Desales Community Housing Corporation

“The form 990 is presented to the full board for approval before it is filed. It is either presented by the preparer or by a member of the audit committee. The chair of the audit committee also reviews a draft before it goes to the full board.”

“Officers, directors, or trustees and key employees are required to review and agree to comply with the policy. If anyone becomes aware of a potential conflict, they are expected to notify and disclose to the president of the board of directors.”

“A subcommittee of the executive committee reviews compensation of the executive director and chief operating officer, and also reviews comparability information. There are no other compensated officers or key employees.”

“Governing documents are furnished upon request; audited financial statements are reprinted in the annual report which is made available to the public upon request and provided to certain stakeholders and community members.”

“No change from prior year.”

“In december 2019, a novel strain of coronavirus (covid-19) surfaced. The spread of covid-19 around the world in 2020 has caused significant volatility in u.s. And international markets. In march 2020, the city of st. Louis health department issued a stay-at-home order applicable to all but essential workers. Since that time the corporation's offices have been closed to the public and admission is by appointment only. Communication with tenants, staff and vendors is done electronically as much as possible. Personal protection equipment is provided to all employees and is replenished as needed. Office personnel are working on rotating schedules to reduce the number of people in the office at one time. The corporation follows and distributes to staff the latest cdc and health department recommendations. In cases where employees are required to isolate or quarantine, the corporation has utilized funding under the cares act passed by congress to cover their pay for a two-week period. The corporation has experienced delays in supply chains and is looking to develop new vendor relationships to help ease that impact. There is significant uncertainty around the breadth and duration of business disruptions related to covid-19, as well as its impact on the u.s. And international economies and, as such, the corporation is unable to determine if it will have a material impact to its operations.”