The Mulford Corporation

“The organization has a management agreement for certain administrative and consulting services with the fresnel group. The fresnel group shall provide financial, administrative, and program and development management services to assist the organization in the implementation and management of its rental assistance programs. There are no individuals reported in part vii, section a, who are compensated for services provided to the filing organization and related organizations during the year. The fresnel group was paid $432,546 for these services in 2024.”

“The organization has amended its by-laws during 2024 in add the positions of vice president and secretary as officers of the corporation. The roles and responsibilities of these two positions include the following: 1. The vice president shall attend the meetings of the board and shall work in close cooperation with the president to develop and implement the corporation's mission and strategic goals. The vice president may act in the place of the president during his/he absence or inability to act. The vice president may execute any documents authorized by the board of directors and by designation of the president. 2. The secretary shall attend meetings of the board and record its proceedings. He or she and/or his/her designee may give, or cause to be given, notice of all meetings of directors of the corporation. The secretary shall keep the records of all meetings of the board and committees thereof. The secretary may certify all votes, resolutions, and actions of the board, and committees of the board, and may attest all documents executed on behalf of the corporation. The secretary may execute any documents authorized by the board of directors and by designation of the president.”

“All "mhacy" affiliated members shall be appointed by the mayor of the city of yonkers.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, and is ready to be filed with the internal revenue service, it is electronically sent to management for approval.”

“The conflict of interest policy covers all directors, principal officers, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest. After dislcosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or comittee shall decide if a conflict of interest exists. The governing board or committee shall review the conflict of interest and determine by majority vote whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“Cpg phase vi gp, llc is 50% owned by the tax-exempt entity, the mulford corporation as such, cpg phase vi gp, llc is considered a tax-exempt controlled entity as defined in code section 168(h)(6)(f)(ii). Cpg phase vi gp llc hereby elects, pursuant to irc sec. 168 (h)(6)(f)(ii), to have its tax-exempt shareholder treat as unrelated business taxable income (under code section 511) any dividends, interest or gain from a sale of stock with respect to this controlled entity. This entitles this tax-exempt controlled entity, to not be treated as a tax-exempt entity. This election is effective for this tax year and all future tax years. It is a binding and irrevocable election.”

“La mora mm, llc is 100% owned by the tax exempt entity, the mulford corporation as such, la mora mm, llc is considered a tax-exempt controlled entity as defined in code section 168(h)(6)(f)(ii). La mora mm, llc hereby elects, pursuant to irc sec. 168 (h)(6)(f)(ii), to have its tax-exempt shareholder treat as unrelated business taxable income (under code section 511) any dividends, interest or gain from a sale of stock with respect to this controlled entity. This entitles this tax-exempt controlled entity, to not be treated as a tax-exempt entity. This election is effective for this tax year and all future tax years. It is a binding and irrevocable election.”

“The organization has a finance committee that is responsible for oversight of the audit of the organization's financial statements.”