Mercy Housing Inc.

“#1A: Mercy housing, inc. is co-sponsored by nine congregations of religious women who appoint members to the sponsor council. The sponsor council appoints the corporate member group. The reserved rights held by the corporate member group, include approval of the following activities: certain revisions to articles and bylaws, mergers and acquisitions, pledging, mortgaging, or disposing of all or substantially all assets; and appointment or removal of government board members and officers and appointment/termination of the chief executive officer. #6: Mercy Housing, Inc., is co-sponsored by nine congregations of women religious orders. #7 A & B: The board of trustees of Mercy housing, inc. has authority in various aspects of operations and management which are set forth in the reserved rights of the bylaws. the reserved rights held by the mercy housing, inc. board of trustees, many of which have been further delegated to the president and CEO of mercy housing, inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions, establishment of subsidiary entities; pledging, mortgaging, or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and, appointment or removal of governing board members and officers.”

“11A: The Form 990 is submitted to the governing board members for review and if, within 7 days there are no further comments, questions or modifications, the Form 990 is filed with the IRS. 12C: The Audit Committee of Mercy Housing, Inc. reviews annually the Conflict of Interest disclosures and determines whether any action is required. 15B: Annually the Human Resources Committee within the Mercy Housing, Inc. Board of Trustees will review executive salaries to ensure competitiveness with external markets and for internal equity in relation to general employee wages and benefits, individual and organizational performance, and the financial resources of the Organization. to general employee wages and benefits, individual and organizational performance, and the financial resources of the Organization.”

“Governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“Sister Lillian Murphy, RSM, serves as the Chief Executive Officer of Mercy Housing, Inc. The Sisters of Mercy of the Americas West MidWest have entered into a contract whereby Sister Murphy has been assigned to Mercy Housing, Inc. to perform services and provide executive leadership for Mercy Housing, Inc. and its subsidiaries. Sister Murphy is a member of a religious community and has taken a vow of poverty and therefore does not receive any personal income. Sister Murphy is not an employee of Mercy Housing, Inc. Mercy Housing, Inc. makes payments directly to the Sisters of Mercy of the Americas West MidWest for monthly stipend payments and benefits relating to the services performed by Sister Murphy. The Sisters of Mercy of the Americas West MidWest are responsible for providing the living expenses of Sister Murphy. For 2013 Mercy Housing, Inc. paid $402,642 for the annual stipend fee and benefits equivalent.”

“2b: the organization's financial statements are audited in accordance with generally accepted accounting principles. The audited financial statements are reported within the consolidated financial statements and supplemental information of mercy housing, inc. 2c: responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the mercy housing, inc. Board of trustees. 3: the organization received federal loans or awards and accordingly was included in the single audit act and omb circular a-133 audit as reported within the consolidated financial statements and supplemental information of mercy housing, inc.”