Porter Avenue Housing Development Fund Corporation

“Harriet mcdonald is the president & ceo. John mcdonald is the evp of real estate operations of the doe fund, inc. John mcdonald is the step-son of harriet mcdonald.”

“The membership of the corporation consists of the doe fund, inc., and such other persons as shall be elected to membership by the existing membership of the corporation.”

“The membership of the corporation consists of the doe fund, inc., and such other persons as shall be elected to membership by the existing membership of the corporation.”

“The president and chief executive officer and chief financial and administrative officer reviews the irs form 990 for the organization. The tax preparers present the draft irs form 990 to the audit committee. After that, the chief financial and administrative officer shares a copy with the full board of directors prior to filing.”

“All board directors, officers and other senior executives must complete and sign a conflict of interest disclosure statement annually. This statement contains a series of questions designed to elicit the disclosure of any financial or other interests that may create a conflict of interest, as defined in the conflict of interest policy. The disclosure statement also includes a commitment by the signer to observe the conflict of interest policy. Once completed, the disclosure statement is given to the board secretary, who provides the audit committee chair with copies of any such statements that include the disclosure of potential conflicts of interest. As instructed in the conflict of interest policy, board directors, officers and other senior executives must disclose in writing any new potential conflicts that may arise during the year. The conflict of interest policy prescribes how the audit committee should address potential conflicts.”

“The company makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Financial statements are audited by an independent accountant: this organization shares a common board of directors with the doe fund, inc. And other related organizations. As such, the financial information of this organization is included in the combined financial statements of the doe fund, inc. And affiliates which are audited annually by an independent accountant. An audit committee assumes responsibility and oversight of the audit of the combined financial statements and selection of an independent accountant. The doe fund, inc. And affiliates received federal awards and was required to undergo an audit in accordance with the single audit act and the uniform guidance. The financial statements of the doe fund, inc. And affiliates were audited in accordance with these requirements. There has been no change in this process from the prior year.”