Idaho Partners for Home Buyer Education Inc

“Business relationship - gerald hunter and susan semba”

“The organization has members; individuals and corporations can become members of the organization by contributing to the organization. $50 for individuals and $200 for corporations. For calendar year 2014 no membership or sponsorship fees were collected.”

“Members of the organization elect the board of directors except in the event of a vacancy of the board wherein the board may appoint/approve an interim director until the next annual membership meeting.”

“The board of directors has the decision making capability over the majority of items outlined in the articles of incorporation and bylaws. Some items, such as election of board members, are left to the membership. The articles of incorporation as well as the bylaws dictate what is decided by either the membership or the board of directors.”

“The organization does not have any committees with authority to act on behalf of the governing body.”

“A copy of the form 990 will not be provided to the entire board before filing. The form 990 is reviewed by the organization's homebuyer education/counseling administrator and secretary/treasurer as well as by the vice president prior to filing.”

“Compensation for the top management officials, the homebuyer education/counseling administrator and the housing buyer education support specialist, is reviewed and approved by the hr staff of the idaho housing and finance association on an annual basis. A compensation comparison study was last performed at hire date in 2009.”

“All governing documents are held at the organization's location of business. Governing documents and financials are available to the public during business hours at the public's request.”

“2014 net income (loss) - cash basis method of accounting: the organization's form 990 is prepared using the cash basis method of accounting. Therefore, users of the financial information should be aware that the timing of grants and the related expenditures of those grants will not align each year. The organization keeps records that track grant revenues and grant expenses as allocable to the specific calendar year.”

“For calendar year 2014 idaho partners for homebuyer education, inc. Conducted the work through june 30th. As of july 1st, everything associated with iphbe, inc. Was transferred to idaho housing and finance association (ihfa) and they continued offering the same services and programs from july 1st, on.”

“Checking and savings transfer to ihfa -395,130.”