Jackson Hole Community Housing Trust

“Draft of form 990 provided to board members for review and approval in advance of extended due date of tax return. All board questions are answered and addressed by staff and/or requisite consultants as appropriate. Recommended changes are then incorporated into the final tax return, which is then reviewed and approved by the full board in a regularly scheduled meeting of the board of directors. The tax return is then filed by the extended due date.”

“Each fiscal year, each director will make a full, written disclosure of interests, relationships, and holdings that could potentially result in a conflict of interest. In the course of meetings of the board, each director is required to disclose any interest in a transaction where there could be a conflict of interest. The director will not be permitted to vote on the question and the director will be asked to leave the room for the final discussion. All names, disclosures and discussion points and decisions are recorded in the meeting minutes.”

“The board of directors is required to adhere to the following process when reviewing and approving the compensation package of the executive director and any other highly compensated employee: all decision makers of the board must be impartial and must not have a conflict of interest with the employee; the board must rely on comparability data that demonstrates the fair market value of the compensation of similarly qualified individuals in like positions at like organizations; the board must document how it reached its decisions, the terms of the compensation package, the date approved and the members of the board who participated in the discussion and final decision. Minutes must include the data on which the board relied.”

“The following documents of the organization are made available to the public upon request: form 1023 application of exemption, irs determination letter of exemption, any and all form 990's, the conflict of interest policy of the organization, articles of incorporation, and the bylaws.”

“The jackson hole community housing trust is dedicated to the provision, management and administration of affordable rental and ownership housing in teton county, wyoming and lessening the burden of government for any governmental entity that determines assisting its employees and related supportive personnel to obtain ownership and rental housing opportunities is a growing burden of such governmental entity and part of its governmental function, and that there is a strong need for the assistance of the housing trust in meeting such need.”