Complex sentence: The Welfare Association searched and identified an ideal habitat for its members for which they pooled the money received as compensation for employment upon closure of the company to build their abodes in this serene habitat in the rural part of Hyderabad District.
Split into simpler sentences: The Welfare Association searched around and identified an ideal habitat for its members. Pooled and converged the money received as compensation for employment on closure of the company to build their abodes in a serene habitat in the rural part of Hyderabad District.