Breaking Ground IV Housing Development Fund Corporation

“Enforcement of Conflict of interest policy The policy and annual disclosure forms are distributed to all board members, officers and management staff. Each individual is required to sign and review the disclosure form and provide information about any relationships they may have with Breaking Ground IV HDFC's other employees, and/or vendors that conduct business with Breaking Ground IV HDFC. Breaking Ground IV HDFC operates under the policy of its affiliate organization, Breaking Ground HDFC, Inc. All submissions are reviewed by Human Resources to determine if a conflict exists; when a conflict arises, the individuals affected are prohibited from participating in the decision-making process related to any transaction occurring with the conflicted organization. Form 990, Part VI, Section B, lines 13 & 14 Breaking Ground IV HDFC operates under the whistleblower and document retention policy of its affiliate organization, Breaking Ground HDFC, Inc.”

“Breaking Ground IV HDFC 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, 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. Form 990, Part IX Breaking Ground IV HDFC does not have its own employees or its own payroll. All employees providing services to Breaking Ground IV HDFC receive their W-2s from a related organization, Common Ground Management Corporation. Expenditures reported on Part IX, Lines 7, 8, 9 and 10 represent the portion of salary and benefits expenditures allocated to Breaking Ground IV HDFC based on services rendered to the organization. form 990, part xii breaking ground iv hdfc is included within the audited financial statements of its affiliated entity, Breaking Ground Housing Development Fund Corporation. breaking ground iv hdfc did not receive any federal awards, nevertheless, its affiliated entity did and thus the operations of breaking ground iv hdfc were included within the OMB Circular A-133 audit received by Breaking Ground Housing Development Fund Corporation.”

“SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BGC IV WAS FORMED FOR THE CHARITABLE PURPOSE OF OWNING, REHABILITATING, AND OPERATING A HOUSING PROJECT AT 197 BOWERY, NEW YORK CITY ("ANDREWS"). FORM 990, PART VI, SECTION B, LINE 11 Organization's process used to review form 990 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE DEPARTMENT. THE FORM HAS BEEN REVIEWED FOR COMPLETENESS AND ACCURACY REGARDING MISSION, PROGRAM ACTIVITIES, FINANCIALS AND GOVERNANCE BY MEMBERS OF THE CORPORATIONS MANAGEMENT. IT HAS ALSO BEEN DISCUSSED AND REVIEWED WITH THE BGI AUDIT CHAIR. THE FINAL VERSIONS WERE MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. DISCUSSION OF FORM 990 REQUIREMENTS, CONTENTS AND BOARD RESPONSIBILITIES OCCUR AT AN ANNUAL BOARD MEETING.”