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.”

“Southwest housing solutions is submitting an amended form 990 for the period ended september 30, 2020 primarily to reflect the audited financial statements issued after the extended due date of the form 990 of august 15, 2021. The following changes have been reflected in the amended return: 1. Part i, lines 8-22: revised to reflect the audited financial statements and prior amounts to tie to the amended federal form 990 filed for the period ended september 30, 2019. 2. Part iii, lines 4a: updated program expenses and revenues. 3. Part iv, lines 11f and 12b: changed from no to yes and line 11b: changed from yes to no to reflect the issuance of financial statements. 4. Part vii, section b: updated to reflect an increase in the number of independent contractors paid more than $100,000. 5. Part viii, lines 1e, 1h, 2a, 2b, 2c, 3, 10a-10c, 11a, 11b, 12: updated to reflect financial statement audited amounts. 6. Part ix, lines 7-10, 11b, 11c, 11g, 12-14, 16, 17, 20, 22, 23, 24a-24c: updated to reflect financial statement audited amounts. 7. Part x, lines 1, 2, 4, 7-9, 10a-10c, 12, 15, 16, 17, 19, 23, 25-28, 32, 33: updated to reflect financial statement audited amounts. 8. Part xi, lines 1, 2, 3, 4, 8 and 10: updated to reflect financial statement audited amounts. 9. Part xii, line 2b: changed from no to yes and checked consolidated basis. 10. Part xii, lines 2c: changed from no to yes. 11. Schedule a, part ii, lines 1, 4, 5, 6, 7, 8, 10, 11, 12, 14 and 15: updated to reflect changes. 12. Schedule d, part vi, lines 1a -1e: updated to reflect the cost basis of the assets and respective accumulated depreciation. 13. Schedule d, part vii, line 3: updated to reflect the changes. 14. Schedule d, part ix: updated to reflect other assets breakdown. 15. Schedule d, part x: updated to reflect other liabilities breakdown. 16. Schedule d, part xiii added explanation for part x, line 2 liability for uncertain tax positions under fin48 from the footnote to the organization's financial statement. 17. Schedule r, part i: updated total income and end-of-year assets to reflect issued financial statement numbers. 18. Schedule r, part iii: updated total income and end-of-year assets to reflect issued financial statement numbers. 19. Schedule r, part iv: updated total income and end-of-year assets to reflect issued financial statement numbers. 20. Schedule r, part v: updated related-party transactions to reflect actual transactions.”