Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 7A | THE HOMEOWNERS ELECT THE BOARD OF DIRECTORS BY A VOTE. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE BOARD OF DIRECTORS IS REQUIRED TO OBTAIN 75% APPROVAL FROM THE HOMEOWNERS IN ORDER TO AMEND THE GOVERNING DOCUMENTS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | TAX RETURN WILL BE READ BY ALL BOARD MEMBERS AND THE MANAGING DIRECTOR. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF DIRECTORS ARE UNPAID POSITIONS. THE BOARD OF DIRECTORS REVIEWS AND DETERMINES THE SALARIES OF THE PROPERTY MANAGER AND OTHER NECESSARY PERSONNEL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | ALL CURRENT MEMBERS MAY REQUEST ORGANIZATION DOCUMENTS. BY STATE LAW, ALL NEW MEMBERS RECEIVE ORGANIZATION DOCUMENTS. |
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