Oaklawn Apartments Inc

“Oaklawn apartments, inc. Is managed by bradley residential management, a professional property management company. Bradley residential management has a project owner's & management certification for multifamily housing projects with the us department of housing and urban development. Under this certification hud has approved bradley residential management to manage the oaklawn apartments, inc. Property. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

“The membership is one class and each member is entitled to one vote on matters which by statute members are entitled to vote upon as well as all additional matters upon which members are entitled to vote by authority of the by-laws. Members shall be those persons selected for membership by oaklawn psychiatric center, inc. An indiana not for profit corporation.”

“A director must be a voting member. Each member is entitled to one vote and be in good standing. A voting member shall be only those persons selected for such membership by the board of directors of oaklawn psychiatric center, inc. As provided in the by laws and articles of incorporation of oaklawn apartments, inc.”

“The affairs of the corporation shall be managed by or under the direction of the board of directors which shall have all of the duties, powers and authorities as prescribed under the statutes of the state of indiana concerning an indiana not-for-profit.”

“The auditing firm sends a draft of the return to the management company. The management company presents the 990 at the board meeting for their review. Once the board has an opportunity to ask questions, the board approves the form 990 and the president gives appproval to file the return.”

“Board members sign off on the policy and abstain from any voting where a conflict could exist.”

“The related organization's board of directors reviews and approves the compensation package provided to the president and chief executive officer. The compensation review includes a market analysis study and a performance review. For other officers, the related organization participates in several market surveys annually. Management of the related organization compares compensation levels of like positions and strives to adjust the organization's compensation packages for like positions to fall within the range of the market with a goal to be competitively placed between the 50th and 75th percentile of the market range.”

“Existing policies, returns and financial statements are maintained at the offices of the management company. These documents are made available to the public upon written request.”

“Hours worked for related organizations: all of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.”

“Overview of audit function: the management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments and approval. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”