Lewiston Meadows Elderly Housing Development Fund Corporation

“The company delegates all management responsibilities to sage management corporation (sage). Management fees in the amount of 15,482 were paid to sage in 2018. Sage is 100% owned by irene elia, a non-voting member of the board of directors.”

“ORGANIZED WITH MEMBERS.”

“If any member of the corporate board resigns or vacates his or her office, the remaining corporate board members have the authority to appoint a replacement.”

“All decisions of the governing body are subject to the approval of the members.”

“Form 990 and schedules are reviewed by the president, sema shepard, and by irene elia, president of sage management corporation, the company that manages the project.”

“Members are required to disclose any conflicts of interest upon discovery. This is reviewed at the annual meeting of the directors.”

“As part of hud budget approval all compensation is reviewed.”

“The organization did not compensate any employee, officer, or director and does not anticipate compensating them in the future. As reported on form 990 page 10 part ix line 24b a total of 22,879 in payroll and related taxes and benefits that was paid by sage management corporation was allocated to this entity.”

“The organizations's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Schedule r: all entities listed on schedule r parts ii-iv are under the management umbrella of sage management corporation which is 100% owned and managed by irene elia, a non-voting member of the board of directors”

“Cleaning 5,317 0 0 res. Rec. Payment to hud 4,663 0 0 heating & cooling repairs 2,940 0 0 grounds maintenance 2,558 0 0 supplies 2,520 0 0 office equipment maint 2,391 0 0 garbarge removal 2,140 0 0 sewer 2,040 0 0 elevator repair 1,768 0 0 security expense 1,120 0 0 sprinkler inspection 410 0 0 conventions and meetings 200 0 0 nys fee 0 25 0 total 28,067 25 0”