Middletown Senior Citizens Housing Corporation C/O Prc Group

“Management company appointed by the board of directors oversees day to day operations and maintains financial information.”

“Catherine r. Rogers po box 212 port monmouth, nj 07758 carmen peterson 152 main street port monmouth, nj 07758 william bouw 138 michael dr. Red bank, nj 07701 andrew bane po box 41 leonardo, nj 07737 ned hammond 2 east point ct red bank, nj 07701”

“The form 990 is presented to the board for review. Any significant issues are discussed at board meetings.”

“The organization's policy requires all officers, directors, or trustees and key employees to be cognizant of the policy and to address any potential issues at the monthly board meetings. The board also encourages open discussion with the organization's attorney.”

“The organization hires a rental management company which acts as the chief executive officer reporting directly to the board of directors. In the state of new jersey, the compensation guidelines are established by new jersey housing & mortgage finance agency. The board of directors approve the compensation within the state limits. The board of directors also reviews and approves the salaries and related increases for office personnel.”

“The organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon request.”

“Effective december 16, 2015, as part of a redevelopment project approved by the board of directors and new jersey housing and mortgage finance agency, the property was sold to bayshore village, llc.”

“Prior period adjustment for insurance settlement 0 from sale of property in prior year 428,032 prior period adjustment for payment in lieu of 0 taxes related to sale of property in prior year. 13,370 prior period adjustment for transfer of escrow 0 balances from sale of property in prior year. -336,669 total 104,733”