Community Alliance Housing Corporation I

“The members of this corporation consist of the directors of community alliance, inc., a related nonprofit corporation.”

“Community alliance, inc., a tax-exempt corporation, has the right to approve or disapprove all amendments to the articles of incorporation and to the bylaws of the corporation; any sale, lease, transfer or disposition of all or substantially all of the assets of the corporation; the incurring indebtedness, discontinuation of programs or changes to the mission statement of the corporation; the corporation's annual budget; to appoint the senior managing agent of the corporation, and to receive regular financial reports from the corporation.”

“The form 990 is prepared by the accounting firm which performs the audit of community alliance housing corporation i. Once the form 990 is prepared, it is forwarded to the organization's audit committee, which is comprised of board members and officers. The audit committee reviews the form 990 and reports its findings and recommendations to the board. The form 990 is finalized and submitted upon conclusion of this process.”

“All members of the board of directors and executive leadership are required annually to review the conflict of interest policy and submit a written disclosure/compliance statement. In addition to annual disclosures, all persons subject to this policy are required to immediately report any potential conflicts of interest that arise in accordance with these procedures and abstain from participation in the decision making process.”

“A compensation committee, comprised of independent officers of all community alliance affiliated corporations conducts an annual review of executive compensation for senior administrative staff. The committee utilizes local, regional, and national data of comparable agencies, obtained through form 990s, a local salary survey, and other criteria it deems appropriate in setting the compensation of senior administrative staff.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request at the corporation's main office.”

“There have been no changes from the prior year. The audit committee assumes responsibility for oversight of the audit of the organization's financial statements and selection of an independent accountant.”