Lafayette Neighborhood Housing Services Inc

“Line 16b -- the organization pays 50% of the expenses in a joint venture - stentz/lnhs llc each year. This entity is a non-income producing entity and merely holds title to a parking lot. While there are no specific written policies/procedures for stentz/lnhs llc, the organization's exempt status is protected by the governance structure and approval policies governing all transactions and affairs of the exempt entity including transactions, policies, and procedures for this joint venture.”

“The initial members shall be designated by the inital board of directors. Any other person who is eligible for membership in the corporation may become a member upon filing an application with the corporation indicating such person's desire to become a member. All action upon membership applications shall be taken by the board of directors of the corporation.”

“The corporation shall have one classification of members and each member shall be entitled to one vote on each matter submitted to a vote of the members, except as otherwise provided by law.”

“The organization's executive director reviews the form 990 and discusses its contents with the board before the return is filed.”

“The organization's executive director and the board review all vendor relationships for potential conflicts of interest with key employees and board members prior to purchasing goods and/or services.”

“Compensation is determined by the community based board of directors.”

“Key employees' compensation is determined in partnership with the personnel committee. Comparability data was used. Minutes of the meeting were taken.”

“Governing documents are made available upon request.”

“Other programs including community building and organizing”

“Direct fundraising expenses included on stmt of revenue 73,663 direct fundraising expenses included on stmt of revenue -73,663”