Mercy Housing Inc.

“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 GOVERNance BOARD MEMBERS AND OFFICERS AND APPOINTMENT/TERMINATION OF THE CHIEF EXECUTIVE OFFICER.”

“Mercy housing, inc., is co-sponsored by nine congregations of women religious orders.”

“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.”

“Same as line 7a.”

“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.”

“The audit committee of mercy housing, inc. Reviews annually the conflict of interest disclosures and determines whether any action is required.”

“ANNUALLY THE executive 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.”

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

“#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.”