Ashmore Homes Inc.

“Property management activities are performed by the related sponsor, coalition home, inc./montgomery county coalition for the homeless, inc.("mcch"), pursuant to a contract approved by hud. Coalition home, inc. And mcch are tax-exempt organizations under section 501(c)(3) of the internal revenue code. Management fees totaling $4,728 were incurred during 2016. As reported on form 990, part vii, section a, the following individual received compensation from mcch: name: reportable compensation: other compensation: susanne sinclair-smith $152,462 $17,108”

“All directors, at all times, be limited to individuals who are either members of montgomery county coalition for the homeless, inc. Or non-members who have the approval of the board of directors of montgomery county coalition for the homeless, inc.”

“In the event that a director of the corporation ceases to be a member of montgomery county coalition for the homeless, inc. Or, if the aforesaid approval is withdrawn, then, in either event, such shall constitute automatic resignation as a director of the corporation.”

“The board acted as a whole on all matters and no committee was appointed during the fiscal year.”

“Ashmore homes, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. If a board meeting is scheduled prior to filing, a paper copy of the return is distributed. Once the board has approved the return it is filed with the internal revenue service.”

“The organization employes the conflict of interest policy of its affiliate montgomery county coalition for the homeless,inc. It does not make the policies or governing documents available but the financial statements are available to the public through the omb website.”