Catholic Charities Housing Inc

“The organization's officers and directors are comprised of members, ex officio, of executive management and/or the Board of Trustees of its affiliate, Associated Catholic Charities, Inc. (ACC). ACC's bylaws state that its Board of Trustees shall submit a list of nominees to the Archbishop of Baltimore to fill the positions of those trustees whose terms are expiring. Archbishop of Baltimore has the power to appoint trustees.”

“The 990 for the organization was reviewed by the Treasurer before it was filed.”

“The Board of Trustees Conflict of Interest Policy sets forth the procedures to be followed to ensure that conflicts of interest are properly identified, approved and/or reported in a timely and transparent manner for board members of Associated Catholic Charities, Inc. (ACC) and its affiliated organizations. These policies include written disclosures by each board member upon election to the board and annual certifications thereafter. Management reviews these disclosures and reports its findings to the executive committee of the board on an annual basis. Transactions involving a possible conflict of interest must be approved in advance by ACC's executive committee. In addition, all employees of ACC and its affiliated organizations are required to comply with its Code of Ethics and Business Conduct Policy which provides specific guidance on such matters. Employees are required to acknowledge compliance with this policy on an annual basis.”

“A compensation committee annually reviews the compensation of ACC's executive staff. Additionally, an independent firm is retained to evaluate the appropriateness of the compensation. Minutes of the compensation committee are recorded.”

“Documents available upon request.”

“On September 1, 2015, in a transaction approved by HUD, the Project sold all of its land, buildings, equipment and other fixed assets to Basilica Place Limited Partnership ("BPP") for a selling price of $12.3 million, its appraised value. The Project also transferred to BPP its reserve for replacement deposits and assigned to BPP its Section 8 Housing Assistance Payment agreement with HUD. Under BPP's ownership, the Project will continue to be operated for the benefit of the low income elderly and disabled in accordance with HUD requirements. As a result of the transaction, the Project ceased operations effective September 1, 2015. In connection with the transaction, the Project received a $7.4 million note receivable from BPP and $1.7 million in cash. In addition, the $3.2 million HUD mortgage balance was paid off at settlement. The note receivable bears interest at a rate of 3.46% (simple interest) and principal and interest are payable by BPP from available cash flow as defined in its partnership agreement. All unpaid principan and interest is due October 1, 2050.”