Largo Landing Elderly Developments Inc

“The organization's activities are managed by a real estate management firm, s.l. Nusbuam. The company provides accounting, human resource, and management oversight for the organization. L. Lanham is an employee of s. L. Nusbaum and the manager for the property. Her compensation, which reflects her management for this and other properties, was $75,824.”

“Fellowship square foundation, inc. (ein 52-6067043) is the sole member of largo landing elderly developments inc. According to largo landing's bylaws.”

“The fellowship square foundation, inc. Has the ability to appoint the governing body.”

“The fellowship square foundation, inc. Approves many decisions made by the largo board of directors, as outlined in the organization's bylaws.”

“Fellowship square executive staff perform an initial review. Once approved, the finance committee reviews the draft and subsequently the whole board reviews and approves the 990 prior to the return being filed.”

“The organization's conflict of interest policy requires each director and/or officer to annually disclose to the board of directors any actual or potential conflicts of interest. Family and business relationships are expressly mentioned in the policy. The board of directors (excluding any member who is party to the conflict) is responsible for reviewing the potential conflict and making the determination if an actual conflict of interest exists. Upon knowledge that a conflict was not properly disclosed to the board of directors, appropriate corrective and disciplinary actions shall be taken. Individuals party to any conflicts of interest shall be precluded from voting on any matters associated with the arrangement or transaction involving such conflict.”

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

“Christina zeitz is the ceo of fellowship square foundation, the parent organization of the filing organization. The ceo has overall responsibility for the organization, however, her time spent on each of the affiliated organizations is variable. Rather than make assumptions about time spent on each organization, all time is reflected at the fellowship square foundation organization.”

“The filing organization does not prepare its own payroll reports. The management company, s.l. Nusbaum files all payroll information, such as w-2s, and allocate salaries to the respective organizations' operations as appropriate as the staff members are s.l. Nusbaum employees.”

“Consultants: program service expenses 0. Management and general expenses 169,647. Fundraising expenses 0. Total expenses 169,647. Other professional fees: program service expenses 0. Management and general expenses 834. Fundraising expenses 0. Total expenses 834. Security guard services: program service expenses 81,020. Management and general expenses 0. Fundraising expenses 0. Total expenses 81,020.”

“The payroll expenses are for the management company, s.l. Nusbaum employees, responsible for managing the property.”

“Non-cash contributions from affiliate not recorded on books -6,045. Intercompany adjustment to due to management fund 7,694.”