Northwest Side Community Development Corporation

“The form 990 is reviewed by the finance committee and the board of directors prior to filing with the internal revenue service.”

“In the event that a director or a member of a director's immediate family has an actual or potential conflict of interest, including but not limited to proposed transactions directly or indirectly between nwscdc and a director, the director shall promptly disclose the material facts of such conflict or transaction in writing to the board of directors as a matter of record. When any such conflict of interest becomes relevant to any subject requiring action by the board of directors or any of its duly constituted committees, councils, task forces, or other bodies, the director having a conflict shall not vote on the subject with respect to which the conflict of interest exists and shall not attempt to influence the vote of any other director. The director with the conflict may be counted in determining the quorum for the meeting addressing such subject. A director who is excluded from voting because of such conflict of interest shall briefly state the nature of the conflict and answer pertinent questions of other directors when such director's knowledge of the subject will assist the board of directors or any of its committees or other bodies in making a decision. After such disclosure is made and the board has had the opportunity to ask pertinent questions of such director, a vote shall be taken with the action carried by a majority of disinterested directors, who must constitute a quorum. Minutes of the meeting shall reflect that such disclosure has been made and that such director abstained from voting.”

“The finance committee reviews salary information on guidestar to determine the reasonableness of the executive director's salary. The finance committee also approves the executive director's current salary.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“Business counseling and technical assistance services have been added.”

“The housing and nw impact programs have been discontinued.”

“Other professional fees: program service expenses 85,965. Management and general expenses 52,241. Fundraising expenses 380. Total expenses 138,586.”