Mercy Housing Southwest

“Mercy housing mountain plains, a nebraska nonprofit corporation, is the sole member and is exempt from federal income tax as an organization described in section 501(c)(3) of the internal revenue code of 1986.”

“The board of trustees of mercy housing mountain plains, as sole member of mercy housing southwest, has authority over mercy housing southwest in various aspects of operations and management which are set forth in the reserved rights of the bylaws of the subsidiary corporation. The reserved rights held by the mercy housing board of trustees, many of which have been 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”

“Form 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 annually the conflict of interest disclosures and determines whether any action is required.”

“Periodically the human resources committee within the mercy housing, inc. Board of trustees will review executive salaries to ensure competitiveness with external markets and for internal equity in relation to general employee wages and benefits, individual and organizational performance, and the financial resources of the organization.”

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

“The Organization's financial statements are audited in accordance with generally accepted accounting principles. The audited financial statements are reported within the Consolidated Financial Statements and Supplemental Information of Mercy Housing, Inc. The Organization received federal loans or awards and accordingly was included in the Single Audit Act and OMB Circular A-133 audit as reported within the Consolidated Financial Statements and Supplemental Information of Mercy Housing, Inc.”

“Responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the Mercy Housing, Inc. Board of Trustees.”