Edison Arms Housing Development Fund Co Inc.

“The form 990 and audited financial statements are reviewed by an independent board and committee in a formal conference in which the independent accountants conduct a presentation with explanation of the operations and transactions reported for the fiscal year.”

“The conflict of interest policy is renewed annually with all officers of the organization. Potential conflicts are brought to the executive committee for review and officers found to have conflict of interest are asked to resign or abstain from involvement in all related projects.”

“Board members and officers do not receive compensation.”

“Upon written request the organization will provide governance documents, fed application 1023, federal tax returns, audited financial statements and any relevant state filings. Also, the organization timely files its nys char 500 annual report with the office of the ny state attorney general. The nysoag posts the organization's financial statements, fed 990 tax return and the nys char 500 on its charities bureau internet website.”

“Janitorial services: program service expenses 95,109. Management and general expenses 0. Fundraising expenses 0. Total expenses 95,109. Social services: program service expenses 49,418. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,418. Bookkeeping: program service expenses 28,080. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,080. Misc. Repairs & maintenance: program service expenses 13,288. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,288. Misc. Administrative expenses: program service expenses 10,333. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,333. Supplies: program service expenses 6,138. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,138. Worker's compensation: program service expenses 4,018. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,018. Snow removal: program service expenses 1,070. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,070.”

“Management, an independent board and a independent committee is responsible for oversight of the audit and selection of an independent accountant.”

“Related party transaction edison arms housing development fund co. Has an agreement with rosehill housing management corp. (which has common board members)for the management of edison's project. Edison pays to rosehill fees of 6.76% of gross rental collections, as defined in the hud agreement.”