California Housing Consortium

“The Organizations Executive Director is responsible for the timely preparation of the Form 990. The Organizations Executive Director may confer with accountants and legal counsel of the Organization with respect to drafts of the Form 990.Copies of the completed Form 990 (including required schedules) will also be reviewed by the Organizations Treasurer.Any questions or concerns will be noted and addressed, and the Executive Director shall ensure that any appropriate changes are incorporated into the Form 990, which then shall be signed by the Executive Director or other authorized officer of the Organization.Filing of Form 990 (with prior distribution to the governing body).The Form 990 shall then be filed with the IRS on a timely basis; provided, if management considers it feasible and appropriate under the circumstances, it will distribute the final version of the Form 990 (with required schedules) to every voting member of the organizations Board of Directors prior to filing with the Internal Revenue Service. The final form may be distributed either in paper or electronic form in any manner deemed appropriate by the Organizations Treasurer.”

“the Directors of the California Housing Consortium resolve that no member of the Board of Directors shall participate in any discussion or vote on any matter in which he or she or a member of his or her immediate family has potential conflict of interest due to having material economic involvement regarding the matter being discussed. When such a situation presents itself, the director must announce his or her potential conflict, disqualify himself or herself, and be excused from the meeting until discussion is over on the matter involved. The President of the meeting is expected to make inquiry if such conflict appears to exist and the board member has not made it known."”

“California Housing Consortium's policy requires the analysis of compensation of key employees, including Executive Director, on at least an annual basis. The salaries shall be compared to budget size, job description and demands, and other factors. Based on the analysis, the Board shall conclude on whether each key employee's compensation is appropriate. Such analysis shall be documented and filed in the Corporation's records.”

“California Housing Consortium's policy requires the analysis of compensation of key employees, including Executive Director, on at least an annual basis. The salaries shall be compared to budget size, job description and demands, and other factors. Based on the analysis, the Board shall conclude on whether each key employee's compensation is appropriate. Such analysis shall be documented and filed in the Corporation's records.”

“Governing documents, conflict of interest policy and financial statements are made available to the public in office upon request.”

“Continued from part iii, line 1 3) sustainable programs that link housing to community economic development and self-sufficiency for lower-income households.”