Affordable Housing Network Inc

“Ahni has a management agreement in place by which ahni pays a fee to four oaks family and children's services for administrative management.”

“Four oaks family and children's services is the sole member of ahni.”

“Four oaks, the sole member of ahni, has the power to appoint three directors, which are then confirmed by the ahni board.”

“Certain board actions are subject to member (four oaks) approval.”

“The outside tax preparer reviews the form 990 in draft form with the executive director, top financial official, and committee responsible for review of the form 990. All questions and concerns are addressed to full satisfaction before becoming final. The final form 990 is provided to the full board prior to filing with the irs.”

“The organization requires all officers, directors, and employees to sign a conflict of interest statement annually as well as report any duality of interest as soon as the interest occurs. When hiring independent contractors for major projects, the organization sends requests for proposal ("rfps.") for major recurring service contracts, rfps are done every 3-5 years or market rates are reviewed by management to ensure that the terms for renewing the contract are still at competitive market rates. Throughout the process, any interested board members and/or committee members must abstain from the discussion and the selection of a contractor. Where major conflicts exists, the board member will either resign as a board member or withdraw his/her firm from consideration for the contract. As an additional safeguard, management reviews vendor lists and board member lists annually.”

“Anne gruenewald, president/ceo (part-year), mary beth o'neill, president/ceo (part-year), steven schuring, top financial official, debbie craig, chief advocacy officer, kelli malone, chief program officer, and tami gillmore, coo, are compensated by four oaks family & children's services, a related tax-exempt entity that is the sole member of ahni. Kim eiler, executive director, is compensated by ahni, however her compensation is established by four oaks. In setting executive compensation, four oaks utilizes a compensation setting committee, an industry salary survey, and a market review and compensation comparison obtained every three years from an independent accounting firm. Four oaks retains documentation with regard to criteria used to arrive at compensation for officers. Ms. Gruenewald, ms. Gillmore, ms. Craig, ms. O'neill, ms. Malone & mr. Schuring do not receive additional compensation for the services they provide to ahni. Other officers and directors serving on the ahni board are uncompensated volunteers. Form 990, part vi, section b, line 10a and 10b: affordable housing network, inc. Manages several low income residential rental properties of affiliated entities pursuant to written management agreements. Any affiliated entities in which affordable housing network, inc. Has the prescribed amount of direct or indirect ownership or control are listed as related organizations on form 990, schedule r, as appropriate.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“Change in net assets attr. To noncontrolling interest in partnerships 394,410. Net loss in consolidated entities and intercompany b/s to i/s elimination -383,379.”