Cornerstone Community Homes

“The Board of Directors will receive a copy of the final version of the annual IRS Form 990 - "Return of Organization Exempt From Income Tax", as prepared by an independent Certified Public Accountant, prior to its filing date. This tax return will be provided to the Board by the organization prior to a bi-monthly meeting of the Board of Directors, allowing sufficient time for the Board's examination. The review and approval of the Form 990 will be an agenda item at the Board of Directors' meeting prior to the filing date.”

“To ensure Cornerstone Community Homes operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects:1.Whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining.2.Whether partnerships, joint ventures, and arrangements with management organizations conform to Cornerstone Community Homes' written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“The Board of Directors reviews the Executive Director's compensation package annually in conjunction with a performance evaluation of areas of responsibility. The Board of Directors considers salary survey data of Executive Director positions in similarly-sized organizations, both in annual budget and total number of employees, within the Northern California geographical area, for comparison purposes when setting the Executive Director's compensation package. The Executive Director reviews the compensation of key management employees annually in conjunction with a performance evaluation of areas of responsibility. As with the Executive Director's review process, the Executive Director considers salary survey data of the same or similar positions in similarly sized organizations, both in annual budget and number of employees managed, within the Northern California geographical area for comparison purposes when setting the salaries of the key employees. The salaries of key employees are reviewed by the Board of Directors as part of the annual budget approval process.”

“Cornerstone Community Homes, as a tax-exempt 501 (c) (3) organization, will make its annual return - Form 990 "Return of Organization Exempt from Income Tax"- available for public inspection during regular business hours, Monday through Friday, at its administrative office located at 58 Mitchell Blvd., San Rafael, California, 94903. (Note: The exemption application (Form 1023) was filed before July 15, 1987 and is not available.)Cornerstone Community Homes' Form 990 "Return of Organization Exempt from Income Tax" is widely available on the internet at www.guidestar.org for interested persons who wish to obtain a copy of the return.Cornerstone Community Homes' Articles of Incorporation and Bylaws, Conflict of Interest Policy and the organization's most recently audited financial statement are available for public inspection during regular business hours at its administrative office (see above).”