Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, 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, 2020 THE CORPORATION INCURRED MANAGEMENT FEES OF $41,757. |
| FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 12C | IF THERE IS A POTENTIAL/ALLEGED CONFLICT OF INTEREST THE DHR AND EXTERNAL EMPLOYEE LABOR AND EMPLOYEE RELATIONS ATTORNEY INVESTIGATE. THE CEO IS NOTIFIED IMMIDIATELY. THE ATTORNEY IS ONLY CONSULTED WHEN NECESSARY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAINTAINS RECORDS, FILES AUDITED FINANCIAL STATEMENTS WITH HUD AND TAX RETURNS WITH THE IRS. DOCUMENTS ARE MADE AVAILABLE BY REQUEST. |
| FORM 990, PART IX, LINE 11G | REIMBURSED OFFICE SALARIES: PROGRAM SERVICE EXPENSES 29,279. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,279. REIMBURSED O&M SALARIES: PROGRAM SERVICE EXPENSES 34,343. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,343. REIMBURSED HEALTH INSURANCE AND BENEFITS: PROGRAM SERVICE EXPENSES 36,634. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,634. REIMBURSED WORKERS COMP: PROGRAM SERVICE EXPENSES 1,918. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,918. TEMPORARY LABOR: PROGRAM SERVICE EXPENSES 8,334. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,334. |
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