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 | MANAGEMENT DUTIES HAVE BEEN CONTRACTED WITH KARTAY APARTMENT MANAGEMENT EFFECTIVE JANUARY 1, 2016. UNDER THE TERMS OF THE AGREEMENT WITH KARTAY APARTMENT MANAGEMENT, A MONTHLY MANAGEMENT FEE EQUAL TO 47 PER OCCUPIED UNIT WAS CHARGED. COMPENSATION IS BASED ON OCCUPIED UNITS PER MONTH THAT ARE APPROVED BY USDA RURAL DEVELOPMENT. DUTIES INCLUDE ACCOUNTING, ACCEPTING AND APPROVING TENANT APPLICATIONS AND OTHER RESPONSIBILITIES INCLUDED IN AN APPROVED AGREEMENT WITH USDA RURAL DEVELOPMENT. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 WILL BE REVIEWED BY THE MANAGEMENT COMPANY AND THEN A COPY IS GIVEN TO THE BOARD FOR REVIEW. AN OFFICER OF THE BOARD WILL SIGN AND FILE THE 990. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE MANAGEMENT COMPANY'S ADDRESS LISTED ON THE FORM 990. |
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