Chippewa Luce Macinac Comm Action Human Resource Auth Inc.

“The Organization is a not-for-profit organization exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is also exempt from similar state and local taxes. Although the Organization was granted income tax exemption by the Internal Revenue Service, such exemption does not apply to "unrelated business taxable income." Such income, pursuant to the Internal Revenue Code and related regulations, includes investment income such as interest received from sources other than directly from program fees. No income taxes are reported in the accompanying financial statement for fiscal year 2016. The Organization analyzes its income tax filing positions in the federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions, to identify potential uncertain tax positions. The Organization treats interest and penalties attributable to income taxes, and reflects any charges for such, to the extent they arise, as a component of its management and general expenses. The Organization has evaluated its income tax filing positions for fiscal years 2013 through 2016, the years which remain subject to examination as of September 30, 2016. The Organization concluded that there are no significant uncertain tax positions requiring recognition in the Organization's financial statements. The Organization does not expect the total amount of unrecognized tax benefits ("UTB") (e.g. tax deductions, exclusions, or credits claimed or expected to be claimed) to significantly change in the next twelve months. The Organization does not have any amounts accrued for interest and penalties related to UTBs at September 30, 2016, and is not aware of any claims for such amounts by federal or state income tax authorities.”

“rental expenses included as part of net rental revenue on the statement of revenue for the form 990”

“FROM K-1: AVERY SQUARE SENIOR HOUSING LTD DIV HOUSING ASSOC LP ORDINARY LOSS FROM K-1: AVERY SQUARE SENIOR HOUSING LTD DIV HOUSING ASSOC LP FROM K-1: HPS LLC ordinary income from K-1: HPS LLC”

“RENTAL EXPENSES netted against rental income”