Gates Plaza Housing Development Fund Company Inc.

“The company has entered into a property management agreement with an affiliated company, community property management inc., which provides for rental management, repairs and supervision. Property management fee expenses for the year ended december 31, 2016 was $75,097. No board members were compensated by the management company.”

“Gates plaza hdfc does not have any committee with authority to act on behalf of the governing body.”

“Gates plaza hdfc has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. Before the prepared form 990 is filed, it is sent electronically to every member of the board to review and is discussed with management at a meeting of the board of directors. Once the board has approved the return it is filed with the internal revenue service.”

“Annually and upon first joining gates plaza hdfc, each director, officer and employee is provided with a copy of gates plaza'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 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. The return is posted 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 26,295. Management and general expenses 2,328. Fundraising expenses 0. Total expenses 28,623. Security: program service expenses 125,757. Management and general expenses 0. Fundraising expenses 0. Total expenses 125,757. Payroll services: program service expenses 0. Management and general expenses 14,003. Fundraising expenses 0. Total expenses 14,003.”