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Form 990, Part III, line 2 | ON MARCH 7, 2019 THE ORGANIZATION ENTERED INTO A CONSTRUCTION CONTRACT WITH TELEGRAPH TOWNHOME PROJECT, LLC (TTP). THE ORGANIZATION AGREED TO DEVELOP SITE AND CONSTRUCT NEW BUILDINGS, IN ACCORDANCE WITH THE CONTRACT. THE ORGANIZATION IS ONE OF TWO EQUITY MEMBERS OF THE TTP. THE TTP'S PURPOSE IN FORMING IS FOR THE DEVELOPMENT, CONSTRUCTION, AND SALE OF AFFORDABLE HOUSING TO LOW INCOME FAMILIES IN WHATCOM COUNTY. ACCORDINGLY, THE ORGANIZATION ACCOUNTS FOR THIS INVESTMENT AS A PROGRAMMATIC INVESTMENT, WHICH MEANS THE INVESTMENT IS FOR THE PURPOSES OF FURTHER ACCOMPLISHING THE ORGANIZATION'S MISSION, RATHER THAN OBTAINING A RETURN ON INVESTMENT. |
Form 990, Part VI, Section B, line 11b | THE FORM 990 WAS DRAFTED BY THE ORGANIZATION'S TAX PREPARER. THE DRAFT WAS REVIEWED BY THE EXECUTIVE DIRECTOR AND FINANCE DIRECTOR AND WAS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS, PRIOR TO FILING. |
Form 990, Part VI, Section C, line 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND DURING NORMAL BUSINESS HOURS. |
Form 990, Part XII, Line 2c: | AUDIT OVERSITE - HABITAT FOR HUMANITY IN WHATCOM COUNTY HAS A FINANCE COMMITTEE THAT OVERSEES THE AUDIT FUNCTION. MEMBERS OF THE COMMITTEE SELECT THE AUDITOR, MEET WITH THE AUDITOR DURING THE FIELD WORK AND REVIEW THE FINANCIAL STATEMENTS AND AUDIT REPORTS. |
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