Kenneth Gladstone Building Housing Development Fund Company Inc

“Two of the board members have a family relationship.”

“The board of directors of kenneth gladstone building hdfc has outsourced the management of the property to a property management company which is responsible for the collection of rents, payment of bills, making periodic inspections of the building, making any necessary repairs to the building, preparing monthly financial statements and submitting them to the owner.”

“The sole member of the organization is jewish home lifecare, harry and jeanette weinberg campus, bronx, a new york not-for-profit corporation.”

“Jewish home llfecare d/b/a the new jewish home may elect one or more members of the governing body.”

“A draft of the completed return was reviewed by management any comments arised from the review were discussed and changes were made the draft was submitted to the audit and compliance committee of the new jewish home and subsidaries for their review and approval audit and compliance committee completed their review and a copy of the return was provided to all board members prior to filing with irs.”

“Annually all board members, officers, and key employees are provided a copy of the conflict of interest policy and are asked to review the policy and to disclose any potential or actual conflicts that may have occurred since the last disclosure. The audit and compliance committee of the board reviews the disclosures as summarized by the compliance department. All identified conflicts of interest are discussed and either approved or rejected by the board. If the board of directors or the governance committee determines that a conflict of interest exists, the director with the conflict may not take part in the decision process to which the conflict relates such disclosure and the fact that the director did not vote or participate in the deliberations is recorded in the relevant minutes.”

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

“The audit and compliance committee of the organization has the oversight responsibillty for the audit of the organization's financial statements. As part of the financial statement audit process, the audit and compliance committee is responsible to: 1) select the independent audit firm 2) review and approve audit scope and fees 3) oversee the financial reporting process 4) ensure open communications between management, audit firm, and the audit and compliance committee 5) review of independent audit firm's annual performance 6) meet in executive session (absent management) with the audit firm to discuss any potential concems with management's performance.”