Mercy Properties Washington II

“Mercy housing, inc., a nebraska nonprofit corporation, and mercy housing northwest, a washington nonprofit corporation, are members and are exempt from federal income tax as an organization described in section 501(c)(3) of the internal revenue code of 1986.”

“The board of trustees of mercy housing, inc., as a member of mercy properties washington ii, has authority over mercy properties washington ii in various aspects of operations and management. The reserved rights held by the mercy housing board of trustees, which may be further delegated to the president and ceo of mercy housing, inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and, appointment or removal of governing board members and officers.”

“Same as Line 7A.”

“Form 990 is presented to all board members and comments and questions are addressed prior to the form 990 being filed.”

“The audit committee of mercy housing, inc. Reviews annually the conflict of interest disclosures and determines whether any action is required.”

“Periodically the human resources committee within the mercy housing, inc. Board of trustees will review executive salaries to ensure competitiveness with external markets and for internal equity in relation to general employee wages and benefits, individual and organizational performance, and the financial resources of the organization.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the mercy housing, inc. Board of trustees. Mercy housing, inc., and mercy housing northwest are members of mercy properties washington ii.”