Southwest Housing Solutions Corporation

“Effective january 1, 2020 with the amendment of the organization's bylaws (as disclosed on schedule o), the board of directors of southwest solutions, inc. Was granted with full voting and oversight responsibilities of the board of directors of all southwest entities, including the filing organization. Therefore beginning january 1, 2020 and after, only those board directors designated with "sws" on part vii have voting rights for the filing organization.”

“Effective january 1, 2020, the organization's bylaws were amended to include the board members of the parent company, southwest solutions, inc., in order to have one board of directors overseeing all the southwest entities, including the filing organization. This amendment to the bylaws granted voting and oversight responsibilities of the organization to the board of directors of southwest solutions, inc. And also established term limits for board members to three years.”

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

“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 prior to the filing of the form 990 with the irs.”

“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 2020.”

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

“Other administrative fees: program service expenses 946,741. Management and general expenses 61,811. Total expenses 1,008,552. Contract service and professional expenses: program service expenses 34,318. Management and general expenses 21,274. Total expenses 55,592.”

“Release of restrictions -389,740.”

“The organization's financial statements are currently undergoing a financial statement audit, which will not be completed until after the extended due date of the form 990. Upon the issuance of the financial statement audit, the organization will file an amended form 990 if deemed necessary.”