SHORE HILL HOUSING COMPANY INC

SHORE HILL HOUSING COMPANY INC SHORE HILL HOUSING COMPANY, INC. ("SHHC OR THE COMPANY") IS A LIMITED-PROFIT TAX-EXEMPT HOUSING COMPANY ORGANIZED UNDER THE PROVISIONS OF THE LIMITED PROFIT HOUSING COMPANIES LAW AND THE NOT-FOR-PROFIT CORPORATION LAW. IN AUGUST 2008 SHHC SOLD ITS EQUITABLE AND BENEFICIAL RIGHTS IN ALL OF THE COMPANY'S ASSETS TO A RELATED PARTNERSHIP, NAMELY SHORE HILL HOUSING ASSOCIATES, LP. (THE "PARTNERSHIP"). ALTHOUGH THE COMPANY HAS SOLD THE PROPERTY, IT CONTINUES TO HOLD LEGAL TITLE TO THE PROPERTY AS A NOMINEE IN ACCORDANCE WITH THE TERMS OF A NOMINEE AGREEMENT. THE COMPANY IS A WHOLLY CONTROLLED SUBSIDIARY OF LUMED HOUSING, INC., AS DEFINED BY THE ARTICLES OF INCORPORATION, WHICH, IN TURN, IS A WHOLLY CONTROLLED SUBSIDIARY OF LUTHERAN MEDICAL CENTER.THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE.SHHC HAS A CONTROLLING INTEREST IN A CORPORATION WHICH IS THE GENERAL PARTNER OF SHORE HILL HOUSING ASSOCIATES, LP.