Communities First Inc.

“Glenn Wilson, President/CEO is married to one of the staff/employee at Communities First, Inc. (Essence Wilson).”

“It is the board of directors written policy to review the tax form 990 before it is filed with the Internal Revenue Services.”

“Conflict of Interest compliance is monitored by the Secretary of the Board and the President/CEO. The Board signs yearly statmeents, and are made available to the public.”

“The President / CEO compensation is determined by the Executive Committee and by using Board of Director approved guidelines and pay scales.”

“The Key employee compensation determined by the President / CEO and by using board of Director approved guidelines and Pay Scales.”

“The governing documents are made available to the Public via website of another (Guide Star), and upon request.”

“Note G: Net Property Value Adjustment:During 2017 two properties were purchased by Communities First as assets wholly owned by the organization: 402 W Court Street and Berkley Place (operated under separate entity Berkley Place Apartments LP) 2018. 402 W Court Street was purchased due to the proximity to Swayze Court Apartments with the plan to use as a rentable commercial space. Land was purchased on Ballenger St to build the Berkley Place project (affordable housing in Flint). Berkley was valued at purchase price plus capital improvements at $21,034. 402 W Court Street is valued at purchase price at $106,432. During 2017 one property was purchased by Communities First that was split into two separate entities: Coolidge Park Apartments (which is managed by Communities First) (continue)and Coolidge Park Commercial (which is wholly owned by Communities First) Coolidge Park was a closed school in Flint that was renovated to increase the affordable housing market and the surrounding area was built to allow for a small commercial site to increase employment opportunities in the area and help sustain the economic growth. Both entities were completed in 2020. Coolidge Park Apartments is valued at a net operating income of $147,310 as of December 31, 2020. Coolidge Park Commercial was valued by an outside appraisal firm at $2,429,960. (continue)During 2018 two properties were purchased by Communities First as assets wholly owned by the organization: Avon Park Apartments (operated under a separate entity Avon Park Apartments LLC) and Flint Masonic Temple (operated under the Organization). Avon Park was purchased to maintain the apartments as below market rate rent for senior housing. The Masonic Temple was purchased to retain a historical building in downtown Flint and will be revitalized to utilize the propertys space for the Organizations activities and has rental space available for other events. Both properties were valued by an outside appraisal firm and the valuation of the Masonic Temple is net of loan liability. Avon Park Apartments has a net value of $2,469,810 and Masonic Temple has net value of $213,537. (continue)During 2019 one property was donated to Communities First: Christ Enrichment Center (Name changed to Community Enrichment Center as this is closer with the Organizations mission). This property is under renovation and will be used for Organizational activities, as well as, rentable office space, commercial space, fully operational commercial kitchen, and as a large group venue. CEC was valued by an outside appraisal firm at $1,200,000. During 2020 six properties were purchased by Communities First: The Grand on University (which is managed by Communities First and is owned at 99.99%) was purchased to add affordable housing to the area and is under construction. Georgia Manor (which is managed by Communities First and is owned at 99.99%) was purchased to add (continue)affordable housing to the area and is under construction. Gray Street I and II (wholly owned by Communities First) was purchased to retain the apartments at an affordable rate for the area. Orchard Lane Apartments (wholly owned by Communities First) was purchased to retain the apartments at an affordable rate for the area. Philip Dean Apartments (wholly owned by Communities First) was purchased to retain the apartments at an affordable rate for the area. The Grand is valued at the purchase price of $53,755. Georgia Manor is valued at the purchase price of $2,072.50. Gray Street I and II are valued at a net operating value of $1,153,948 and $4,169,800 respectfully. Orchard Lane was valued by an outside appraisal firm at $830,000. Philip Dean was valued at a net value by an (continue)an outside appraisal firm at $830,000. Philip Dean was valued at a net value by an outside audit firm for $3,718,728.”

“See Overflow Schedule.”

“See Overflow Schedule.”