Full Circle Communities Inc.

“Milton pinsky and martin pinsky are brothers. David gottlieb is milton pinsky and martin pinsky brother-in-law. Milton pinsky, martin pinsky and david gottlieb have a business relationship in several other for profit entities, including; banner apartments, llc and its affiliates.”

“Milton pinsky, martin pinsky, and david gottlieb are founding members of the not for profit.”

“The corporation shall have one class of three members who shall elect the directors and fill vacancies on the board of directors. Each member may transfer his membership interest, including a transfer designated in their will, provided that they receive no consideration of money, property, or value in respect to such transfer. In the event a member shall die without having transferred his membership interest, including a transfer designated in his will, the remaining members, by unanimous consent shall either elect a new member within one year or such membership position shall be abolished.”

“The members have to approve any amendments to the articles of incorporation. Any provision in the by-laws of the corporation specifying, who the members are, how the members are elected, or qualifications for members or for the transfer of a membership interest may only be adopted or amended with the unanimous consent of the members. Any provision in the by-laws of the corporation limiting the methods the corporation, its officers, and directors use to achieve its charitable purposes may only be adopted or amended with the unanimous consent of the members.”

“The board reviewed drafts of the full circle communities, inc. Audit and form 990. The board was given the opportunity to ask questions and provide comments on the audit and form 990 prior to completion and filing. The board supports the filing of form 990 and completion of the audit with appropriate comments incorporated.”

“Board members abstain from any voting where a conflict could exist. The conflict of interest policy requires that the board of directors annually sign off on the policy.”

“Board obtained a compensation study & recommendation. The board approves all salary adjustments on an annual basis prior to the adjustments taking place.”

“Existing policies, returns and financial statements are maintained at the offices of full circle. These documents are made available to the public upon written request.”

“Conversion from tax books to gaap books 39,050,581. Contributions to noncontrolling interests 11,614,690.”

“The audit committee reviewed drafts of the full circle communities, inc. Audit and form 990 and reported its recommendation to the full board. The board was given the opportunity to ask questions and provide comments on the audit and form 990 prior to completion and filing. The board supports the filing of form 990 and completion of the audit with appropriate comments incorporated. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”