Athens Homeless Property

“The ceo reviews and signs the federal 990 prior to filing the return.”

“The board regulary has the following procedures for addressing conflicts of interest: a. 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 the vote on, the transaction or arrangement involving the possible conflict of interest. B. The chairman of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producting a conflict of interest, the governing board or committee shall determine by majority vote of the disinterested directors whether the transcation or arrangement is in the organization'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 agreement. If the board finds any contract or transaction to be in violation of the conflict of interest policy they may take the following actions: a. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts or interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alledged failure to disclose. B. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The board of directors determines and votes of the compensation amounts for any top official and any persons they see necessary or desirable to employ for the administration and management of the organization after discussion and review of comparability data. A. A voting member of the governing board who receives compensation, directly or indirectly, from the organization for services is precluded from voting on matters pertaining to that member's compensation. B. A voting member of any committee whose jurisdication includes compensation matters and who receives compensation directly or indirectly, from the the organization for services is precluded from voting on matters pertaining to that member's compesation. C. No voting member of the goverment board or any committee whose jurisdication includes compensation matters and who receives compensation, directly or indirectly, from the organization, either individually or collectively, is prohibited from providing information to any committee regarding compensation. D. No member of the board of directors shall be compensated for his or her service as a member of the board but shall be entitled to reimbursement for expenses reasonably incurrede in the performance of duties as a member of the board.”

“The board of directors determines and votes of the compensation amounts for any top official and any persons they see necessary or desirable to employ for the administration and management of the organization after discussion and review of comparability data.”

“UPON REQUEST”

“Ahpc was formed to acquire property and make it available exclusively to 501(c)3 organizations assisting in the plight of the homeless in the athens, ga area. The homeless providers will include local shelters, food banks, and health clinics. Ahpc will further its exempt purpose by constructing and retaining funds to acquire, construct or operate facilities for organizations assisting the homeless.”

“Book / tax depreciation difference 3 difference in fmv and basis of donated property -478,267 total -478,264”