Ucc XV Inc

“United Church Homes, Inc. (UCH) is the managing agent for UCC XV, Inc. d/b/a Laurel's Edge. Under the term of the management agreement approved by HUD, UCH is responsible for the operation of the organization. Management fees and accounting fees are charged to the organization on a per unit per month basis.”

“The organization has a Governing Board of Directors.”

“A copy of the 990 is not provided to all members of the board prior to filing; however, the review process is as follows: The management company prepares and reviews the 990. Upon completion of this review process, the form 990 is then submitted to the full Board of Directors for their information.”

“Financial statements and governing doctrines are available to the public upon request. Copies are located at the housing facility and the corporate office of United Church Homes Inc., sole member and management company of the corporation.”

“UCC XV, Inc. d/b/a Laurel's Edge audit was completed by Plante & Moran, PLLC. Suite 600, 65 East State Street, Columbus Ohio.”

“United Church Homes participates in the annual AAHSA-CEMO Leadership Compensation Survey. The Executive Committee of the BOD requests copies of the annual survey report to consider in setting the compensation package of the President & CEO. In turn, the President & CEO normally relies on this same survey report to determine to compensation package of the Vice President positions.”

“The Parent Organization, United Church Homes, regularly and consistently monitors and enforces compliance with its conflict of Interest Policy as follows: 1. The Organization's corporate Bylaws require that each of the Board of Director members disclose annually, in writing, interests that could be construed as a conflict of interest. 2. On November 1, 1999, the Organization adopted a Corporate Compliance Policy and Program applicable to Directors, Officers, Key Employees, and all other employees, which is inclusive of a Conflict of Interest Policy. The purpose of the Corporate Compliance policy provides that the Organization is committed to conducting its business ethically and in conformance with all applicable laws, regulations, rules and standards.”