Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | EVERY UNIT OWNER IS CONSIDERED TO BE A MEMBER OF THE ASSOCIATION. THE MEMBERS ELECT THE BOARD OF TRUSTEES, APPROVE CERTAIN DECISIONS OF THE BOARD OF TRUSTEES AND CAN RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE ASSOCIATION ARE ENTITLED TO ONE WEIGHTED VOTE EACH IN MATTERS SUCH AS ELECTIONS OF THE BOARD. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS OF THE ASSOCIATION ARE ENTITLED TO ONE WEIGHTED VOTE EACH IN MATTERS SUCH AS AMENDMENTS TO THE GOVERNING DOCUMENTS OR ANY OTHER MATTER WHICH COME BEFORE A MEETING OF THE MEMBERSHIP OF THE ASSOCIAITON. | |
| FORM 990, PART VI, SECTION B, LINE 11 | AFTER THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM, A DRAFT OF THE RETURN IS GIVEN TO THE OFFICE MANAGER. THE OFFICE MANAGER DISTRIBUTES THE DRAFT TO THE BOARD OF TRUSTEES FOR REVIEW AND COMMENT PRIOR TO FILING OF THE RETURN. | |
| FORM 990, PART VI, SECTION B, LINE 12C | AS DISCLOSED IN A LATER SCHEDULE O NOTE, THE CONFLICT OF INTEREST POLICY IS CURRENTLY BEING EDITED TO MAKE IT FULLY APPLICABLE TO THE ORGANIZATION. ONGOING MONITORING AND ENFORCEMENT PROCEDURES ARE ALSO UNDER EDIT. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS ARE DETERMINED BY THE BOARD OF TRUSTEES. THE BOARD APPOINTS A PERSONNEL COMMITTEE WHICH ANNUALLY REVIEWS AND EVALUATES PERFORMANCE, SALARY AND PAST WORK EXPERIENCE. THE COMMITTEE THEN MAKES RECOMMENDATIONS TO THE BOARD ABOUT THE COMPENSATION AND BENEFITS TO BE PAID. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART VI, SECTION B, LINES 12, 13, AND 14 | THE BOARD HAS VOTED TO ADOPT THE CONFLICT OF INTEREST POLICY, WHISTLE BLOWER POLICY AND DOCUMENT RETENTION AND DESTRUCTION POLICY. THESE POLICIES ARE CURRENTLY BEING EDITED TO MAKE THEM FULLY APPLICABLE TO THE ORGANIZATION. |
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