Fh Community Living Program Inc

“Form 990 is provided to all members of the board of directors who review and comment prior to filing form 990.”

“UPON JOINING THE ORGANIZATION ALL BOARD MEMBERS AND officers ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT AFTER REVIEWING THE CONFLICT OF INTEREST POLICY. ADDITIONALLY, ALL board members and officers ARE REQUIRED ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY MATTERS REQUIRED TO BE DISCLOSED BY THE POLICY.”

“The organization does not compensate any officer or key employee. Compensation is paid by fountain house, inc., a related 501(c)(3) organization.”

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

“On august 17, 2017, fh homes housing development funding corporation assumed administration of the program formerly owned by the reporting organization: a 20-unit apartment facility located at 2264-66 amsterdam avenue in manhattan, new york. The contract with the funding source for the reporting organization was transferred to the fh homes housing development funding corporation on such date. Form 990, part vi, section a, line 8b: the organization has no separate committees that act on behalf of the governing body.”

“F.H. Community living program, inc. ("fhcl") was incorporated in 1984 as a wholly-controlled entity of fountain house, inc. ("fhi"), a related 501(c)(3) organization. Accordingly, the FHCL operates a 20-unit apartment facility located at 2264-66 Amsterdam Avenue in Manhattan, New York (the "Project"). The Project was substantially financed by the US Department of Housing and Urban Development ("HUD"), a corporate government agency, and the Public Benefit Corporation of the State of New York. Fh homes housing development funding corporation (the "corporation") was incorporated in 2015 as a wholly-controlled entity of FHI. The corporation is recognized by the IRS as tax-exempt under section 501(c)(4) of the Internal Revenue Code pursuant to a ruling issued by the IRS on January 17, 2017. The corporation commenced operations on august 17, 2017 to consolidate the program activities and refinance the debt of both fountain house housing, inc. ("fhh") and FHCL, two entities also wholly controlled by fhi. As part of the refinancing transaction, the corporation received a new mortgage on august 17, 2017 for $5,018,900 and approval from hud to use the mortgage proceeds to pay off all existing mortgages for fhh and fhcl as of august 16, 2017, existing liabilities due to hud and outstanding liabilities for fhh and fhcl that were due to fhi. In addition, FHCL transferred all of its fixed assets to the corporation as part of a Bargain and Sale Deed (the "Deed") that was signed on August 17, 2017 by FHCL, FHH and the Corporation. This Deed granted and released all land located at 2264-66 Amsterdam Avenue and 441-445 West 47th Street in Manhattan, along with the buildings and improvements and equipment, to the Corporation. The aforementioned events amounted to $487,671 for FHCL. Accordingly, on august 17, 2017, the corporation assumed administration of the two programs formerly owned by fhh and fhcl which are: (1) a 20-unit apartment facility located at 2264-66 amsterdam avenue in manhattan, new york; and (2) a 19-unit apartment facility located at 441-445 west 47th street in manhattan, new york. The contracts with the funding source for fhh and fhcl were transferred to the corporation on august 17, 2017.”

“The full board assumes responsibility rather than a separate committee.”