Porter Avenue Housing Development Fund Corporation

“George t. Mcdonald is the president of the doe fund, inc. Harriet karr mcdonald is the executive vice president of the doe fund, inc. John mcdonald is the chief operating/financial officer of the doe fund, inc. George t. Mcdonald and harriet karr mcdonald are husband and wife. John mcdonald is the son and step-son of george t. Mcdonald and harriet karr mcdonald, respectively.”

“For a list members see part vii”

“The chief financial officer, chief operating officer and chief executive officer review the various irs form 990s for the organization. They are then passed onto chairman of finance committee for review and ratified by the chairman of the board at the board meeting.”

“An annual email is forwarded to all doe fund employees asking that any "conflicts" be disclosed immediately to human resources and also reminding them to adhere to policy. For monitoring purposes all staff are asked to be cognizant of such activity and to be given the opportunity to report a conflict anonymously to human resources, should a particular event arise. The conflict of interest policy is distributed annually and signed by the officers, board members and key employees.”

“Every three years, the organization engages a firm which utilizes comparability data and specializes in executive compensation matters to review the compensation of president, executive vice president, chief operating officer and chief financial officer. The board reviews the report provided by the firm and sets the compensation for these officers and key employees in an executive session of a meeting of the board of directors which excludes all employees of the doe fund, inc.”

“The company makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“THE ORGANIZATION IS AMENDING ITS FORM 990 to report amounts that were reclassified to THE related affiliate THe Doe Fund, Inc, subsequent to the filing of the original tax return. THE ORIGINAL FILED TAX RETURN INCLUDED AMOUNTS THAT arE now REPORTABLE ON THE DOE FUND'S amended TAX RETURN. THE FOLLOWING PARTS OF THE TAX RETURN WERE AFFECTED BY THE ADJUSTMENT: THE FOLLOWING PARTS OF THE TAX RETURN WERE AFFECTED BY THE ADJUSTMENT: PART I - SUMMARY PART III - REVENUE AND EXPENSE BY PROGRAM PART VIII - STATEMENT OF REVENUE PART IX - STATEMENT OF FUNCTIONAL EXPENSES PART X - BALANCE SHEET PART XI - RECONCILIATION OF NET ASSETS SCHEDULE A - PART II - SUPPORT SCHEDULE FOR ORGANIZATIONS IN SECTION 509(A)(2) Schedule B - SChedule of Contributors SCHEDULE D - PART VI - LAND, BUILDINGS, AND EQUIPMENT SCHEDULE D - PART X- OTHER LIABILITIES”

“amount reclassified to THE related affiliate THe Doe Fund, Inc. 8,968,674.”

“Audit committee assumes responsibility for oversight of the audit: no change from prior year”

“Salaries paid by related organization: the doe fund, inc. Acts as a common paymaster for this and other related organizations.”