Wong Center Inc.

“Certain members of the board of directors are related to each other by blood and/or marriage.”

“Management: the project utilizes third-party management services under agreements which have been reviewed and approved by the u.s. Department of housing and urban development. During the year ended december 31, 2016, management fees amounted to $36,429.”

“Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's board of directors. A member of the board of directors authorizes the form 990 to be electronically filed with the internal revenue service.”

“Members of the board of directors review all potential conflicts of interest annually. The board members are required to disclose potential conflicts and any related party affiliations. Loans between the organization and members of management and the board are stictly forbidden. The organization seeks full transparency on all relationships. Any potential conflicts are discussed openly and resolved in accordance with the organization's policies and procedures.”

“Management of the wong center's rental activities is provided by an outside management company. The board of directors carefully evaluates the expertise and cost effectiveness of the outside management company. Compensation of employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and benefits. All decisions are documented in personnel files.”

“All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities or the general public. Tax returns are posted annually to www.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in sacramento, california.”

“The land and building were sold in march 2016. The amounts listed as basis $9,148,702, less accumulated depreciation of $7,276,333 and net book value of $1,872,369 were as of the date of sale of march 23, 2016. There was zero basis remaining at december 31, 2016 for land and building. The accumulated depreciation at december 31, 2015 was $7,232,023 leaving a book value of $1,916,679 as shown on form 990 page 11, part x balance sheet line 10c colomn a for the beginning of the year of 2016.”

“There was zero unrelated business gross income in 2016.”

“There has been no change from the prior year in the selection process of the audit committee.”