Rise Community Development

“A draft of the form 990 is reviewed and approved by the finance committee prior to filing. A draft of the form 990 is also distributed to the full board of directors prior to its filing.”

“All board members are required to complete a conflict of interest disclosure form annually wherein they disclose potential conflicts of interest. These forms are then reviewed by the president as well as distributed to all board members for their review.”

“The executive director informs the executive committee of the raise percentages for all employees. The cfo verifies these percentages with the executive committee.”

“Rise's governing documents, conflict of interest policy, and financial statements are available upon written request.”

“Rise has entered into a relationship with simploy, a professional employer organization (peo). Therefore, rise does not file form w-3 and no employees are reported directly by rise. The peo filed on behalf of 14 rise employees during the year.”

“Net recovery -write-off - due to/due from balances between related entities 905,830.”

“Rise community development (rise) is a not-for-profit charitable organization that carries out its mission through several related entities. Technical assistance corporation (tac) and st. Louis public development corporation i (pdc i) are not-for-profit affiliates. Tac carries out its organizational purposes principally through the other pdc's listed and effectively controls their operations. These pdc's are organized under the missouri nonprofit (nonstock) corporation act, but are not classified as tax exempt under section 501(c)(3). Tac is also the sole owner of greater st. Louis land development fund, a missouri for-profit corporation. Old north st. Louis homes and park east homes are for-profit entities wholly owned by rise.”