Kim Wilson Housing Inc

“Wyandot, inc., a kansas nonprofit corporation, is the sole member of kim wilson housing. Wyandot, inc. Is designated as the sole member so long as wyandot, inc. Shall continue to qualify as a tax exempt, nonprofit entity recognized under section 501(c)(3) of the irc. Wyandot, inc. Has the right to elect the members of kim wilson housing's governing body. Wyandot, inc. Has the reserved power to approve significant decisions of kim wilson housing's governing body. Wyandot, inc. Is not entitled to receive a share of kim wilson housing's profits, excess dues or a share of kim wilson housing's net assets upon dissolution.”

“Wyandot inc, being the sole member of kim wilson housing, has the right to elect all the board of directors.”

“Kim wilson housing, inc.'s bylaws vest substantial decision-making authority in the company's board of directors (sec 3.01 of the bylaws). Because the sole member possesses the right to appoint the company's directors, it retains what amounts to an indirect control of or approval of the governing body's decisions. However, the board may directly act without the approval of the sole member.”

“An independent accounting firm prepares and reviews the 990. The organization's ceo, cfo and accounting staff then review the 990 and address any corrections or clarifications that need to be made. The final 990 with all required schedules is then provided to all voting members of the board prior to filing the return.”

“At the time of hire or election (in the case of directors) and annually thereafter, the officers, directors and key employees shall provide the applicable conflict of interest disclosures which shall be completed to identify any relationships, positions, or circumstances in which it is believed a conflict may arise. If a conflict arises, the officer, director or key employee abstains from the vote of the conflicted position. Annual monitoring and review procedure shall be part of the organization's compliance plan. An appropriate report shall be submitted to the executive committee concerning any interest disclosed.”

“15a: the executive director of kim wilson housing inc is an employee of wyandot inc and reports directly to the president/ceo of wyandot inc. The president/ceo of wyandot inc is responsible for the performance evaluation and salary increase, if any, of the kwh executive director. 15b: annual performance reviews are typically conducted in october for employees who were employed prior to jan 1 of that year. The executive director evaluates the performance of his direct reports. Within the framework of the overall amount budgeted for salary increases and cash flow projections being stable, he may elect to give his staff the same percentage of merit incrase that all satisfactory employees are entitled to.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Transfer from affiliate $ 150,178”