Riverside Charitable Corporation

“The president of the board and the vp assistant secretary of the board have a familial relationship.”

“The president of the board e-mails the draft copy of the 990 to each member of the board for their review and comment. The e-mail contains notice of the date, time and location of the board meeting. Following discussion and review of the draft 990, it is sent to the preparer with the board's questions/ recommendations, if any.”

“Officers, directors, trustees and key employees conducting the day-to-day business of the corporation shall take the responsible steps to identify matters that could give rise to or appear to be a conflict of interest. Each person shall be responsible for voluntarily disclosing such matters and providing a written disclosure statement to the secretary of the board. Any statement required by this section shall briefly describe the name of the interested persons involved in such transaction, stating each person's relationship to the corporation, the nature of such person's interest in the transaction and, where practical, the amount of such an interest. All disclosures of potential conflicts of interest shall be made a matter of corporate record. All abstentions from voting or other activities because of potential conflicts of interest shall be noted in the meeting minutes and record of proceedings concerning the matter in question.”

“Data used to assist in the evaluation and determination of the compensation of the organization's employees includes, but is not limited to, the following: annual board of directors review of comparability data obtained from the irs, form 990's reported by employers in similar businesses and/or from other resources such as government labor statistics, legal, accounting, and financial services professionals.”

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

“The organization is involved in section 42 low-income housing tax credit property ownership. Under article 2 section 2(v) of its bylaws, its policy and procedure requires the direct involvement of legal, accounting, and other experienced professionals to assist in the evaluation of its business activities including, but not limited to, participation in housing development, ownership and operations applicable under state and federal tax law. The organization takes reasonable steps to safeguard the organization's exempt status with respect to all its activities.”

“Temecula vca, llc located at 14131 yorba st, suite 204 hereby elects under internal revenue code section 168(h)(6)(f)(ii) not to be treated as a tax-exempt entity for purposes of applying the rules found in i.r.c. Section 168(h)(6). This election is available to be made by an entity that is not tax exempt, but which is controlled 50% or more by a tax-exempt entity. Temecula vca, llc. Qualifies to make such election, as it is owned 79% and 21% by riverside charitable corporation and life span home, inc, respectively (both tax-exempt entities). The purpose of this election is to treat the entity allocable share of depreciable property owned by riverside charitable corporation and life span home, inc for affordable housing as property which is not tax-exempt-use property.”