West End House Support Inc

“Westend house, inc. ("weh") is the sole member of west end house support inc.”

“Weh has the power to elect 3 of the 5 directors of west end house support. The 3 members of the board that weh elects shall be directors of weh. Weh annually elects the weh directors on the entity board.”

“A draft of the 990 is made available to all board members. Board members are then given two weeks to raise questions or objections. If no objections are offered, the draft form 990 is considered approved to be submitted.”

“The board of directors and key employees sign off on annual conflict of interest disclosure as part of the annual audit requirements. The organization monitors the conflict of interest policy through distribution to board members and key employees annually. Each person is asked to complete, sign and return a questionnaire detailing the following topics as they pertain to the organization: business transactions and financial interest; disclosure of any known misappropriated assets or fraud: related party financial interests; other interests; independence of board members. The annual distributed conflict of interest questionnaire allows the organization to monitor, prevent, enforce and disclose, any conflict of interest related transactions, positions, and interests.”

“Governing documents, conflict of interst policy, and annual audited finacial statements are made availble to the public upon request for the same period of disclosure as set forth in section 6104(d).”

“During the year ended december 31, 2017, west end house, inc. (weh) entered into a new markets tax credit (nmtc) financing arrangement for the renovation and expansion of its building. In connection with this financing weh formed west end house support, inc. (wehs) to operate exclusively for the benefit of the weh and sold it's building to wehs as part of the (nmtc) financing. The building renovation was completed in june 2018 and placed into service. When the building renovation was placed into service, a loss of $3,506,761 (reported on form 990, part viii, line 7b(ii)) was recognized related to the disposal of previously capitalized renovation costs. Wehs will continue to have a negative net asset or fund balance positon for noncash expenditures of depreciation and amortization of deferred financing costs until the nmtc financing concludes in march 2023.”