Atlantic County Homes Inc.

“The annual Form 990 of the Organization shall be reviewed by the Executive and Audit Committees of the Board of Directors of the controlling entity of the Organization, which is The Arc of Atlantic County, Inc. With their recommendation, the Form 990 will be distributed to the Board of Directors of The Arc of Atlantic County, Inc. for their approval. This may or may not occur prior to the tax return being sent to the Internal Revenue Service.”

“The Organization regularly and consistently monitors and enforces compliance with the policy during the annual meeting.”

“The Organization has no payroll, however procedures are in place in the Arc of Atlantic County, Inc., the controlling entity of the Organization, to evaluate compensation throughout all entities should the need arise. The procedures are as follows: At the end of each fiscal year, the board chair initiates the process of evaluation by asking the President for a written review of the year, requesting input from board members about the President's performance and reviewing relevant salary survey information, which they obtain from the national non-profit board associations. The President is typically evaluated against the Strategic Plan approved for the fiscal year being reviewed. In some years personal goals are also established by the President and if such goals have been established, they too are part of the evaluation process. The President and the board chair meet to review written evaluation and board feedback. The review is discussed with the board in closed session and the results along with the salary and/or benefit change recommendations are approved. Any approval salary changes are submitted by the board chair to the CFO for processing. Top management is evaluated annually by the President. The President and the board chair meet to discuss top management performance. The results along with approved salary and/or benefit change recommendations are submitted by the board chair to the CFO for processing.”

“The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request. Form 990 is available upon request and can also be obtained via the website www.guidestar.org.”

“Management has evaluated uncertain tax positions taken by the Agency. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the Internal Revenue Service or other taxing authority. The Agency has recognized no interest or penalties related to uncertain tax positions. The Agency is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax period in progress. Management believes it is no longer subject to income tax examinations for years prior to 2013.”