4Th Second

“Richard Fisher and Emily Fisher are married. Board decisions require more than 51% board member approval.”

“The draft Form 990 is reviewed and approved by the President and Treasurer and sent to the Board of Directors prior to filing. The Board of Directors is also provided a filed copy of the Form 990.”

“Any interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. Conflicts, if any, are resolved promptly. Further, to ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted. The periodic reviews, at a minimum, include the following subjects:(a)Whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining. (b) Whether partnerships, joint ventures, and arrangements with management corporations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“4th Second provides its Internal Revenue forms, bylaws, conflict of interest policy, and financial statements to the general public for inspection upon request and free of charge.”

“4th Second expanded upon its existing work with individuals experiencing homelessness. The UpHousing Project seeks to develop the steps that support the climb up the ladder of housing stability. whether from curbside communities or through the development of affordable housing. Investigations and predevelopment activities were undertaken on properties to serve as emergency shelters and develop affordable housing. A transitional housing program and day resource center were established by 4th Second and its coalition of partners to provide wrap-around services to promote health and wellness while working to transition individuals into permanent and stable housing.”

“Case Management and Housing Navigation Services provided to people experiencing homelessness.”

“Vacant Land which was donated to 4th Second to support its commitment to affordable housing solutions. The property was appraised at $82,000 at the time of transfer. The appraisal considered lot sales as a good indicators of value as compared to the subject property and considered a Mid-Range value estimate.”