Franklin Hill Revitalization Corporation

“The restated articles of organization now explicitly permit a transfer of funds from the corporation to the boston housing authority as permitted by the supreme judicial court. The amended by-laws include a new conflict of interest policy.”

“The sole member of the organization is the boston housing authority.”

“The organization's sole member, the boston housing authority, has the power to appoint the members of the governing body who serve ex officio by virtue of being key employees of the boston housing authority.”

“The organization's sole member, the boston housing authority, has the reserved governance decisions to authorize dissolution of the organization, review the books and records of the organization, and appoint the directors and officers of the organization who serve ex officio by virtue of being key employees of the boston housing authority.”

“There is no committee that has the authority to act on behalf of the board.”

“The form 990 will be completed annually by management and the outside accountants. The board will have the authority to approve the final form 990 for filing with the irs.”

“The amended by-laws have a conflict of interest (coi) provision stating that directors and officers are state employees and shall comply with the requirements of the state conflict of interest law at m.g.l. C. 268a, as amended from time to time, or any successor statute.”

“The organization makes its governing documents, conflict of interest policy, form 990, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d). The form 990 is also available via guidestar.”

“Contract: program service expenses 0. Management and general expenses 1,500. Fundraising expenses 0. Total expenses 1,500.”