St Joachim House Inc

“The Organization's officers and directors are comprised of members, ex officio, of executive management and/or the Board of Trustees of its affiliate, Associated Catholic Charities, Inc. (ACC). ACC's by-laws states the Board of Trustees shall submit a list of nominees to the Archbishop of Baltimore to fill the positions of those trustees whose terms are expiring. The Archbishop of Baltimore has the power to appoint trustees.”

“The Organization's Form 990 was reviewed by the Treasurer and management team before it was filed.”

“The Board of Trustees Conflict of Interest Policy sets forth the procedures to be followed to ensure that conflicts of interest are properly identified, approved and/or reported in a timely and transparent manner for board members of Associated Catholic Charities, Inc. (ACC) and its affiliated organizations. These policies include written disclosures by each board member upon election to the board and annual certifications thereafter. Management reviews these disclosures and reports its findings to the executive committee of the board on an annual basis. All transactions involving a possible conflict of interest must be approved in advance by ACC's Executive Committee. In addition, all employees of ACC and its affiliated organizations are required to comply with its Code of Ethics and Business Conduct Policy which provides specific guidance on such matters. Employees are required to acknowledge compliance with this policy on an annual basis.”

“A compensation committee annually reviews and approves the compensation of Associated Catholic Charities' executive staff. Additionally, an independent firm is retained to evaluate the appropriateness of such compensation. Minutes of the compensation committee meetings are recorded.”

“Documents are available upon request.”

“On July 29, 2021, HUD forgave the HUD Section 202 capital advance agreement for the Organization. As a result, DePaul House Inc. (DePaul House) assumed the 90-unit apartment building previously operated by the Organization. As part of this transfer, the majority of the Organization's assets and liabilities, including certain plant, property, and equipment, replacement reserves, tenant deposits, and other liability balances were transferred to DePaul House. In addition, the capital advance mortgage agreement of $5,591,900 with HUD was forgiven and the note payable with the Baltimore City Housing Initiative Program of $108,210 was transferred to DePaul House. As a result of this agreement, the Organization's financial statements include two months of activity from July 1 through August 31, 2021.”

“Transfer to DePaul House, Inc. See note for Form 990, Part III, Line 3 for more details.”