Inglis Housing Corporation

“There shall be an executive committee of the corporation which shall consist of the officers of the corporation. This committee shall, whenever in its judgment it appears necessary, act for the corporation between meetings of the board of directors.”

“Inglis foundation, a pennsylvania non-profit corporation, is the sole member of the housing corporation.”

“Inglis foundation has all powers, rights and authority vested in voting members of housing corporation including the following: (a) the power to amend the corporation's articles of incorporation and bylaws, (b) the power to elect, appoint and remove directors and officers of the corporation, (c) the power to incur indebtedness, and (d) the power to sell or transfer its assets other than in the ordinary course of business.”

“Inglis foundation has the authority to take the actions set forth in the inglis foundation's bylaws with respect to the housing corporation and all entities it controls, in addition to all matters required by the pennsylvania nonprofit corporation law ("panpcl") or the corporation's articles of incorporation or by other provisions of these bylaws which require approval by inglis foundation. Any inconsistencies between these bylaws and those of inglis foundation shall be resolved in favor of the bylaws of inglis foundation.”

“The prepared 990 is initially reviewed by internal finance personnel. Once the form 990 is approved by management, the audit committee and each member of the board of directors receive copies to review prior to being filed with the irs.”

“All employees of inglis housing corporation must ensure that customer care and business activities are conducted in an objective manner and are not motivated by desire for personal or financial gain. All employees are required to disclose any actual or potential conflict of interest to his or her manager, human resources or the chief ethics and compliance officer for appropriate determination and resolution. In addition, all directors, officers, members of committees with board-delegated powers and all senior managers must complete a conflict of interest affirmation of compliance and disclosure statement upon hiring, on an annual basis, and when a potential conflict of interest arises. The foundation's committee on the board has responsibility for reviewing the disclosure statements and enforcing the policy. If a conflict is deemed to be present by the committee on the board, only disinterested board members may participate in a vote of the proposed transaction. Family and business relationships are expressly mentioned in the conflict of interest policy.”

“The parent organization, inglis foundation, retains an external firm to conduct market studies and make recommendations for compensation, taking into consideration fair market value for the industry. Non-union, non-executive roles are evaluated every 2-3 years based on market fluctuations or demand. Executive compensation is evaluated annually and the findings are presented to the "committee on the board" for approval of compensation package. The foundation's "committee on the board" is a subcommittee of the board that is responsible for compensation review, and the decisions regarding compensation are documented in committee meeting minutes. An annual benchmark is conducted for executive compensation and for any position that is in high demand, and an external firm provides overall trends for the year. Compensation has been reviewed in 2016.”

“The organization makes the governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Board meetings the inglis housing board has one meeting per year which lasts about 30-60 minutes.”