Casa Dorada Inc.

“The project is regulated by hud with respect to rental charges and operating methods.the operation of the project is monitoring by the governing body. The governing body received counseling from the management agent about project operations.”

“The corporation is exempt from taxation under section 501(c)(3) of irs code. Hud requires annual audited financial statements for the year then ended. The statement is electronically submitted to reac each year. The major categories of assets, liabilities and equity is reported to department state of puerto rico and any person can access the site of the department of state of puerto rico.”

“The project agreement stipulated that the project will not make any distribution of assets or income to any of officers or directors.the officer's don't received compensation for their work.”

“The owner corporation appointed a governing body compose of 5 members. The officer don't received compensation.”

“The principal revenue is received from tenants assistance payments (section 202 prac) & from rental paid by tenants.”

“Hud required audited financial statement for all programs over the threshold of $750,000. The project is audited by external auditors.”

“The controller of the management agent is cpa. She is in charge of review and approved financial statements and income tax returns.”

“The governing body consists of 3 officers & 2 directors.”

“The entity is operated by management agent, combined building & housing consultant,inc. The fees received by management agent is aproved by hud.”

“The audited financial statements is presented to and discussed by the external auditor with the board of directors as well as the state and federal income tax returns. The audited financial statements and income tax returns are aproved by the board of director after the meeting with the external auditors.”

“Annually the governing board certified that they don't have any relationship with vendors, management agent or any entity provided services to the project.”

“During the meeting of the governing board minutes are taken. These minutes are approved in the next meeting by the board.”

“The entity operates and owns a housing project received financing from department of housing & urban development (hud) under section 202 capital advance program.”

“The officers and director does not received any compensation for their work.”

“The vacancy in governing board are elected by other members of the board.”

“The governing board don't have any committee.”

“The financial statements is electronically submited to reac each year. Also the project file the anual corporate report with the department state of puerto rico which include the balance sheet of the corporation.”

“53110 housing project received tenant assistance under section 513185. 0. 381235.”

“Other miscellaneous exp. 1078. 843. 235. 0.”

“Bank charges 1209. 0. 1209. 0.”

“Adp payroll processing fees 2401. 0. 2401. 0.”

“Elderly services 1656. 0. 1656. 0.”

“Electronic filling financial statements 1000. 0. 1000. 0.”

“SEMINARS 39. 0. 39. 0.”

“Annual corporate tax return fee 240. 0. 240. 0.”

“Software support fees 1855. 0. 1855. 0.”

“Pension plan 199. 0. 199. 0.”

“Covid 19 expenses 12738. 0. 12738. 0.”

“Assistance for fragile tenants 178. 0. 178. 0.”

“Professional serv. Elevator evaluation 375. 0. 375. 0.”

“Professional serv. Earthquake evaluation 6700. 0. 6700. 0.”

“Digitalization process 208. 0. 208. 0.”

“Photocopier maintenance 234. 0. 234. 0.”

“Security service 46747. 46747. 0. 0.”

“Vehicle & equipment maint. 14049. 14049. 0. 0.”

“Miscellaneous taxes & ins. 3746. 3746. 0. 0.”