Compton Hill Properties LLC

“Compton hill is managed and operated by staff of desales community housing corp., a missouri non-profit corporation which is also a 501(c)(3) organization (including fox grove management, llc, a single-member disregarded entity of which desales community housing corporation is the sole member). Minutes are taken at each board and committee meeting.”

“Compton hill properties is a single-member limited liability company whose sole member is desales community housing corporation, a non-profit corporation with 13 voting directors. Members of the board of directors are elected by the existing directors, as provided by missouri law (a self-perpetuating board). Most of the board members are residents of the neighborhoods served by the organization. Board members serve overlapping three year terms with no term limits.”

“The 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.”

“The conflict policy is reviewed and discussed annually at a board meeting and updated conflict disclosures are required. In addition, the organization complies with the conflict policies of its funding sources. Conflict of interest forms are completed by each board member.”

“The executive director's performance and compensation is subject to annual review and approval by the board of directors, composed of 13 independent persons, of the sole member of the organization. There are no other compensated officers or key employees.”

“The governing documents of the organization 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.”

“Thomas pickel received no compensation from compton hill properties. Compensation shown in part vii, column e, is for his work as executive director of desales community housing corporation and is paid by that organization.”

“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.”