Opportunity Apartments Inc

“Opportunity apartments, inc. 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 opportunity apartments, inc. 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.”

“Per the organizations by-laws the directors of the corporation shall be its only members. For the purposes of any statute or rule of law relating to corporations, shall have all rights and privileges of members. The by-laws state that the board of directors shall be approved by the board of directors of northeastern center, inc. And each director shall either be a member of the board of directors of northeastern center, inc. Or its staff.”

“The by-laws state that the board of directors shall be approved by-the board of directors of northeastern center, inc. And each director shall either be a member of the board of directors of northeastern center, inc. Or its staff.”

“The auditing firm sends a draft of the return to the management company. The president 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 approval to file the return.”

“Review the policy on an annual basis with the board of directors to make sure that everyone in in compliance.”

“The organization does not compensate officers or directors. If the organization revises their position on compensation of officers and directors, an additional policy will be drafted at that time. Compensation noted on schedule j, page 2, part ii is paid by and is for services rendered to northeastern center, inc.”

“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, with the exception of jerry stoner, steve howell and dorothy fuentes. Those three directors are employed by northeastern center and work a total of 40-45 hours.”

“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. 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.”