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08/14/1996 03:54 219-2718372 MILTON GROUP INC PAGE 05 <br />:orm 1023 May. 7-93) Page 4 <br />Activities and Operational Information (Continued) <br />8 What assets does thia organization have that are used In the performance of Its exempt function? (Do not include property <br />producing investment income.) If any assets are not fully operational, explain their status, what additional steps remain to <br />be completed, and when sucn final steps will be taken. If "None," indicate "WA" <br />N/A <br />9 Will the organization be the 'beneficiary of tax-exempt bond financing within the next 2 years?. . . . u Yea I No <br />10a Will any of the organization's faulrties or operations be managed by another organization or individual <br />under a contractual agreement? . . . . . . . . . . . . . . . . . . . . . . . . . ® Yea ❑ No <br />b Is the organization a oarty to any leases? . . . . . . . . . . . . . . . . . . . . ❑ Yes ® No <br />If either of these questions is answered "Yes," attach a copy of the contracts and explain the relationship <br />between the applicant and the other parties. <br />RICARDO MILTON, EXECUTIVE DIRECTOR OF AMERICAN HOME DREAMS, INC., <br />IS AN EPIPLOYEE OF MILTON GROUP, INC. MILTON GROUP, INC. IS OWNED By IiIS W1FE. <br />t1 is me organization a mern6e smp organization? . . . . . . . . . . . . _ . . 0 Yea Cal Nc <br />If "Yes," complete tho following <br />a Describe the organiz:ation's membership requirements. and attach a schedule of membership fees and <br />dues. <br />b Describe the organiz,ation's present and proposed efforts to attract members, and attach a copy of any <br />descriptive literature or promotional materiel used for this purpose. <br />c What benefits do (or will) the merrmoers receive in exchange for their payment of dues? <br />128 If the organization provides benefits. services, or products. are the recipients required, or will ❑ NIA W Yes [' NO <br />they be required. to pay for them? . . . . . . . . . . . . . . . • . • . <br />If "Yes." explain how ,he charges are determined, and attach a copy of the current fee schedule. <br />SALE PRICE OE' HOUSES WILL BE SET BASED UPON ACTUAL COSTS INCURRED AND OPERATING <br />EXPENSES OF THE ORGANIZATION. <br />b Does or will the organization iirrit its benefits, services, Or products to speCInc Individuals or ❑ IV/A Yes L] No <br />classes of individual' . . . . . . . . . . . • • • • • . • • . ' <br />if "Yes." explain how the recipients or beneficlaries are or will be selected. <br />ONLY LOk' AND MODERATE INCOME FAMILIES/INDIVIDUALS WILL BE ELIGIBLE TO BUY THESE <br />ROUSES. <br />13 Does or wilt the organizatior attempt to influence legislallOn7 . . . . . . . . . . . . . . . ❑ Yea M No <br />If "Yes," explain. Also, give an estimate of the percentage of the organlzatlon's time and funds that tt <br />devotes or plans to devote to this activity. <br />14 Does or will the organization intervene in any way in political campalgna, Including the pub4iCIMOn Or ❑ Yes ®No <br />dlstribtnion of statemants? . . . . . . . . . . . . . . . . . . . . . . . . <br />If "Yes," explain fully. <br />. —AA ...__ .. ,. <br />