Unity-Parkside Property Inc.

“Unity heath care, inc., a 501(c)(3) corporation,is the sole member of unity-parkside property, inc.”

“Unity heath care, inc., as sole member of unity-parkside property, inc., has the power to appoint the board of directors of unity-parkside property, inc. The board of directors currently consists of four members: the chief executive officer, the chief financial officer, and the chief medical officer of unity health care, inc., as well as the chief executive officer of the unith health care foundation.”

“A meeting is scheduled with the chief financial officer (cfo), chief executive officer (ceo) and the executive committee of the board of unity health care, inc. To review the form 990 before it is filed with the irs. At the meeting, the cfo conducts a detailed review of the form 990 and answers any questions asked. After the meeting, the form 990 is made available to all members of the board of directors of unity health care, inc. For their review and comments. Any comments or questions from board members are incorporated into the form 990 prior to filing.”

“Officers and directors are required to annually sign a conflict of interest report which requires them to disclose all conflicts of interest, including specific information concerning the terms of any contract or transaction with the corporation. If a potential conflict of interest arises concerning a contract or transaction, the board shall consider the material facts concerning the contract or transaction including the process by which the decision was made to recommend entering into the arrangement. The board shall set forth the basis for its decision with respect to approval of contracts or transactions involving conflicts of interest in the minutes of the meeting at which the decision is made.”

“The organization's ceo is the ceo of unity health care, inc., a related tax-exempt organization, and is solely compensated by unity health care, inc. To determine the ceo's compensation, unity health care, inc. Contracts with an independent consultant who performs a market survey/study of similar organizations in size, region, and sector as unity health care, inc. Upon completion of the survey/study, the analysis and recommendation is presented to the board of directors of unity health care, inc. The board of directors then deliberates and agrees on the ceo's compensation and an employment contract is drawn. As a federally qualified health center, all of the board members of unity health care, inc. Are independent.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“The organization did not have a written whistleblower policy in place for 2013. The organization intends to adopt a written whistleblower policy at the annual meeting during 2014.”

“The organization did not have a document retention policy in place in 2013. The organization intends to adopt a document retention policy at the annual meeting during 2014.”

“During 2012, unity-parkside property, inc. (parkside) was established to participate in the internal revenue service's new market tax credit (nmtc) program in order to finance construction of a new health care facility for a "low-income community" in washington d.c., as defined under section 45d(e)(1) of the internal revenue code. Parkside is a non-profit corporation that is exempt from taxation under section 501(c)(3), which is wholly-controlled by unity health care. Pursuant to the nmtc financing program entered into by parkside, usb nmtc fund 2011-3, llc (the investor) made a $6,975,150 capital contribution to d.c. Unity investment fund, llc (the cde) during 2012, which represents a 100% membership interest in the cde. In addition, during 2012, unity health care made an $18,300,000 loan to the cde. The cde then made a capital contribution that qualified as a qualified equity investment (qei) into city first capital 30, llc (sub-cde) of $24.5 million, thereby obtaining a 99.99% ownership in the sub-cde. This qei entitles the investor, as the 100% member of the cde to claim up to $24.5 million nmtcs over a seven year period. The sub-cde is utilizing $23,765,000 million of the proceeds of the cde capital contribution to make qualified low-income community investments (qlici) in and to parkside, the qualified active-low income community business (qalicb). The qlici are in the form of a loan, which consistsof two tranches, loan a ($18,267,350) and loan b ($5,497,650), both of which have an annual interest rate of 1.321%.”