Back of the Hill Community Development Corporation

“Minutes are maintained for Board meetings. There are no committees.”

“The Organization's Board serves also as the Affiliate's Board.”

“Form 990 was reviewed by the President prior to filing. The Form 990 will be provided to the Board at its next meeting.”

“The Board is aware of conflict of interest rules and complies with these rules without written policies.”

“There are no paid employees and the officers and directors are not compensated; accordingly, there are no procedures in place to determine or approve compensation.”

“Governing documents are available upon request. There are no financial statements prepared for the period and there are no written conflict of interest policies.”

“Operations management The organization is comprised of a small local group of concerned citizens (the Board) who provide local housing management services and oversee a community garden. The garden is available for the use of any local resident who wishes to use and plant in the plot assigned to him/her. The president oversees the operations of these services and received no compensation or other financial benefit for this volunteer service.”

“Relationship of Related Organizations The Organization, Back of the Hill Community Development Association, Inc. (CDA) and BOTH Development, Inc. (BOTH) were formed to address the housing needs of the area's low-income residents. The Officers of the organization, CDA and BOTH are identical. Two members of the CDA Board differ from the Organization and BOTH.”

“Transactions with a controlled entity within meaning of Section 512(b)(13) The organization controls BOTH Development Corp. which is a subsidiary of this organization as set forth in the group exemption. In the year ended September 30, 2014 there were no transactions between the entities; therefore, there is no information reported on Schedule R, Part V, Line 2.”

“Due to Back of the Hill Community Development Association, Inc. As of September 30, 2014, Back of the Hill Community Development Corp. (CDC) owes Back of the Hill Community Development Association, Inc. (CDA) $1,667,479. This obligation (net of payments attributable to CDA activities) arose from the receipt of payments by CDC which should have been made to CDA. CDC is in the process of repaying CDA for the funds received in error.”