New Vision Housing Development Fund Corporation

“Project Hospitality, Inc. is the sole member of the organization.”

“The member has the power to elect members of the board.”

“The member can remove directors of the board with cause. The member can also amend and repeal the organization's by-laws.”

“The form 990 is reviewed with the audit committee and distributed to the full board prior to filing. If there are any questions they are discussed with the tax preparer.”

“Any conflict of interest, potential conflict of interest or appearance of a conflict of interest should be immediately reported in writing by an employee with knowledge of the conflict to the director of human resources and verbally to his/her immediate supervisor. The director of human resources along with the executive director or chief operating officer will determine an appropriate response to the report. Steps to be followed to making such a determination include: 1) a complete and thorough investigation of the actual or potential conflict of interest; 2) elimination of any prohibited conflict of interest and alleviation of any harm from the conflict of interest to the agency, its clients, and others whenever practical; 3) assessment and imposition of appropriate guidance process action; 4) depending on the severity of the conflict of interest, the human resources director and the executive director or chief operating officer may consult with the executive director regarding action(s) to be taken; 5) annual review of employee handbook and conflict of interest policy.”

“Organization's officers and personnel are compensated by the parent organization and therefore policies to determine compensation are in place and are the same as the parent organization.”

“Form 990 is available from the organization's office upon request and on our website. The organization's governing documents, conflict of interest policy and financial statements are available for public inspection in the organization's office upon request.”