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 elf-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.”

“For line 8, prior period adjustments: the compton hill properties 2022 990 was filed before completion of the 2022 audit. The prior period adjustments reflect changes in the account balances on the final 2022 financial statements when compared to the 2022 990.”