Providence Northstar Housing Development Fund Corporation

“The Organization is managed by Providence Housing Development Corporation, the supported organization.”

“Providence Housing Development Corporation is the sole member of the Organization.”

“Providence Housing Development Corporation has the right to appoint members of the Organization's Board of Directors.”

“There are no other committees besides the full board.”

“The draft 990 report was sent electronically to all board members. Responses were received and evaluated if there were questions prior to filing the report.”

“Employee compliance with the conflict of interest policy is reviewed annually with all employees of the parent corporation at a general meeting. Each employee signs a form to reaffirm his/her understanding of the policy. Board members are asked to acknowledge their compliance annually with forms returned to the Secretary of the Board rather than management.”

“Providence Northstar Housing Development Fund Corporation does not have any direct compensation expense since all employees are officially employed by the parent company, Providence Housing Development Corporation. The wages and benefits of all top management employees are determined by the board of the parent company, Providence Housing Development Corporation. The process includes independent review, comparability data, and deliberation by the board.”

“All documents will be made available for public inspection based on the requirements of applicable law.”

“Contracted Administrative Services: Program service expenses 14,733. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,733. Audit Fees: Program service expenses 0. Management and general expenses 1,250. Fundraising expenses 0. Total expenses 1,250.”