Astor Assets Inc.

“Astor assets delegated asset management duties to fenway community development corporation (fcdc), a related organization. Astor assets paid fcdc $4,050 in 2013. In addition, astor assets delegated property management and bookkeeping services to halkeen management. Astor assets paid halkeen $25,262 of management fees.”

“Astor assets only has a board of directors.”

“The finance committee and the board of directors of fcdc, in conjunction with astor assets' board of directors, will review and approve form 990 before submission.”

“Astor assets regulary and consistently monitors and enforces compliance with the conflict of interest policy (as implemented by fcdc.) astor assets has a very good idea what affiliations its board and fcdc have and would know if they were doing business with an organization with which a board member or fcdc was associated with or acting in a way that profited them.”

“The process for determining compensation of fcdc's executive director included a review of the executive director's past compensation, and approval by the board of directors and the personnel committee of the board of directors.”

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

“In february, 2013, burbank redevelopment limited partnership (brlp) transferred its property to astor assets. Astor assets assumed the remaining assets, liabilities, and contracts of brlp. Renovations on the property began in march, 2013, and were substantially completed in december, 2013. The property consists of thirty-six units for low to moderate income families located in two buildings in boston, massachusetts.”

“Transfer from fcdc and brlp 398,450.”

“Fcdc has a finance committee that assumes the responsibility and oversight of the audit. There were no changes to this process in 2013.”