Rural Development Inc.

“Rdi and the board of directors has engaged franklin county regional housing and redevelopment authority to serve as a management company and manage the day-to-day management and operational functions of rdi.”

“The organization's by-laws were amended as follows: 1. To amend article 2, section 1 of the rdi bylaws to read as "the officers of the corporation shall be a president, vice-president, treasurer, secretary, and such other officers as may be designated by the board of director". 2. To amend the second sentence of article 2, section 2 of the rdi bylaws to read as "except as otherwise authorized by resolution of the corporation or these bylaws, the president shall sign all contracts, deeds, and other instruments made by the corporation". 3. To amend article 2, section 4 of the bylaws to read as ""the treasurer shall sign all orders and checks for the payment of money and shall pay out and disburse such monies under the direction of the corporation except as otherwise authorized by resolution of the corporation or these bylaws". 4. To amend section 9 of the rdi bylaws to read as "the board of directors may appoint an executive director. Subject to the general direction of the board of directors, and except as otherwise provided by law or these bylaws, the executive director shall supervise the day-to-day operations of the corporation and perform such other duties as may be prescribed by the directors. Subject to any protocols or limits established by the board of directors from time to time, the executive director may sign on behalf of the corporation any contracts, requisitions and checks to implement the annual budget or any project approved by the directors. The executive director shall serve at the will of the directors". 5. To appoint gina govoni as the executive director of the corporation. 6. To allow the executive director to have contracting and payment authority on behalf of the corporation up to a limit of $100,000, and that any contracts or payments of more than $100,000 shall require approval by the board of directors. 7. To elect gina govoni as the assistant secretary of the corporation, who may perform the duties of the secretary in the absence of the secretary. 8. To reduce the number of authority directors from 3 to 2; thus, increasing the number of non-authority directors from 5 to 6, revising the following in article 4, section 2, as seen in attached. 9. To amend the rdi by laws to replace all gendered language with gender-neutral language.”

“The form 990 is first reviewed by management of franklin county regional housing and redevelopment authority, the management company engaged by rdi to perform daily management and operational functions. Then, the form 990 is provided to the board of directors for review and approval, before it is filed.”

“The board of directors are required to sign off annually on rdi's conflict of interest policy.”

“Rdi's form 1023 is available upon request. Rdi's form 990 is available upon request and another's website at www.guidestar.org.”

“Rdi's governing documents, conflict of interest policy and financial statements are available upon request.”

“Rdi's policy over evaluating its participation in joint venture arrangements involves an assessment performed by rdi's board of directors to ensure the terms of any potential joint venture relationship is permitted under applicable federal tax law and rdi's exempt status is being safeguarded. In addition, formal operating and other applicable agreements are formally executed by all parties involved and clearly outline rdi's role in all joint venture relationships.”

“Other consultants: program service expenses 86,512. Management and general expenses 17,327. Fundraising expenses 0. Total expenses 103,839.”

“Elimination of disregarded entity sanderson place, llc -192,659.”

“The organization has a finance committee that has oversight of the audit process. The finance committee meets with the auditors and presents a summary of the audit results to the full board of directors.”