Terner Housing Innovation Labs Inc.

“The organization does not have any committee yet.”

“The form 990 is prepared by an outside cpa and is reviewed by the entire board before it is filed.”

“Connection with any actual or possible conflict of interest, any director, principal officer, or member of a committee with delegated by the board of directors must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board, and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Each director, principal officer and member of a committee with board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Outside contract services: program service expenses 12,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,000. Grant services: program service expenses 945. Management and general expenses 0. Fundraising expenses 0. Total expenses 945.”