Civic Intelligence

Affordable Community Environments

990 • Fiscal year 2014 • EIN 91-1898061

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 18, 2015

4150 SW Moody AvenuePortland, OR 97239

(503) 231-0682

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.41x

Higher debt load relative to assets than 68% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

94th percentile

5.54x

Higher debt load relative to revenue than 94% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

45th percentile

1.4%

Higher net margin than 45% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

69th percentile

$166,127

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 24.3% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

34th percentile

-1.0%

Faster asset growth than 34% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

48%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Down

$9,288,325

Down $91,468 (-1.0%) from 2013

Net Assets

Up

$5,506,193

Up $9,341 (+0.2%) from 2013

Liabilities

Down

$3,782,132

Down $100,809 (-2.6%) from 2013

Revenue

Up

$683,239

Up $222,062 (+48%) from 2013

Expenses

Up

$673,898

Up $63,633 (+10%) from 2013

Net Income

Up

$9,341

Up $158,429 (+106%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $8,622,083Liabilities 2011: $2,973,233Net Assets 2011: $5,648,8502011Assets 2012: $9,319,786Liabilities 2012: $3,575,460Net Assets 2012: $5,744,3262012Assets 2013: $9,379,793Liabilities 2013: $3,882,941Net Assets 2013: $5,496,8522013Assets 2014: $9,288,325Liabilities 2014: $3,782,132Net Assets 2014: $5,506,1932014Assets 2015: $8,915,062Liabilities 2015: $3,203,842Net Assets 2015: $5,711,2202015

Highlighted filing

2014

Assets$9,288,325
Liabilities$3,782,132
Net Assets$5,506,193

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $897,798Expenses 2011: $652,693Net Income 2011: $245,1052011Revenue 2012: $467,408Expenses 2012: $676,762Net Income 2012: -$209,3542012Revenue 2013: $461,177Expenses 2013: $610,265Net Income 2013: -$149,0882013Revenue 2014: $683,239Expenses 2014: $673,898Net Income 2014: $9,3412014Revenue 2015: $724,102Expenses 2015: $519,075Net Income 2015: $205,0272015

Highlighted filing

2014

Revenue$683,239
Expenses$673,898
Net Income$9,341
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 18, 2015
Return Version
2014v5.0
Gross Receipts
$683,239
Mission and Program Overview

Mission

Ace developes and nutures sustainable and affordable housing communities in southwest washington that provide residents with stability, support and opportunities for growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,080,743$3,977,011▼ $103,732
Investments Program Related$2,159,464$2,423,804▲ $264,340
Other Notes and Loans Receivable, Net$2,193,294$2,193,294→ $0
Savings and Temporary Cash Investments$255,287$176,568▼ $78,719
Cash and Non-Interest-Bearing Accounts$108,739$85,795▼ $22,944
Accounts Receivable$30,724$79,658▲ $48,934
Pledges and Grants Receivable$17,723$21,808▲ $4,085
Prepaid Expenses and Deferred Charges$6,231$1,354▼ $4,877
Total Assets$9,379,793$9,288,325▼ $91,468
Other Assets Total$527,588$329,033▼ $198,555
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,425,307$3,546,595▲ $121,288
Other Liabilities$415,811$206,480▼ $209,331
Accounts Payable and Accrued Expenses$41,823$29,057▼ $12,766
Total Liabilities$3,882,941$3,782,132▼ $100,809
Net Assets / Fund Balance
Unrestricted Net Assets$3,293,722$3,303,063▲ $9,341
Temporarily Rstr Net Assets$2,203,130$2,203,130→ $0
Total Net Assets Fund Balance$5,496,852$5,506,193▲ $9,341
Total Liabilities and Net Assets / Fund Balance$9,379,793$9,288,325▼ $91,468

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,451,164$433,264$3,884,428
Land$455,354-$455,354
Leasehold Improvements$62,439$14,017$76,456
Equipment$8,054$7,692$15,746
Investment Program Related Org$-1--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$111,982
Program Service Revenue
$536,107
Investment Income
$34,909
Other Revenue
$241
All Other Contributions
$15,692
Change in Net Assets
$9,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$673,898
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$156,366$5,904-$162,270
Depreciation Depletion$98,355$5,377-$103,732
Fees for Services Other$46,176--$46,176
Fees for Services Management$17,900$22,989-$40,889
Office Expenses$14,126$16,587-$30,713
Fees for Services Accounting$5,500--$5,500
Insurance-$2,682-$2,682
Other Expenses$2,478$32,711-$2,478
All Other Expenses$794$396-$1,190
Total Functional Expenses$587,252$86,646$0$673,898
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
A/p Construction$90,816
S/t Predev Loan (sen Hsg)$72,136
Accrued Interest$24,903
Tenant Security Deposits$10,532
Prepaid Rent$8,093
S/t Predev Loan (ts)-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Reach community development inc provides ace administrative service for general operating needs, development services to oversee the development of new, or rehabilitation of existing affordable housing, and certain asset management services for rental properties onwed by affiliated entities.

