Andp Development Fund Inc.

“Copies of the form 990 are presented to the executive committee for their review with the cfo.”

“Management provides employees and board members with a questionnaire regarding conflicts of interest. The questionnaire is updated annually.”

“Compensation ranges for the current ceo were established prior to his hiring in 2006 as part of an extensive search process which utilized the services of an executive search firm specializing in non-profit placements. The firm advised the search committee on appropriate compensation ranges based on industry comparisons. Annual performance reviews for the ceo are conducted by the board's compensation committee which includes the board chair, treasurer and the past board chair or current vice chair. The compensation committee establishes annual performance goals for the ceo and measures annual performance against these goals. Goals are largely based on the board approved annual plan. The compensation committee additionally evaluates market comparisons for ceos of similar non-profit organizations doing comparable work at a minimum of every three years and conducts third party market studies as part of this evaluation. The compensation committee evaluates total compensation including base salary, bonus (if any), along with insurance and retirement contributions as part of its market evaluation. The board establishes a budget average for annual performance based raises for all employees. The compensation committee may provide the ceo an annual performance based bonus and/or performance based annual salary increase annually but is not required to do so. The committee may also consider and implement market based changes in the ceo's compensation.”

“The organization makes its financial statements available upon request. Other governing and organizational documents are available upon request.”

“This entity was audited as part of a consolidated audit for atlanta neighborhood development partnership, inc (andp). The consolidated financial statements included the accounts for andp, andp misty amber senior housing inc, andp holdings inc, asset holdings inc, community redevelopment loan and investment fund inc, andp homes llc, andp delowe village llc, andp providence parkway gp, llc, andp stanton crest, llc, andp huntington court, llc, andp creekside at adamsville place, llc, misty amber lp, chp-misty llc, huntington court partners llc, andp misty amber martin house, llc, andp sylvan hills gp, llc, and andp development fund inc.”