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.”

“Heating and cooling repairs and maintenance: program service expenses 38,960. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,960. Administrative rent free unit: program service expenses 0. Management and general expenses 19,591. Fundraising expenses 0. Total expenses 19,591. Garbage and trash removal: program service expenses 18,872. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,872. Mortgage insurance premium: program service expenses 16,453. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,453. Workers compensation insurance: program service expenses 5,983. Management and general expenses 6,110. Fundraising expenses 0. Total expenses 12,093. Other taxes, licenses and permits: program service expenses 11,319. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,319. Occupancy speicalist: program service expenses 0. Management and general expenses 8,610. Fundraising expenses 0. Total expenses 8,610. Los angeles county assessments: program service expenses 6,784. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,784. Conventions and meetings: program service expenses 0. Management and general expenses 6,014. Fundraising expenses 0. Total expenses 6,014. Management consultants: program service expenses 0. Management and general expenses 1,654. Fundraising expenses 0. Total expenses 1,654. Resident council: program service expenses 1,335. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,335. Miscellaneous expenses: program service expenses 0. Management and general expenses 1,000. Fundraising expenses 0. Total expenses 1,000. Other renting expense: program service expenses 0. Management and general expenses 362. Fundraising expenses 0. Total expenses 362.”