Charlesview Inc.

“Management company: peabody properties, 536 granite street, braintree, ma 02184 781-794-1000. The corporation incurred a management fee of $119,643 for the year ended december 31, 2013. The management fee is equal to 4% of total rent collections. The agreement was in effect until the opening and relocation of the tenants to the relocation site.”

“Fifteen incorporators signed agreement on may 9, 1969 to form "a private corporation under and subject to the provisions of chapter 121a of the (massachusetts) general laws and to provide, on a non-profit basis, pursuant to section 221(d)(3) of the national housing act, housing for the use and occupancy by families displaced from urban renewal areas or by government action and by families of low or moderate income where no adequate housing exists for such groups, and also for itself or other persons identitfied herewith. The corporation is irrevocably dedicated to, and operated exclusively for, non-profit purposes."”

“From the articles of organization,"the corporation shall have an odd number of directors, not less than three, as fixed by the bylaws, who shall be elected by the stockholders, and who shall serve until their successors are elected and qualified."”

“According to the bylaws "the directors shall be elected by the stockholders at the annual meeting", and "the business of the corporation shall be managed by (the) board of directors..." and "a director may be removed from office (a)...by a vote of a majority of the stockholders...or (b) for cause by a majority of the directors...".”

“NOT APPLICABLE”

“A copy of the 990 is reviewed by the executive director and board treasurer before filing.”

“UPON REQUEST”

“The corporation entered into a section 8 housing assistance payments (hap) contract with hud, whereby it was entitled to a rent subsidy for 200 units based upon the difference between market rents, as defined in the contract, and the amounts paid by tenants. During the year ended december 31, 2011 and pursuant to the sale of the project to the third party, the hap contract was renewed with the third party of the property. The corporation entered into a master lease agreement with the third party, which transferred all rights and obligations under the hap contract back to the corporation. During the year ended december 31, 2013, the tenants were relocated to the alternate site, the master lease was terminated and the hap contract was transferred.”