Greater Centennial Homes Housing Development Fund Company Inc

“The project purchases management services from an unrelated management services corporation, The Wavecrest Management Team, Ltd. The Wavecrest Management Team, Ltd., as an agent for Greater Centennial Homes HDFC provides the following services: manages, rents, leases and operates the property held by the Project. No Current or former officer, director, or key employee were compensated by the management company during the 2017 fiscal year. The management company was paid $141,312 for services during fiscal year 2017.”

“The governing body met during the year, however the meeting was not documented by a member of the governing body.”

“The organization Does not have a committee with authority to act on behalf of the board.”

“Greater Centennial Homes Housing Development Fund Company, Inc. has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the Form 990 has been prepared, reviewed by management and is ready to be filed with the Internal Revenue Service, it is electronically sent to the managing agent, and board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing. The Board of Directors has the ultimate authority on the approval of the Form 990.”

“Annually, every director, officer, or committee member is required to sign a conflict of interest policy. If a person believes that they have a conflict, they must disclose all the information to the directors of the governing board. The governing board will then discuss the potential conflict, and determine if one exists. If a conflict were to exist, that interested person will be removed from voting on the conflict till it is resolved. Any conflicts will be recorded in the minutes of the meeting.”

“Greater Centennial Homes Housing Development Fund Company, Inc. makes its form 990 available for public inspection as required under section 6104 of the Internal Revenue Code. The return is posted on guidestar.org and other similar types of websites. In addition, the Form 990 as well as the financial statements, governing documents, and conflict of interest policy are available upon written request at 114 West Fourth Street Mount Vernon, NY 10550, or by calling the organization directly at (914)-664-1838.”