Mckinley III Inc.

“The organization entered into an agreement with related organization, ada s. Mckinley community services, inc., for management services. The management fee is calculated at 6.7 percent of residential income and capped at $73 per month, which has been approved by hud. The total fee for fye21 was $5,256.”

“The board retains the services of an independent cpa firm to prepare the organization's form 990. Management reviews the completed form 990 and provides a full copy to all voting members of the governing body prior to filing.”

“The organization monitors the policy, and all directors and employees are required to sign a conflict of interest statement annually.”

“The organization does not have any compensated employees. All employees are paid by a related organization, ada s. Mckinley community services, inc, and compensation and review procedures are performed by the related organization. The annual performance is reviewed by the board of directors, which is not compensated. All matters related to salaries are reviewed by the board of directors. The compensation decisions are made in the light of current market conditions.”

“Governing documents and financial statements are available through applicable governmental agencies; the conflict of interest policy is available upon written request to the organization.”

“Reimbursement has been paid to ada s. Mckinley commuity services, inc. For any staff time allocated to mckinley iii. Ada s. Mckinley community services, inc, ein # 36-2144820 has complied with payroll filing requirements.”

“Management consultants: program service expenses 0. Management and general expenses 3,392. Fundraising expenses 0. Total expenses 3,392. Manager/superintendent salary: program service expenses 25,906. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,906.”

“The required single audit as set forth in the single audit act and omb circular a-133 has not been completed yet for the calendar year-end 6/30/21, but plans to be completed by the extended due date as established in the relevant omb guidance.”