Social Services and Affordable Housing

“Copies of the form 990 are distributed to members of the board, then reviewed at the board meeting”

“This policy and actions of the board members are reviewed by the company's outside legal counsel”

“All documents and tax returns are made available in the companies main office to those interested parties requesting them”

“Form 990 statement of organizaion's primary exempt purpose statement 1explanationsocial services & affordable housing corporation's ("ss&ah') primary activity is providing for the development and operation of low-income housing projects and tenant social programs, primarily related to projects financed under thefederal low-income housing tax credit program, section 42 of the internal revenue code of 1986. It is a subordinate organizaion to care housing services,ein 33-0332711 ("care") which is exempt under sections 501(c)(3)and 509(a)(2).currently serves as the managing general partner on twenty-five(25) projectsusing a combination of federal low-income housing credits, tax exempt bonds,and hud mortgage insurance in california.ss&ah has assumed the sponsorship of a portion of care's projects in order to meet lender requirements funding low income housing projects.ss&ah receives management and development fees with respect to the development and operations of the projects and uses these funds to pay the cost of delivering the social services and assuring the project shall remain in compliance with their mission to provide safe, sanitary and decent housing at affordable rents andquality social service programs to low and very-low income tenants. The management fees received are remitted to care housing services corporation fin 33-0332711.”

“Statement 2social services and affordable housing corporation is related to the following exempt entity by common board membership care housing services inc fin 33-0332711 responsive housing services corporation fin 33-0509308”

“Form 990 part vi, section b line 15officer and board compensation.the officers and board members of this organization received no compensation in the current year. Thus, there was nothing for a compensation board to review.”