Ehc Cornerstone Inc

“Ecd, a corporation exempt pursuant to 501(c)(3) of the internal revenue code, is the sole member of ehc cornerstone.”

“Enterprise community development, a corporation exempt pursuant to 501(c)(3) of the internal revenue code, is the sole member of ehc cornerstone.”

“Ecd, as sole member of ehc cornerstone, appoints and can remove directors. All other authority to manage the corporation is vested in the cornerstone board of directors.”

“The entire board of directors is given a draft of the 990 return for review and comment. After all comments and concerns have been addressed, the return is finalized and filed with the internal revenue service.”

“The parent entity provides administrative services including the following: an annual conflict of interest disclosure exercise is performed by enterprise community investment, inc. Every year. Officers, and directors are required to acknowlege the conflict of interest policy and to complete a confict of interest disclosure form. The chief legal officer reviews all disclosure forms from the board of directors, and officers and any potential conflict of interests are referred to the board or appropriate committee of enterprise committee investments's parent board of trustees for review.”

“The organization is controlled by enterprise community development, inc. (ecd). Ecd performs frequent market analysis to assess its compensation structure for its president, officers, and other employees as well as its subsidiary organizations. The analysis is reviewed by the board of directors. The human resources and compensation committee of ecd's parent company, enterprise community investment, inc. (eci) reviews the reasonableness of the president's compensation and makes a compensation recommendation to the ecd board for approval. These processes are documented through meeting minutes of both the eci human resources and compensation committee and the board.”

“Documents are made available to the public upon request.”