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 23,409. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,409. Workers compensation insurance: program service expenses 21,863. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,863. Mortgage insurance premium: program service expenses 18,593. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,593. Office supplies: program service expenses 3,072. Management and general expenses 11,134. Fundraising expenses 0. Total expenses 14,206. Administrative rent free unit: program service expenses 12,106. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,106. Heating and cooling repairs and maintenance: program service expenses 9,506. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,506. Office help: program service expenses 9,189. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,189. Los angeles county assessments: program service expenses 7,901. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,901. Other taxes, licenses and permits: program service expenses 7,024. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,024. Conventions and meetings: program service expenses 2,911. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,911. Bad debts: program service expenses 504. Management and general expenses 0. Fundraising expenses 0. Total expenses 504. Other renting expense: program service expenses 405. Management and general expenses 0. Fundraising expenses 0. Total expenses 405.”