Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 3 | THE CORPORATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH THE HOUSING AUTHORITY OF THE CITY OF STAMFORD D/B/A CHARTER OAK COMMUNITIES TO PAY A MANAGEMENT FEE OF 5.75% BASED ON TOTAL INCOME, AS DEFINED IN THE MANAGEMENT AND AFFIRMATIVE FAIR MARKETING AGREEMENT. BEGINNING APRIL 1, 2015, THE MANAGEMENT FEE WAS INCREASED TO 6% BASED ON TOTAL INCOME COLLECTED, AS APPROVED BY HUD. FOR THE YEAR ENDED DECEMBER 31, 2018, THE CORPORATION INCURRED MANAGEMENT FEES OF 37,010. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A HIGH LEVEL REVIEW IS PERFORMED AND THE RETURN IS COMPARED AGAINST LAST YEAR'S FILINGS BY THE RETURN SIGNER. THE REVIEWER WILL ASK QUESTIONS OF THE AUDIT TEAM, AS APPROPRIATE. |
| FORM 990, PAGE 6, PART VI, LINE 12C | IF THERE IS A POTENTIAL/ALLEGED CONFLICT OF INTEREST THE DHR AND EXTERNAL EMPLOYEE LABOR & EMPLOYEE RELATIONS ATTORNEY INVESTIGATE. CEO IS NOTIFIED IMMEDIATIATELY. THE ATTORNEY IS ONLY CONSULTED WHEN NECESSARY. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAINTAINS RECORDS, FILES AUDITED FINANCIAL STATEMENTS WITH HUD AND TAX RETURNS WITH THE IRS. DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | REIMBURSED OFFICE SALARIES 32,279 0 0 REIMBURSED O&M SALARIES 32,426 0 0 REIMBURSED HEALTH INSURANCE & 32,322 0 0 REIMBURSED WORKERS COMP 4,447 0 0 TOTAL 101,474 0 0 |
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