The Supportive Housing Providers Association Inc

“During 2023, the association was the victim of a cyber security incident resulting in a payment made to a fraudulent vendor totaling $220,600. Upon the discovery of the unauthorized ach transactions, shpa's management company filed a report with the springfield police department and also filed a complaint with the fbi. The management company's insurance agent was contacted, and the claim process was initiated. An attempt to file a claim against the management's company professional liability and cyber policies were denied. At this time shpa did not have their own cyber policy. In november 2023 shpa applied for their own cyber policy. At the february 2024 board meeting the board approved the purchase of cyber coverage provided by coalition insurance solutions with an aggregate of $1 million in coverage. In july of 2024 the fbi agents met with the management company's staff to begin investigating the cyber fraud.”

“The association has 15 voting members.”

“Members in good standing affirm/elect representatives to the board of directors and the directors elect the officers.”

“Members in good standing affirm/elect representatives to the board of directors and the directors elect the officers.”

“The executive officers of the board of directors are provided a copy of the form 990 for their review prior to filing.”

“Any director having a potential conflict of interest must announce his or her potential conflict of interest at any board meeting.”

“The executive committee of the board sets the annual compensation level of the executive director by review and consideration of relevant factors.”

“The association makes its form 990 available to the public upon request.”

“The association makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Expanded the training & technical assistance center”

“Administrative and payroll services: program service expenses 713,246. Management and general expenses 33,871. Fundraising expenses 0. Total expenses 747,117. Consulting fees: program service expenses 412,660. Management and general expenses 36,408. Fundraising expenses 0. Total expenses 449,068.”

“Loss due to fraud -220,600.”