SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
PRESIDENTIAL PLACE INC
 
Employer identification number

05-0503924
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 3: EXPLANATION: THE CORPORATION CONTRACTS WITH THE COMMUNITY BUILDERS, INC. (TCB) TO MANAGE THE PROPERTY. THE MANAGEMENT FEE IS 6.55% OF THE GROSS COLLECTIONS COMPUTED MONTHLY. THE MANAGEMENT AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION, OR THE MANAGEMENT AGENT.
FORM 990, PART VI, SECTION B, LINE 11: EXPLANATION: THE ASSET MANAGEMENT DEPARTMENT REVIEWS THE 990 BEFORE APPROVING THE RETURN.
FORM 990, PART VI, SECTION B, LINE 11: EXPLANATION: THE CORPORATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C: EXPLANATION: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

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