Opportunity Communities LLC

“Changes to oppco's bylaws are made by the board of managers and subject to the approval of the members.”

“Oppco has members who may elect members of the governing body.”

“Management provides a draft of the tax return to the board of directors of the organization for review. All desired changes are communicated to the auditor and considered for compliance with relevant tax laws prior to being applied and the tax return being filed.”

“The conflict of interest policy is reviewed with the board each year and the board signs off. Any new contracts are reviewed with the conflict of interest in mind. If any potential conflict arises it is reported to the board for discussion and review. In order to avoid the review process, any potential contracts that may present this problem are typically not seriously considered.”

“A written evaluation/review of the chief executive officer is prepared by each of the board managers and presented to the executive committee. The executive committee processes and assesses the evaluations and provides a recommendation on compensation to the board. The board makes the ultimate decision as to compensation by a full vote. The recommendation is based upon performance as well as salary and compensation data that is collected from other organizations involved in similar work and on a similar scale. The chief financial officer has an annual performance review as do all employees. The performance review is performed by the chief executive officer. Several factors are taken into consideration, feedback and observations from the board and the finance committee. An increase in salary is given if warranted by job performance and if the economics of the organization and budget allow for it. The salary is compared with others in the industry and geographic area.”

“Form 990 is available upon request at www.guidestar.org. Oppco's form 1023 is available upon request.”

“Governing documents and financial statements are available to the public upon request.”

“Consultants: program service expenses 137,184. Management and general expenses 233,292. Fundraising expenses 7,343. Total expenses 377,819. Management service fees: program service expenses 330,566. Management and general expenses 0. Fundraising expenses 0. Total expenses 330,566.”