Covenant Place Foundation

“The board has 14 active voting members. All former presidents of the organization (known as life directors) are entitled to attend all board meetings and vote on matters before the board. Life members are not counted as part of the quorum for such meetings. The executive committee includes the president, vice presidents, treasurer and secretary, plus the immediate past president and four other past presidents. The executive committee may meet to conduct necessary business between regularly scheduled board meetings and has the same authority as the board of directors.”

“Life director robert bohm is the son of life director lee bohm.”

“Community housing management corp. (chmc) is a related tax-exempt entity that provides management services for covenant place foundation (cpf). Chmc collects rents, pays bills from cpf's separate account, and generally manages operations. Chmc is also the common paymaster for all employees who provide these services to cpf and related entities.”

“Either the executive director or a board officer reviews the 990 and signs it on behalf of covenant place foundation. The full board is provided with copies of the annual audit report and form 990 for review at its fall meeting in september.”

“Board members are given the conflict of interest policy at their annual meeting (usually in may) 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 fax back the disclosure form. All employees also complete the conflict of interest disclosure annually.”

“Each year, the president and the chair (or a co-chair) of the personnel committee meet to evaluate the executive director'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 president or the chair (or a co-chair) of the personnel committee polls the executive committee for comments on performance and compensation. The president then meets with the executive director to discuss performance and the compensation determined by the executive committee.”

“Documents provided upon written request.”

“In the 4/30/2015 year, Covenant Place Foundation (CPF) made an extraordinary grant to a related 501(c)(3) organization to support a new housing development that will replace units whose residents are currently served by CPF. No such grant was made in the 4/30/2016 year, nor is such a grant anticipated in future years.”