Norma Locklear-Pitts Senior Community Inc.

“The organization has entered into a management agreement with a management agent for day-to-day management of the apartment community as is customary for owners/operators of hud-assisted rental communities. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

“The directors of the corporation shall, at all times, be limited to individuals who are either members of the board of directors of united housing connections or nonmembers who have the approval of the board of directors of the said sponsoring organization. In the event that a director of the corporation ceases to be a member of the board of directors of united housing connections, or if the aforesaid approval is withdrawn, then, in either event, such shall constitute automatic resignation as a director of the corporation.”

“The return is prepared by a cpa firm and sent to the management agent for initial review and approval. The management agent then sends the return to the board of directors for final review, approval, and signature.”

“Officers, employees and board members are required annually to disclose all conflicts of interest.”

“The board uses information based on other not-for-profit industry groups and a performance management process to assess, grade the performance of key employees and to set pay grades and ranges. The executive director uses information based on other not-for-profit industry groups and a performance management process to assess, grade the performance of key employees and to set pay grades and ranges.”

“Documents are available upon request.”

“The management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”