Peace Memorial Manor Inc

“Peace memorial manor, inc. Was incorporated as a not-for-profit corporation in the state of illinois in 1978. It was formed to acquire land and construct buildings to house low-income elderly and handicapped persons as defined by the national housing act of 1959.”

“All employees are co-employed by a peo (professional employment organization), synergy peo llc and embrace living communities. All forms, including w-2's and reports, are issued under the ein of synergy peo llc 76-0721382. The reporting corporation reimburses embrace living communities for all employee compensation expenses.”

“Embrace living communities, a not-for-profit corporation, is the managing agent and receives management fees as a percentage of the gross rents, including rental subsidies and other income under terms of a management agreement approved by hud. The managing agent is responsible for the day to day activities of the organization such as maintaining the building, resident support, hiring and supervising the employees. It also provides all the necessary bookkeeping and accounting services and submits all the required financial reports. All decisions and reports are presented and discussed with the board and approved by the board of directors.”

“Description:DURING THE YEAR THERE WAS A EQUITY Amount:”

“Description:TRANSFER TO AFFILIATED ORGANIZATIONS. Amount:89108”

“Description:INTEREST RECEIVABLE BOY Amount:12028 EOY Amount:7272”

“Description:LOAN RECEIVABLE BOY Amount:168120 EOY Amount:91041”

“Description:DUE FROM PARTNERSHIP BOY Amount:27254 EOY Amount:27254”