Metro Towers Inc.

“The Organization collects security deposits from its resident tenants that are refunded/retained at the time the tenant moves out depending on any outstanding charges owed by the tenant.”

“The Organization accounts for uncertain tax positions in accordance with the provisions of FASB Codification Topic 740, Income Taxes. Topic 740 clarifies the accounting and recognition for income tax positions taken or expected to be taken in the Organizations income tax returns. Under Topic 740, the Organization is required to report information regarding its exposure to various tax positions taken by the Organization. The Organization has filed all required tax returns in the required jurisdictions in a timely manner. The Organizations income and tax filings are subject to audit by various taxing authorities. The Organizations Federal Return of Organization Exempt from Income Tax Form 990s for the years ended December 31, 2015 through 2017 remain subject to examination by the Internal Revenue Service, generally for three years after they are filed.Management evaluates the Organizations tax positions annually for any potential changes or issues that may result in uncertainty in the accounting for income taxes and makes a determination regarding their likelihood of being upheld under review. Management has reviewed all sources of revenue and believes that none of the activities have produced income subject to tax on unrelated business income. Management believes that the Organizations operations have been conducted in accordance with its tax-exempt status, that all tax positions have been addressed and that there are no unrecorded tax liabilities. The Organization did not record any interest or penalties in the Statement of Activities or Statement of Financial Position as of and during the year ended December 31, 2018.”