Brick Capital Community Development Corporation

“Form 990 is presented to the board of directors for its review and approval prior to being filed.”

“Board members and employees are required to disclose conflicts of interest when they arise. A conflict of interest policy is signed annually.”

“Current executive director pay is approved by the board.”

“Organizational and other documents are available upon written request to the organization's office.”

“Former executive director of the organization was due a retirement payment of 16382.00, which was paid in full in 2020.”

“This process has not changed from prior years.”

“Received property as a non cash donation to build homes in the future”

“The return is being amended to report restatements to the organization's 2020 audited financial statements. The restatement is due to non-arm's length purchases of land that resulted in additional contributions equal to the excess of fair market value over the sales prices totaling $686,992. Certain other changes were made to conform with the audited financial statements. Lastly, additional schedules were amended and/or added to properly report the required detail for the organization's public support and contributions received. These changes resulted in the following: form 990, part iii, line 4a - the organization paid no grants during the year so $0 is now reported. Program service revenue has been amended to $205,134 to agree with part viii. Form 990, part vii - according to the organization's bylaws, the position of executive director is not considered an officer position. Additionally, kerry bashaw's compensation was below $100,000; therefore, he has been removed from the list of officers and highest compensated employees. Form 990, part viii - lines 1e and 1g are amended to report the contribution and corresponding noncash amount of $686,992. Line 1f is amended to breakout cash grants from government units totaling $41,090 reported on line 1e and program service revenue totaling $13,000 reported on line 2c. The gain on sale of real property is properly reported on line 7 instead of line 11. Form 990, part ix - the breakout of program service expenses and management expenses in columns (b) and (c) are amended to conform to the audited financial statements. Form 990, part x - line 10a increased $686,992 to report the additional land contributions. Form 990, part xii - the financial statements were audited on a separate basis. Line 2b has been updated to properly reflect this. Schedule a, part iii, section a - line 1 for 2020 is amended to report all contributions reported on part viii, line 1h. Line 2 is amended to report the gross receipts from program services for 2016 to 2020. Line 7a is amended to report contributions from disqualified persons. Schedule b was added to report all contributions over $5,000. Schedule d, part vi - the additional land of $686,992 has been added to line 1a. Schedule d, part x, line 2 - the audited financial statements contained a statement regarding uncertain tax positions. This box has been checked and the statement added to the supplemental information. Schedule d, part xi - total revenues per the audited financial statements on line 1 is amended and reported at $1,952,492. Schedule m, part i - line 15 column (c) is amended to report the additional land contribution totaling $686,992.”