Lohman Village Housing Development Fund

“The sole member of lohman village is the wartburg residential community, inc. (the "residential community"). The residential community is also the sole member of friedrichs housing mm, inc. Wartburg mt. Vernon, inc. (the "parent") is the sole member of residential community. The parent is also the sole member of the wartburg home of the evangelical lutheran church (the "home"), wartburg senior housing, inc. ("senior housing"), wartburg realty, inc. And wartburg management services, inc.”

“The directors shall be appointed at the annual meeting of the member.”

“The lohman village housing development fund has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the members of the audit & governance committee for review. After the finance committee receives and approves the 990, it is electronically sent to the entire board for review before it is filed.”

“A covered person has a financial interest if he or she has, directly or through a related party: (1) an ownership or investment interest in any entity with which the wartburg has a transaction or arrangement; (2) a compensation arrangement with any entity or individual with which the wartburg has a transaction or arrangement; or (3) a potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which the wartburg is negotiating a transaction or arrangement. Compensation includes direct and indirect remuneration as well as gifts or favors that are substantial in nature (i.e., other than gifts of nominal value, which are clearly tokens of respect and friendship unrelated to any particular transaction). A related party is defined as a member of the covered person's immediate family (including parents, siblings, spouse, domestic partner, and minor children or other children residing with the covered person). Each person shall promptly disclose to the board or committee chair all material facts relating to any financial interest, as well as any actual, potential or perceived conflict of interest of which the covered person is aware or reasonably should be aware. The board or committee chairperson shall appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the wartburg can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. A covered person with a financial interest may make a presentation at the board or committee meeting, but after such presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that gave rise to the conflict of interest. Covered persons shall annually sign a statement that affirms they have received a copy of the policy, has read and understand the policy, and has agreed to comply with the policy.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 990, form 1024, and by-laws are also available upon written request or by calling the organization directly.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”