Blue River Inc

“Blue river, inc., both phase i and ii, is managed by bradley residential management corporation, a professional property management company. Bradley residential management corporation has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved bradley residential management corporation to manage the blue river 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 safe, sanitary and affordable environment.”

“The corporation shall have one class of members. Members may be individuals or organizations. Any legally competent person of good reputation who resides in whitley county, who applies for membership shall be eligible.”

“Members may be elected at any meeting of the members or at any meeting of the board of directors.”

“Each member shall be entitled to one vote on each matter submitted to a vote of the members.”

“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 policy and abstain from any voting where a conflict could exist.”

“The organization does not compensate officers or directors (see page 7, part vii). If the organization revises their position on compensation of officers and directors, an additional policy will be drafted at that time.”

“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.”

“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.”

“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. 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.”