Alliance for Housing Progress

“The organization reviews the completed Form 990 for accuracy by comparing it to the organization's financial reports. The Form 990 is then presented to the Board of Directors for review and approval at a scheduled board meeting by its CEO.”

“Conflict of Interest Policy ARTICLE IX: CONFLICTS OF INTEREST Section 9.01 Purpose The purpose of this conflict of interest policy is to protect the interests of the Black Coalition for Housing when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer, director, or employee. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit organizations. Section 9.02 Definitions 1. Interested Person: Any director, principal officer, member of a committee with governing board-delegated powers, or employee who has a direct or indirect financial interest, as defined below. 2. Financial Interest: A person has a financial interest if the person has, directly or indirectly, through business, investment, or family: a) An ownership or investment interest in any entity with which the Organization has a transaction or arrangement, b) A compensation arrangement with the Organization or with any entity or individual with which the Organization has a transaction or arrangement, or c) A potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which the Organization is negotiating a transaction or arrangement. Section 9.03 Duty to Disclose An interested person must disclose the existence of the financial interest and all material facts to the Board of Directors or committee members considering the proposed transaction or arrangement. Section 9.04 Determining Whether a Conflict of Interest Exists After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the Board of Directors or designated committee shall decide if a conflict of interest exists. The interested person shall leave the meeting during the discussion and vote on the determination. Section 9.05 Procedures for Addressing the Conflict of Interest a) An interested person may make a presentation but must leave the meeting during the discussion and vote on the transaction or arrangement. b) If appropriate, the Board or committee may appoint a disinterested person or committee to investigate alternatives. c) If no alternative is more advantageous, the Board or committee may approve the transaction by a majority vote of disinterested directors, ensuring it is fair, reasonable, and in the Organization's best interest. Section 9.06 Record-Keeping Requirements The minutes of the Board and committees shall contain: a) Names of persons who disclosed financial interests, the nature of the financial interest, and any action taken to determine whether a conflict of interest existed. b) Names of those present during discussions and votes relating to the transaction or arrangement. c) Content of discussions, including alternatives, and the vote. Section 9.07 Violations of the Conflicts of Interest Policy a) If the Board has reasonable cause to believe a member failed to disclose an actual or possible conflict of interest, it shall inform the member and allow them to explain. b) If the Board determines that the member failed to disclose, appropriate corrective action shall be taken. Section 9.08 Annual Statements Each director, principal officer, and member of a committee with governing board-delegated powers shall annually sign a statement that affirms such person: a) Has received a copy of the conflict of interest policy, b) Has read and understands the policy, c) Has agreed to comply with the policy, and d) Understands the Organization is charitable and must engage primarily in activities that accomplish its tax-exempt purposes.”

“Yes, the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Requests for these documents can be submitted to the organization by contacting to its CEO, Email Id: [email protected]”