Frankford Senior Housing Associates

“During the fiscal year, the organization delegated management duties to multifamily management services, llc. Multifamily management performed all management, adminstrative and accounting functions for the organization. No current or former officers, directors, trustees, key employees, or highest compensated employees were compensated by multifamily management.”

“One group or class of directors shall be elected annually by evangelical manor whose terms of office are not then expiring. For such election, a majority of the directors whose terms in office are not then expiring shall constitute a quorum.”

“The 990 is reviewed by members of the board of directors before it is submitted to the internal revenue service.”

“Board members and key staff are given a copy of the conflict of interest policy annually to review during january board meeting. The policy outlines the guiding principles of the policy and disclosure requirements and procedures for dealing with conflicts of interest. In addition, board members and key staff are required to complete annual conflicts of interest and disclosure of related activities statements. Wesley makes every effort to discourage any professional interaction with board members, and the discussions prior to the member joining the board articulate that wel does not conduct business with board members. After determining a conflict exists, the chair would disclose it to the board to determine course of action. Options the board would consider are: 1. Member recuses themselves on votes (and discussions) with conflict 2. Member choses to be member, or vendor, or board chooses for them”

“The organization makes its governing documents and financial statements available to the public upon request.”

“Contracts: program service expenses 26,605. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,605. Security payroll/contracts: program service expenses 86,667. Management and general expenses 0. Fundraising expenses 0. Total expenses 86,667. Bank charges: program service expenses 229. Management and general expenses 0. Fundraising expenses 0. Total expenses 229.”