Siete Del Norte Community Development Corporation

“David adame, alicia nunez, john ramirez, max gonzales, german reyes, pedro cons, andres contreras, and edmundo hidalgo have a business relationship as officer's of its sole member, chicanos por la causa, inc. Todd lopez, as an employee of chicanos por la causa, inc., has a busines 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 cfo for discussion and review. Once approved by the finance committee, the form 990 is presented to the board.”

“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 reviewed 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, cplc relies upon the honesty and integrity of each individual to comply with this protocol.”

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

“Employees are employees of chicanos por la causa, inc., no federal or state payroll reporting is done by siete del norte community development corporation.”

“The president of the organization is a leased employee of chicanos por la causa, inc. The expense reimbursement for his wages is reported in wages rather than as a management fee.”