Cedo - Housing Development Corporation

“990 is sent to the board for approval prior to signing the tax return.”

“Conflict of interest policy for executive board members resolved, that it is the basic policy of the corporation that all executive board members or members of any committee thereof or officers or employees of the corporation have a duty to be free from the influence of any conflicting interest when they act on behalf of the corporation or represent it in negotiations or advise others in the corporation with respect to dealing with third parties. They are expected to deal with suppliers, customers, contractors, and others having dealings with the corporation on the sole basis of what is in the best interest of the corporation without favor or preference to third parties based on personal considerations. To this end the following rules shall be observed: 1.no member of the executive board or member of any committee thereof or officer or employee of the corporation shall accept from any person, directly or indirectly, whether by himself or herself or through his or her spouse or a member of his or her family or through any partner or business or professional associate, any gift, favor, service, employment or offer of employment or any other thing of value which he or she knows or has reason to believe is made or offered to him or her with the intent to influence him or her in the performance of his or her duties as a member of the executive board or member of any committee thereof or officer or employee of the corporation. 2.no member of the executive board or member of any committee thereof or officer or employee of the corporation who is a partner, officer, or employee of a partnership, firm, or corporation or who owns or controls more than 20 percent of the stock of such corporation, shall represent, appear for, or negotiate on behalf of the corporation in connection with the acquisition or sale by the corporation of any interest in real or tangible or intangible personal property to such partnership, firm, or corporation. 3.no member of the executive board or member of any committee thereof shall participate by discussion, voting, or by any other action taken by the executive board, or any committee thereof, in the enactment of or defeat of a motion which relates to any transaction with any party referred to in paragraph 2 above. In case any such matter is discussed at any meeting where any executive board or committee member who has such an interest is present, he or she shall promptly disclose his or her interest in the matter to be voted on to the chairman of the meeting. He or she shall not vote on the matter and at the discretion of the disinterested members present may be required to leave the meeting during the discussion and the voting on the matter. Conflict of interest policy for employees resolved, that the following conflict of interest policy become the policy of this corporation and be applied to professional nonprofit employees. It is imperative that employees of the cedo - housing development corporation (cedo-hdc) conduct themselves with a degree of honesty and integrity which is beyond reproach or even suspicion. While it is not possible to anticipate every situation and prescribe a precise rule for each, it is possible to set forth certain basic, general principles to be observed by employees at all times. The essence of this policy is that employees shall always deal with others doing, or seeking to do, business with the cedo-hdc in a manner that excludes all consideration of personal advantage. Accordingly, every employee of the organization is subject to the following policy: 1.interest in other business organization employees of the cedo-hdc thereof or members of their immediate families shall not have any interest, direct or indirect, in any other business which inany degree conflicts with the employee's primary obligations to the cedo-hdc thereof. In this regard, employees or members of their immediate families should not possess a significant financial interest in any business that does, or seeks to”

“Cedo - housing development corporation (cedo-hdc) executive director compensation policy and business expense reimbursement cedo-hdc's objective is to provide a reasonable and competitive executive director compensation opportunity consistent with market-based compensation practices for the chief executive officer possessing the experience and skills needed to improve the overall performance of the organization. The original letter of employment will provide all compensation and benefits for the executive director. Cedo-hdc's president will appoint, each year, a compensation and benefits committee whose responsibilities are to review the performance of the executive director and to recommend for approval to the executive board salary and benefits for the executive director. The executive board and compensation and benefits committee are charged with ensuring that the executive director compensation policy and procedures satisfy the irs intermediate sanctions requirements. When incurring business expense, cedo-hdc, expects the executive director to: exercise discretion and good business judgment with respect to those expenses. Be cost conscious and spend money as carefully and judiciously as the individual would spend his or her own funds. Report expenses, supported by required documentation, as they are spent. Expense reports for the executive director must be approved by the organization president or designee. Expenses will not be reimbursed unless a written expense report is submitted. The expense report should be submitted monthly. Other items to be included in this document are organization policy and procedures related to the following approved expenses and benefits for the executive director: organization-provided automobile/personal vehicle reimbursement general travel requirements, including car and air travel on behalf of the organization lodging while traveling on behalf of the organization business meal reimbursement entertainment and business meetings other expenses cedo-hdc maintains a strict policy that expenses in any category that could be perceived as lavish or excessive will not be reimbursed as business expenses of the organization. Expenses that are not reimbursable include, but are not limited to: "first-class travel or airline upgrade certificates (a.k.a. Coupons) "barber, manicurist, shoe shine, masseur "toilet articles, clothing, etc. (unless baggage is lost) "child/pet/home care "personal reading matter, including newspapers "use of hotel facilities such as pay tv movies, health club, sauna, steam bath, etc. "theater or other personal amusements "transportation to and from home during normal workdays "unauthorized trips, entertainment, gifts, or donations "car rental over standard vehicle model or rental level "car rental extras such as satellite navigation or satellite radio "laundry (unless five or more consecutive business travel nights and required to continue trip) "alcoholic beverages”

“No documents available to the public”