Carrollton-Hollygrove Community Development Corporation

“A copy of the form 990 is provided to the board of directors prior to being filed and any questions or problems are addressed at that time.”

“The board of directors monitors compliance with the written conflict of interest policy and takes appropriate action as warranted.”

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

“Liquidating adjustment 89246.”

“Carrollton hollygrove community development corporation was the sole member of a disregarded entity - hollygrove market and farm llc (tax id # 26-3348128). Since inception of hollygrove market and farm llc all activity in the llc was reported on the carrollton hollygrove cdc form 990. Because of this the cdc always answered "no" to questions 33 and 34 of part iv and did not prepare schedule r as we believed the instrutctions dictated. On march 19, 2018 hollygrove market and farm llc was dissolved. We have attached the articles of dissolution with this return. Hollygrove market and farm's primary assets were leasehold improvements and refrigeration equipment retained by the landlord due to non-payment of rent/foregone rent. Schedule n was completed to report this loss of assets. Hollygrove market and farm llc total debt at the time of dissolution was estimated at $163,400 almost $90,000 greater than its assets. Carrollton hollygrove community development corporation was inactive for the remainder of 2018 and in 2019 year to date. The cdc will be dissolved in 2019 and file a final 990 for that year.”