Ohio Community Development Finance Fund

“Ohio community development finance fund (ocdff) has a board of directors. On january 11, 2013, the board of directors voted to restructure ocdff to a non-membership corporation.”

“The members of the ohio community development finance fund elect one or more members of the governing body through an annual survey. The members cast their vote from the selection of the potential board of directors. After the votes have been counted and a new director has been selected, the current board of directors accepts or rejects this selection (by vote) at their annual board meeting.”

“A DRAFT OF FORM 990 IS REVIEWED AND APPROVED BY THE ADMINISTRATIVE COMMITTEE, AS WELL AS THE CHIeF FINANCIAL OFFICER, PRIOR TO FILING WITH THE IRS.”

“All board members, staff, and volunteers are under a continuing obligation to disclose any actual or potential conflict of interest as soon as it is known, or reasonably should be known. Conflict-of-Interest disclosure statements are completed on an annual basis (every January) by all Board members, staff, and volunteers. Any changes which occur during the year are reported through an updated statement. For board members, the disclosure statements are provided to the Chair of the Board, or in the case of the Chair's disclosure statement is provided to the Secretary of the Board. Copies are also provided to the Chief Executive Officer. In the case of staff or volunteers, the disclosure statements are provided to the Chief Executive Officer (CEO) or in the case of the CEO's disclosure statement is provided to the Chair of the Board. Whenever there is reason to believe that an actual or potential conflict of interest exists between Finance Fund and an interested party, the Board of Directors determines the appropriate organizational response. This includes invoking the procedures described in the Conflict of Interest Policy. Where the actual or potential conflict involves an employee or volunteer of the organization other than the CEO, the CEO will review the matter and take appropriate action as necessary to protect the interests of the organization. The CEO reports to the Chair of the Board the results of any review and the action taken. The Chair, in consultation with the Executive Committee, shall determine if any further board review or action is required. The Secretary of the Board of Directors files copies of all disclosure statements with the official corporate records of the organization. Director statements are kept with board records, and staff and volunteer statements are kept in personnel files. All corporate policies including the conflict of interest policy are written and made available to all board, staff, and volunteers in an employee handbook or board handbook. All board, staff, and volunteers sign statements to affirm that they have read such polices and understand them. All corporate policies are reviewed on an annual basis by key staff. Recommendations for policy changes are brought before the board for review and approval. Policy changes are communicated to board, staff and volunteers. The Executive Committee is charged with the responsibility to regularly and consistently monitor and enforce compliance with the conflict of interest policy by reviewing annual statements and taking such other actions as are necessary for effective oversight.”

“An independent company performs a compensation study every three years and determines a range of pay for each position.”

“The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours upon request.”