Tarrant County Housing Partnership Inc

“The 990 is provided both to the finance committee and board prior to filing. Where practical, the 990 is presented during the regularly scheduled meeting. If not, it is sent electronically for review, questions, and discussion.”

“Monitoring and Compliance Procedures for Conflict of Interest Policy: HC's conflict of interest policy is designed to help directors, officers, employees and volunteers of the Housing Channel, Inc. identify situations that present potential conflicts of interest and to provide Housing Channel, Inc. with a procedure to appropriately manage conflicts in accordance with legal requirements and the goals of accountability and transparency in Housing Channel, Inc. operations.Monitoring Procedures: Housing Channel has arranged for the supervision and/or functional segregation of each director, officer, employee and volunteer and/or performance of carrying out organizational activities where the interests of each director, officer, employee and volunteer and Housing Channels interests may conflict. These steps are designed to prevent the simultaneous involvement of a relevant person in separate services or activities where such involvement may impair the proper management of conflicts.Prior to board or committee action on a Contract or Transaction involving a Conflict of Interest, a director or committee member having a Conflict of Interest and who is in attendance at the meeting shall disclose all facts material to the Conflict of Interest. Such disclosure shall be reflected in the minutes of the meeting. If board members are aware that staff or other volunteers have a conflict of interest, relevant facts should be disclosed by the board member or by the interested person him/herself if invited to the board meeting as a guest for purposes of disclosure.The President will monitor proposed or ongoing transactions of the organization (e.g., contracts with vendors and collaborations with third parties) for conflicts of interest and disclose them to the board and staff, as appropriate, whether discovered before or after the transaction has occurred.In the event it is not entirely clear that a Conflict of Interest exists, the individual with the potential conflict shall disclose the circumstances to his or her supervisor or the Chair or the Chair's designee, who shall determine whether full board discussion is warranted or whether there exists a Conflict of Interest that is subject to this policy.Policy Reviewa) Each director, officer, employee and volunteer shall be provided with and asked to review a copy of the Policy and to acknowledge in writing that he or she has done so.b) Annually each director, officer, employee and volunteer shall complete a disclosure form identifying any relationships, positions or circumstances in which he/she is involved that he or she believes could contribute to a Conflict of Interest. Such relationships, positions or circumstances might include service as a director of or consultant to another nonprofit organization, or ownership of a business that might provide goods or services to Housing Channel Inc. Any such information regarding the business interests of a director, officer, employee or volunteer, or a Family Member thereof, shall be treated as confidential and shall generally be made available only to the Chair, the Executive Director, and any committee appointed to address Conflicts of Interest, except to the extent additional disclosure is necessary in connection with the implementation of this Policy.c) The policy shall be reviewed annually by each member of the Board of Directors. Any changes to the policy shall be communicated to all staff and volunteers.”

“Executive Director Compensation Policy Line 15a&b, General Policy:Housing Channel has an Executive Director Compensation Policy. The policy requires the Executive Committee to meet at least annually to review changes to compensation and benefits for the President. The review will include a review of the prior year's performance and the goals and objectives established for the upcoming year. The Executive Committee will obtain a salary survey of comparable positions in area nonprofits to determine comparability of compensation. Members of the executive committee make an independent review and approval of the annual compensation and benefits of the President.This process is required for the President and the Vice President positions.Housing Channel's Personnel Policies and Procedures were originally approved March 8, 2000 and amended February 20, 2004 and September 10, 2014. With regard to Executive Director Compensation, it states under Section XII - Working Conditions, Policies and Procedures, "Salary changes of the President and Vice President will be subject to Board approval and must be in writing/email from the Board Chair before funds can be disbursed."Approval is documented in the board minutes.”

“These items are available to the public upon request.”

“The housing channel foundation was established to operate for the benefit of, to perform the functions of, or to carry out the purposes of housing channel, an nonprofit organization.”

“Proceeds from the sale of six lihtc multifamily rental projects were deposited into investmenet accounts to establish the housing channel foundation.”