| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS THREE CLASSES OF MEMBERS; CLASS A, CLASS B AND CLASS C. THE CLASS A MEMBERS SHALL BE THE SAME PERSONS AS THE MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION. THE CLASS A MEMBERS ARE THE ONLY MEMBERS OF THE CORPORATION WITH VOTING RIGHTS. THE CLASS A MEMBERS SHALL EXERCISE THOSE VOTING RIGHTS IN THEIR CAPACITIES AS DIRECTORS OF THE CORPORATION RATHER THAN AS MEMBERS. THE QUALIFICATIONS FOR, AND MANNER OF SELECTION OF CLASS A MEMBERS ARE GOVERNED BY THE PROVISIONS OF THESE BYLAWS RELATING TO THE QUALIFICATIONS FOR, AND MANNER OF SELECTION OF DIRECTORS, AND THE POWERS AND RESPONSIBILITIES OF CLASS A MEMBERS ARE GOVERNED BY THE PROVISIONS OF THESE BYLAWS RELATING TO THE POWER AND RESPONSIBILITIES OF DIRECTORS. THE CLASS B MEMBERS OF THE CORPORATION SHALL CONSIST OF ALL MEMBERS OF PHI SIGMA SIGMA, INC. (THE "FRATERNITY") WHO ARE NOT CLASS A MEMBERS OF THE CORPORATION. CLASS B MEMBERS SHALL HAVE NO VOTING RIGHTS. THE CLASS C MEMBERS SHALL INITIALLY CONSIST OF THE FOLLOWING INDIVIDUALS, EACH OF WHOM WAS A MEMBER OF THE CORPORATION'S BOARD OF DIRECTORS IMMEDIATELY PRIOR TO THE ADOPTION OF THESE AMENDED AND RESTATED BYLAWS: LYNN SCHOEN, SUSAN BOSWORTH AND SYLVANA TRABOUT. ANY CLASS C MEMBER MAY RESIGN BY GIVING NOTICE TO THE PRESIDENT OF THE CORPORATION, SUCH RESIGNATION TO BE EFFECTIVE ON THE DATE OF THE PRESIDENT'S RECEIPT OF SUCH NOTICE OR SUCH LATER DATE AS MAY BE SPECIFIED IN SUCH NOTICE. ANY CLASS C MEMBER MAY BE REMOVED BY THE DETERMINATION BY THE OTHER CLASS C MEMBERS, BY MAJORITY VOTE, THAT THE CLASS C MEMBER IS SUFFERING FROM A DISABILITY OF LONG-TERM OR INDETERMINATE LENGTH THAT WILL MATERIALLY IMPAIR HER ABILITY TO FULFILL HER OBLIGATIONS AS A CLASS C MEMBER. IF A VACANCY IN THE CLASS C MEMBERS SHALL OCCUR BECAUSE OF THE DEATH, RESIGNATION OR REMOVAL FOR DISABILITY OF A CLASS C MEMBER, THE REMAINING CLASS C MEMBERS, BY MAJORITY VOTE, MAY ELECT A REPLACEMENT CLASS C MEMBER. ANY SUCH REPLACEMENT CLASS C MEMBER MUST BE A MEMBER OF THE FRATERNITY, IN GOOD STANDING, WITH DEMONSTRATED POST-COLLEGIAN INVOLVEMENT IN NATIONAL OR CHAPTER FRATERNITY MATTERS; PROVIDED, HOWEVER THAT NO INDIVIDUAL WHO HAD PREVIOUSLY SERVED AS GRAND ARCHON OF THE FRATERNITY MAY SERVE AS A CLASS C MEMBER. IF AT LEAST TWO-THIRDS OF THE PERSONS THEN SERVING AS CLASS C MEMBERS DECIDE, IN THEIR DISCRETION, THAT THE CORPORATION SHALL NO LONGER HAVE ANY CLASS C MEMBERS AND GIVE THE PRESIDENT OF THE CORPORATION WRITTEN NOTICE OF SUCH DECISION, THIS SECTION 4 SHALL BE DELETED AND THE CORPORATION SHALL NO LONGER HAVE ANY CLASS C MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ONE OF THE MEMBERS OF THE BOARD OF DIRECTORS SHALL BE APPOINTED BY THE PHI SIGMA SIGMA NATIONAL HOUSING CORPORATION, AND ANOTHER MEMBER OF THE BOARD OF DIRECTORS SHALL BE APPOINTED BY THE FRATERNITY. ALL OF THE OTHER MEMBERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WHOSE AUTHORITY REPLACES THAT OF THE GOVERNING BODY; ALL KEY DECISIONS ARE BROUGHT TO THE BOARD AS A WHOLE FOR VOTING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE BOARD BEFORE FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. |
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