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Topic: Don't let Board of Directors and auditors off the hook!
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Ted Jankowski
F L I N T O I D

Cute. LOL
Post Sat Mar 19, 2011 5:02 pm 
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untanglingwebs
El Supremo

Each nonprofit had the same auditing firm. The tell tale signs of a company in trouble were often hidden. They did however predict that GECA could fail to be a continuing viable entity. I challenged the compny on this seeming duplicitous reporting and their higher cost lost their bid the next year. They actually expressed relief. I found it incredulous that they would comment on the merits of a pending lawsuit when they are not lawyers.

A leading figure in the Treasurers office explained to me sometime around 2005 how some local nonprofits were inflating the values of their property holdings significantly in order to make themselves appear solvent. That was obvious in Flint West Village minutes when an appeal was referred to in the minutes to find a way to repurchase lost tax reverted properties before the next audit. The tax exemptions offered to potential land donors seemed excessive to me, especially when the intent was to demolish.
Post Sun Mar 20, 2011 10:15 am 
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untanglingwebs
El Supremo

Forgot i wrote so much about this
Post Wed Oct 04, 2017 6:44 pm 
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