Rosale Housing Development Fund Corporation

“The organization purchased management and bookeeping services from Shinda Management corporation. Shinda was paid $41,174 for these services in 2016.”

“there were no board minutes kept for 2016.”

“there are no committees with the ability to act on behalf of the board.”

“No board review of the Form 990 was conducted prior to filing the return.”

“The Organization's form 990 and form 1023 is available for public inspection as required under section 6104 of the Internal Revenue Code. its on guidestar.org and other similar types of websites. In addition, the financial statements, articles of incorporation and by-laws are also available upon written request at 840 Hegeman Avenue, Brooklyn, NY 11207 or by calling the organization directly at (718)-649-7000.”

“An amended return is being filed in order to conform to the organization's December 31, 2016 financial statements. A listing of all of the changes to the Form 990 is as follows: 1. Page 1, Box G: Gross receipts was restated to reflect the updated revenue reported in Part VIII. 2. Part I, Lines 9, 10, 13, 15, 17, 18, 19, 20, 21, and 22: These amounts were updated to reflect the changes reported in their respective parts of the return due to the changes. 3. Part III, Line 4a: The total program expenses and revenue reported for this program was updated to agree to the functional allocation in Part VIII and Part IX. 4. Part IV, Lines 11F and 12a: These lines were checked "yes" as financial statements were issued for the tax year. 5. Part VIII, lines 2 and 3: these amounts were updated in order to agree to the financial statements. 6. Part IX, Lines 7, 8, 9, 10, 11c, 11g, 13, 24a, 24b, and 24c: These amounts were updated to reflect the functional expenses and their allocation per the financial statements. 7. Part X, Lines 1, 2, 4, 10, 15, 16, 17, 18, 20, 26, 27, 33, 34: These amounts were updated in order to agree to the financial statements. 8. Part XI, Lines 1 through 3, and 10: These amounts were updated for the changes reported in Part VIII and Part IX, as discussed above. 9. Part XII, line 2b: This line was checked "yes" as financial statements were issued for the tax year. 10. Schedule A, Part III, Section A, column (e): This column was updated to reflect the changes made in the Form 990, Part VIII. 11. Schedule D, Part VI: The amounts reported in this section were updated to agree with the land, buildings, and equipment cost and accumulated depreciation, per the audited financial statements. 12. Schedule D, Part IX, X, XI and XII: The amounts reported in these sections were updated to agree with the assets, liabilities, revenue and expenses, per the audited financial statements. 13. Schedule O, Part VI, Section A, Line 3: the amount included in the narrative was updated in order to agree to part ix.”