Lifetime Resources Inc.

“Lifetime Resources, Inc.'s Form 990 and all related schedules, statements and attachments are reviewed and approved by the Board of Directors prior to finalizing and filing these tax returns with the Internal Revenue Service.”

“Lifetime Resources, Inc. periodically distributes conflict of interest questionnaires to each officer, key employee and member of the Board of Directors. The questionnaires include statements regarding other employment, being related to anyone on the board and other items that may create an appearence of a potential independence issue. The identification, evaluation and resolution of those issues are discussed with the appropriate level of management or member of the Board of Directors.”

“Lifetime Resources, Inc's Executive Director and Human Resources Manager will annually review the performance of staff and set annual salaries in compliance with compensation guidelines as set-forth by the Board of Directors. The Board of Directors will periodically review and approve staffing compensation guidelines after a thorough review of all related issues, consultation with independent persons, review of comparable data and deliberation.”

“Lifetime Resources, Inc. makes its governing documents, conflict of interest policy and financial statements, as applicable, available to the public upon written request made to the attention of our Executive Officer and received at our corporate office address. The annual report is also available on the website.”

“Acquisition of Logan Elderly Housing, LP 1,041,825. Acquisition of Logan Elderly Housing II, LP 390,410. Cumulative effect of change in accounting principle -21,533.”

“No changes in process from the prior year.”

“The following Sections have been amended: - Part III has been amended for changes in program expenses and program revenue. - Part VIII has been amended for changes in program service revenue, rent, and other income. - Part IX has been amended for changes to expense accounts. - Part X has been amended for changes in accounts receivable, prepaid expenses, fixed assets cost and accumulated depreciation, accounts payable and accrued expenses, contract liability, and net assets. - Part XI, line 9, has been amended because of a cumulative effect of change in accounting principle. - Schedule A, Part II has been amended for changes to 2020. - Schedule D, Part VI has been amended for changes in fixed assets and accumulated depreciation. - Schedule D, Parts XI and XII have been amended for changes in total revenue and total expenses. - Schedule R, Part I, has been amended for changes in total income and end-of-year assets.”