Amsterdam House Continuing Care Retirement Community Inc

“Lawrence b. Thompson and r. Scott edmonds are partners in the same business firm.”

“A copy of the form 990 is provided to the audit committee. The cfo makes the 990 available to all board members prior to filing.”

“A interested director means any amsterdam director who has an interest as a principal, partner, director, officer, employee, agent, or stockholder(other than a stockholder of a publicly traded corporation who stock is widely held) of any entity with which amsterdam has or contemplates transacting business. An interested director must disclose the relationship or interest in the transaction to the board of directors of the applicable amsterdam entity.disclosure shall be made to the chairman of the board as soon as the interested director become aware of the potential for a conflict in connection with the transaction who then shall inform the applicable board.if the chairman in involved in the transaction, the chairman shall advise the secretary of the applicable amsterdam entity who shall arrange for board disclosure. No interested director shall participate in the discussion,deliberations and voting regarding a transaction. The affirmative vote of the majority of all the directors of the applicable amsterdam entity,excluded in such counts the interested director,shall be required before entering into the transaction. No transaction shall be invalidated or affected in any way if this policy is followed. All officers and key employees are required to disclose any potential conflicts of interest.said conflicts are addressed by management.”

“Compensation for key employees (sami guedouar) is based on an informal review by the president and chief executive officer of comparable data.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available upon request. And financial statements are available to the public upon on the electronic municipal market access website at http://emma.msrb.org/.”

“Contract labor: program service expenses 700,845. Management and general expenses 0. Fundraising expenses 0. Total expenses 700,845. Skilled nursing and enriched housing: program service expenses 2,935,111. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,935,111. Contract services: program service expenses 257,944. Management and general expenses 148,970. Fundraising expenses 0. Total expenses 406,914. Security services: program service expenses 105,513. Management and general expenses 0. Fundraising expenses 0. Total expenses 105,513. Payroll processing: program service expenses 33,259. Management and general expenses 3,805. Fundraising expenses 0. Total expenses 37,064.”

“Future service obligation adjustment 878,000.”

“This process has not changed from the prior year.”