National Housing Trust-Enterprise Preservation Corporation

“Some of the officers for national housing trust are also the officers for nht communities. The national housing trust board of directors appoints the board members for nhtc. The nhtc board members have governance responsibilities independent from those of the nht board of directors.”

“Members of the board of directors of nht communities are appointed by national housing trust.”

“The draft tax return is reviewed by the chief financial officer.”

“Each member is provided a copy of nht communities conflict of interest policy and the conflict of interest declaration upon joining the board of directors until the declaration is signed. They are not a voting member of the board every year. In the month june, each board member signs a new conflict of interest declaration, which is maintained by the administrative staff.”

“Compensation for the executive director/ceo is determined by the nht board of directors and is reviewed every year by the board's executive committee as per the executive compensation policy. They obtain research and compensation information that assists in determining the salary, such as independent salary and benefit compensation studies, written job offers for positions at similar organizations, documented phone calls about similar positions in other non-profit and for-profit organizations, and/or information obtained from the form 990 filings of similar organizations. To approve the compensation, the board must document how it reached its decision and the data in which it relied in the meeting minutes the executive committee of the nht board also evaluates the performance of the ceo annually. All other officers and staff's salaries are determined by the ceo. Each staff member receives an annual review to assess performance and sets goals.”

“Governing documents available upon request”

“National housing trust ("nht") (ein 52-1477599) acts as a common paymaster to the organization. In accordance with the irs instructions those compensation amounts paid by nht are reflected in part vii section b, column (d).”

“Nht communities mission is to preserve, improve, and develop affordable multifamily housing.”

“The mission of nht communities is to preserve and improve our nation's supply of decent, safe, and affordable multi-family housing through acquisition and long-term stewardship. This housing is a unique national resource. It protects and enhances the well-being and stability of the low-income persons and families who live there, and strengthens the communities in which they live. Nht communities works to preserve and improve affordable housing for low-income persons and families through direct acquisition of multifamily housing developments, long-term rent affordability, creation of resident services programs and improvement of existing resident services, and an emphasis on physical rehabilitation of properties it purchases.”

“Consulting fee: program service expenses 1,558,855. Management and general expenses 415,695. Fundraising expenses 103,924. Total expenses 2,078,474. Other fee: program service expenses 18,610. Management and general expenses 458,583. Fundraising expenses 1,241. Total expenses 478,434.”

“Adjustment to recognize includable assets -3,172,523.”