Hill Community Development Corporation

“The board receives a copy of the final form 990 for their review before it is filed.”

“An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint disinterested person or committee to investigate alternatives to the proposed transaction or arrangement after exercising due diligence. The governing board or committee shall determine whether hcdc can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under the circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in hcdc's best interest, for its own benefit, and whether it is fair and reasonable in conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“AVAILABLE UPON REQUEST”

“The process of reviewing and filing the form 990 has not changed from prior year.”

“Amounts on the statement of revenue, balance sheet, and schedule a have been restated to reflect and ensure consistency with updated information from the organization's audited financial statements. Specifically, other revenue, accounts payable, loan balances, and net assets without restrictions have been revised from the original form 990 filed to properly report accumulated interest.”