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. Development fee: program service expenses 328,985. Management and general expenses 0. Fundraising expenses 0. Total expenses 328,985. Repairs & maintenance: program service expenses 325,408. Management and general expenses 0. Fundraising expenses 0. Total expenses 325,408. Cleaning & supplies: program service expenses 316,441. Management and general expenses 0. Fundraising expenses 0. Total expenses 316,441. Bad debts: program service expenses 219,974. Management and general expenses 0. Fundraising expenses 0. Total expenses 219,974. Administration fees: program service expenses 0. Management and general expenses 81,295. Fundraising expenses 0. Total expenses 81,295. Elevator expenses: program service expenses 73,660. Management and general expenses 0. Fundraising expenses 0. Total expenses 73,660. Exterminating: program service expenses 65,230. Management and general expenses 0. Fundraising expenses 0. Total expenses 65,230. Regulatory fees: program service expenses 47,522. Management and general expenses 0. Fundraising expenses 0. Total expenses 47,522. Other professional services: program service expenses 41,196. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,196. Uniforms & linens: program service expenses 30,154. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,154. Telephone: program service expenses 26,693. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,693. Messenger & delivery: program service expenses 10,534. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,534. Auto: program service expenses 8,998. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,998. Real estate taxes: program service expenses 4,632. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,632. Other operating expenses: program service expenses 1,903. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,903.”

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