Terry Village Inc.

“Form 990, part vi, section a, line 3: the organization has entered into a management agreement with a management agent for day-to-day management of the apartment community as is customary practice for owners/operators of hud-assisted rental communities. 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 estblish a safe, sanitary and affordable environment.”

“Form 990, part vi, section a, line 7a: the directors of the corporation shall, at all times, be limited to individuals who are either members of mental health america of south carolina, or nonmembers who have the approval of the board of trustees (directors) of the said sponsoring organization. In the event that a director of the corporation ceases to be a member of mental health america of south carolina, or if the aforesaid approval is withdrawn, then, in either event, such shall constitute automatic resignation as a director (trustee) of the corporation.”

“Form 990, part vi, section b, line 11: the return is prepared by cpa firm and sent to the management agent for initial review and approval. The management agent then sends the return to the board of directors for final reiew, approval, and signature.”

“Form 990, part vi, section c, line 19: documents are maintained by the board of directors and copies are provided upon request.”

“Terry village, inc. Is a not for profit corporation formed in accordance with the not for profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 14 unit project known as terry village apartments located in orangeburg, sc.”