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 VI, SECTION A, LINE 6 | THE ORGANIZATION'S SOLE MEMBER IS MSC REALTY, INC., AN EXEMPT ENTITY UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. |
| FORM 990, PART VI, SECTION A, LINE 7A | MSC REALTY, INC., AS THE ORGANIZATION'S SOLE MEMBER, IS ENTITLED TO APPOINT THREE OF THE ORGANIZATION'S SIX DIRECTORS DIRECTLY. THE REMAINING THREE DIRECTORS ARE APPOINTED BY THE MEMBER FROM A LIST OF INDIVIDUALS RECOMMENDED TO SERVE ON THE BOARD BY THE EXECUTIVE DIRECTOR OF OLNEYVILLE HOUSING CORPORATION. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE OF RELATED ORGANIZATIONS, MEETING STREET AND MSC REALTY, INC. ALL DIRECTORS OF THE ORGANIZATION RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR MUST SIGN A CONFLICT OF INTEREST ACKNOWLEDGEMENT UPON COMMENCEMENT OF ASSOCIATION WITH THE ORGANIZATION. ANY DIRECTOR WHO MAY BE INVOLVED IN A BUSINESS TRANSACTION IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST SHALL PROMPTLY NOTIFY THE PRESIDENT. THE DIRECTOR SHALL REFRAIN FROM VOTING ON SUCH MATTER AND THE DIRECTOR, OR THE PRESIDENT IN THE DIRECTOR'S ABSENCE, WILL DISCLOSE THE POTENTIAL CONFLICT OF INTEREST TO THE OTHER BOARD MEMBERS BEFORE THE VOTE TAKES PLACE AND SUCH DISCLOSURES SHALL BE RECORDED IN THE BOARD MINUTES. ANY TRANSACTION INVOLVING A POTENTIAL CONFLICT OF INTEREST SHALL HAVE TERMS THAT ARE FAIR AND REASONABLE AS THOUGH THE ORGANIZATION WERE DEALING WITH AN UNRELATED PARTY. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE PUBLIC CAN OBTAIN A COPY OF THE 990 UPON REQUEST TO THE ORGANIZATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE PUBLIC CAN OBTAIN DOCUMENTATION UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | OVERSITE OF THE AUDIT IS UNDER THE RESPONSIBILITY OF THE MEETING STREET AND MSC REALTY, INC. FINANCE COMMITTEE. |
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