Las Palmas Foundation

“Joseph michaels, president is the husband of leslie michaels, office manager.joseph michaels is also the brother of susan newcomer who is a member of the boardof directors.”

“The board members are provided a draft copy of the form 990 tax return for review.the president or tax preparer answers any questions they might have. The presidentsigns the final 990 and then the return is filed on a timely basis.”

“All matters are reviewed by the board of directors at least twice a year.”

“The organization uses information from compensation studies/surveys and form 990'sto determine compensation for the ceo, president and top management. The board ofdirectors vote and approve the compensation for the president, who is then presentedwith a written employment contract on an annual basis.”

“Las palmas foundation makes form 1123, form 990, governing documents, conflict ofinterest policy and financial statements available to the public upon request.”

“Other program services 4: managing general partner in san diego commons, lp which owns and operates a 78 unitaffordable family apartment complex in san diego, ca. Other program services 5: managing general partner in amcal mission fund limited partnership which owns and operates an 85 unit affordable family apartment complex in san diego, ca. Other program services 6: managing general partner in almaden senior housing partners limited partnershipwhich owns and operates a 66 unit affordable senior citizen apartment complex in san jose,ca. Other program services 7: managing general partner in gateway i housing investors limited partnership whichowns and operates a 42 unit affordable family apartment complex in san diego, ca. Other program services 8: managing general partner in la entrada housing investors limited partnership whichowns and operates a 85 unit affordable family apartment complex in san diego, ca. Other program services 9: managing general partner in almaden family housing partners limited partnershipwhich owns and operates a 220 unit affordable family apartment complex in san jose, ca. Other program services 10: managing general partner in syep associates limited partnership which owns and operates a 45 unit affordable family apartment complex in san ysidro, ca. Other program services 11: managing general partner in amcal los vientos fund limited partnership which owns and operates a 89 unit affordable family apartment complex in san diego, ca. Other program services 12: managing general partner in brawley housing investors limited partnership whichowns and operates a 69 unit affordable family apartment complex in brawley, ca. Other program services 13: former managing general partner in parwood preservation limited partnership which owned and operated a 528 unit, hud section 8 affordable family apartment complex in long beach, ca. This property provided affordable housing to low income residents and was sold in 2014. Other program services 14: managing general partner in solano vista ii housing investors limited partnershipwhich owns and operates a 194 unit senior citizen affordable housing project located in vallejo, ca. This property provides affordable housing to low and moderate incomeresidents. Other program services 15: managing general partner in poinsettia apartments limited partnership which owns and operates a 136 unit affordable family apartment complex in los angeles, ca. Other program services 16: managing general partner in baywood affordable limited partnership which owns and operates a 77 unit hud section 8 senior citizen apartment complex in oakland, ca. Other program services 17: managing general partner in montebello senior housing limited partnership whichowns and operates a 189 unit hud section 8 senior citizen apartment complex in montebello, ca. Other program services 18: managing general partner in fresno family housing partners limited partnership whichowns and operates a 72 unit affordable family apartment complex in fresno, ca. Other program services 19: managing general partner in oak village preservation limited partnership whichowns and operates a 117 unit hud section 8 family apartment complex in oakland, ca. Other program services 20: managing general partner in plymouth west partners limited partnership whichowns and operates a 196 unit hud section 8 senior citizen apartment complex in long beach, ca. Other program services 21: managing general partner in amcal las brisas fund limited partnership which owns and operates a 66 unit affordable family apartment complex in los angeles, ca. Other program services 22: managing general partner in amcal casa la paz fund limited partnership whichowns and operates a 61 unit affordable family apartment complex in coachella, ca. Other program services 23: managing general partner in vallejo family housing partners limited partnershipwhich owns and operates a 87 unit affordable family apartment complex in vallejo, ca. Other program services 24:”