Boomerang Housing Corporation

“The corporation is managed by bernal heights housing corporation, a nonprofit public benefit corporation related to the corporation by common members of the board of directors and/or the power to appoint directors. Bhhc is responsible for the day to day operations of the corporation, including maintenance of accounting records.”

“The authorized number of directors shall be three. The initial directors shall be appointed by the corporation's incorporator. All subsequent directors shall be appointed by the board of directors of bernal heights housing corporation (bhhc). Each director must be a director, officer or employee of bhhc.”

“There are no subcommittees of the board of directors.”

“The form 990 is reviewed by the affiliated board of directors before it is filed.”

“The goal of the procedures is to ensure that the board of bernal heights neighborhood center, a related california nonprofit public benefit corporation, receives prompt, accurate and thorough responses to disclosure of any actual or perceived conflict of interest. Conflicts are annually disclosed, and any disclosures previously made are promptly updated to the board chair on an annual conflict disclosure questionnaire that asks for identification of their interests that could give rise to conflicts of interest. Advance disclosure is expected for conflicts as they arise so that a determination may be made as to the appropriate plan of action to manage the conflict. Staff must disclose conflicts to their supervisors, and executive directors/board members must disclose conflicts to the board chair. The executive committee of the board will review all actual or perceived conflicts. If the committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If determined that the member has failed to disclose an actual or possible conflict of interst, it shall take approriate disciplinary and corrective action. The review of protocol is done annually for directors, officers, employees and volunteers when completing the annual conflict disclosure questionnaire.”

“Line 15a explantion - the corporation does not pay compensation, either as an employee or independent contractor, to anyone. One of the corporations officers is an employee of bernal heights neighborhood center (bhnc), a related 501(c)(3) exempt organization. Her salary from bhnc is determined based on bhnc's compensation policy which is a step system that is updated every 3 years based on market studies provided by lisc and northern california compensation non-profit salary survey. The policy is managed by the administrative department, reviewed by the executive committee, and approved by bhnc's board of directors. Line 15b explanation - the corporation does not pay compensation, either as an employee or independent contractor, to anyone. One of the corporations officers is an employee of bernal heights neighborhood center (bhnc), a related 501(c)(3) exempt organization. Her salary from bhnc is determined based on bhnc's compensation policy which is a step system that is updated every 3 years based on market studies provided by lisc and northern california compensation non-profit salary survey. The policy is managed by the administrative department, reviewed by the executive committee, and approved by bhnc's board of directors.”

“AVAILABLE UPON REQUEST.”