Siete Del Norte Community Development Corporation

“The board members have a business relationship as officers of its sole member, chicanos por la causa, inc. Roger gonzales, as an employee of chicanos por la causa, inc., has a business relationship with each of the other board members.”

“The sole member is chicanos por la causa, inc., an arizona nonprofit corporation.”

“The board of directors is comprised of the executive committee members of chicanos por la causa, the organization's sole member.”

“The sole member's approval is required for (a) any merger, dissolution or liquidation of the corporation: (b) any amendments to the articles or the bylaws: (c) the sale, pledge, lease, or other transfer of assets of the corporation other than transactions occurring in the ordinary course of business; or (d) the issuance or assumption of any indebtedness or obligation by the corporation.”

“There are no committees with the authority to act on behalf of the board of directors.”

“The form 990 is prepared by the cpa firm and reviewed by the vice president of finance for accuracy and consistency with the financial statements. It is then given to the cfo for discussion and review. Once approved by the finance committee, the form 990 is presented to the board prior to filing.”

“The conflict of interest requires an annual declaration by all board members and key staff. We adhere to the code of conduct guidelines in the omb a110 circular. All potential conflicts are review by the board of directors. Any board member who has a potential conflict of interest in a specific action of the board under consideration at a meeting is expected to excuse themselves from any influence on such action. Since every situation and circumstance cannot be anticipated or disclosed in advanced, the organization relies upon the honesty and integrity of each individual to comply with this protocol.”

“The organization's officers and employees are compensated by chicanos por la causa, inc. (cplc). Compensation is reviewed by independent persons based on a compensation study. A recommendation is provided to the executive committee of the cplc board, and the cplc board, then approves the compensation. The process is documented in the meeting minutes and is done on an annual basis. The most recent year this process was done was 2018.”

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

“Other professional fees: program service expenses 67,149. Management and general expenses 4,210. Fundraising expenses 0. Total expenses 71,359. Food service: program service expenses 2,593,289. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,593,289.”

“General partner distribution -75,000. Equity transfer of ladera village 218,391.”

“The organization did not changed its oversight or selection process during the tax year.”