Anointed Acres Housing Development

“Anointed acres housing development is managed by community management corporation, a professional property management company. Community management corporation has a project owner's & management certification for multifamily housing projects with the us department of housing and urban development. Under this certification hud has approved community management corporation to manage the anointed acres housing development property. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

“Members of the corporation shall at all times be limited to individuals who have the approval of the board of trustees of the national benevolent association of the christian church (disciples of christ).”

“Directors shall be members of the corporation and shall be elected at the annual meeting of the members of the corporation by the members. Members of the corporation shall at all times be limited to individuals who have the approval of the board of trustees of the national benevolent association of the christian church (disciples of christ).”

“The outside independent accountant forwards a draft of form 990 to the management company, which in turn disperses a complete copy of the 990 to the board of directors for their review. Upon board approval, the board president notifies the management company to communicate approval to the outside accountant, which issues a final return for the board president to sign and file.”

“The organization does not compensate officers or directors (see page 7, part vii). If the organization revises their position on compensation of officers and directors, an additional policy will be drafted at that time.”

“Form 990 and all related financial and policy information are made available to the public upon written request.”

“Average number of hours worked: all of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.”

“Overview of audit function: the management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”