Partners in Housing Development Corporation

“The board has reviewed and approved the current year 990 on october 21, 2019.”

“In order to identify and review conflict of interest, and the appearance of conflicts of interest, board members and employees must disclose in advance all outside activities and financial interest that create or have the appearance of creating conflicts of interest. The board and/or executive staff review the disclosures to determine whether a conflict of interest exists and what conditions or restrictions should be imposed in order to manage, reduce, or eliminate the conflict of interest. Each director completes a conflict of interest policy acknowledgement annually and filed with board of director minutes.”

“The executive committee is responsible for determining compensation for the executive director based upon annual review of performance and comparability data of similar organizations. The document is maintained and approved by the board chair.”

“The governing documents, conflict of interest policy, financial statements and form 990 are available to the public upon request by contacting the corporate office.”

“The entity receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”

“Partners in housing development corporation is a consolidated financial statment. The consolidated financial statements include both financial data that is part of the form 990 as well as financial data in which separate tax returns are completed. Schedule d adjustments adjusts for the portion of the financial data that is not associated directly with this tax return.”

“Copy of section 168(h)(6) election made on form 1120 for related corporation pihdc-blue-mozingo, llc (fein 82-4761246): pihdc-blue-mozingo, llc, a subsidiary of partners in housing development corporation, a indiana non-for-profit organization, hereby makes an election under section 168(h)(6)(f)(ii) of the internal revenue code of 1986, as amended (the "code"): (i) not to be treated as a tax-exempt entity for purposes to section 168(h)(5) and (6) , and (ii) which provides that any gain recognized by its tax-exempt parent (as defined in section 168(h)(2) of the code) on any disposition of an interest in pihdc-blue-mozingo, llc, and any dividend income or interest income received or accrued by a tax-exempt parent shall be treated as unrelated business taxable income for purposes of code section 511.”