Network Housing 2005 Inc.

“The sole member of this organization is the sponsoring organization, community housing network, inc. (chn) an ohio 501(c)(3) nonprofit corporation.”

“The member, chn, has the right to elect or appoint members of the governing body, whether periodically, or as vacancies arise, or otherwise.”

“The member, chn, has the right to approve significant decisions of the governing body. A trustee of the organization is automatically resigned in the event the trustee loses approval from chn or is no longer a trustee of chn.”

“The chief financial officer thoroughly reviews the return, compares it to the audited results and reviews all questions for accuracy. Upon satisfaction to the accuracy of the return by the chief financial officer, the return is submitted to the board for approval before filing the return.”

“The sponsor organization, community housing network, inc. (chn), and its related organizations have a written conflict of interest policy that applies to all employees, officers, and board members. Each year conflicts of interest are monitored by management distributing forms to board members and employees requiring them to first disclose any potential conflicts to the ceo. If the ceo is the person in conlfict, the potential conflict is disclosed to the board chair. The board chair determines whether a conflict or potential conflict exists is material. Any disclosures determined to potentially exist and be material is then disclosed to the rest of the board of trustees to determine under what conditions the transaction may be permitted. If a conflict of interest is present, the interested person may attend presentations at the governing board or board meetings, but must excuse themselves from any discussions or decisions made after the presentations. Any employee who violates the policy is subject to a disciplinary action, up to and including discharge, and any board member who violates the policy may be required to resign from the board.”

“A related organization, community housing network, inc. [31-1222236], oversaw compensating executives of the organization. The community housing network board met in executive session to consider the chief executive officer's performance and review compensation in part against peer nonprofit organizations. The compensation process was last conducted in 2023.”

“The organization makes the governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Number of individuals employed in calendar year: community housing network, inc. Serves as a common paymaster and charges the organization for payroll, payroll taxes and benefits for administration, finance, maintenance and rehabilitation, property management or tenant services personnel that work on behalf of the organization. Accordingly these employees are not directly employed by the organization.”