Verland Commons

“All elections of the corporation's board, except that of the director(s) that satisfies the community representation requirement of section 811(k)(6)(c) of the national affordable housing act (the "community representative director") shall be the affirmative vote of the majority of the directors of verland cla, a pennsylvania nonprofit corporation and a public charity exempt from taxation under section 501(c)(3) of the code, at its annual meeting. Election of the community representative director shall be at the conclusion of the applicable annual meeting of the board and shall be by the affirmative vote of a majority of the members of the board (excluding those elected directors whose terms expire that year).”

“After approval of the audit and finance committee, the form 990 is distributed to each board member for review. Formal approval of the form 990 is conducted by the board members prior to the irs filing.”

“Verland has a competitive bid policy for the purchase of significant goods and services (greater than $5,000). It is the policy of verland and affiliates that board members recuse themselves from any votes that may represent a conflict of interest.”

“Documents are available upon request at the corporate office: verland commons, 212 iris road, sewickley, pa 15143. Documents are also available through online services such as www.guidestar.org.”

“Verland commons reports salaries and wages expense on the statement of functional expenses however, did not file 2022 w-2 forms for employees. Verland commons has shared employee expenses with their controlling entity, verland cla (ein: 23-2250268). Verland cla reports and files all required federal employment tax returns.”