Grant Street Apartments

“Grant street apartments is managed by celtic property management, a professional property management company. Celtic has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved celtic to manage the grant street apartment community. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment. One member of the board of directors, jessica raymond, received reportable compensation from celtic property management during the current year. The amount of reportable compensation to jessica raymond was $110,000.”

“Grant street apartments, inc. Had two members with equal membership interests. The two members were chicanos por la causa, inc. And greater phoenix urban league, inc. During 2014, chicanos por la causa, inc. Sold their interest to greater phoenix urban league, inc., leaving greater phoenix urban league, inc. As the sole member.”

“The board of directors of grant street includes an officer of greater phoenix urban league, inc. As well as a member of the board of greater phoenix urban league, inc. In addition, the board of directors of grant street includes an employee of celtic property management, llc. At year end, greater phoenix urban league, inc. Was the sole member of grant street and celtic property management, llc served as the management company of grant street.”

“The bylaws may be altered, amended or repealed, and new bylaws may be adopted, by a majority of the directors present at any regular meeting or at any special meeting of the board.”

“The auditing firm sends a draft of the return to the management company. The management company forwards a copy of the return to each board member for thier comments prior to filing.”

“The form 990 and all related financial and policy information are made available to the public upon written request.”

“Grant street apartments (the "taxpayer") made an attempt to timely file its return for the year ended october 31, 2020. At the time the return was filed, 2020 forms were not available, so 2019 forms were used. The tax return preparer's tax preparation software did not provide the ability to electronically file returns completed on 2019 forms with tax years beginning in 2020. Therefore, the taxpayer paper filed this return before the original due date of the return. After paper filing the return, the taxpayer received a notice stating that the return that was paper filed had been rejected and that electronically filing the return was required. The return was moved to 2020 forms and is now being electronically filed. Due to the good faith effort made by the taxpayer to timely file this return, the taxpayer respectfully requests that all late filing penalties be removed.”