MID-Peninsula Oroysom Senior Housinginc

“The tax accounting manager completes the 990 questionnaire and accumulates all supporting documentation. The questionnaire is sent to the tax professionals for their preparation of the tax returns. The draft 990 tax return goes through the review of the tax accounting manager. Upon the chief financial officer's approval, the tax return is filed with the internal revenue service.”

“A conflict of interest disclosure questionnaire is submitted annually to the board of directors and key employees, who complete and return the forms disclosing any conditions of potential or actual conflict of interest. The disclosures are reviewed by the corporate counsel and the cfo. A summary of the disclosures is presented to the governance committee, which assesses if any conflict of interest actually exists. Any conditions which warrant elevation to the board of directors is done so on a case-by-case basis. As of the reporting date, there has been no reportable condition of conflict of interest.”

“Data from an external compensation survey is reviewed and discussed with the bod.”

“Governing documents are available upon request.”

“The organization has no employees. Salaries and wages reported in part ix, functional expenses were reimbursements to midpen property management corporation. The amount was listed to conform with the requirements of federal and/or state regulatory agency and/or lender on audited financial statements.”

“Applicant screening expense 1,514 file and compliance review i/e 1,621 bad debt/collection loss 17 turnover expenses - cleaning 880 janitorial supplies 557 exterminating supplies 84 garbage removal 15946 fire/safety service & supplies 1,041 lighting & electrical repairs 778 hvac maintenance 1,979 plumbing service & repairs 6,258 carpentry 702 locks & keys 382 carpet cleaning & repairs 1,430 windows & coverings 349 painting/decorating contract 2,081 painting/decorating supplies 1,812 paint turnover expenses 4,413 gutter cleaning 830 miscellaneous maintenance 284 major non-recurring services 11,084 real estate taxes and assessments 3,085 workers comp. 2,424 misc.licenses/permits/fees 748 cap exp-appliances 5,638 cap exp-hvac 39,363 total other expenses 105,300”

“The process of overseeing the audit and selecting an independent accoutant has not changed from the prior year.”