The Navigator Corporation

“The organization has delegated control over management duties to multifamily select, inc. The affordable housing apartment complex is regulated by the u.s. Department of housing and urban development as to rent charges and operating methods. The management company was chosen due to its experience in management under these guidelines.”

“Membership in the corporation consists of its board of directors, and other persons interested in the purposes of the corporation as prescribed in the charter. Membership in the corporation is personal and not transferable.”

“At the annual meeting of the members, there shall be elected by ballot of the members, nominees to fill vacancies on the board of directors.”

“The bylaws may be amended at any regular meeting of the board of directors or at any special meeting called for that purpose, provided that written notice of the proposed amendment shall have been given at least ten days prior to such meeting. Such amendment shall require an affirmative vote of two-thirds of the members of the board of directors present at a duly constituted meeting and shall further require the written approval of the government.”

“A draft copy for form 990 is forwarded to each board member for their review and comment prior to filing the return.”

“The information is available upon written request.”

“Office salary reimbursement: program service expenses 99,428. Management and general expenses 0. Fundraising expenses 0. Total expenses 99,428. Cable tv expense: program service expenses 80,097. Management and general expenses 0. Fundraising expenses 0. Total expenses 80,097. Manager salary reimbursement: program service expenses 68,675. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,675. Bad debts: program service expenses 49,652. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,652. Payroll tax reimbursement: program service expenses 25,728. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,728. Entity expense: program service expenses 22,648. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,648. Garbage and trash removal: program service expenses 20,955. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,955. Management consultants: program service expenses 17,336. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,336. Other miscellaneous administrative expense: program service expenses 0. Management and general expenses 9,020. Fundraising expenses 0. Total expenses 9,020. Heating/cooling repairs: program service expenses 8,066. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,066. Miscellaneous operating expense: program service expenses 550. Management and general expenses 0. Fundraising expenses 0. Total expenses 550. Miscellaneous financial expenses: program service expenses 41. Management and general expenses 0. Fundraising expenses 0. Total expenses 41.”