Oak Knolls Haven Inc

“Description of delegated duties to management company: oak knolls haven, inc. Is managed by beacon communities, inc., a professional property management company. Beacon communities, inc. Has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development. Under this certification, hud has approved beacon communities, inc. To manage oak knolls haven, inc. 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.”

“Explanation of classes of members or shareholder: beacon communities, inc., a california nonprofit public corporation, is the sole member of this organization.”

“How members or shareholders elect governing body: beacon communities, inc., the organization's sole member, elects all board members.”

“Decisions of governing body approval by members or shareholders: beacon communities, inc., the organization's sole member, must first approve in writing any decision involving: (a) merger, consolidation or dissolution of the corporation; (b) amendment, repeal, or restatement of the articles of incorporation or the bylaws of the corporation; (c) aggregate lending or borrowing for any purpose in excess of $150,000. For the purpose of this sub-paragraph the term aggregate borrowing includes but is not limited to lease agreements and contracts for sale; (d) purchase, sale, lease, disposition, hypothecation, exchange, gift, pledge, encumbrance or mortgage of any real property, and of any personal property with a value in excess of $150,000; (e) transactions outside the ordinary course of business; (f) hiring or termination of the management agent for any property owned by the corporation.”

“Form 990 review process: the return will be reviewed by abhow's vp of finance for affordable housing prior to review by the board and filing.”

“Board members are required to disclose all conflicts of interest immediately as they occur. The board then evaluates the conflict and deteremines appropriate action.”

“The board utilizes an independent contractor to review compensation. The results of the independent review are then provided to a compensation committee who recommends compensation amounts to the board.”

“These documents are available upon request at the organization's place of business.”