Mercy Housing Calwest (Formerly Access to Housing Inc)

“#6: Mercy Housing CALIFORNIA, a CALIFORNIA 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. #7: The Board of Trustees of Mercy Housing, Inc., as sole member of Mercy Housing CALIFORNIA (SOLE MEMBER OF MERCY HOUSING CALWEST), has authority over Mercy Housing CALWEST in various aspects of operations and management. The reserved rights held by the Mercy Housing Board of Trustees, which may be 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.”

“#11B: The Form 990 is presented to all board members and Comments and questions are addressed prior to the Form 990 being filed. #12C: The Audit Committee of Mercy Housing, Inc. reviews annually the Conflict of Interest disclosures and determines whether any action is required. #15B: 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.”

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

“Sister amy bayley, rsm, serves as an officer/director of mercy housing calwest and performs services for mercy housing inc. Mercy housing, inc. And the sisters of mercy of the americas west midwest have entered into a contract whereby amy bayley has been assigned to mercy housing, inc. To perform services and provide leadership for mercy housing, inc. And its subsidiaries. Sister bayley is a member of a religious community and has taken a vow of poverty and therefore does not receive any personal income. Sister bayley is not an employee of mercy housing, inc. Or mercy housing calwest. Mercy housing, inc. Makes payments directly to the sisters of mercy of the americas west midwest for monthly stipend payments and benefits relating to the services performed by sister bayley. The sisters of mercy of the americas west midwest are responsible for providing the living expenses of sister bayley. For 2014 mercy housing, inc. Paid $93,455 for the annual stipend fee and benefits equivalent.”

“Included in this return are the assets, revenue, and expenses for eleven single member llc's, 7th & h gp llc, madonna senior housing llc, esparto family apartments llc, sunset lane apartments llc, caroline severance llc, el monte veterans apartments llc, 1028 howard street llc, crossroad gardens llc, transbay block 6, sunset valley duplexes llc and mercy mather veterans, llc of which mercy housing calwest is the sole member.”

“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. Responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the Mercy Housing, Inc. Board of Trustees. Mercy Housing, Inc., is the sole member of MERCY HOUSING CALIFORNIA (SOLE MEMBER OF MERCY HOUSING CALWEST).”

“Other changes in net assets of $2,896,660 is attributable to transfers in of $455,117 from other related organizations and $3,351,777 transfers out to related organizations.”