Highbridge Community Housing Development Fund Corporation

“Line 7b explanation - the finance committee reviews and approves the organization's compensation levels on an annual basis.”

“Line 10b explanation - the organization maintains the same board of directors as its affiliates. The board meets on a quarterly basis to discuss the status and policies of the affiliates, which are documented in the board minutes. The organization does not have any other formal written policies and procedures governing the activities of affiliates.”

“Line 11a explanation - the organization's 990 is reviewed and approved by both the controller and cfo and discussed with the audit & finance committee of the board before it is finalized and issued.”

“The organization sends out an annual questionnaire to the board members and staff.”

“The organization's process for determining compensation is performed by the finance committee, which reviews and approves compensation on an annual basis.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public, but certain information can be obtained upon request at the organization's offices.”

“Security services: program service expenses 413,621. Management and general expenses 0. Fundraising expenses 0. Total expenses 413,621. Repairs & maintenance: program service expenses 366,628. Management and general expenses 0. Fundraising expenses 0. Total expenses 366,628. Cleaning & supplies: program service expenses 295,190. Management and general expenses 0. Fundraising expenses 0. Total expenses 295,190. Development fee: program service expenses 280,104. Management and general expenses 0. Fundraising expenses 0. Total expenses 280,104. Real estate taxes: program service expenses 88,472. Management and general expenses 0. Fundraising expenses 0. Total expenses 88,472. Bad debts: program service expenses 77,709. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,709. Administration fees: program service expenses 0. Management and general expenses 72,800. Fundraising expenses 0. Total expenses 72,800. Elevator expenses: program service expenses 71,101. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,101. Regulatory fees: program service expenses 65,611. Management and general expenses 0. Fundraising expenses 0. Total expenses 65,611. Other professional services: program service expenses 34,015. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,015. Uniforms & linens: program service expenses 24,384. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,384. Telephone: program service expenses 23,301. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,301. Exterminating: program service expenses 20,657. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,657. Misc expense: program service expenses 12,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,700. Auto: program service expenses 11,490. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,490. Messenger & delivery: program service expenses 10,328. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,328. Other operating expenses: program service expenses 4,478. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,478.”

“The organization did not change its oversight process or selection process during the tax year.”