Central Minnesota Housing Partnership Inc.

“Cmhp's executive director and finance director reviewed a draft of the 990 for content and accuracy and made appropriate changes. The updated draft was then sent to all board members prior to a scheduled board meeting. At the board meeting, the 990 was reviewed and discussed and a motion to receive and file it was made and accepted prior to filing.”

“Each new responsible person (i.e. Officer, member of the board of directors, or key employee of cmhp) must review the conflict of interest policy and acknowledge in writing that he or she has done so. Annually, each responsible person shall complete a disclosure form identifying any relationships, positions, or circumstances in which they are involved that they believe could contribute to a conflict of interest arising. The policy itself is reviewed annually by each member of the board and any changes to the policy are communicated immediately to all responsible persons.”

“The executive director position of cmhp is the only position within the organization subject to an executive compensation review. The cmhp board has and will review periodically and set its salary range for all positions within the organization including the executive director position. The executive director compensation decisions are to be based on market conditions for the position under review using comparables drawn from independent data sources such as minnesota council of nonprofits salary and benefits survey, minnesota department of employment and economic development salary/wage survey, comparable nonprofit organization's form 990, and other sources as identified. Also taken into consideration is the individual's job performance and related experience and the increasing cost of doing business. The cmhp board will adequately and contemporaneously document the reasons for its decision in setting the level of compensation in the organization's minutes including: the terms of the decision and date it was approved, the members of the board or committee who were present during the debate and the votes cast by those who voted on it, the comparability data obtained and relied upon, and certification that the approval occurred without the participation of board or committee members who had a conflict of interest. This record must be created no later than the next meeting of the board or 60 days after final approval of the compensation, whichever is later, and be reviewed and approved by the governing body as reasonable, accurate and complete within a reasonable time period thereafter. The last compensation comparison study was performed in 2011. The board last reviewed the compensation of the executive director in 2017.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request or by contract, and are either sent by mail, faxed or email.”

“Northcrst lp - became wholly owned in 2017 234,930. Highland court lp - became wholly owned in 2017 493,025. Cmef llc investment in lp - decrease in investment during 2017 -2.”