Affordable Housing Alliance II Inc

“Philip wood, president and director, and anjela ponce, vice president and director, have a family relationship.”

“The corporation shall have two (2) classes of members: voting members and advisory members. Voting members shall be those persons who have given generously of their resources, (financial and non-financial) talents, time and labor in the spirit of commitment to the corporation and its goals, purposes and programs. Only voting members shall have a right to vote. All initial voting members shall be unanimously approved by the initial board of directors of the corporation ("board") at the initial meeting of the board. Thereafter, a candidate for voting member status must be nominated by at least one (1) director and unanimously approved by all voting members for such a candidate to achieve voting member status. Should all voting members be deceased, additional voting members may be nominated by the board and elected at a special meeting of the board. Criteria to be considered by the board in electing additional voting members are the candidate's merit and commitment or service to the corporation's past, present and future goals, purposes and programs. Advisory members shall be those persons who apply for membership in the proper form as prescribed by the board, subscribe to and express a willingness to support the corporation's goals, purposes and programs, and make contributions to the corporation. Advisory members shall have no right to vote.”

“There are no committees in place that can act on behalf of the governing body.”

“The form 990 is reviewed by anjela ponce and the finance committee of the board of directors. Questions, discrepancies and comments are directed to accounting. If further clarification is required, the accounting firm who prepared the return will discuss the return with the officers before it is finalized.”

“Directors' activities are reviewed on an annual basis as to their adherence to the corporate conflict of interest policy. Each director is required to complete an annual conflict of interest disclosure.”

“A compensation committee comprised of governing board members qualified to determine appropriate compensation for officers meets bi-annually to conduct a compensation review and study. A proposed officer salary based upon the compensation committee's research and surveys is presented to the board of directors for approval every two years. Upon acceptance by the board of directors a two year employment agreement is put into effect. Should the compensation committee determine that an adjustment to compensation be adjusted prior to the two year term a special meeting is held. The compensation committee uses the following methods to determine compensation: 1) review of salaries ofother nonprofit officers with comparable duties and responsibilities by reviewing the organizations' form affordable 990. 2) in addition, when discrepancy is found the compensation committee will use industry data gathered from the economic research institute, www.erieri.com”

“Aha ii has an open door policy in regard to public viewing of its financial and policy information. All requests to view this information are honored. Electronic copies are emailed to the requestor or the organization will send them a copy. In addition, the organization's tax returns may be viewed on the state of california attorney general's website.”

“Renegotiated interest rate computation with lender 4,147,027.”