Community Housing Works

“The organization has a contract with unaffiliated property management companies to manage the daily operations of all the apartment complexes.”

“BYLAW AMENDMENTS ARE AS FOLLOWS:Section 3.2 Number.The number of directors shall be at least 11 and not more than 21, as determined by the Board. Section 3.3 Selection and Tenure.Directors shall be elected by the Board. The directors of the Corporation shall at all times be divided equally into three (3) classes known as classes "A," "B" and "C." If an equal division is not possible because the total number of directors is not equally divisible by three (3), then the Board shall have the discretion to allocate the directors among the three (3) classes as evenly as reasonably possible. Once a director has been assigned to a particular class, that classification cannot be changed, and any successor elected to replace a particular director shall also be in the same class of directors as the director that is replaced.Regardless of any other provision of these Bylaws, the term of a particular director shall be for three (3) years, except that a director's term of office shall in any event terminate upon the director's death, resignation or removal, whichever is earlier. A director may be re-elected for up to three (3) terms. No person shall serve more than nine (9) consecutive years. After serving a total of nine (9) years, a director may be eligible for reconsideration as a director after two (2) years have passed since the conclusion of such director's service. Irrespective of the prior section, for those board members with service of nine (9) years or longer as of January 31, 2015, they shall retain the ability to serve in good standing through August 31, 2017.Section 3.4 Nomination of Directors. Recommendations for director nominees may be submitted to the Governance Committee at any time. The Governance Committee shall present at the annual meeting of directors its slate of director-nominees and, as to any vacancies, at a board meeting following the vacancy, any nominee to fill the balance of the unexpired term. Section 3.5 Board Composition. The Board must maintain at least one-third (1/3) of its governing Boards membership for residents of low-income neighborhoods, other low-income residents, or elected representatives of low-income neighborhood organizations, as defined by the federal Department of Housing and Urban Development. If Board membership changes such that members who have low-incomes, are elected representatives of a low-income neighborhood organization, or are residents of low-income neighborhoods comprise less than one-third (1/3) of the Board, the Corporation's staff and Board members shall immediately act to recruit new members who have low-incomes, are elected representatives of a low-income neighborhood organization, or are residents of low-income neighborhoods. No more than one-third (1/3) of the directors serving on the board may be interested persons. For purposes of this section, interested persons means either (1) any person currently being compensated by the corporation for services rendered to it within the previous twelve months whether as a full time or part time employee, independent contractor, or otherwise, excluding any reasonable reimbursement for expenses paid to a director; or (2) any relative of a person being compensated by the corporation including a brother, sister, ancestor, descendent, spouse, brother-in-law, sister-in-law, son-in-law, daughter-in-law, mother-in-law or father-in-law, domestic partner or any such person who may be considered a relative.”

“The 990 is reviewed internally and then presented to the audit committee for review. All board members receive a copy of the 990 for review and it is then approved by the board prior to filing.”

“In case of a conflict of interest issue, the board would review the situation. There have been no known conflicts of interest for the current tax year.”

“Data was collected on compensation for each TOP MANAGEMENT POSITION OF THE ORGANIZATION. The data was reviewed in detail and approved by an independent party with extensive experience in compensation, CHW's Board Chair.”

“Data was collected on compensation for each TOP MANAGEMENT POSITION OF THE ORGANIZATION. The data was reviewed in detail and approved by an independent party with extensive experience in compensation, CHW's Board Chair.”

“The organization will provide the governing documents, policies and financial statements to any person who requests this information in writing. This information can be obtained in the form of pdf documents.”

“OTHER PROGRAM SERVICES 4: Asset Management:The Organization provides ongoing administrative support, management oversight, risk management review, and/or oversight of financial and repair plans for the communities developed by the Organization for very low-income and low-income residents in need. CHWs asset management staff maintains high standards in a diverse portfolio. CHWs permanent affordable housing portfolio operates at 98% occupancy and has consistently met all reserve and partnership management fee targets. Due to the Organizations outstanding track record, banks and investors consider CHW among the highest-rated developers. OTHER PROGRAM SERVICES 5: Supportive Housing:The Organization provides stable homes for individuals and families in need, including formerly homeless families, seniors with disabilities, individuals with HIV/AIDS, youth transitioning out of foster care, and victims of domestic violence. CHW has 109 supportive housing apartments in 12 communities.Apartment Complex/Supportive Units:Alabama Manor Apartments/23 - Supportive homes to individuals over 55 who are physically disabled or living with HIV/AIDSAvocado Court Apartments/8 - Supportive homes for homeless, disabled veteransHillside Village, Parkview Terrace, Solara, Oak Knoll Villas/7 - Provide up to 7 transitional supportive homes for victims of domestic violenceHillside Village, Parkview Terrace, Solara, Oak Knoll Villas/5 - Provide 5 permanent homes for developmentally disabled adultsKalos Apartments/6 - Supportive homes for teenage mothers under the Maternity Shelter ProgramLas Casitas Apartments/14 - Supportive homes for homeless families recovering and reuniting from substance abuseMarisol Apartments/21 - Supportive homes to disabled individuals living with HIV/AIDSNorth Santa Fe Apartments/10 - Supportive homes for Transitional Age Youth aging out of foster careOld Grove Apartments/4 - Supportive homes to disabled individuals living with HIV/AIDSPineView Apartments/11 - Supportive homes for homeless, disabled veterans”

“Acquisition of Partnership Interest = $175420”

“Loss on investment in partnerships & llc = -$711666”

“Partnership & llc contributions/distributions, net = -$31642”

“Special event expense = $15883”