Cfh Inc.

“Cfh is a membership organization. Members elect directors at the annual meeting and board members have the option to fill vacancies on the board to serve until the next annual meeting.”

“Changes to the by-laws or governing documents must be approved by the members at the annual meeting.”

“The 990 is reviewed by the executive director, the president and the treasurer who recommend to the board of directors that the 990 be signed and submitted.”

“Each project is fully transparent with all principals being known.”

“Organization documents, financial statements and form 990 are available at the cfh office upon request. The form 990 is also available through organization's website and through other organization websites such as guidestar.”

“OTHER PROGRAM SERVICES 4: In 2014, CFH was selected to administer the Down Payment Assistance Program in Northern Virginia as a sub-grantee of the Virginia Department of Housing and Community Development. CFH was appointed to continue the program in 2015. In January 2014, CFH received $100,000 and created homeownership opportunities for 6 individuals. In January 2015, CFH was awarded another $100,000 which provided down payment assistance for 7 households. Because these funds are awarded annually, there is an over-lap of fiscal years. One closed in May 2014 during Fiscal Year 2014; 7 were closed during Fiscal Year 2015; the additional 5 applicants were closed from July through December 2015. A total of direct-service funds (pass through) of $104,936 was expended in Fiscal Year 2015. OTHER PROGRAM SERVICES 5: Edie Streett Security Deposit Program - The organization provides security deposit assistance for households who need to move into adequate rental homes and whose incomes are below 50% of the area medium income. Many of those served are moving from homeless situations. There were 30 households served consisting of 38 adults and 36 children. Expenses incurred during fiscal year ended June 30, 2015 was $28,105. OTHER PROGRAM SERVICES 6: Choices Life Skills CFH launched a comprehensive life skills program to enhance the basic life skills of CFH tenants and the clients of Program Partners. CFH provides information in classroom settings as well as to train facilitators for our Program Partners who will continue to train the Choices program. CFH continued to market the Choices program, trained an additional class with a facilitator and is in negotiation with other organizations to provide training to their clients during Fiscal Year 2016. Expenses incurred during Fiscal Year ending June 30, 2015 was $51,858 which covered the salary and benefits of the Life Skills Coordinator who is providing the marketing and training for Choices. OTHER PROGRAM SERVICES 7: Linton Hall Manor - the Organization developed and sold 23 single family and 19 townhome lots between 2005 and 2012. In the agreement with the County the Organization is obligated to complete certain site improvements before their bond is released. Expenses incurred during fiscal year ended June 30, 2015 was $27,944. OTHER PROGRAM SERVICES 8: King George County - the Organization purchased land in 2009 with the intent to develop 14 townhomes and sell them to County employee per a proffer agreement. The Organization made a determination in fiscal year ended June 30, 2015 that the value of the land had decreased and wrote down the carrying costs. An expense was recorded in the amount of $224,326.”

“The cfh staff made a recommendation to the board of directors who voted on the selection of the auditing firm.”