Rivington Housing Development Fund Company Inc

“Asian americans for equality, inc., through a business and financial services agreement with rivington housing development fund company, inc., provides general business and asset management services, assistance and support in the recording of corporation's books in accordance with generally accepted accounting principles, preparation of financial reports for internal control, and external compliance, purposes, coordination of, and assistance with, the preparation of cpa audited statements, and budgeting.”

“Rivington housing development fund company, inc. Is a membership organization with asian americans for equality, inc., as a sole member.”

“Directors shall be elected at the annual meeting of the members by vote of a majority of the entire membership.”

“The following corporate actions may not be taken without the approval of the members: (a) a majority of the votes cast at a meeting of the members is required for (1) any amendment of or change to the certificate of incorporation or (2) a petition for judicial dissolution; (b) two-thirds of the votes cast at a meeting of the members is required for (1) disposing of all, or substantially all, of the assets of the corporation, (2) approval of a plan of merger, (3) authorization of a plan of non-judicial dissolution, or (4) revocation of a voluntary dissolution proceeding. Provided, however, that the affirmative votes cast in favor of any such action shall be at least equal to the minimum number of votes necessary to constitute a quorum. Further, the members can also remove any director any time with or without cause by a vote.”

“At least 14 days prior to filing, the organization distributes a draft form 990 to the board for review. Ten days are allowed for feedback, through the board treasurer, before form 990 is finalized and filed. A copy of the filed form 990 is provided to the board for their records.”

“Directors and officers are issued with a copy of the organization's current conflict of interest (coi) policy upon appointment, and annually thereafter. Directors and officers complete annual declarations to either confirm no conflicts, or identify possible and/or actual conflicts.”

“The organization uses the following to determine the compensation of its top management official: 1) compensation committee; 2) compensation survey or study; and 3)approval by the board or compensation committee.”

“Governing documents, conflict of interest policy and financial statements are available to the public by request to any board member or officer. These documents are maintained at the organization's registered office.”

“The process of overseeing the audit and selection of independent accountant has not been changed from the prior year.”