Silver Lake New Hope Courtyard Apartments

“Silver lake new hope courtyard apartments is managed by telacu property management, inc., a professional property management company. Telacu property management, inc. Has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved telacu property management, inc. To manage the silver lake new hope courtyard apartments. 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. None of the officers or directors listed in part vii are compensated by telacu property management, inc.”

“The directors of the corporation shall, at all times, be limited to individuals who are either members of project new hope, los angeles, california, or of the governing body of the episcopal church in the diocese of los angeles (a sponsoring organization), or nonmembers who have the approval of a sponsoring organization, of, if the aforesaid approval is withdrawn, then, in either event, such shall constitute automatic resignation as a director of the corporation.”

“The board and staff review the tax returns with management company representation. All questions are answered by staff prior to the filing of the tax returns.”

“The form 990 and all related financial and policy information are made available to the public upon written request.”

“Average number of hours worked all of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.”

“Oversight of auditing function the management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”