Givens Housing Corporation

“The executive committee shall consist of the chairperson, vice president, secretary and treasurer of the corporation and the chairperson of such standing committees of the board as the board may from time to time designate as being additional members of the executive committee. Except as to such powers as the board may expressly reserve to itself by formal resolution, the executive committee shall exercise the powers of the board of directors when the board is not in session in accordance with and as limited by the policies and budgets established by the entire board. The executive committee's actions shall be reported to the board of directors at the next regular or special meeting of the board.”

“The affairs of the corporation shall be managed by its board of directors, which shall consist of twenty four persons in number from time to time and who shall be selected by the western north carolina annual conference of the united methodist church.”

“The audit comittee reviewed the form 990 first and issued a recommendation to the board that they review the 990 and approve for it to be filed. All board members received a copy of the 990 prior to the next board meeting and made a motion that they have reviewed the 990 and took the recommendation of the audit committee to file as presented.”

“The board is required to sign a conflict of interest policy annually. When an individual becomes aware of a new conflict, he or she must fill out another conflict of interest form. If a board member does have a conflict, he or she should acknowledge the conflict and excuse themselves from discussing or voting on an issue where there is a conflict. If anyone becomes aware of a board member not acknowledging a conflict, we make the board chairperson aware of the issue and act accordingly.”

“Givens housing corporation has developed an executive compensation policy that provides a board-based foundation for the development of a fair, reasonable, and competitive compensation package for executive leadership. The compensation and benefits are determined annually to be commensurate with the performance evaluation by board chair, vice chair and secretary then recommended to the executive committee, which in turn will recommend the executive compensation to the full board for approval. The process also utilizes market-rate and performance based comparative data to help determine a reasonable compensation package. The executive compensation and benefits are then discussed with the organization's auditors to ensure reasonableness.”

“The organization's form 1023, form 990, and form 990-t are made available upon request at the administrative office. Recent filings of the form 990 can also be accessed through guidestar.org, a non-profit website.”

“The organization's governing documents and conflict of interest policy are made available upon request at the administrative office. The financial statements are made available upon request and on the emma and guidestar websites.”

“Transfer to givens estates 1,753,657.”

“The organization's financial statements are maintained on the accrual basis of accounting in accordance with the guidelines specified by the department of housing and urban development (hud) for such projects.”

“The process has not changed from the prior year.”