Wesley Murray Meadow Inc.

“Wesley murray meadow is managed by wesley housing corporation of memphis, inc., a professional property management company. Wesley housing corporation of memphis, inc. Has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development. Under this certification, hud has approved wesley housing corporation of memphis, inc. To manage the wesley murray meadow 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 charter and bylaws were amended to eliminate the three different classes of directors, standardizing and naming of a nomination committee and changing the annual meeting to be held in the last quarter of the year.”

“A copy of the form 990 is reviewed by an officer prior to filing.”

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

“The compensation of all employees is determined through the approval of the budget.”

“The organization provides its financial information to the public through www.guidestar.org and upon written request.”

“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.”

“Return of minimum capital investment to sponsor -6,370.”

“An audit committee reviews the audit results and selection of the auditing firm through a periodic competitive bidding process.”