Brighton Beach Housing Development Fund Company Inc.

“The organization's sole member is jasa corp.”

“The organization's sole member, jasa corp, elects all of the organization's trustees.”

“As sole member, jasa corp reserves the right to decide upon certain governance decisions.”

“The form 990 is reviewed by the controller, director of finance and chief administrative officer and then it is provided to the board prior to filing with the irs.”

“On an annual basis, the conflict of interest policy statement is sent to the board along with a list of vendors, service providers, employees, etc. The form must be signed and returned to the respective committee of the board. The forms are reviewed and kept on file.”

“Each year, compensation of the ceo is reviewed and approved by the compensation committee of the board of a related organization based on comparative data and other information received from public records.”

“The corporation's audited financial statements are available on the shared jasa website. All other governing documents and conflict of interest policies are available to the public upon request.”

“In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-03, Simplifying the Presentation of Debt Issuance Costs. The guidance requires that debt issuance costs related to a recognized debt liability be reported on the statements of financial position as a direct deduction from the carrying amount of that debt liability. The guidance is effective for fiscal years and interim periods beginning after December 15, 2015, and is required to be applied retrospectively. Management has adopted ASU 2015-03 and has reclassified debt issuance costs related to existing debt liabilities from assets to liabilities on the statements of financial position, and the related amortization expense to interest expense on the statements of activities. The adoption of ASU 2015-03 did not have a material impact on the Corporation's financial statements.”