Housing First Network

“The network's sole member is builders association of the twin cities, a minnesota nonprofit corporation exempt from taxation under 501(c)(6) of the internal revenue code.”

“All members of the executive board of builders association of the twin cities, the sole member of the network, serve as voting members of the board of directors of the network. The executive director of the builders association of the twin cities serves as a nonvoting member of the board of directors of the network.”

“The following acts require the approval of the network's sole member: 1) the sale, lease, transfer, or other disposition of all or substantially all of the network's proerty and assets; 2) the merger or consolidation (either in law or in fact) of the network with one or more other organizations; or 3) the amendment of the articles of incorporation or the bylaws of the network.”

“The network does not have any committees with authority to act on behalf of the governing body.”

“The form 990 will be provided to each member of the board of directors before it is filed with the irs.”

“All officers, board and committee members shall forward their completed and signed conflict of interest and disclosure statements to the executive director who shall prepare disclosure summaries for the president. As events warrant, and to the extent possible, the president shall disclose apparent reported conflicts to the executive board or the board of directors. In connection with any actual or possible conflicts of interest, an interested person must disclose the existence of his or her conflict of interest and must be given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The minutes of the board and all committees shall contain - -the names of the persons who disclosed or otherwise were found to have a potential conflict of interest, the nature of the conflict, and action taken to determine whether a conflict of interest was present, and the board's or committee's decision as to whether a conflict of interest in fact existed. -the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection therewith.”

“The network does not make its governing documents, conflict of interest policy, or financial statements available to the public.”

“Consultants, communications, polling & research: program service expenses 7,500. Management and general expenses 18,750. Fundraising expenses 0. Total expenses 26,250.”