Form 990, Page 6, Part VI, Line 6

Reach community development inc is the sole member of affordable community environments.

Form 990, Page 6, Part VI, Line 7A

Reach community development inc has the authority to elect the board of directors.

Form 990, Page 6, Part VI, Line 7B

Reach community development inc has the authority to retain approval over contracts and other financial matters.

Form 990, Page 6, Part VI, Line 11B

The portfoilio management and development committee will review the form 990 and recommend the board of directors accept it at the following board meeting.

Form 990, Page 6, Part VI, Line 12C

The secretary of the corporation or designee shall review the conflicts of interest policy with each new director and shall assist each new director in understanding and complying with it. On an annual basis, the secretary of the corporation or designee shall develop and maintain a list of insiders who engage in or are reasonably likely to engage in transactions that constitute conflicts of interest with the corporation during the year. The officers, directors and key employees shall each year disclose interests that could give rise to a conflict of interest under this policy. Such disclosure shall be made on a disclosure and acknowledgement form and shall be filed with the corporate secretary or designee. The secretary or designee shall monitor and enforce compliance with this policy be reviewing the list of insiders and the dislcosure and acknowledgment forms each eyar and by bringing potential or actual conflicts to the attention of the president of the board. The secretary of the corporation or designee shall convey the list of insiders identified above to the executive director and shall instruct the executive director to notify the board if the executive director or any employee plans to engage in a transaction with an insider that constitutes a conflict of interest. If so, the board shall monitor the transaction to ensure that it complies with the procedures contained in this policy.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Affordable Community Environments
EIN
91-1898061
Phone
5032310682
Address
4150 SW MOODY AVENUE, PORTLAND, OR 97239

Signing Officer

Name
Joan Cook
Title
Chief Financial Officer
Phone
5032310682
Signed
2015-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Valliere Chief Executive Off
Formed
1998
Legal Domicile
Wa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
12

