Cedar Place Inc.

“Cedar place, inc. Is managed by darwin t. Lynner, inc., a professional property management company. Darwin t. Lynner, inc. Has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved darwin t. Lynner, inc. To manage the cedar place apartment community. 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 establish a safe, sanitary and affordable environment.”

“The majority membership of the corporation shall consist of the congregations of the evangelical lutheran church in america, or its successor, which are invited by the board of directors to be represented in this corporation and which have elected to participate.”

“The board of directors will be elected by ballot at the annual meeting of the corporation.”

“The form 990 is presented to the ceo and entire board of directors for review before its submission to the irs.”

“Review the policy on an annual basis with the board of directors to make sure that everyone is in compliance.”

“The ceo's salary is reviewed by the governance committee. The ceo gathers relevant salary surveys and shares the information with the committee. The committee shares the information with the full board along with its recommendations. The board reviews the information and based on the information, they make a decision on the salary and benefits for the ceo. The ceo makes the salary decision for the key personnel.”

“The form 990 and all related financial and policy information are made available to the public upon written request.”

“Hours worked for related organizations: all of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.”

“Oversight of auditing function: the management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. Each year when the audit is up for bid, the board of directors discusses the relationship with the current auditors and makes a determination to maintain the current relationship or contract a new auditing firm.”