Presidio Gate Apartments

“Compensation of all employees of presidio gate apartments, inc. Is paid by its ultimate owner, front porch communities and services. W2s/w3s are issued by front porch communities and services. Senior management employees listed in part vii are employees of front porch communities and services, a related organization. They are paid and issued w-2s by front porch communities and services. The salaries reported on part vii of the 990 and schedule j are in part supported through management fees remitted to caring housing ministries. Front porch communities and services use an independent consultant who analyzes and reports on reasonability of compensation every two years. The consultant is independent of management and reports directly to the chairman of the board. The consultant reviews and provides a report on any issues with the compensation the ceo and/or the cfo receive including any issues around excess compensation. Additionally, all key executives compensation are reviewed by the consultant. This review includes total cash compensation and benefits including retirement plans. Every year, the chief hr officer reviews the compensation for all management against market analysis guidelines and recommends changes. This review also includes a test of benefits against similar companies.”

“Compensation of all employees of presidio gate apartments inc. Is paid by its ultimate owner, front porch communities and services. W2s/w3s are issued by front porch communities and services. Senior management employees listed in part vii are employees of front porch communities and services, a related organization. They are paid and issued w-2s by front porch communities and services. The salaries reported on part vii of the 990 and schedule j are in part supported through management fees remitted to caring housing ministries. Front porch communities and services in establishing the compensation of the ceo and other top management officials, utilizes compensation studies and an independent compensation consultant. Final compensation amounts of the ceo and cfo are approved by the executive committee of the board and have been completed during the year. In establishing the compensation of other officers and key employees, front porch communities and services utilizes, compensation studies, and an independent compensation consultant. Compensation philosophy is approved by the executive committee of the board and final compensation amounts are approved by the ceo.”

“The organization contracted with caring housing ministries to provide property management, operational, and accounting services.”

“Caring housing ministries, a california nonprofit public benefit corporation is the sole member of presidio gate apartments.”

“Caring housing ministries has the right to vote with respect to electing and removing the directors of the presidio gate apartments (pga) board. The directors shall at all times consist of those persons who are serving as members of the board of directors of caring housing ministries.”

“Caring housing ministries shall have voting rights with respect to (i) the election and removal of directors, (ii) the dissolution, liquidation, merger or sale of the substantial assets of the corporation, (iii) adopting, amending or repealing the articles of incorporation of the corporation or bylaws, and (iv) such other matters as may be provided in the bylaws or the nonprofit corporation law of california.”

“The cfo and management personnel of presidio gate apartments review the 990 information return before filing with the internal revenue service.”

“Officers and board members are asked on an annual basis if there are any activities and/or affiliations that would pose a conflict with their ability to serve on the board or items that they will need to recuse themselves from voting on.”

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

“OTHER INCOME - Total Revenue: 2706, Related or Exempt Function Revenue: 2706, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”