Preparer

Firm
BJORKLUND & MONTPLAISIR CPA'S
Address
9020 SW WASHINGTON SQ RD SUITE 46, PORTLAND, OR 97223
Preparer
Steven R Bjorklund
Phone
5036436400
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Ace's housing development program is committed to addressing a growing need for affordable housing in the southwest washington region.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0ACE'S COMMUNITY BUILDERS PROGRAM PROVIDES FREE HOME REPAIRS FOR HOMEOWNERS WHO NEED HELP DUE TO AGE, DISABILITY AND LOW INCOME AND HELP HOMEOWNERS MAINTAIN THEIR INDEPENDENCE AND STAY SAFELY IN THEIR HOMES AND IN THEIR NEIGHBORHOODS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ACE'S RESIDENT SERVICES PROGRAM SUPPORTS FAMILIES AND INDIVIDUALS LIVING IN ACE HOUSING AND THEY IMPROVE THE SOCIAL, ECONOMIC, AND ENVIRONMENTAL CONDITIONS AFFECTING THEIR LIVES. THE PROGRAM OFFERS BETTER ACCESS TO COMMUNITY SERVICES, SKILL-BUILDING WORKSHOPS, A RESIDENT NEWSLETTER, AND ACTIVITIES FOR ACE'S YOUTH AND ADULT RESIDENTS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ACE'S HOUSING DEVELOPMENT PROGRAM IS COMMITTED TO ADDRESSING A GROWING NEED FOR AFFORDABLE HOUSING IN THE SOUTHWEST WASHINGTON REGION.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER 51,356
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt047415
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt045994
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0115897
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0652547
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0973835
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt030409
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013937
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0140415
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0536348
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0376827
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0378750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0737343
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0512178
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IRS990ScheduleA/InvestmentIncomeCYPct00.04000
IRS990ScheduleA/InvestmentIncomePYPct00.02000
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt051356
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.89510
IRS990ScheduleA/PublicSupportPY509Pct00.92290
IRS990ScheduleA/PublicSupportTotal509Amt03318168
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0197113
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0197113
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0197113
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0197113
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01164725
IRS990ScheduleA/Total509Grp/TotalAmt03515281
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0683239
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0461177
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0467408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0897798
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01197430
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03707052
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt03451164
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0433264
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03884428
IRS990ScheduleD/EquipmentGrp/BookValueAmt08054
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07692
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015746
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01053193
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1724121
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2252837
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3242448
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4151206
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5-1
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN MEWS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1LAND CCC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT IN CVA
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENT IN COVINGTON COMMONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4INVESTMENT IN TOWN SQUARE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5INVESTMENT IN FRUIT VALLEY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
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IRS990ScheduleD/LandGrp/BookValueAmt0455354
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0455354
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt062439
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014017
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt076456
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt090816
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt310532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt48093
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0A/P CONSTRUCTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1S/T PREDEV LOAN (SEN HSG)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5S/T PREDEV LOAN (TS)
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IRS990ScheduleD/TotalBookValueProgramRltdAmt02423804
IRS990ScheduleD/TotalLiabilityAmt0206480
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DANIEL VALLIERE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACE'S HOUSING DEVELOPMENT PROGRAM IS COMMITTED TO ADDRESSING A GROWING NEED FOR AFFORDABLE HOUSING IN THE SOUTHWEST WASHINGTON REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REACH COMMUNITY DEVELOPMENT INC PROVIDES ACE ADMINISTRATIVE SERVICE FOR GENERAL OPERATING NEEDS, DEVELOPMENT SERVICES TO OVERSEE THE DEVELOPMENT OF NEW, OR REHABILITATION OF EXISTING AFFORDABLE HOUSING, AND CERTAIN ASSET MANAGEMENT SERVICES FOR RENTAL PROPERTIES ONWED BY AFFILIATED ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REACH COMMUNITY DEVELOPMENT INC IS THE SOLE MEMBER OF AFFORDABLE COMMUNITY ENVIRONMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REACH COMMUNITY DEVELOPMENT INC HAS THE AUTHORITY TO ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REACH COMMUNITY DEVELOPMENT INC HAS THE AUTHORITY TO RETAIN APPROVAL OVER CONTRACTS AND OTHER FINANCIAL MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PORTFOILIO MANAGEMENT AND DEVELOPMENT COMMITTEE WILL REVIEW THE FORM 990 AND RECOMMEND THE BOARD OF DIRECTORS ACCEPT IT AT THE FOLLOWING BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SECRETARY OF THE CORPORATION OR DESIGNEE SHALL REVIEW THE CONFLICTS OF INTEREST POLICY WITH EACH NEW DIRECTOR AND SHALL ASSIST EACH NEW DIRECTOR IN UNDERSTANDING AND COMPLYING WITH IT. ON AN ANNUAL BASIS, THE SECRETARY OF THE CORPORATION OR DESIGNEE SHALL DEVELOP AND MAINTAIN A LIST OF INSIDERS WHO ENGAGE IN OR ARE REASONABLY LIKELY TO ENGAGE IN TRANSACTIONS THAT CONSTITUTE CONFLICTS OF INTEREST WITH THE CORPORATION DURING THE YEAR. THE OFFICERS, DIRECTORS AND KEY EMPLOYEES SHALL EACH YEAR DISCLOSE INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST UNDER THIS POLICY. SUCH DISCLOSURE SHALL BE MADE ON A DISCLOSURE AND ACKNOWLEDGEMENT FORM AND SHALL BE FILED WITH THE CORPORATE SECRETARY OR DESIGNEE. THE SECRETARY OR DESIGNEE SHALL MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BE REVIEWING THE LIST OF INSIDERS AND THE DISLCOSURE AND ACKNOWLEDGMENT FORMS EACH EYAR AND BY BRINGING POTENTIAL OR ACTUAL CONFLICTS TO THE ATTENTION OF THE PRESIDENT OF THE BOARD. THE SECRETARY OF THE CORPORATION OR DESIGNEE SHALL CONVEY THE LIST OF INSIDERS IDENTIFIED ABOVE TO THE EXECUTIVE DIRECTOR AND SHALL INSTRUCT THE EXECUTIVE DIRECTOR TO NOTIFY THE BOARD IF THE EXECUTIVE DIRECTOR OR ANY EMPLOYEE PLANS TO ENGAGE IN A TRANSACTION WITH AN INSIDER THAT CONSTITUTES A CONFLICT OF INTEREST. IF SO, THE BOARD SHALL MONITOR THE TRANSACTION TO ENSURE THAT IT COMPLIES WITH THE PROCEDURES CONTAINED IN THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3

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