National Community Reinvestment Coali-

“The return is prepared by an outside accountant. The return is reviewed by board members prior to filing the return with the irs.”

“Officers and directors sign the conflict interest statement annually and if the board determines that an individual deemed to have a conflict of interest, the individual will recuse himself or herself. After disclosure of the interest, the interested person may not participate in consideration of the proposed transaction or arrangement, shall not vote on such transaction or arrangement, and shall not be present for the consideration of or vote on such transaction unless the board requests information or interpretation from the interested person. The board shall then determine {or refer to: a} the chairman of the board of directors; or b} the board, for a determination of whether the transaction or arrangement is in the corporation's best interests and is fair and reasonable to the corporation and shall make a decision whether to enter into the transaction or arrangement in accordance with such determination. Such determination shall be made by a vote sufficient for such purpose without counting the vote of any interested person. In determining whether the transaction or arrangement is in the corporation's best interests, there shall be a review of available information regarding the cost or benefit of comparable transactions or arrangements, if any {and may investigate whether the corporation should and is able to obtain with reasonable efforts a more advantageous transaction or arrangement that would not give rise to an interest.} a disinterested person or committee may be appointed to investigate alternatives to the proposed transaction or arrangement. Interested directors may be counted in determining the presence of a quorum at a meeting , which authorizes such a transaction or arrangement. The minutes of the board considering the interest of an interested person shall contain the names of interested person(s} who disclosed or otherwise were found to have an interest, nature of the interest, the determination of the transaction, and the names of the individuals present for the discussion and deliberation.”

“The organization makes its form 990 available upon request.”

“Processing and underwriting fees: program service expenses 13,656. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,656. Bank service charges: program service expenses 0. Management and general expenses 5,653. Fundraising expenses 0. Total expenses 5,653. Professional services: program service expenses 558,816. Management and general expenses 643,446. Fundraising expenses 0. Total expenses 1,202,262.”

“No procedure has been changed since last year.”