The Millennium Housing Foundation Inc

“Delegate control over management duties: the organization has delegated field services for millennium - cudahy, inc., millennium - janesville i, inc. And millennium - janesville ii, inc. To millennium professional management, llc.”

“PROCESS USED BY ORGANIZATION TO REVIEW FORM 990: The corporate President and the Accounting and Compliance Administrator review the draft of the tax return and upon their approval the Board of Directors are forwarded a copy of the tax return via email or US Mail before the filing of the final tax return. If no comments are received from the Board of Directors within a specified amount of time (may change based on timing of filing requirements, but typically a week) the accounting firm completing the tax return will file the return by mail or electronic format.”

“Monitor & enforce compliance with the written conflict of interest policy: each year at the organization's annual meeting, or in any case prior to the filing of the form 990, a conflict of interest disclosure form is completed by each board member or officer. Should a disclosure reveal a conflict, the board of directors will follow the procedures set forth in paragraph four of the policy. The board will take action either at a meeting of the board (this could be done by telephone) or by consent resolution to document compliance with the procedure.”

“Review and approval process for determination of compensation: a board member engages a cpa firm to provide compensation data for qualified persons in functionally comparable positions at similarly situated organizations. The board reviews the data obtained from the cpa firm and approves the current level of the compensation. Such approval is documented in the annual meeting minutes of the organization.”

“Describe how organization makes governing documents available to public: documents are made available to the public upon request.”

“Investments in subsidiaries: investments in subsidiaries represent the organization's investment in its wholly owned subsidiaries that file separate tax returns. The organization uses the equity method when accounting for investments in subsidiaries.”

“OTHER PROGRAM SERVICES: SPRING GLEN PROVIDES 40 LOW-INCOME APARTMENTS TO ELDERLY and disabled TENANTS IN MAYVILLE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS. MILLENNIUM DEVELOPMENT SERVICES, LLC (MDS) FACILITATES THE REHABILITATION AND DEVELOPMENT OF LOW-INCOME HOUSING THROUGH THE SECTION 42 INCOME TAX CREDITS. DURAND PLAZA PROVIDES 72 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN RACINE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS. OAKWOOD PROVIDES 41 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN MEQUON, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS. MILLENNIUM PROFESSIONAL MANAGEMENT, LLC (MPM) PROVIDES PAYROLL, MANAGEMENT, AND OTHER SERVICES FOR SEVERAL OF THE PROJECTS UNDER THE MILLENNIUM HOUSING FOUNDATION UMBRELLA.”

“OTHER CHANGES IN NET ASSETS: ADJUSTMENT OF $9 TO agree CURRENT YEAR BEGINNING NET ASSETS TO PRIOR YEAR ENDING NET ASSETS DUE TO A ROUNDING ENTRY PROPOSED TO ADJUST NET ASSETS PER THE FORM 990 TO THE AMOUNT REPORTED IN THE AUDITED FINANCIAL STATEMENTS.”