The Reinvestment Fund Inc

“The organization has engaged our independent accountants cohnreznick to prepare form 990 in accordance with our audited financial statements. The form 990 is then reviewed by management, the reinvestment fund, inc.'s audit committee (which is a sub-committee of the full board with fiscal and fiduciary oversight) and is made available to the full governing body, prior to the submission of the 990.”

“Currently a comprehensive conflict of interest questionnaire is distributed annually to all board and committee members, as well as to the executive team. The completed questionnaires are returned to the organization's corporate secretary. The completed questionnaires are reviewed and monitored by the corporate secretary, as well as outside counsel as deemed appropriate, and any potential conflicts are communicated to the organization's ceo, audit committee and board.”

“The compensation committee of the board of directors determines the compensation of the organization's ceo through a variety of sources, including competitor data and surveys. Additionally, every couple of years the organization engages the services of an independent consultant to provide an opinion on the reasonableness of the compensation plan for the ceo and senior management using comparative data and survey data. The opinion letter for the ceo and senior management compensation is sent directly to the chairman of the board. The organization had this service and opinion letter performed in 2024.”

“The organization makes its governing documents, conflict of interest statement, form(s) 1023, 990 & 990t and financial statements available for public inspection upon request for the same period of disclosure as set forth in section 6104(d). Availability is made through its offices at 1700 market street, 19th floor, philadelphia, pa 19103. The organization's financial statements are also available on the organization's website.”

“The organization offers promissory notes to the general public through a prospectus offering registered with the pennsylvania department of banking and securities. The terms and conditions of the promissory notes are set by the prospectus and are the same for everyone. The prospectus is available to the general public, including board members, officers and employees of the organization. At year end, voting board members and officers of the organization had loans outstanding under the prospectus. Based on guidance, provided from the irs, regarding debt offered on the same terms as offered to the general public, we have answered this question as "no and did not complete schedule l. As part of our promissory note program, our directors, officers, trustee, etc make up $149,153 of our promissory note program of $18,176,363. The organization issued $50,935,000 and $75,735,000 of bonds to pursuant to the terms of an indenture of trust dated april 1, 2017 and september 1, 2018, respectively. Neither the securities and exchange commission nor any state securities commission has approved or disapproved of the bonds. The terms and conditions of the bonds are set by the indenture and are the same for all bondholders. The bonds are available to the general public, including board members, officers and employeees of the organization. Trading and sales of the bonds are not reported to the organization and therefore the organization cannot claim knowledge of or report on the holdings of any individual or the reinvestment fund, inc. 23-2331946 institution as of any specific date. This includes the amount that may be held by voting board members and officers of the organization.”