Park Place Rhf Housing

“Park place rhf housing is managed by foundation property management, inc, a professional property management company. Foundation property management, inc has a project owner's and management agent's certification for multi family housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved foundation property management, inc to manage the park place rhf housing apartment community. 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 sanitary and affordable environment. Yuri escandon, lavonne mickelson, and joanne silva are compensated by foundation property management, inc. As follows: base compensation of $261,372, $200,602, and $181,149, other compensation of $5,400, $4,200 and $2,400, deferred compensation of $10,119, $4,875, and $13,412, and nontaxable benefits of $45,486, $0, and $15,562 respectively.”

“The organization has one class of members, which consists of retirement housing foundation, the sole member of the organization.”

“The directors will be elected at an annual meeting of the member.”

“Approval of the member is required for disposition of substantially all of the assets of the corporation or a merger, and on a dissolution. The by laws may be amended or repealed by the vote ofthe member. Articales may be amended if approved by the vote or written assent of the member.”

“The independent cpa firm engaged to prepare the 990 sends a draft of the return to the management company. The corporate secretary and the vice president of housing accounting review and approve the return prior to filing.”

“Upon joining the company and annually thereafter, all employees and board members are required to complete and sign a certification acknowledging their understanding and agreement to comply with the company's conflict of interest policy, including disclosing any activities that may appear or may be deemed violations of the policy. Board members and company officers have an additional and more comprehensive conflict of interest policy and certification requirement.”

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

“The compensation listed on schedule j and elsewhere in this return is for services provided by and paid by retirement housing foundation, which is a related organization that sponsors and manages approximately 190 tax exempt organizations and partnerships that provide affordable and marketrate housing, skilled nursing, and assisted living services for senior adults, low income families, and persons with disabilities throughout the united states including the district of columbia, puerto rico, and the virgin islands.”

“Purchased services: program service expenses 1,067,401. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,067,401. Maintenance contracts: program service expenses 234,181. Management and general expenses 0. Fundraising expenses 0. Total expenses 234,181. Payroll processing fees: program service expenses 0. Management and general expenses 4,881. Fundraising expenses 0. Total expenses 4,881.”

“Oversight of audit and independent accountant: foundation property management, inc, the management company, receives a copy of the audit prior to finalization of the audit, the top level executives at foundation property management, inc give their 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.”

“Purchased services: program service expenses 1,067,401. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,067,401. Payroll processing fees: program service expenses 0.management and general expenses 4,881. Fundraising expenses 0. Total expenses 4,881. Maintenance contracts: program service expenses 234,181. Management and general expenses 0. Fundraising expenses 0. Total expenses 234,181.”