Wesley Tower 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 ensure 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.”

“Insurance - liability: program service expenses 30,113. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,113. Mortgage insurance premium: program service expenses 25,369. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,369. Security: program service expenses 16,852. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,852. Bookkeeping: program service expenses 0. Management and general expenses 14,291. Fundraising expenses 0. Total expenses 14,291. Insurance - workers' comp.: program service expenses 13,726. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,726. Heating/cooling repairs & main: program service expenses 12,953. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,953. Office help: program service expenses 10,012. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,012. Office expenses: program service expenses 8,339. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,339. Misc. Taxes, licenses & permit: program service expenses 6,677. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,677. Service coordinator: program service expenses 6,600. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,600. Garbage & trash removal: program service expenses 6,146. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,146. Conventions and meetings: program service expenses 2,912. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,912. Resident council expense: program service expenses 600. Management and general expenses 0. Fundraising expenses 0. Total expenses 600. Other renting expenses: program service expenses 88. Management and general expenses 0. Fundraising expenses 0. Total expenses 88.”