East Chinatown Housing Development Fund Company Inc.

“Asian americans for equality, inc. ("aafe") is the sole member of the organization.”

“Asian americans for equality, inc., the sole member of the organization, has the right to appoint a majority of the organization's board of directors.”

“The following corporate actions may not be taken without the approval of the members: (a) a majority of the votes cast at a meeting of the members is required for (1) any amendment of or change to the certificate of incorporation or (2) a petition for judicial dissolution; (b) two-thirds of the votes cast at a meeting of the members is required for (1) disposing of all, or substantially all, of the assets of the corporation, (2) approval of a plan of merger, (3) authorization of a plan of non-judicial dissolution, or (4) revocation of a voluntary dissolution proceeding. Provided, however, that the affirmative votes cast in favor of any such action shall be at least equal to the minimum number of votes necessary to constitute a quorum. Further, the members can also remove any director any time with or without cause by a vote.”

“At least 14 days prior to filing, the organization distributes a draft form 990 to the board for review. Ten days are allowed for feedback, through the board treasurer, before form 990 is finalized and filed. A copy of the filed form 990 is provided to the board for their records.”

“Directors and officers are issued with a copy of the organization's current conflict of interest (coi) policy upon appointment, and annually thereafter. Directors and officers complete annual declarations to either confirm no conflicts, or identify possible and/or actual conflicts.”

“The organization relied on asian americans for equality, inc. ("aafe"), a related organization, that used the following to establish the president's (executive director of aafe) compensation: the board of directors reviews the executive director's(ed) salary annually and approves any changes. The review takes into account the ed's performance, community conditions, comparisons between similar types of positions, national trends, and aafe's financial position.”

“Governing documents, conflict of interest policy and financial statements are available to the public by request to any board member or officer. These documents are maintained at the organization's registered office.”

“The organization started operations on july 1, 2010 and followed its parent organization, asian american for equality, inc., on the process of overseeing the audit and selection of independent accountant.”