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, PART III, LINE 3 | MNCBIA MERGED WITH HOME BUILDERS ASSOCIATION OF MARYLAND (HBAM) ON SEPTEMBER 1, 2014. AS A RESULT, ALL PROGRAM ACTIVITIES WERE CONDUCTED BY HBAM EFFECTIVE SEPTEMBER 1, 2014. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION'S MEMBERSHIP CONSISTS OF BUSINESS FIRMS PARTICIPATING IN THE RESIDENTIAL AND MULTI-FAMILY RESIDENTIAL BUILDING INDUSTRY. MEMBER FIRMS CAN BE BUILDERS, SUPPLIERS OR OTHER FIRMS THAT PROVIDE SERVICES AFFILIATED WITH RESIDENTIAL OR MULTI-FAMILY RESIDENTIAL HOUSING. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER FIRM HAS A REPRESENTATIVE WHO CAN VOTE ON THE MEMBERS OF THE ASSOCIATION'S BOARD OF DIRECTORS ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD HAS A PASSWORD PROTECTED PORTION OF THE ASSOCIATION'S WEB SITE. THE FORM 990 WILL BE POSTED THERE FOR THE BOARD'S REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | MNCBIA HAS A CONFLICT OF INTEREST POLICY AND EACH MEMBER OF THE BOARD AND STAFF IS REQUIRED TO SIGN A NEW WRITTEN POLICY IN JANUARY OF EACH YEAR TO FILE WITH THE MNCBIA OFFICE IN THE CONTROL OF THE EXECUTIVE V.P. THE ASSOCIATION PRESIDENT REGULARLY REVIEWS WITH THE EXECUTIVE V.P. THE CONFLICT ISSUE AND REGULARLY REMINDS THE BOARD OF DIRECTORS OF THE ASSOCIATION'S POLICY. SHOULD THERE BE A CONFLICT, THE BOARD MEMBER WOULD BE ASKED TO MEET WITH THE EXECUTIVE COMMITTEE AND THEY WOULD DISCUSS THE NEED FOR THE BOARD MEMBER TO RECUSE HIM/HERSELF FROM THE VOTE OF THE BOARD OF DIRECTORS ON THE ISSUE INVOLVING CONFLICT. IN SOME CASES IF THIS IS NOT SUFFICIENT, DUE TO CONFLICTS THAT ARE SO EXTENSIVE THAT THE MEMBER'S PARTICIPATION IS PROBLEMATIC, THE BOARD MEMBER WILL BE ASKED BY THE BOARD OF DIRECTORS TO RESIGN. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT OF THE ASSOCIATION (A VOLUNTEER) APPOINTS A COMPENSATION COMMITTEE EACH YEAR. THE COMMITTEE MEETS WITH THE EXECUTIVE V.P./CEO AND REVIEWS THE SALARIES OF THE MNCBIA STAFF IN RELATION TO SALARIES COMPILED IN THE GREATER WASHINGTON AREA ASSOCIATION COMPENSATION & BENEFITS STUDY SOLD BY ASAE EACH YEAR. IN ADDITION, THE COMMITTEE REVIEWS THE COMPENSATION TO THE MNCBIA EMPLOYEES IN COMPARISON TO OTHER REGIONAL HOME BUILDERS ASSOCIATION STAFF MEMBERS FROM THE ONLINE SURVEY PRODUCED BY THE NATIONAL ASSOCIATION OF HOME BUILDERS. AFTER REVIEWING THE COMPENSATION TABLES, THE COMMITTEE DECIDES WHETHER A SALARY INCREASE, BONUS OR ANY OTHER CHANGES WILL BE MADE TO THE SALARY ADMINISTRATION SYSTEM FOR THE COMING YEAR AND REPORTS THOSE CHANGES TO THE BUDGET COMMITTEE FOR BUDGET PLANNING. THE PRESIDENT OF THE ASSOCIATION ALSO DOES THE EVALUATION OF THE EXECUTIVE V.P.'S WORK. THE EXECUTIVE V.P. REVIEWS ALL OTHER EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW ON SITE AT THE ASSOCIATION'S OFFICE. |
| FORM 990, PART XI, LINE 9: | TRANSFER OF NET ASSETS TO HOME BUILDERS ASSOCIATION OF MARYLAND. 120,840. |
| Software ID: | |
| Software Version: |