Immanuel Affordable Inc.

“Description: interest income. Amount: 41.”

“Description: license & permits. Amount: 175. Description: memberships & dues. Amount: 55. Description: supplies & minor equipment. Amount: 2,998. Description: insurance. Amount: 4,404. Description: office expense. Amount: 9,983. Total to form 990-ez, line 16: 17,615.”

“Description: reserve for replacements. Beg. Of year amount: 50,432. End of year amount: 57,193. Description: residual receipts. Beg. Of year amount: 12,287. End of year amount: 12,293. Description: tenant security deposits. Beg. Of year amount: 5,085. End of year amount: 5,438. Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 12.”

“Description: accounts payable. Beg. Of year amount: 19,954. End of year amount: 15,694. Description: due to immanuel. Beg. Of year amount: 16,932. End of year amount: 20,033. Description: due to immanuel retirement communities. Beg. Of year amount: 965. End of year amount: 1,772. Description: tenant security deposits. Beg. Of year amount: 5,085. End of year amount: 4,800.”

“Immanuel affordable, inc.'s bylaws were restated as of 09/23/14 to include the following: 1. Number, tenure and qualification of directors: the bylaws were restated to include the following wording, "the maximum number of directors who are associates of and/or paid by immanuel shall not exceed two (2). Directors who are associates of and/or paid by immanuel shall be non-voting members of the board of directors. Each director shall hold office for a term of four (4) years and until his or her successor shall have been elected and qualified. Except for the non-voting directors, no director may serve more than two (2) full consecutive terms. A director who has served two (2) full consecutive terms may be again elected after one (1) year from the end of his or her prior service. Initial and subsequent terms of directors will be staggered in order to ensure continuity of leadership." 2. Removal of directors: a director may be removed, with or without cause, by immanuel. 3. Added a section under "directors" to include a definition of associates of immanuel: the term "associates of immanuel" means indviduals who are officers or directors or employees of immanuel or of organizations of which immanuel is the sole voting member. 4. Duties and authority of officers: the bylaws added "chair" to the listing of officers and the description as: "the chair shall be the principal officer of the corporation. The chair shall, when present, preside at all meetings of the board of directors." 5. Amendments: amendments of the bylaws are now subject to approval by the board of directors of immanuel.”