Eagle Senior Village Inc

“The property is managed mercy housing management group ("mhm"), an affiliate of the corporation, pursuant to a management agreement approved by hud. The current management agreement provides for a management fee equal to 8.89 percent of gross residential collections, as defined, for managing the operations of the property. The property also receives $4 per unit per month for the better buildings challenge as an additional management fee. Such fees charged to activities for the year ended december 31, 2024 were $15,840.”

“Eagle senior village inc is a nonstock, nonprofit corporation with mercy housing idaho, inc. As the sole member.”

“The board of trustees of mercy housing, inc. Has authority over eagle senior village inc. In various aspects of operations and management. The reserved rights held by the mercy housing board of trustees, which may be further delegated to the president and ceo of mercy housing, inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and, appointment or removal of governing board members and officers.”

“SAME AS LINE 7A”

“Each member is given the opportunity to review the return before it is filed.”

“The audit committee of mercy housing, inc. Reviews periodically the conflict of interest disclosures and determines whether any action is required.”

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

“Management services: program service expenses 41,291. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,291.”

“The mortgage acquired on july 18, 2003 is held by idaho housing and finance association in the original amount of $260,000. The note does not bear interest. The note matures on july 23, 2043. All principal is due at maturity. The note is collateralized by the building and its improvements. The purpose of this loan is to help in the completion of construction of the project.”