St Bernard Housing Development Corporation

“The st. Bernard housing development corporation does not have compensated officers, directors, trustees or key employees per the irs definition, therefore, the questions in form 990, part vi, lines 15a and 15b are not applicable and have been intentionally answered "no" in accordance with the instructions to the form 990.”

“The governing documents of st. Bernard housing development corporation delegate broad authority to an executive committee. Per article 5, section 6 of the by-laws, while the board of trustees is not in session, the executive committee shall have and exercise the authority of the board of trustees in the management of the corporation with the exception of such powers reserved to the board of trustees in the by-laws or as otherwise provided by law. Additionally the executive committee shall perform the nominating function and select a nominee for the elected officers of the corporation. The executive committee shall consist of two officers of the board, the chief executive officer of st. Bernard hospital and the executive director of the corporation.”

“St. Bernard hospital, a related tax-exempt, is the sole corporate member of st. Bernard housing development corporation.”

“The Board of Trustees of St. Bernard Housing Development Corporation shall be comprised solely and exclusively of the then existing Board of Directors of St. Bernard Hospital, the sole member of St Bernard Housing Development Corporation. Hence no election need be held, other than the election to the Board of Directors of St. Bernard Hospital in accordance with that Corporation's Bylaws, as may be amended from time to time.”

“The Board of Trustees shall manage the property and affairs of the Corporation in such manner as may be prescribed from time to time by law and by the Bylaws of St. Bernard Hospital. The Board alone shall determine the Corporation's compliance with its stated purposes and shall have the power and authority to do and perform all acts or functions not inconsistent with the Bylaws, the Corporation's Articles of Incorporation and/or the Illinois General Not For Profit Corporation Act of 1986, as amended.”

“Prior to filing, Management conducts a thorough review of Form 990 and any questions are directed to the Hospital CFO for resolution. Also prior to filing, a link to the final draft Form 990 is e-mailed to each Board member and any questions are directed to the Hospital CFO for resolution.”

“Written conflict of interest statements are required to be completed and signed by each member of the governing body, officers, and key employees on an annual basis. The Corporate Board officers monitor any conflicts and prohibit any governing body member from participating in any deliberation or decision where the member may have a conflict of interest. Corporate officers, including the CEO and Chief Compliance Officer, monitor any conflict of interest issues with officers, key employees, and management.”

“The organization's financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.”