Affordable Housing Management Inc.

“There is a nominating committee which presents nominees to board of directors every four years.”

“Affordable housing management, inc. Has four committees which provide various recommendations to the board for areas such as new property purchases, policy and procedural changes. The four committees are: executive committee, audit committee, investment and compensation committee.”

“The typical process affordable housing management, inc. Uses to review the 990 before signing is as follows: the 990 is presented to the executive committee for comments. Once the committee reviews the form and approves, it is sumbitted to the full board for their approval, after which it is signed by the executive director.”

“Affordable housing management routinely provides employees with a code of ethics and conduct/whistleblower document stating all directors, officers and employees shall observe high standards of business and personal ethics in the conduct of their duties and responsibilities. Employees and representatives of affordable housing management must practice honesty and integrity, and comply with all applicable laws and regulations. Violations or suspected violations of this policy may be submitted confidentially by the complainant or anonymously. The executive director will notify the complainant and acknowledge receipt of the reported or suspected violation within 5 business days. All reports will be promptly investigated and appropriate action will be taken if warranted.”

“The compensation committee will meet a minimum of once each year. The executive director will provide a summary of prior calendar year's accomplishments prior to the annual meeting. At the annual meeting, the executive director's annual review will be completed to determine an annual increase in salary and/or bonus for the next fiscal year. The committee also approves any new corporate staff position and salary range that has not been budgeted, salary increases in excess of 10% for any ahm employee and bonuses in excess of $5,000 (based on an annual fiscal year aggregate). All approvals will be documented with a personnel action notice (pan) signed by the board president or another compensation committee officer. The executive director's list of accomplishments will be attached to the pan. The executive director will sign the pan for all other staff salary increases and/or bonuses.”

“The organization will provide these documents to the public upon request.”

“Process for committee assuming reponsibility for oversight of audit this process has remained the same as in the prior year.”