Retirement Housing Foundation

“The membership of this corporation shall consist of at least fifteen persons. One member may be appointed to membership by each conference of the united church of christ wherein the corporation is engaged as a sponsor in providing services. One member may be appointed for membership by each church of the united church of christ, or other local church, which is jointly engaged as a sponsor with the corporation in providing services. One member may be appointed by each local corporation rendering services under sponsorship by the corporation. As many as ten (10) additional member may be appointed by the board of directors of the corporation.”

“The directors of the organization will be elected at the annual meeting of the members.”

“Vote or written consent of a majority of the members is required to amend or repeal the bylaws. Written consent of a member is required to amend the section of the bylaws to change the right of any member to designate directors.”

“Senior managment thoroughly reviews the form 990 before providing a copy to the governing body and filing.”

“Upon joining the company and annually thereafter, all employees and board members are required to complete and sign a certification acknowledging their understanding and agreement to comply with the company's conflict of interest policy, including disclosing any activities that may appear or may be deemed violations of the policy. Board members and company officers have an additional and more comprehensive conflict of interest policy and certification requirement. Designated management personnel are responsible for tracking the distribution and return of all certifications and for accounting and reporting any disclosures to the company's compliance officer. If further review of any disclosure is merited, the compliance officer forwards the certification to the company's general counsel, ceo and/or board for final disposition. Individuals who have made disclosures are advised of final dispositions. An employee's failure to submit timely certifications, disclosures and/or to take the necessary required actions to avoid conflicts may be disciplined, up to and including termination. If the individual is a board member, he or she may be subject to removal from his or her position.”

“The process for determining compensation for the ceo,executive director,top management officials and other officers or key employees included an extensive review and approval by independent persons.”

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

“The management company assumes the responsibility for the oversight of the audit of its financial statements and the selection of the independent accountant.”