Ahc Inc.

“The board of directors is composed of up to eighteen members. The officers include president of the corporation, chair, vice chair, one or more vice-presidents, treasurer, seceretary and other officers if necessary. The executive committee, composed of chair, vice chair, president and two other members of the board, has authority between board meetings to make decisions on its own. Subsequently, each board member shall be promptly notified of such action. Other committees, established by the board, are composed of members of the board of directors. In addition to the board of directors, the organization is composed of members. There are three levels of membership based on the amount of annual dues paid. Each member has the same rights and privileges and is entitled to one vote. The lesser of 25 members or 10% of the membership, may, by written notice, require the board of directors to order a special meeting of the members.”

“Ahc has between 300-400 members. The members participate in the governance of the organization in their capacity to elect the board of directors.”

“Ahc has between 300-400 members. The members participate in the governance of the organization in their capacity to elect the board of directors.”

“The draft tax return is reviewed by the corporate officers who resolve any questions before finalizing the return. A copy of the finalized 990 is provided to the full board of directors before filing with the irs.”

“Ahc, inc. Monitors and enforces compliance through contracts management or self disclosure, conflicts are identified and related parties are excluded from the decision making process.”

“A compensation study analysis is performed for top positions. A compensation consultant was used to determine market rate compensation as related to job descriptions.”

“These documents are available upon request.”

“Model unit $ 18,120 utilities 1,220,576 repairs and maintenance 775,302 real estate taxes 837,335 property & liability insurance 280,320 contracts 911,604 interest expense 3,946,362 condominium fees 120,415 ___________ total occupancy expense $ 8,110,034”

“During 2019, ahc, inc. Adopted a change in accounting principle regarding recognition of development fee revenue. Accordingly, amounts reported for deferred development fee revenue and fee revenue have been restated in the 2018 financial statements now presented, and an adjustment in the amount of $6,894,982 has been made to net assets without donor restrictions as of january 1, 2018 to reflect adoption of the change. The process has not changed from the prior year.”