual report with the charities bureau of the new york state attorney general. The organization's federal 990 tax returns and the annual report are then posted by the charities bureau on the internet as part of the website of the nys office of attorney general.”

“The board of directors perform goverance and other services throughout the year for the entities listed in schedule r, part ii, for no compensation. The hours listed on page 7, part vii, section a, column b, are estimates of the average weekly combined hours worked on all of these entities.”