Mother Theodore Corporation III

“Mother theodore corporation iii is managed by pfister & company, inc., a professional property management company. Pfister & company, inc. Has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved pfister & company, inc. To manage the mother theodore corporation iii apartment community. The management contract encompasses the day to day operations of the project including, but not limited to collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

“The outside independent accountant forwards a draft of form 990 to the management company, which in turn disperses a complete copy of the 990 to the board of directors for their review. Upon board approval, the board president notifies the management company to communicate approval to the outside accountant, which issues a final return for the board president to sign and file.”

“The organization does not compensate officers or directors (see page 7, part vii). If the organization revises their position on compensation of officers and directors, an additional policy will be drafted at that time.”

“The form 990 and all related financial and policy information are made available to the public upon written request.”

“All of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.”

“The management company receives a copy of the compiled financial statements. Prior to the finalization of the compiled financial statements, a copy of the compiled financial statements is given to the officers for their approval. Once the officers have finalized the compiled financial statements, then all of the board members are given a final compiled financial statements copy. The management company is relied upon to review the compiled financial statements reports with the appropriate officers or the finance committee, if applicable. When the compiled financial statements is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new accounting firm.”