Moffat Gardens Alp Inc

“The company has entered into a property management agreement with an affiliated company, riseboro community partnership, which provides for rental management, repairs and supervision. The fees charged by the property manager are regulated by hud. Property management fees expense for the years ended december 31, 2024 was $100,000. Refer to part vii and schedule j of the 990 for the officers who are compensated by the management company.”

“Riseboro community partnership inc. ("rcp") is the sole member of moffat gardens, alp.”

“Riseboro community partnership inc., the member, has the exclusive power to elect directors of the corporation. The member elects directors to fill vacancies on the board at the annual meetings of the member or at intervening regular or special meetings of the member, in the event a vacancy arises in the interim between such annual meetings.”

“The board shall not, without the prior approval of the member, undertake or implement any of the following actions: merging, selling substantially all of the assets of, or consolidating or dissolving the corporation.”

“Moffat gardens alp, inc. Has its form 990 prepared by an outside accounting firm and have established the following review process to ensure that the information reported is complete and accurate. After the form 990 has been prepared, it is reviewed by management before being filed with the internal revenue service.”

“Annually and upon first joining moffat gardens alp, inc, each director, officer and employee is provided with a copy of moffat gardens alp, inc. Conflict of interest policy. The policy requires such individual to sign an annual disclosure form of any interest that could give rise to a conflict. Directors, officers and key employees are required to sign a more comprehensive disclosure form than are employees. The policy and disclosure form are distributed and collected by the hr department and submitted to the compliance officer for review. All potential conflicts are reported to the compliance officer who reports directly to the of the board of directors. Potential conflicts of interest involving directors are reported to the full board of directors. A director involved, directly or indirectly, in an actual or potential conflict of interest transaction may not participate in any discussion of the relevant transaction.”

“Moffat gardens alp inc. Makes its form 990 available for public inspection by posting it on the website of the office of the attorney general of the state of ny. It is also posted on guidestar.org and other similar websites. Moffat gardens alp's governing documents, conflict of interest policy, and yearend financial statements are available upon written request.”