Chelmsford Housing Opportunities for Intergenerational Community

“Line 16b - although the organization does not have a formal joint venture policy in place, they only do projects that strictly fit their mission - 100% affordable housing development with supportive services.”

“Choice center llc has entered into an agreement with the chelmsford housing authority (cha) to provide property management services. The cha receives an annual fee equal to 5% of gross revenues from the project. For the year ended june 30,2017, choice center llc paid management fees in the amount of 23,604. Choice, inc. Has also entered into an agreement with the cha to provide property management services for the residences at 4 james street. The cha receives an annual fee equal to 6.00% of net effective income. For the year ended june 30, 2017, choice, inc. Paid management fees related to the residences at 4 james street in the amount of 4,802. Additionally, in conjunction with the management agreements, choice, inc. And choice center llc have reimbursed the chelmsford housing authority for salaries and related payroll taxes and benefits. The amounts reimbursed for the year ended june 30, 2017 totaled 516,753.”

“The board of directors reviews a copy of the 990 with the director of finance and executive director before it is filed.”

“All board members are required to fill out a conflict of interest statement identifying any business or personal obligations which potentially create a conflict of interest with choice. These statements were filled out upon adoption of the conflict of interest policy or upon becoming a member. These statements are updated annually and members are also encouraged to identify any conflict they feel might appy to another member. If a board member believes he or she may have a potential conflict on a given manner they should speak up during the course of the meeting to reference to the conflict. Those members in conflict are not allowed to participate in any discussion relative to the matter in question, other than to respond to direct inquiries made by other board members. They will also not be allowed to vote on the matter, but will be counted as a part of a quorum in the voting process. The minutes of the meeting shall reflect their abstention from the discussion and the vote. If there is question as to whether a conflict exists, the member should raise the question in the meeting. The chair will make the determination, and insure the appropriate processes are followed.”

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

“Connie donahue comtois is provided with retirement and health insurance benefits through chelmsford housing authority. The organization has been unable to determione at this time the total cost to chelmsford housing authority for these benefits to connie donahue comtois as the health insurance paid to the gic is billed a total quarterly amount rather than breaking down by employee. Similarly, retirement costs are paid by chelmsford housing authority to the middlesex retirement annually and they are billed in total rather than being provided a breakdown of costs per employee.”

“The full legal name of the entity is choice housing opportunities for intergenerational community endeavors, inc. The entity is known as choice in the community which it operates.”

“The organization is dedicated to the betterment of all populations serviced by the chelmsford housing authority. In addition, the organization will further the purpose and missions of the cha to develop housing and programs that promote self-sufficiency.”

“Management svcs-reimb salary 346,810 26,920 0 mgt svcs-reim benefits/pr tax 131,581 11,442 0 consultants 51,096 0 0 total 529,487 38,362 0”