Villa O'Keefe Inc

“The project pays a management fee of 7.5% of gross revenue to r.c. Management, inc. The management fee p.u.p.m. Was $44.28. The total fees for the year were $26,569. All payroll and related activity (payroll taxes, workers compensation insurance, employee benefits and other) of the corporation is transacted through rc management, inc., and totaled $94,651 for the year ended march 31, 2017 (total paid was $92,727). Included in these charges were bookkeeping fees of $4,200 during 2016/2017. The management company has a wholly owned subsidiary, hapsco, inc., that purchases supplies in bulk in order to obtain volume discounts. The supplies are then sold to the properties at cost. Total purchases from hapsco, inc. By the property for the year ended march 31, 2017 totaled $160.”

“The corporation has directors that can vote on new directors that are a part of the governing body.”

“Minutes are prepared for the meetings held by the governing board. There are no other committees, as such, no other minutes are produced. (note: there are very few meetings held during the year, if any. None during the current fiscal year.)”

“The governing body reviews the form 990 with the property manager, and if there are any questions or concerns, they will be answered prior to filing the return.”

“The governing body will provide copies of the organizational documents, financial statement or form 990 upon request.”

“Salaries and payroll taxes: program service expenses 54,515. Management and general expenses 0. Fundraising expenses 0. Total expenses 54,515. Other administrative: program service expenses 1,112. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,112.”

“Villa o'keefe, inc. Has a committee that assume responsibility for oversight of the auidt, and there has been no change in this process in the current year.”