Mercy Housing Mountain Plains

“Mercy housing, inc., a nebraska nonprofit corporation, is the sole member and is exempt from federal income tax as an organization described in section 501(c)(3) of the internal revenue code of 1986.”

“The board of trustees of mercy housing, inc., as sole member of mercy housing mountain plains, has authority over mercy housing mountain plains in various aspects of operations and management, which are set forth in the reserved rights of the bylaws of the subsidiary corporation. The reserved rights held by the mercy housing board of trustees, many of which have been further delegated to the president and ceo of mercy housing, inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and appointment or removal of governing board members and officers.”

“SAME AS LINE 7A”

“Prior to filing form 990, the governing board reviews the form.”

“The audit committee of mercy housing, inc. Reviews annually the conflict of interest disclosures and determines whether any action is required.”

“Governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“Other professional fees: program service expenses 198,054. Management and general expenses 0. Fundraising expenses 0. Total expenses 198,054. Management services: program service expenses 2,824,975. Management and general expenses 0. Fundraising expenses 239,218. Total expenses 3,064,193.”

“Elimination of mhmp 20 loretto lllp investment balance 3,772.”

“Election under internal revenue code section 168(h)(6)(f)(ii) not to be treated as a tax exempt entity mhmp 19 glendale senior apartments gp llc (ein 88-1222040) located at 1600 broadway, suite 2000, denver, co 80202, hereby elects under internal revenue code section 168(h)(6)(f)(ii) not to be treated as a tax-exempt entity for purposes of applying the rules found in i.r.c. Section 168(h)(6). This election is available to be made by an entity that is not tax-exempt, but which is controlled 50% or more by a tax exempt entity. Mhmp 19 glendale senior apartments gp llc qualifies to make such an election, as it is owned 100% by mercy housing mountain plains, a tax-exempt entity, located at 1600 broadway, suite 2000, denver, co 80202. The purpose of this election is to treat the entity's allocable share of depreciable property owned by mhmp 19 glendale senior apartments gp llc as property which is not tax-exempt use property. Mhmp 19 glendale senior apartments gp llc acknowledges that foregoing election is irrevocable and is binding on all tax-exempt entities holding ownership in mhmp 19 glendale senior apartments gp llc.”