Monticello Ecumenical Retirement Center Inc.

“The 990 is prepared by the organization's independent auditor and is thoroughly reviewed before submission.”

“The organization's conflict of interest policy is included in its written policy manual. No exceptions to this policy will be made unless approved by the board of directors.”

“The board of directors reviews and approves all compensation annually.”

“No officers are compensated by this organization.”

“ON REQUEST”

“Monticello ecumenical retirement center, inc. (the "organization") was incorporated june 2, 1982 as a non-profit organization. The primary purpose of the organization is to provide housing for the elderly or the handicapped pursuant to section 202 of the national housing act, as amended. The organization operates annswood apartments (the "project"), an apartment complex of 62 rental units located in monticello, arkansas. The project leases the apartments under operating leases that are substantially all on a month-to month basis. The project's major program is its section 202 direct loan. The project is regulated by the department of housing and urban development (hud) as to rent charges and operating methods. As a non-profit owner of the project, the organization is not entitled to distributions of project funds under the terms of the regulatory agreement with hud.”

“Garbage removal 9,286 0 0 decorating supplies 8,769 0 0 janitor & cleaning contra 7,638 0 0 sewer 6,124 0 0 miscellaneous admin 0 5,441 0 exterminating supplies 5,132 0 0 heat & air repairs 4,924 0 0 electricity 4,800 0 0 telephone 0 3,137 0 office expenses 0 2,646 0 repairs-material 2,023 0 0 damages & cleaning 1,590 0 0 workmens compensation ins 1,581 0 0 misc maintenance expense 607 0 0 fidelity insurance bond 413 0 0 janitor & cleaning supp 197 0 0 total 53,084 11,224 0”