Mission First Housing Development Corporation

“The corporation adheres to the provisions of asc 740, income taxes (asc 740). Asc 740 establishes rules for recognizing and measuring tax positions taken in an income tax return, including disclosures of uncertain tax positions (utps). Asc 740 mandates that companies evaluate all material income tax positions for periods that remain open under applicable statutes of limitation, as well as positions expected to be taken in future returns. The utp rules then impose a recognition threshold on each tax position. An organization can recognize an income tax benefit only if the position has a "more likely than not" (i.e., more than 50 percent) chance of being sustained on the technical merits. For the years ended june 30, 2022 and 2021, the corporation has taken no material tax positions on its applicable tax filings that do not meet the "more likely than not" threshold. As a result, no amount for utps has been included in the consolidated financial statements. Management believes it is not subject to income tax examinations for years prior to 2019.”

“Elections not to be treated as exempt entity under section 168(h)(6)(f)(ii) mf park place manager llc-tax i.d.# 85-3336450 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 mf parkside preservation manager llc-tax i.d# 84-4666518 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 monument village manager llc-tax i.d.# 85-0982189 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 mf sassafras manager llc- tax i.d.# 83-1920811 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 1234 mcelderry mfhdc llc-tax i.d. # 83-4033295 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 suitland senior manager llc-tax i.d. # 83-4339310 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 st. Anne's senior manager llc-tax i.d. # 86-1601818 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 420 asquith mfhdc llc-tax i.d. # 84-3660985 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 520 somerset mfhdc llc-tax i.d # 84-1906602 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 somerset aisquith mfhdc llc-tax i.d # 84-1879297 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 pursuant to irc 168(h)(6)(f)(ii), the above listed entities elect to not be treated as a tax-exempt entity effective the year ended december 31, 2021. These entities are 100% owned by the following tax-exempt entity: mission first housing development corporation 2042-48 arch street, 2nd floor philadelphia, pa 19103-1412 tax i.d#: 27-1824650”