Ahni Holdings

“The organization is managed by affordable housing network, inc., the sole member and supported organization of the filing organization.”

“Affordable housing network, inc. Is the sole member of ahni holdings.”

“Affordable housing network, inc., the sole member and supported organization, is entitled to appoint up to three (3) members of the board of directors. The remaining members of the board of directors are elected by the board of directors and are subject to approval of the sole member. As of the tax year ended june 30, 2014, an interim board consisting of the president of ahni and the top financial official of ahni was in place.”

“Certain board actions described in the bylaws may be taken only with the prior consent of affordable housing network, inc., the sole member of the filing organization.”

“The outside tax preparer reviews the form 990 in draft form with the secretary/treasurer. The president and secretary/treasurer conduct an additional internal review of the form 990. All questions and concerns are addressed to full satisfaction before becoming final. The final form 990 is provided to the full board prior to filing with the irs.”

“The organization requires all officers and directors to sign a conflict of interest statement annually as well as report any duality of interest as soon as the interest occurs. When hiring independent contractors for major projects, the organization sends requests for proposal ("rfps.") for major recurring service contracts, rfps are done every 3-5 years or market rates are reviewed by management to ensure that the terms for renewing the contract are still at competitive market rates. Throughout the process, any interested board members and/or committee members must abstain from the discussion and the selection of a contractor. Where major conflicts exists, the board member will either resign as a board member or withdraw his/her firm from consideration for the contract. As an additional safeguard, management reviews vendor lists and board member lists annually.”

“James a. Ernst, president, anne gruenewald, president, and tami gillmore, secretary/treasurer are compensated by four oaks family & children's services, a related tax-exempt entity that is the sole member of affordable housing network, inc., the sole member and supported organization of the filing organization. In setting executive compensation, four oaks utilizes a compensation setting committee, an industry salary survey, and a market review and compensation comparison obtained every three years from an independent accounting firm. Four oaks retains documentation with regard to criteria used to arrive at compensation for officers. Mr. Ernst. Ms. Gruenewald, and ms. Gillmore do not receive additional compensation for the services they provide to ahni or ahni holdings.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”