Causa Community Development Inc.

“Causa community development, inc. Is managed by tiempo, inc., a professional property management company. Tiempo, inc. Has a project owner's and managements agent's certification for multifamily housing projects with the u.s. Department of housing & urban development. Under this certification, hud has approved tiempo, inc. To manage the causa community development, inc. Apartment community. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

“Notwithstanding any term, condition, or provision of the articles of incorporation to the contrary, so long as a mortgage or deed of trust upon the corporation's property is insured or held by the secretary of housing and urban development to secure repayment of the insured loan under section 221(d)(3) of the national housing act of 1934, as amended, the corporation, without prior written consent and approval of said secretary, shall not engage in any other business or activity, including the operation of any other rental project, nor incur any liability or obligation not in connection with the housing project which is the subject of the insured 221(d)(3) loan from said secretary being assumed by the corporation.”

“The auditing firm sends a draft of the return to the management company. The management company forwards a copy of the return to each board member for their comments prior to filing.”

“The conflict of interest policy requires an annual declaration by all board members and key staff. The organization adheres to the code of conflict guidelines in the omb a110 circular. All potential conflicts are reviewed by the board of directors. Any board member who has a potential conflict of interest in a specific action of the board under consideration at a meeting is expected to excuse themselves from any influence on such action, request the minutes of the meeting, note their abstention and, where appropriate, leave the room during discussion of the action. Since every situation and circumstance cannot be anticipated or disclosed in advance, the organization relies upon the honesty and integrity of each individual to comply with this protocol.”

“The form 990 and all related financial and policy information are made available to the public upon written request.”

“The compensation listed on schedule j and elsewhere in this return is for services provided to and paid by chicanos por la causa, inc. Which is a related organization through common board of directors with the organization.”

“The management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”