Volunteers of America Inc

“The organization has no employees, and has delegated control over certain property management duties to volunteers of america texas, inc. Pursuant to a property management agreement. Volunteers of america texas, inc., as the parent and sponsoring corporation, assists in providing to its subordinate corporations general and administrative supervision, financial management, quality assurance, regulatory compliance, real estate development and strategic planning.”

“Volunteers of america texas, inc. Has the right to appoint or approve directors.”

“The articles of incorporation and bylaws of the corporation may not be amended without the prior written approval of the secretary of the u.s. Department of housing and urban development. Directors may be removed with or without cause at the request of the u.s. Department of housing and urban development. The bylaws may not be amended without the prior written consent of volunteers of america texas, inc.”

“No review was or will be conducted.”

“The policy requires officers, directors and key employees to disclose annually interests that could give rise to conflicts. The policy and disclosure form are distributed and collected annually, and individuals are required to update the disclosure form throughout the year in the event actual or potential conflicts arise. Conflicts of interest are reviewed by the board of directors. Persons with a conflict are prohibited from participating in the governing body's deliberations and decisions in the transaction.”

“The organization's top management official, officers, and key employees are not compensated by the organization but are compensated by a related organization, volunteers of america texas, inc. Volunteers of america texas' process for determining compensation of the organization's top management official, officers, and key employees includes review and approval by a compensation committee formed of independent members appointed by the board of directors. The compensation committee reviews compensation data with respect to functionally comparable senior management-level positions at organizations similar to volunteers of america in size, geographic location, national presence, industry and other relevant factors, and determines a permissible range of pay between the 50th and 75th percentile of compensation received by comparators. Compensation data is gathered from published survey sources and using the services of an outside compensation consulting firm. This process was most recently undertaken to establish the compensation of the following individual: angela king,president/ceo.”

“The organization's top management official, officers, and key employees are not compensated by the organization but are compensated by a related organization, volunteers of america texas, inc. Volunteers of america texas' process for determining compensation of the organization's top management official, officers, and key employees includes review and approval by a compensation committee formed of independent members appointed by the board of directors. The compensation committee reviews compensation data with respect to functionally comparable senior management-level positions at organizations similar to volunteers of america in size, geographic location, national presence, industry and other relevant factors, and determines a permissible range of pay between the 50th and 75th percentile of compensation received by comparators. Compensation data is gathered from published survey sources and using the services of an outside compensation consulting firm. This process was most recently undertaken to establish the compensation of the following individual: angela king, president/ceo.”

“The documents are available upon request at the address below: 300 e. Midway rd. Euless, tx 76039”