Homes for Life Foundation

“The Organization senior management is responsible for reviewing the tax return prior to filing.”

“The Organization's Executive Director maintains the custody of its governing documents and financial record at the corporate office and upon request can make them available to the public.As noted in Section B / Question 12(a) the Organization has a written Conflict of Interest Policy and can be provided for public inspection by the Organization.”

“Client Note 1 - HOMES FOR LIFE FOUNDATIONFEIN 333-03248725FORM 990PART IV - Balance SheetLine 64 (b) Beginning End of year of yearMortgages and Other Notes Payable consists of the following:3% deferred interest note payable to California State Department of Housing and Community Development;dated 9/19/1989; principal and interest due 9/19/2019; secured by land and building $160,000 $160,000$80,000 non-interest bearing note payable to City of Pasadena (Community Development Block Grant funds); dated 3/8/1994; no specified maturity date; secured by land and building 79,240 79,2403% deferred interest note payable to California StateDepartment of Housing and Community Development;dated 12/13/1989; principal and interest due 12/13/2019; secured by land and building 140,000 140,000 Non-interest bearing note payable to Community DevelopmentDepartment of City of Los Angeles; dated 12/4/1989; principal due upon the sale of 4902 Buchanan; secured by land and building 36,000 36,0003% note payable to Community Redevelopment Agency of theCity of Los Angeles; dated 10/3/1989; principal and interest due only from residual receipts; maturing 10/3/2019; secured by land and buildind 55,000 55,0009.643% variable interest rate note payable to CitiBank; dated 12/4/1989; monthly payments of principal and interest of $255;maturing 1/1/2020; secured by land and building 10,793 9,2333% deferred interest note payable to California StateDepartment of Housing and Community Development; dated 2/11/1991; principal and interest due 2/11/2021; secured by land and building 200,000 200,0007% variable interest rate note payable to CitiBank; dated4/1/1993; monthly payments of principal and interest of$213; maturing 5/1/2023; secured by land & building 14,716 13,3767% variable interest rate note payable to CitiBank; dated2/1/1993; monthly payments of principal and interest of$466; maturing 3/1/2023; secured by land & building 33,363 30,3675% acquisition and pre-development note payable to theHousing Department of the City of Los Angeles; dated 2/4/1998; interest and principal due 2/4/2038; securedby land and building 172,445 172,4453% $615,480 note payable to Housing Authority of Countyof Los Angeles; dated 9/18/2001; principal and interestdue in arrears in annual installments, maturing 3/15/2031;secured by deed of trust 604,120 604,1203% $723,821 note payable to Housing Authority of CountyLos Angeles; dated 10/15/2001; principal and interestdue in arrears in annual installments, maturing 3/15/2031;secured by deed of trust 703,438 703,4383% $696,628 note payable to Housing Authorityof County of Los Angeles; dated 11/14/2002; principal and interest due in arrears in annual installment, maturing 3/15/2031; secured by deed of trust 614,570 614,5705% $1,437,335 note payable (residual receipt note)to the Housing Authority of the County of Los Angeles; dated 2/1/2004; interest and principal due in arrears in annual installments, maturing 2/4/2038; secured by land and building 1,437,335 1,437,3353% $675,232 note payable (residual receipt note)to the Housing Authority of the County of Los Angeles; dated 2/1/2004; interest and principal due in arrears in annual installments, maturing 3/15/2025; secured by land and building 675,231 675,2313% $1,207,213 note payable (residual receipt note)to the Housing Authority of the County of Los Angeles; dated 2/1/2004;interest and principal due in arrears in annual installments,maturing 3/15/2025; secured by land and building 1,207,213 1,207,2133% $480,000 deferred interest note payable to the Stateof California Department of Housing and Community Development;dated 4/29/2002; principal and interest due 3/15/2025;secured by deed of trust. Debt will be forgiven upon maturity if property is maintained for specified purposeduring the loan period (pending forgiveness). 480,500 480,500$400,000 subsidy payable to the Department of Housing and Urban Development; dated 7/30/1998; secured deed of trust 400,000 400,0003% $200,000 note payable to”