Southwest Minnesota Housing Partnership

“The executive committee has the authority to manage the affairs of the corporation in the intervals between meetings of the board of directors subject to the control and direction of the board of directors. The membership includes the officers of the corporation (chair, vice chair and secretary, treasurer), past chair, and one other director that is appointed to the executive committee by the board chair and confirmed by a majority vote of the board of directors. The executive committee has the authority to act on behalf of the board of directors with its full authority under the following conditions: 1) to approve time sensitive business transactions where the board has been previously informed, and; 2) under an emergency situation.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. Once the draft is available, it is reviewed by management and any changes incorporated into the filing. Once this detailed review is complete, the draft of the form 990 is presented to the board of directors for their review and comments prior to filing with the irs.”

“Directors and officers of the organization, in the course of or in relation to their official duties, shall not directly or indirectly receive or agree to receive any payment, compensation, gift, service of promise of future employment from any source other than the organization. The board has access to the organization's senior management and recognizes that judgment and discretion are to be observed in such contacts. It is expected that senior management shall inform the board in cases that involve contracts, obtaining products or services or other situations where a potential conflict may exist with an officer or director. In cases where a director or officer of the organization believes that a conflict of interest may exist, that director or officer shall recuse him/herself from any discussion or actions pertaining to the matter. All directors and officers of the organization shall acknowledge their understanding and duty to conduct their activities in compliance with the conflict interest policy on an annual basis.”

“The organization provides the board of directors a report from neighborworks that compares the ceo's salary against other ceos in the neighborworks network. The board completes the ceo's performance review and approves the ceo's goals for the upcoming year. The board approves the ceo's compensation increase (typically annually at the beginning of the year). These decisions are documented and retained with other official board records.”

“All governing documents are made available upon request.”

“Southwest minnesota housing partnership (swmhp) is a not-for-profit community development corporation serving communities throughout 30 counties in southwest and south-central minnesota, whose mission is to partner with communities to develop places for people to call home. Our vision is one where every person has access to a welcoming home, and every place has a thriving and equitable community. Swmhp does this by promoting and delivering a high-quality comprehensive menu of housing services and products, including homeownership assistance, community land trust, community planning and technical assistance, land development and redevelopment, housing preservation, housing assessments and inspections, community building and engagement, and supportive housing services. The swmhp ensures its activities are conducted sustainably, support resident and community health, and create community resources to help people prosper. This work is centered in the values of 1) strong rural communities, 2) safe housing as a fundamental right, 3) shared empowered futures, 4) innovation centered in quality and sustainability, and 5) people working together.”

“Westwind tax credit exchange program -223,719.”

“Neither the oversight process or the selection process of the independent accountant changed during the tax year.”