Gim Housing Inc

“The management company handles all the day to day activities for the organization. It also provides all the necessay monthly accounting and bookkeeping service.”

“Provided to board members prior to filing.”

“This is done with a conflict of interest statement completed by each member of the volunteer board.”

“Available upon request.”

“Client Note 1 - Form 990, Part V, Line 2aForm 990, Part VI, Section B, Line 15Form 900, Part IX, Line 7 & 10 - Statement of Functional ExpensesCompensation:The organization has no employees. All compensation costs are allocated from the employees of the management company.Form 990, Part VI, Section A, Line 1b Number of Voting Members Who are IndependentThe Board is made up of interested Goodwill employees and supporters with experience and technical expertise. The one independent Board member is the Chairman of the Board of Goodwill Industries-Manasota, Inc., which is the sponsoring organization. The Board Chair reports back to the Board of Goodwill Manasota-Inc. which is comprised of independent Board members. Effective on May 29, 2020 the housing facility (the main asset of the organization) was sold to an unrelated entity. The proceeds from the sale were used to pay off the mortgage balance and other debt. On November 18, 2020, all of the remaining assets (cash), after payment of liabilities and obligations, was transferred to Goodwill Industries-Manasota, Inc. and the organization was dissolved.”

“Effective on May 29, 2020 the housing facility (the main asset of the organization) was sold to an unrelated entity. The proceeds from the sale were used to pay off the mortgage balance and other debt. On November 18, 2020, all of the remaining assets (cash), after payment of liabilities and obligations, was transferred to Goodwill Industries-Manasota, Inc. and the organization was dissolved.”

“A board member (Bob Stanell) is a principal in the accounting firm of Christopher, Smith, Leonard, Bristow & Stanell, P.A. ("CS&L") that provides accounting and CFO services to a related entity (Goodwill Industries-Manasota, Inc.). CS&L does not provide any accounting services to G.I.M. Housing, Inc. CS&L did provide the following services to the sponsoring entity (Goodwill Industries-Manasota, Inc.):1. Outsourced all daily accounting, treasury, payroll and CFO services of the entire dept - $801,800.Fees are reviewed and negotiating annually with the CEO and a part of the company's overall budget that is reviewed and approved by the Board of Directors of Goodwill Industries-Manasota, Inc.”