Heartland Housing Inc

“Heartland Alliance for Human Needs and Rights (Heartland Alliance) shall be the sole voting member of the corporation.”

“Heartland Alliance shall appoint all of the directors.”

“The following actions shall require the written consent of Heartland Alliance: (i) The adoption or approval of a plan of merger or consolidation or reorganization or restructuring involving the organization; (ii) The sale, lease, exchange or other disposition of all, or substantially all, of the non cash assets of the organization; (iii) Dissolution of the organization; (iv) Amendment of the bylaws”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management and the Board Chairman prior to filing with the IRS.”

“All members of the Heartland Alliance board of directors, as well as members of the organization's subsidiary board of directors, annually sign a conflict of interest policy, copies of which are retained in the President's office. In addition, all Heartland Alliance senior management, which includes its members of its Business Office Leadership Team (BOLT), Business Initiative & Resource Development (BIRD), and executive team, are required to annually sign the conflict of interest policy. A copy of the board of directors' policy is posted on a password protected portion of the organization's website, designated for board members. A copy of the policy for management is posted on the organization's intranet. Policy requires disclosure of any situation in which there may be even an appearance of potential conflict of interest. When appropriate, members of the board of directors, or senior management, recuse themselves from decision-making if there is any conflict of Interest. Relative to board of committee actions, this is reflected in the meeting minutes. The policy is reviewed regularly by the chief risk officer of the organization. Additional monitoring is performed by the organization's executive team and the risk policy committee of the board of directors.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“As a result of the events of default and the appointment of a receiver to take possession of the communities, HH reported a loss from discontinued operations on the 6/30/2023 Form 990. As the properties are sold, legal ownership of the properties transfer to the future buyers, and the liabilities to such properties are extinguished, HH will recognize a gain from discontinued operations.”

“Gain on discontinued operations - 19830376;”