Maplewood Housing Corporation

“The organization delegated property management duties to charrette community management. Total fees paid to the management company for 2015 were $4,498.”

“The organization does not have a committee with authority to act on behalf of the board of directors.”

“The board and/or board-designated committee members review the form 990 and respective schedules prior to its submission.”

“Each director, principal officer and member of a committee with governing board delegated powers is required to sign annually a statement, or confirm through the minutes at an annual meeting which affirms such person: has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the organization operates in manner consistent with its charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted. The periodic reviews, at a minimum, include the following subjects: whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining, and whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“The organization makes its governing documents, conflict of interest policy, and annual financial statements available to the public upon request.”

“Accrual to cash conversion 9,431.”