First a M E Housing Association

“Form 990, part vi, line 6 - as of january 30, 2019, first ame housing association does not have members or stockholders. Instead, all operations are managed by the board of directors selected on a bi-annual schedule. Form 990, part vi, line 7a - election and term of office. The officers of the board of directors shall be elected annually by the board of directors at the annual meeting of the board of directors. If the election of officers does not take place at the annual meeting, the board shall elect officers as soon thereafter as convenient. Each officer shall hold office until his or her successor has been elected. Form 990, part vi, line 7b - all governance decisions are made by the board of directors in accordance with the bylaws and articles of incorporation.”

“Fame delegated management to catholic housing services of western washington to maintain daily operation of the three properties as of september 2019. Michaels management affordable llc took over management of daily operation of the three properties starting november 2019.”

“Review is done by treasurer. The treasurer is the leader of the finance committee. The submission of the 990 falls under the responsibilities of the finance committee.”

“Not available to the public.”

“The organization is amending form 990 to agree with the 2019 audited financial statements which were completed after the form 990's extended due date had past. The original form 990 was prepared with the best information available at the time it was filed. In addition, this amended form 990 is correcting statements regarding the organization's governing body. The amended revision are as follows: as originally amount amended reported change amounts part i summary line 9 program service revenue 2,107,152 159,684 2,266,836 line 12 total revenue 2,109,302 159,684 2,268,986 line 15 salaries/compensation 371,770 21,630 393,400 line17 other expenses 926,166 35 926,201 line 18 total expenses 1,297,936 21,665 1,319,601 line 22 net assets 5,051,124 138,019 5,189,143 part viii statement of revenue line 2a rental income 2,100,206 155,994 2,256,200 line b laundry and vending 4,138 2,331 6,469 miscellaneous income 2,808 1,359 4,167 line 2g and 12a col a and b 2,107,152 159,684 2,266,836 part ix statement of functional expenses line 9 other employee benefits 30,887 21,630 52,517 line 11 b management 41,283 (699) 40,584 line 19 conferences and meetings 7,334 35 7,369 repairs and maintenance 115,884 1,596 117,480 all other expenses 49,316 (897) 48,419 change in expenses 21,665 part x balance sheet line 1 cash 38,671 279,413 318,084 line 2 savings 2,501,468 (35) 2,501,433 accounts receivable 349,718 (285,645) 64,073 line 11 other assets 2,618,369 11,776 2,630,145 line 16 total assets 6,505,286 5,509 6,510,795 line 17 accounts payable 711,323 (153,754) 557,569 line 19 deferred revenue 24,685 (8,996) 15,689 line 25 other liabilities 718,154 30,240 748,394 line 237 net fund balances 5,051,124 138,019 5,189,143 line 33 total liab & net assets 6,505,286 5,509 6,510,795”