Housing Link

“There is an Executive Committee which has and may exercise the powers of the Board of Directors in the interim between board meetings, except that the board shall not delegate to the Executive Committee the power to approve or amend the annual budget, or to adopt or amend the articles of incorporation or bylaws of the corporation. The Executive Committee shall submit to the Board of Directors reports of action taken between board meetings. The Executive Committee shall consist of the duly elected officers of the corporation.”

“The organization's President sends a draft of the Form 990 to the board. The board reviews the return and upon approval the Form 990 is filed.”

“Each new officer, director, or key employee shall be required to review a copy of the conflict of interest policy and to acknowledge in writing that he or she has done so. Each person shall bi-annually complete a disclosure form identifying any relationships, positions or circumstances in which the person is involved that he or she believes could contribute to a conflict of interest arising. Prior to board or committee action on a contract or transaction involving a conflict of interest, an officer, director, or key employee having a conflict and who is in attendance at the meeting shall disclose all facts material to the conflict. Such disclosure shall be reflected in the minutes of the meeting. An officer, director, or key employee who has a conflict shall be excluded from voting on the matter at all times, and shall be excluded from discussion of the matter if necessary.”

“HousingLink uses the Minnesota Council of Nonprofits annual Minnesota Nonprofit Salary and Benefits Survey (2014 latest publication) to appropriately determine compensation. Each review cycle, changes in compensation are discussed by the Executive Committee and then approved by the Board of Directors. This process was last undertaken in November 2015.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”

“HousingLink has a Client Service Agreement with Insperity PEO Services, LP, an unrelated organization. As a result, Insperity is the employer for the purpose of paying wages. Insperity also remits all taxes and files all returns under their name & EIN 76-0689539. Insperity is a PEO (Professional Employer Organization). The salary, benefits, and payroll tax expenses shown on line 5, 7, 9 and 10 of Part X represent amounts paid by Insperity as part of the client service agreement. In addition, Form 990 Part I, Line 5 and Part V, Line 2a state zero for number of employees reported on Form W-3. Due to the relationship with Insperity, all W-2s are filed by Insperity.”

“HousingLink is the recipient of several multi-year grants. These grants are recognized in the year awarded, thus contribution and grant revenues may fluctuate widely from year-to-year.”

“Professional fees: Program service expenses 106,374. Management and general expenses 4,962. Fundraising expenses 813. Total expenses 112,149.”