Nuorisosäätiö provides rental apartments and housing support for young adults aged 18-29 who are working or seeking employment in the near future.
The purpose of Nuorisosäätiö is to develop youth education and to support young adult's independence and adulthood. Nuorisosäätiö supports young adults in independent living and living by building and maintaining affordable rental housing.
Board Members of Nuorisosäätiö
Jari Laine, Chairman
Ippa Hertzberg, Vice-Chair
Kimmo Pihlman, Member
Kimmo Pihlman, Chief Executive Office (CEO)
Jaana Lehtimaa, Finance Manager
Riku Halinen, Service Manager
Rule of the Foundation
The name of the foundation is Nuorisosäätiö sr. The foundation is based in Helsinki.
The purpose of the foundation is social youth work and specifically the development of youth education and support for young people's independence.
In order to achieve its purpose, the Foundation rents apartments to young people and possibly to people who belong to special groups who need special support even after their actual youth and who have become tenants of the Foundation at a young age.
Tenant selections follow the tenants selection guidelines of the Housing Finance and Development Center of Finland. The rental of apartments is guided by social principles, in which social counseling, education and educational work are carried out and guided leisure activities are organized. The Foundation may also carry out its purpose in any other form of activity which directly contributes to that purpose.
The Foundation may carry out its purpose in its own activities, through companies wholly or partly owned by it, or in co-operation with other entities or foundations.
In order to finance its activities, the Foundation may engage in the management of real estate and the leasing activities required for the performance of the Foundation's activities. The Foundation may engage in the rental of commercial, office and parking spaces as well as residential apartments rental.
The Foundation's financial management must be planned.
The affairs of the Foundation are managed and represented by a Board elected for two (2) years at a time, which consists of a minimum of three (3) and a maximum of seven (7) full members and a maximum of two (2) alternative members.
The term of office begins at the end of the selection meeting and ends two years after the end of the selection meeting. The selection meeting must be held by the end of May at the latest.
The government complements itself.
The Board elects a chairman and a vice-chairman from among its members.
The Chairman of the Board is responsible for ensuring that the Board convenes when necessary. Invitations to Board meetings shall be sent to members at least three (3) days prior to the meeting by letter or electronically to the address provided by the Board member to the Foundation. Other communications to Board members are sent in the same manner.
A quorum is reached when more than half of the members of the Board, including the chairman or vice-chairman, are present.
Decisions are taken by simple majority. In the event of a tie, the chairman shall have the casting vote.
More than half of the votes cast will be elected. If, for the first time, none of the candidates receives more than half of the votes, the election shall be held between the two who received the most votes. In the event of a tie, the election shall be decided by lot.
Minutes shall be drawn up of the meetings of the Board of Directors, in which the decisions made and the votes cast shall be recorded. The minutes shall be signed by the chairman of the meeting and by at least one member elected at the meeting.
The Board may appoint a bureau for the Foundation.
The Board of Directors may appoint other standing or temporary committees or commissions and determine their composition and duties.
The Foundation may have an agent or the CEO and the CEO may have a deputy.
The name of the foundation is written by the chairman or CEO of the board alone or by the persons authorized by the board alone or two together.
Board members may be paid a reasonable meeting fee and a reasonable fee for other work done for the Foundation.
The financial year of the Foundation shall be the calendar year.
The change of a member of the Board and the signatories must be notified to the Foundation Register of the National Board of Patents and Registration without delay.
The rules of the Foundation may be amended if at least four-fifths (4/5) of the members of the Board of Directors support it. The dissolution of the Foundation shall be decided in the same order.
If the foundation is dissolved or liquidated, the foundation's funds will be used for the benefit of social youth work.