Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE POLICY CENTER BOARD OF DIRECTORS ARE THE EXECUTIVE COMMITTEE OF THE NATIONAL LOW INCOME HOUSING COALITION AND THE LOW INCOME HOUSING INFORMATION SERVICE. ANY INTERESTED INDIVIDUAL OR ORGANIZATION SHARING OUR PURPOSE AND GENERALLY SUPPORTING OUR PROGRAMS IS ELIGIBLE FOR BOARD MEMBERSHIP. BOARD MEMBERS SHALL NOT BE BOUND BY SPECIFIC POSITIONS OF THE CENTER. |
| FORM 990, PART VI, SECTION A, LINE 7A | BOARD MEMBERS SHALL HAVE VOTING RIGHTS WITH RESPECT TO ELECTION OF DIRECTORS, AND SUCH OTHER MATTERS AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME DESIGNATE. ANY MATTER FOR DECISION BY THE MEMBERS MAY BE DETERMINED BY MAJORITY VOTE OF THE MEMBERS PRESENT IN PERSON AT A MEETING AT WHICH A QUORUM EXISTS. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE POLICY CENTER DOES NOT HAVE OTHER COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE POLICY CENTER'S FEDERAL FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM BASED ON INPUT PROVIDED BY STAFF. UPON ITS COMPLETION, THE DRAFT FORM 990 IS REVIEWED BY THE POLICY CENTER'S BOARD OF DIRECTORS AND SIGNED BY THE PRESIDENT AND CHIEF EXECUTIVE OFFICER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 15A | NLIHC PERIODICALLY CONDUCTS A SURVEY OF SALARIES AND BENEFITS OF STAFF, INCLUDING CEOS/EXECUTIVE DIRECTORS AND OTHER KEY STAFF, FROM COMPARABLE ORGANIZATIONS LOCATED IN OR AROUND THE DISTRICT OF COLUMBIA. THIS SURVEY WAS LAST PERFORMED IN 2010. THE FULL BOARD OF DIRECTORS VOTES ON AND APPROVES THE ANNUAL ORGANIZATIONAL BUDGET EACH NOVEMBER, WHICH INCLUDES PROPOSED ACROSS-THE-BOARD SALARY ADJUSTMENTS THAT ARE APPLIED TO THE CEO AND OTHER KEY STAFF. THE BOARD OF DIRECTORS CONSIDERS THE ORGANIZATION'S BUDGET, AS WELL AS PREVAILING SALARIES AND BENEFITS FOR NONPROFIT CEOS IN THE DC METROPOLITAN AREA, WHEN DETERMINING THE SALARY OF A NEW CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE POLICY CENTER'S BYLAWS, BOARD MINUTES, AND OTHER POLICY DOCUMENTS ARE MAINTAINED AT NLIHC'S OFFICES AND ARE MADE AVAILABLE TO ANYONE WHO REQUESTS TO SEE THEM. FINANCIAL STATEMENTS ARE PUBLISHED IN NLIHC'S ANNUAL REPORT, WHICH IS MADE AVAILABLE TO ALL NLIHC MEMBERS, SUPPORTERS, AND OTHER KEY STAKEHOLDERS AND TO THE GENERAL PUBLIC ON THE NLIHC WEBSITE. |
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