Southwest Housing Solutions Corporation

“Southwest housing solutions is a wholly-owned subsidiary of southwest solutions, the parent company.”

“All board members must be appointed by southwest solutions board of directors.”

“The southwest solutions board approves certain decisions of southwest housing solutions board of directors including but not limited to the following: budget approval, bylaws revisions, formation of a new company, and capital acquisitions greater than $250,000.”

“The 990 was prepared by an independent accounting firm. The 990 was reviewed by the financial controller and provided to the board of directors for their review after the filing of the form 990.”

“Annually the conflict of interest policy is provided to the board members for review and approval. In addition, the disclosure statement is completed on an annual basis by all board members. If there are any conflicts of interest, the board member would abstain from voting. All southwest housing solutions employees and board members are subject to the conflict of interest policy.”

“Compensation is set by the compensation committee of southwest solutions, a related organization. The agency participates in annual salary surveys based on agencies similar in size and revenues and consults with salary compensation specialists to determine compensation for ceo and key employees. All compensation must be approved by the board of directors. While an annual review is done, salaries are adopted for three years. Compensation was last reviewed in 2016.”

“Governing documents, conflict of interest policy, and the organization's financial statements are made available to the public upon request.”

“CONSULTANTS: Program service expenses 157,631. Management and general expenses 2,605. Fundraising expenses 0. Total expenses 160,236. CONTRACTUAL EXPENSES: Program service expenses 1,973,247. Management and general expenses 8,054. Fundraising expenses 0. Total expenses 1,981,301.”

“Tax - prior period adjustment -2,091,109. Equity distribution -16,495.”

“The finance and audit committee of southwest solutions oversees the audit process and approves the independent audit firm. Southwest housing solutions is a wholly-owned subsidiary of southwest solutions. This process has not changed from prior year.”