Alexandria Housing Development Corporation

“Acquisition is managed by equity management ii, llc, an unrelated party, pursuant to the terms of a management agreement dated june 27, 2011. The agreement is for one year and will remain in effect on a month-to-month basis unless terminated pursuant to the agreement. The fee is computed at 4.5% of rental collections, as defined. For the year ended december 31, 2013, property management fees of $73,852 were incurred and $5,500 remain payable. Rpo unit #1 is managed by equity management ii, llc, an unrelated party, pursuant to the terms of a management agreement dated january 1, 2012. The agreement is for one year and will remain in effect on a month-to-month basis unless terminated pursuant to the agreement. The fee is $55 per month, increased to $80 per month effective july 1, 2013 by mutual agreement of both parties, and is payable quarterly. For the year ended december 31, 2013, property management fees of $810 were incurred and $240 remain payable.”

“The draft is reviewed by the executive director, treasurer and the accountants. The draft is compared to the prior years return and the financial statements. The executive director or the treasurer gives the approval for the final version of the form 990 to be created.”

“The organization's conflict of interest policy requires that each director, principal officer and member of board of directors or appropriate committee with delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy, and d. Understands ahdc is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours or upon request.”