Grand Street Northwest Inc

“Wavecrest management is responsible for the overall maintenance and operations of the real properties owned by the organization, subject to the supervision of the board of directors. Wavecrest is also responsible for planning and implementing the budget of the organization. No officers or directors were compensated by wavecrest for services provided to the filing organization or related organizations during the year.”

“The organization's sole member is the association of new york catholic homes, inc.”

“The organization's directors are elected by the member of the organization at the annual meeting of the member.”

“The following actions require the vote of a majority of the directors of the member: 1. Election of the chair of the board; 2. Any amendment to the certificate of incorporation, bylaws, or mission statement of the organization or the approval of any amendment of the operating agreement or articles of organization of clinton broome street development llc; 3. Approval of any expenditure in excess of $100,000 or any major capital improvement in excess of $100,000 by the organization or the llc; 4. Approval of any debt incurrence secured by the property, revenues, or other assets of the organization or the llc; 5. Approval of any unsecured debt incurrence by the organization or the llc in an amount greater than (i) three million dollars or (ii) 5% of the organization's or llc's operating budget; 6. Approval of any transaction by the organization or llc that requires approval in accordance with the member's bylaws; and 7. Approval of the establishment of a new related entity of the organization or llc.”

“A tentative draft of the form 990 (before it is finalized and sent to irs) is sent to the organization's legal counsel via email, who reviews and discusses the return with the governing body along with the underlying financial statements. Any suggested changes or comments and questions are then discussed with the cpa by a conference call.”

“Each officer, director or trustee is required to disclose annually interests that could give rise to conflicts in a board meeting. If an item of conflict comes to surface, the board discusses and votes on it before rewarding any contracts.”

“The organization's governing documents, conflict of interest policy and financial statements etc. Are made available to public upon request. The copies of these documents are kept at the managing agent's office and once requested, the agent will mail such copies by regular mail.”

“Consulting fees: program service expenses 413,169. Management and general expenses 0. Fundraising expenses 0. Total expenses 413,169. Architect fees: program service expenses 85,856. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,856. Adr fee: program service expenses 53,007. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,007.”