Nebraska Housing Developers Association

“The organization is established as an association of members. There are two types of membership available for affiliation with the organization, housing developers and housing partners. Housing developers must be 501(c)(3) or 501(c)(4) organizations operating in the state of nebraska that have as part of their mission to develop housing that is affordable to persons and/or households having low-to moderate income. Housing partners may be organizations, communities, businesses or individuals that support the development of affordable housing. Representation of each member is acomplished by one principal person representing the whole at organizational meetings.”

“Paying members, both housing developers and housing partners, are considered in the aggregate as the general membership. The general membership elects annually the board of directors serving various, staggering terms. These directors represent the membership.”

“The executive director and program manager oversee the process of the completion of form 990 after the annual audit is complete. The executive director, program manager, and board treasurer are then charged with the specific review of the 990 prior to submission. Copies are provided to all board members.”

“Each board member shall annually disclose, in writing, that they have received a copy of the conflicts of interest policy, have read and reviewed that policy, and they have agreed to comply with that policy. In the instance that a conflict may arise, a board member must recuse themselves from the vote and the remaining board members will determine whether a conflict of interest exists.”

“The compensation of the executive director shall be determined by the board of directors annually. The board of directors' decision is based upon the results of an annual evaluation of the executive director by the board of directors and use of 3 different independent salary surveys from university, state and federal sources in this geographic area.”

“Certain governing documents, such as the organization's bylaws, are made available directly on the organization's own website. Any other governing document is made available by the organization's staff upon request.”

“Form 990, part xi, line 8 prior period adjustment prior period adjustment of 124,048 is for bad debts that should have been identified and recorded in the prior year.”

“Direct fundraising expenses 8,899 direct fundraising expenses -8,899”