Niles Four Flags Elderly Housing Inc

“The board reviews the 990 return before being submitted electronically. The executive director is authorized to sign the return.”

“The organization makes available upon request the documents desired by an interested party. Requests are directed to the executive director of the facility.”

“With the unanimous consent of the board, the organization sold all of it's assets to a for-profit organizaion in november of 2018. The new owner applied for and received approval from hud to be able to continue the rent assisted senior housing program currently in place.”

“Early mtg pay-off fee: program service expenses 0. Management and general expenses 301,602. Fundraising expenses 0. Total expenses 301,602.”

“Contribution of assets from sale of facility to a private foundation -2,145,802.”

“The board assumes responsibility for oversight of the financial statements and the selection of an independent accountant to compile them. The board has a selection process with specific criteria required of an independent accountant.”

“The organization's compliance with federal programs was audited in previous years by the independent accounting firm that audited the financial statements. According to their report on compliance for each major program and on internal control over compliance required by audit requirements of title 2 u.s. Code of federal regulations part 200, uniform administrative requirements, cost principles, and audit requirements for federal awards (uniform guidance), the organization complied in all material respects with the types of compliance requirements referred to above that could have a material effect on each of its major federal programs for the year ended.”