Family Housing Fund

“The board of directors may designate an executive committee consisting of at lease three directors of this corporation. The executive committee has the authority of the board of directors in the management of the business of the corporation in the interval between meetings of the board of directors, and the executive committee is at all times subject to the control and direction of the board of directors.”

“Toni carter and melvin carter - family relationship”

“The form 990 is reviewed in detail by management and the finance committee. The finance committee chair will then present the form 990 to the board at the next regular meeting, before the form 990 is filed.”

“Family housing fund's conflict of interest policy requires that, prior to action on a contract or transaction involving a conflict of interest, a director or responsible person who has a conflict of interest disclose all facts material to the conflict of interest. A person who has a conflict of interest shall not participate in the board's discussion on the matter except to disclose material facts and to respond to questions. Such persons shall not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting. Such disclosures will be reflected in the minutes of the meeting. If it was not entirely clear whether or not a conflict of interest exists, then the person with the potential conflict will disclose the circumstances to the president, the chair or the chair's designee, who shall determine whether there exists a conflict of interest. Each responsible party is required to annually submit a disclosure form identifying the businesses and nonprofit organizations of which such responsible person is a director, officer, employee or partner or in which such person has an ownership interest of five percent or more. The policy is reviewed annually.”

“The president's compensation is reviewed annually by the executive committee, with the board being informed of the approval after. This was last done in 2013 for 2013 compensation. Compensation for key employees is based on job description and performance reviews. The president looks at these and sets compensation which is approved by the board as part of the annual budget. Comparability data is used periodically but not annually.”

“Copies of these documents are provided upon request.”

“Consulting services: program service expenses 788,883. Management and general expenses 56,687. Fundraising expenses 15,225. Total expenses 860,795. Professional fees: program service expenses 193,105. Management and general expenses 0. Fundraising expenses 0. Total expenses 193,105.”