Asian-American Housing Development Fund Company Inc.

“Aahdfc receives property management services from stanton norfolk ("stanton"), an aafe affiliate. Aafe, stanton's parent company, is also the parent of aahdfc.”

“Asian americans for equality, inc., being the sole member, is entitled to appoint the directors; provided, however, that in the event that additional persons are accepted as members of the corporation pursuant to section 2.2 of the organization's by-laws, the number of directors to be appointed by each member may be reapportioned by a favorable action of the board of directors.”

“The following corporate actions may not be taken without the approval of the members: (a) a majority of the votes cast at a meeting of the members is required for (1) any amendment of or change to the certificate of incorporation or (2) a petition for judicial dissolution; (b) two-thirds of the votes cast at a meeting of the members is required for (1) disposing of all, or substantially all, of the assets of the corporation, (2) approval of a plan of merger, (3) authorization of a plan of non-judicial dissolution, or (4) revocation of a voluntary dissolution proceeding. Provided, however, that the affirmative votes cast in favor of any such action shall be at least equal to the minimum number of votes necessary to constitute a quorum.”

“The form 990 is reviewed by the board prior to signing and filing.”

“Directors and officers are issued with a copy of the current conflict of interest policy on appointment and annually thereafter, directors and officers complete annual declaration to either confirm no conflicts, or identify possible and/or actual conflicts.”

“The organization relied on asian americans for equality, inc. ("aafe"), a related organization, that used the following to establish the president's (executive director of aafe) compensation: the board of directors reviews the executive director's(ed) salary annually and approves any changes. The review takes into account the ed's performance, community conditions, comparisons between similar types of positions, national trends, and aafe's financial position.”

“Governing documents, conflict of interest policy, and financial statements are available to the public by request to any board member. These documents are maintained at the organization's registered office.”

“Change in limited partner's interest -24,734. Gain on transfer of net assets to madision hdfc 200,249.”

“The process of overseeing the audit and selection of independent accountant has not been changed from the prior year.”