Student Housing of America Inc

“Baton rouge - century campus housing management lp, an unrelated party of the organization, managed the baton rouge through july 17, 2008. Pursuant to a management agreement,fees were equal to $10,000 per month increasing annually by the consumer price index. The property transferred management to ambling management company, an unrelated party, on july 17, 2008. In november, 2015, ambling management company transfered the agreement to rise residential llc. Rise residential is also a unrelated party. Fees under this agreement are equal to $10,000 per month increasing annually by the lesser of 3 percent or the percentage increase in the consumer price index. On october 17, 2017 baton rouge student housing, llc entered into a new management agreement with asset campus usa, llc, an unrelated party, for a monthly fee equal to the greater of $6,500 or 3.5% of gross monthly collections.”

“The draft 990 is emailed to all directors with a note that it will be filed on a specified date, subject to any comments which may be made by the directors. Directors are instructed to raise any issues they are concerned about in the 990 with the organization's counsel.”

“The conflict of interest policy is reviewed with the directors annually. The directors are each asked to fill out forms which ask if a conflict exists or not and to identify any potential conflicts which exist. If there are any potential issues that arise, they are brought to the attention of the whole board.”

“The following describes the compensation policy followed by the organization and its several exempt related entities which contribute to the compensation of the organization's directors and executive officers. The process for determining compensation for the president, chairman, executive officers, and directors begins with an independent compensation consultant. The compensation consultant prepares a report of the market rate of compensation for each of the executive positions. The report is then given to the compensation committee which, together with the senior management, evaluates the performance of the executives and the organization. After this, the compensation committee provides recommendations to the board of directors as to what should be the appropriate levels of compensation. The board of directors then votes to pass a resolution establishing the level of compensation. Directors whose compensation is being voted on, or whose relatives' compensation is being voted on, are excused from the deliberations and do not vote on their own or their relatives' compensation.”

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