Public and Affordable Housing Research Corporation

“The organization's directors (scott bertrand, edwin lowndes, douglas dzema, james dipaolo, jane smith, mary smith, jeffery patterson, rusty young, fernando aniban, richard browne, edmund malaspina, vince pearson, kevin loso, duane hopkins, edelmiro hinojosa, anthony johnson) and officers (edmund malaspina, amy galvin, troy lepage, sherryl sullivan, courtney rice, paul lagonigro, trevor horn) are part of the same management teams for related taxable entities.”

“Review of the form 990 is conducted by the chief financial officer & treasurer, chief operating officer, executive vice president, and assistant treasurer. The organization provides a complete copy of the form 990 to the members of the board of directors for their review prior to filing.”

“The organization requires all officers, directors and employees to complete a conflict of interest questionnaire annually. The completed forms are reviewed by the human resource department to identify any potential conflicts of interest. Any potential conflicts are further evaluated by the ceo, and if warranted, are brought to the attention of the board for discussion and resolution. Similarly, any potential conflicts of interest that are brought to the attention of the organization by outside auditors or by an employee or other person are investigated and resolved in accordance with the procedures discussed above.”

“The organization's ceo is compensated by a related organization under a common paymaster arrangement. The related organization uses 3rd party salary surveys to assist in determining his compensation which is approved by the board of directors and documented in the minutes. The last review the ceo's compensation began on 7/22/2024 and was completed on 8/30/2024. Other officers and key employees of the organization are compensated by a related organization under a common paymaster arrangement. The related organization reviews all compensation as part of its annual budgeting process, which occurred in 2024 and is documented in the minutes. The related organization uses independent third party salary surveys to assist in determining their compensation every three years and in cases of new hires, promotions, and significant changes in roles or responsibilities.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”