York Street Project

“Classes of Members or Stockholders The filing organization has one class of members. As per the bylaws, the sole member of the filing organization is Peace ministries, Inc., a nonprofit corporation of the State of New Jersey.”

“Election of Members and Their Rights The member of the filing organization has the power to appoint and to remove, with or wothout cause, the Trustees and the Officers of the filing organization.”

“Decisions Subject to Approval of Members The following are reserved exclusively to the Board of Trustees of the member, Peace Ministries, Inc., some of which require the further approval of its sole member, the Congregation Leader and Council of the canonical entity known as the Congregation of Sister of St. Joseph of Peace: 1) To determine or change the mission and philosophy; 2) To amend, alter, or repeal the Articles of Incorporation and the Bylaws; 3) To purchase, sell, transfer, lease or encumber real property, or substantially all of the assets of the filling organization; 4) To add, terminate, merge, consolidate, affiliate, divide, or seperate substantial programs from the filing organization and/or to merge consolidate, or affiliate the filing organization with any other corporation or organization; 5) To dissolve and to determine the distribution of assets upon dissolution; 6) To enter into new borrowings and to renegotiate, modify or otherwise change existing debt obligations in excess of 15% of the net assets; 7) To form a subsidiary organization, joint venture, partnership, or any other affiliation arrangement; 8) To manage, acquire, or sponsor any institution, corporation, organization, facillity or entity; 9) To appoint and remove, with or without cause, the Executive Director. Each trustee present at a meeting shall be entitled to one (1) vote on each matter submitted to a vote of the member. Once a quorum is attained, all business and affairs of the member shall be transacted by a majority vote of those present.”

“Organization's Process to Review Form 990 The Form 990 was reviewed by key personnel and then reviewed again by members of the audit committee, after which it was sent via email to the Board of Trustees.”

“Compensation Process for Top Official and Officers Compensation is reviewed, discussed, and recommendations are developed during the finance committee's budget planning process and presented to the Board of Trustees for approval”

“Governing Documents Disclosure Explanation The financial statements and the 990 are available through our website and Guidestar. In addition, financial statements, 990, and our governing documents, including our conflict of interest policy, are available upon request made to the organization”

“The organization's audit committee assumes responsibility for oversight of the audit of its'financial statements and selection of the independent auditor. This oversight and selection process has not changed from the prior year.”