Wesley at Murray Inc.

“Wesley at murray, inc. Is managed by wesley housing corporation of memphis, inc., a professional property management company. Wesley housing corporation of memphis, inc. Has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development. Under this certification, hud has approved wesley housing corporation of memphis, inc. To manage the wesley at murray, inc. Apartment community. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

“The charter and bylaws were amended to eliminate the three different classes of directors, standardizing and naming of a nomination committee and changing the annual meeting to be held in the last quarter of the year.”

“A copy of the form 990 is reviewed by an officer prior to filing.”

“The organization periodically reviews and updates the disclosed interests of the officers, directors, and key employees that could potentially give rise to conflict.”

“Compensation of all employees is determined through approval of the budget.”

“Information is available through www.guidestar.org or upon request.”

“Hours worked for related organizations all of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.”

“Oversight of auditing function an audit committee reviews the audit results and selection of the auditing firm through a periodic competitive bidding process.”