Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc

“Retained falkenberg/gilliam & associates, inc. As approved management company for day-to-day management and operations. The company operates residential property for low income families and is subject to rules and regulations of the u.s. Department of housing and urban development (hud). Falkenberg/gilliam & associates specialized in managing hud assisted projects to insure compliance with hud's rules and regulations.”

“The company is audited. During the audit the auditor works with the management company and a board officer to obtain the necessary information to prepare the form 990. The form 990 is reviewed by falkenberg/gilliam finance department then is forwarded to the board officer for review and signature.”

“In addition to the form 990 being available upon request, it is available through guidestar.org.”

“Garbage and trash removal: program service expenses 23,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,474. Mortgage insurance premium: program service expenses 20,912. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,912. Workers compensation insurance: program service expenses 19,469. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,469. Office supplies: program service expenses 1,955. Management and general expenses 11,898. Fundraising expenses 0. Total expenses 13,853. Administrative rent free unit: program service expenses 11,652. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,652. Bookkeeping fees: program service expenses 155. Management and general expenses 11,452. Fundraising expenses 0. Total expenses 11,607. Los angeles county assessments: program service expenses 11,098. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,098. Security: program service expenses 9,061. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,061. Office help: program service expenses 8,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,040. Heating and cooling repairs and maintenance: program service expenses 6,981. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,981. Conventions and meetings: program service expenses 4,173. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,173. Other taxes, licenses and permits: program service expenses 3,330. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,330. Other renting expense: program service expenses 160. Management and general expenses 0. Fundraising expenses 0. Total expenses 160.”