60 King Street Inc

“On november 17, 2016, john r. Galvin, paul p. Moran and william white resigned from the board of directors and john m. Kelly, denise m. Parent and amanda mcmullen were appointed to the board of directors. The following actions took place on december 22, 2016: the resignations of directors john m. Kelly, denise parent and amanda mcmullen from the board of directors were tendered and accepted; the resignations of directors frank shea and sean creegan, tendered and accepted on december 15, 2016, were acknowledged and ratified; article viii of the bylaws was amended to state that the number and constitution of the members may only be changed by unanimous approval of the members, except upon the termination or resignation of the member, whereupon the board shall have such authority; artice iii section 3.1 was amended to state that the board of directors shall consist of 6 individuals appointed by the member and that the board may elect a chair from among the directors; msc realty, inc. Resigned as sole member of 60 king street, inc. And the resignation of msc realty, inc. Was accepted and ratified; olneyville housing corporation was designated the sole member of 60 king street, inc.; the following individuals were appointed to fill the five vacancies on the corporation's board of directors due to the aforementioned resignations: michael devos, robert mcmahon, clay rockefeller, jay o'grady and alan noiset; and michael devos was appointed president of the board of directors of 60 king street.”

“At august 31, 2016, the organization's sole member was msc realty, inc., an exempt entity under section 501(c)(2) of the internal revenue code. Subsequent to the organization's year end, and as further described in response to part vi, question 4, on december 22, 2016 msc realty inc. Resigned as the sole member of 60 king street, inc. And olneyville housing corporation was designated the sole member.”

“As of august 31, 2016, msc realty, inc., as the organization's sole member, was entitled to appoint three of the organization's six directors directly. The remaining three directors are appointed by the member from a list of individuals recommended to serve on the board by the executive director of olneyville housing corporation. See explanation to part vi, line 4, for change effective december 22, 2016.”

“The form 990 is reviewed by the finance committee of related organizations, meeting street and msc realty, inc. All directors of the organization receive a copy of the form 990 prior to filing.”

“Each director must sign a conflict of interest acknowledgement upon commencement of association with the organization. Any director who may be involved in a business transaction in which there is a possible conflict of interest shall promptly notify the president. The director shall refrain from voting on such matter and the director, or the president in the director's absence, will disclose the potential conflict of interest to the other board members before the vote takes place and such disclosures shall be recorded in the board minutes. Any transaction involving a potential conflict of interest shall have terms that are fair and reasonable as though the organization was dealing with an unrelated party.”

“The public can obtain a copy of the 990 upon request to the organization.”

“The public can obtain documentation upon request.”

“Oversight of the audit is under the responsibility of the meeting street and msc realty, inc. Finance committee.”