MID-Peninsula Horizons Inc.

“The accounting manager/assistant controller completes the 990 questionnaire and accumulates all supporting documentation. Then the controller reviews the questionnaire and supporting documentation. The controller returns the questionnaire to the accounting manager/assistant controller with questions or comments. Once the changes and comments have been addressed, the questionnaire is sent to the tax professionals for their preparation of the tax returns. The draft 990 tax return goes through the review of midpen management. Upon the chief financial officer's approval, the tax return is filed with the internal revenue service.”

“A conflict of interest disclosure questionnaire is submitted annually to the board of directors and key employees, who complete and return the forms disclosing any conditions of potential or actual conflict of interest. The disclosures are reviewed by the corporate counsel and the cfo. A summary of the disclosures is presented to the governance committee, which assesses if any conflict of interest actually exists. Any conditions which warrant elevation to the board of directors is done so on a case-by-case basis. As of the reporting date, there has been no reportable condition of conflict of interest.”

“The vp of human resources prepares compensation information and independent survey data for review and discussion with the governance committee of the board of directors, and then again for the board executive session. The vp of human resources makes a recommendation to the governance committee based on the survey data (governance committee completes the president's annual performance evaluation before any compensation is discussed), and the committee take their recommendation forward to the board for approval. The only executive compensation reviewed and approved by the board is the president and cfo.”

“Governing documents are available upon request.”

“The organization has no employees. Salaries and wages reported in part ix, functional expenses were reimbursements to property management company. The amount was listed to conform with the requirements of federal and/or state regulatory agency and/or lender on audited financial statements.”

“Administrative rent free unit: program service expenses 10,397. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,397. Garbage and trash removal: program service expenses 9,813. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,813. Workers comp: program service expenses 3,365. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,365. Supplies: program service expenses 3,293. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,293. Real estate taxes: program service expenses 2,443. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,443. Management consultants: program service expenses 356. Management and general expenses 0. Fundraising expenses 0. Total expenses 356. Bad debts: program service expenses 263. Management and general expenses 0. Fundraising expenses 0. Total expenses 263. Other renting expenses: program service expenses 179. Management and general expenses 0. Fundraising expenses 0. Total expenses 179. Conventions & meetings: program service expenses 103. Management and general expenses 0. Fundraising expenses 0. Total expenses 103. Other taxes: program service expenses 85. Management and general expenses 0. Fundraising expenses 0. Total expenses 85. Heating/cooling: program service expenses 50. Management and general expenses 0. Fundraising expenses 0. Total expenses 50.”

“The process of overseeing the audit and selecting an independent accountant has not changed from the prior year.”