Plainfield Community Development Corporation

“Copies of the completed form 990 (including required schedules) are reviewed by the executive director and also with the board of diretors prior to submission.”

“All officers and directors annually sign a written statement certifying that no conflict of interest exist. The policy requires any director or officer to abstain from voting on all matters where a direct or indirect conflict of interest may exist.”

“Currently, ceo and executive director salaries are paid by the plainfield housing authority, an affiliate organization. Their salaries are reviewed and approved by a separate board of commissioners.”

“The organization's governing documents, policies and procedures, financial statements and tax filings are made available to the general public based upon request. Request can be made during the organization's normal hours of business operations.”

“The plainfield community development corporation (pcdc) is an affiliate of the housing authority of plainfield working in conjunction with the city of plainfield to improve neighborhoods for local residents. Pcdc focuses on the development and rehabilitation of quality housing for the improvement of family lives in urban communities.”

“Provide quality affordable housing for moderate and low income families living in the city of plainfield and surrounding urban areas. Income limitations and definitions established by hud guidelines by county. A person is considered to be of low income only if he or she is a member of a household whose income would qualify as "very low income" under the section 8 housing assistance payments program. Generally, these section 8 limits are based on 50% of area median. Similarly,moderate income relies on section 8 "lower income" limits, which are generally tied to 80% of area median. Provide homebuyer assistance in the purchase of property developed for moderate and low income families.”

“-2,429 assets held for sale included capitalized cost that should have been expenses. The total was 2,429. No other impact on the revenue and expenses or balance sheet.”