Ascension Homes Inc.

“The entity is managed by people encouraging people ("pep"), pursuant to a management agreement approved by hud. For the years ended april 30, 2024, management fees charged were $8,856. None of the organization's officers or directors listed on form 990, part vii were compensated by the management company.”

“Govans ecumenical development corporation ("gedco") is the sole member of the entity.”

“Gedco has the power to appoint at least three (3) directors to the board of the entity, which include the president of gedco and vice president of properties at gedco.”

“The entity had no committees with the authority to act on behalf of the governing body.”

“The form 990 is prepared by an outside accounting firm. Once the form 990 is prepared, it is reviewed by the chief executive officer of the entity's sole member, govans ecumenical development corporation. A complete copy of the form 990 is provided to all board members prior to the return being filed with the internal revenue service.”

“Any director, officer, key employee, or committee member having an interest in a contract or other transaction presented to the board or a committee thereof for consideration, authorization, approval, or ratification shall make a prompt, full, and frank disclosure of his interest to the board or committee prior to acting on such contract or transaction. If a conflict is deemed to exist, such person shall not vote on, nor use his or her personal influence on, nor participate (other than to present factual information or to respond to questions) in the discussions or deliberations with respect to, such contract or transaction. Such person may be counted in determining the existence of a quorum at any meeting where the contract or transaction is under discussion or is being voted upon. The minutes of the meeting shall reflect the disclosure made, the vote thereon, and, where applicable, the abstention from voting and participation, and that a quorum was present. The board may adopt conflict of interest policies requiring regular annual statements from directors, officers and key employees that disclose existing and potential conflicts of interest; and corrective and disciplinary actions with respect to transgressions of such policies.”

“The entity makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is available on guidestar.org and other similar types of websites. In addition, the financial statements, and governing documents are available upon written request.”