Housing Works 2605-2609 Pitkin Housing Development Fund

“form 990, part VI, section A Line 6 & 7A - The organization has one member (the "Member"), which is Housing Works, Inc. The member shall exercise its membership rights and obligations through a majority of its board of directors and any meeting at which a quorum is present, or through an individual that the member's board of directors appoints to act as the member in accordance with its instructions. form 990, part VI, section b Line 11 - THE ORGANIZATION'S FORM 990 WAS PREPARED BY an independent ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. Line 12 - THE ORGANIZATION OPERATES UNDER THE CONFLICT OF INTEREST POLICY OF ITS PARENT ORGANIZATION, HOUSING WORKS, INC. EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE ORGANIZATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE ORGANIZATION. HOUSING WORKS, INC. MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. Line 13 and 14 - THE ORGANIZATION OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES OF ITS PARENT ORGANIZATION, HOUSING WORKS, INC. Line 15 - THE ORGANIZATION DOES NOT PROVIDE ANY COMPENSATION TO THE INDIVIDUALS LISTED ON PART VII OF THE FORM 990. ALL COMPENSATION PAID TO these INDIVIDUALS IS PAID BY RELATED ORGANIZATIONs, HOUSING WORKS, INC. and Housing Works Health Services III, Inc. THE PROCESS USED TO DETERMINE THE COMPENSATION OF THESE INDIVIDUALS IS REPORTED ON Housing Works, Inc.'S FORM 990.”

“form 990, part VI, section c Line 19 - The organization makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements are published on the organization's website. The governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. Other Salaries and Wages Form 990, Part V, Line 2 and Part IX, Line 7 All employees providing services to Housing Works Pitkin Avenue receive their Form W-2 from Housing Works, Inc., the parent organization, except for the chief operating officer, who receives his W-2 from Housing Works, Inc. and Housing Works Health Services III, Inc. The amounts reported on Form 990, Part IX, Lines 7 and 9 include an allocation of salary expenditures from the parent organization to Housing Works Pitkin Avenue.”

“The accounts of Housing Works Inc. and its affiliates are audited by an independent accountant and are consolidated for financial statement purposes. In addition, the organization as a whole meets the requirement of an audit as set forth in the Single Audit Act and OMB Circular A-133. Each affiliate on its own may not meet the requirement but this question was answered Yes on each affiliate as Housing Works Inc. and Its Affiliates on the whole met the requirement and obtained an audit according to the Act.”