Tau Crossing Housing Corporation

“The governing body does not receive a copy of the form 990 prior to filing with the irs.”

“Any director, officer or key employee who has an interest in a contract or other transaction presented to the board of directors or a committee thereof for authorization, approval or ratification shall make a prompt and full disclosure of his or her interest to the board or committee prior to its acting on such contract or transaction. Such disclosure shall include any relevant and material facts known to such person about the contract or transaction that might reasonably be construed to be adverse to the corporation's interest. The board or committee to which such disclosure is made shall determine, by majority vote, whether the disclosure shows that a conflict of interest exists or can reasonably be construed to exist. If a conflict is deemed to exist, such person shall not vote on, nor use his/her personal influence on, nor participate (other than to present factual information or to respond to questions) in the discussions or deliberations with respect to such contract or transaction. Such a person shall not be counted in determining the existence of a quorum at any meeting where the contract or transaction is under discussion or being voted upon. The board, prior to voting on the contract or transaction, shall make an affirmative finding that the contract or transaction, if approved, would be fair and equitable. The minutes of the meeting shall reflect the good faith disclosure, the facts disclosed, whether a quorum was present without the interested director's participation, and the abstention from voting.”

“The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.”