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 statement for the year then ended. The statement is electronically submitted to reac each year. The major categories of assets, liabilities and equity is reported in annual report file in department of 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's don't received compensation.”

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

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

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

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

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

“The audited financial statements is presented by the external auditor and discussed with the governing body as well as the state and federal income tax returns. The audited financial statements and income tax returns are approved by the governing body after the meeting with external auditors.”

“Annually the governing body 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 minutews are approved in next meeting of 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 directors does not received any compensation for their work.”

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

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

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

“Elderly services 1681. 0. 1681. 0.”

“Bank charges 2659. 0. 2659. 0.”

“Adp payroll services fees 2600. 0. 2600. 0.”

“Reimbursement of petty cash 34. 0. 34. 0.”

“Electroni filing of financial statements required by reac 1000. 0. 1000. 0.”

“Corporate annual report preparation fees 240. 0. 240. 0.”

“Digitalization process fees 394. 0. 394. 0.”

“Software support fees 3010. 0. 3010. 0.”

“Pension plan 212. 0. 212. 0.”

“Professional services-pre reac inspection 700. 0. 700. 0.”

“Professional services-building evaluation for damage caused by earthquakes 1875. 0. 1875. 0.”

“Assistance to fragile tenants 217. 0. 217. 0.”

“Loss on disposal property & equipment 323. 0. 323. 0.”

“Covid 19 expenses 12920. 0. 12920. 0.”

“Garbage & trash removal 2400. 2400. 0. 0.”

“Security services 64158. 64158. 0. 0.”

“Vehicle & maintenace equipment 1333. 1333. 0. 0.”

“Miscellaneous operating & maintenance exp. 57. 57. 0. 0.”

“Miscellaneous taxes, licenses, permits 4536. 4536. 0. 0.”