Community Housing Mgmt Corp

“The finance committee is given the opportunity to review a draft of the 990 and makes suggestions or approves it. Either the president and ceo or another board officer reviews the 990 and signs it on behalf of community housing management corp. The full board is provided with copies of the annual audit report and form 990 for review at its next regular meeting.”

“Board members are given the conflict of interest policy at their annual meeting and all members are asked to sign an annual disclosure form. If members are not in attendance or forget to sign the document, follow-up emails are sent, and they are asked to sign and return the disclosure form. Senior employees also complete the conflict of interest disclosure annually.”

“Each year, the board chair and the chair (or a co-chair) of the personnel committee meet to evaluate the president and ceo's performance. The chair (or a co-chair) of the personnel committee also considers what other comparable entities do (if there are any), as well as a comparison to the initial baseline compensation. The board chair or the chair (or a co-chair) of the personnel committee polls the executive committee for comments on performance and compensation. The process is for the board chair to then meet with the president and ceo to discuss performance and the compensation determined by the executive committee.”

“Documents provided upon written request.”

“Chmc acknowledges the irc section 168(h) elections were properly made by the related entities of chmc and included in their timely filed 2022 tax returns. The related entities include: covenant place i mm, llc (ein: 47-2348982), covenant place ii mm, llc (ein: 81-0807798), and covenant place iii mm, llc (ein: 85-3055214).”

“Chmc provides management services to five related entities: covenant place foundation, covenant place senior center, inc., covenant place i, llc, covenant place ii, llc, and covenant place iii, llc. Chmc files w-2s for all employees who provide services to chmc and these related entities. Salary, pension, and benefit expenses are appropriately allocated to and reimbursed by each entity, so these expenses may be reported as functional expenses on the related entity returns as well as this return.”