Gates Plaza Housing Development Fund Company Inc.

“The company has entered into a property management agreement with an affiliated company, which provides for rental management, repairs and supervision. The fees charged by the property manager are regulated by hud and amounted to $44 prior to august 1, 2013 and $59.50 thereafter per unit per month plus allowable expenses. Property management fee expenses for the year ended december 31, 2013 was $59,262.”

“Before the prepared form 990 is filed, it is made available electronically to every member of the board to review and is discussed with management at a meeting of the board of directors.”

“Annually and upon first joining rbscc, each director, officer and employee is provided with a copy of rbscc's conflict of interest policy. The policy requires such individual to sign an annual disclosure form of any interest that could give rise to a conflict. Directors, officers and key employees are required to sign a more comprehensive disclosure form than are employees. The policy and disclosure form are distributed and collected by the hr department and submitted to the compliance officer for review. All potential conflicts are reported to the compliance officer who reports directly to the audit committee of the board of directors. Potential conflicts of interest involving directors are reported to the full board of directors. A director involved, directly or indirectly, in an actual or potential conflict of interest transaction may not participate in any discussion of the relevant transaction.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code by posting it on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“Contracted services: program service expenses 24,555. Management and general expenses 5,171. Fundraising expenses 0. Total expenses 29,726. Security: program service expenses 109,093. Management and general expenses 0. Fundraising expenses 0. Total expenses 109,093. Payroll services: program service expenses 0. Management and general expenses 10,751. Fundraising expenses 0. Total expenses 10,751.”