Ridgewood Bushwick Homesteading Assistance Housing Development Fun

“Ridgewood bushwick management corporation provides property management services to the organization. This includes collecting rents and security deposits, signing apartment leases, maintaining properties, paying the bills for the properties, preparing budgets and maintaining the books and records for the organization. The corporation was paid $91,332 for these services in fiscal year 2018. No one listed in part vii of the return was paid by the corporation.”

“There were no board meeting minutes documented in fiscal year 2018.”

“There are no committees in place that can act on behalf of the board.”

“Ridgewood bushwick homesteading assistance housing development fund corporation 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. After the form 990 has been prepared and reviewed by management, it is filed with the internal revenue service. After its filing, the return is electronically sent to the board members of the organization for their review.”

“The conflict of interest policy is applicable to all directors, principal officers, employees, volunteers, and members of a committee with governing board delegated powers. Each individual must complete an annual disclosure statement, stating any actual or potential conflicts. Any conflicts from board members or officers must be brought to the board's attention for review. The individual with the conflict is excused from the discussion and vote on the conflict.”

“The organization's form 990 is 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, conflict of interest policy, articles of incorporation and by-laws are available upon written request or by calling the organization directly.”