Saco Voa Elderly Housing Inc the Paul Hazelton House

“The organization's governing body delegated broad authority to an executive committee. The executive committee is composed of the following five officers of the organization: Chair, President, Vice Chair, Secretary, and Treasurer. There are no executive committee members who are not on the governing body. The executive committee has the authority of the governing body in the management of the business of the organization.”

“Michael W. King, Peter J. Desjardins, Joseph A. Budzynski, Nancy A. Gavin, Faith A. Nutz, Paul F. Soczynski, David Nisivoccia, David W. Paskoff, Dejernette Beaty, and Kimberly B. King have business relations with each other, because they also serve as directors and/or officers of Volunteers of America, Inc., Volunteers of America National Services, and/or their related organizations.”

“The organization has no employees, and has delegated control over certain property management duties to VOA Northern New England, Inc. pursuant to a property management agreement. Volunteers of America National Services, as the parent and sponsoring corporation, assists in providing to its subordinate corporations general and administrative supervision, financial management, quality assurance, regulatory compliance, real estate development and strategic planning.”

“Volunteers of America, Inc. has the right to appoint or approve directors and Volunteers of America, Inc. has, in turn, transferred this authority to Volunteers of America National Services.”

“The Articles of Incorporation and bylaws of the corporation may not be amended without the prior written approval of the Secretary of the U.S. Department of Housing and Urban Development. Directors may be removed with or without cause at the request of the U.S. Department of Housing and Urban Development. The bylaws may not be amended without the prior written consent of Volunteers of America, Inc.”

“The final Form 990 is reviewed by Asset Management and an officer of the Board of Directors prior to filing with the IRS. All members of the organization's Board of Directors and all officers of the board are also provided an opportunity to review the Form 990 in electronic form immediately prior to filing.”

“The policy requires officers, directors and key employees to disclose annually interests that could give rise to conflicts. The policy and disclosure form are distributed and collected annually, and individuals are required to update the disclosure form throughout the year in the event actual or potential conflicts arise. Conflicts of interest are reviewed by the Board of Directors. Persons with a conflict are prohibited from participating in the governing body's deliberations and decisions in the transaction.”

“All organizing and operating documents are available to the public upon request.”

“Section 1.263(a)-3(n) Election: Saco VOA Elderly Housing, Inc. 1660 Duke Street Alexandria, VA 22314 EIN: 72-1355929 Saco VOA Elderly Housing, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”