Central Coast Housing Corporation

“The project is managed by mercy housing management group ("mhm"), an affiliate of the corporation.”

“The board of trustees of mercy housing, inc. Has authority over central coast housing corporation in various aspects of operations and management. The reserved rights held by the mercy housing board of trustees, which may be further delegated to the president and ceo of mercy housing, inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and, appointment or removal of governing board members and officers.”

“SAME AS LINE 7A”

“The 990 is presented to all board members and comments and questions are addressed prior to the form 990 being filed.”

“The audit committee of mercy housing, inc. Reviews periodically the conflict of interest disclosures and determines whether any action is required.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Sister amy bayley, rsm, serves as a board member of central coast housing corporation. Mercy housing, inc. And the sisters of mercy of the americas west midwest have entered into a contract whereby sister bayley has been assigned to mercy housing, inc. To perform services and provide executive leadership for mercy housing, inc and its subsidiaries. Sister bayley is a member of a religious community and has taken a vow of poverty and therefore does not receive any personal income. Sister bayley is not an employee of mercy housing, inc. Or central coast housing. Mercy housing, inc. Makes payments directly to the sisters of mercy of the americas west midwest for monthly stipend payments and benefits relating to the services performed by sister bayley. The sisters of mercy of the americas west midwest are responsible for providing the living expenses of sister bayley. For 2024 mercy housing, inc. Paid $118,445 for the annual stipend fee and benefits equivalent.”

“Management services: program service expenses 11,402. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,402.”

“Consolidate beginning net assets of mhc 72 llc -1,801,247.”