Uhab Housing Development Fund Corporation

“Urban homesteading assitance (uhab), inc. Is the sole member of the organization.”

“The sole member of the organization has the ability to appoint and remove board members.”

“The following corporate actions may not be taken without approval of the sole member: (a) any amendment of or change to the certificate of incorporation; (b) a petition for judicial dissolution; (c) disposing of all, or substantially all, of the assets of the corporation; (d) approval of a plan of merger; (e) authorization of a plan of non-judicial dissolution; or (f) revocation of a voluntary dissolution proceeding.”

“There are no committees in place that can act on behalf of the board.”

“Uhab housing development fund corporation has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. After the form 990 has been prepared and reviewed by management, it is filed with the internal revenue service. After its filing, the return is electronically sent to the board members of the organization for their review.”

“The conflict of interest policy is applicable to all directors, principal officers, employees, volunteers, and members of a committee with governing board delegated powers. Each individual must complete an annual disclosure statement, stating any actual or potential conflicts. Any conflicts that employees or volunteers have must be brought to the attention to the executive director for his review. Any conflicts from board members or officers must be brought to the board's attention for review. The individual with the conflict is excused from the discussion and vote on the conflict.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly.”