The Associate Reformed Presbyterian Home

“The board of directors has delegated the management of the rental apartments to north carolina housing services and management corporation dba anchor services & management. The apartment complex for low-income and elderly individuals is regulated by u.s. Department of housing & urban development as to rent charges and operating methods. North carolina housing services and management corporation dba anchor services & management was chosen due to its experience in management under these guidelines.”

“All decisions regarding the entity must be agreed upon by a majority of the board members. No board member may act independently of the board in matters regarding the corporation.”

“Form 990 and audited financial statements are reviewed, approved and signed by designated officers on behalf of the corporation.”

“All tax returns, other government filings, and financial statements are available for public inspection at the offices of the management company: north carolina housing services and management corporation dba anchor services & management, 2585 w clemmonsville road, suite 102, winston-salem, nc 27127.”

“Manager salary reimbursement: program service expenses 39,685. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,685. Garbage and trash removal: program service expenses 39,566. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,566. Supplies: program service expenses 37,002. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,002. Misc operating and maintenance expenses: program service expenses 21,273. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,273. Payroll tax reimbursement: program service expenses 11,657. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,657. Mortgage insurance premiums: program service expenses 11,576. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,576. Repairs & maintenance: program service expenses 10,721. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,721. Misc administrative expenses: program service expenses 0. Management and general expenses 9,990. Fundraising expenses 0. Total expenses 9,990. Security contract: program service expenses 5,855. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,855. Other renting expenses: program service expenses 5,056. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,056. Bad debt: program service expenses 3,017. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,017. Vehicle and maintenance equipment operation and repairs: program service expenses 158. Management and general expenses 0. Fundraising expenses 0. Total expenses 158. Misc financial expenses: program service expenses 50. Management and general expenses 0. Fundraising expenses 0. Total expenses 50.”