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 I, LINE 6 | ALL VOLUNTEERS ARE UNCOMPENSATED BOARD MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THERE ARE FOUR CLASSES OF MEMBERS: 1) PROPERTY MEMBERS- MEMBERS THAT OWN OR MANAGE RENTAL PROPERTY IN WASHINGTON STATE. 2) SUPPLIER MEMBERS- MEMBERS THAT ARE BUSINESSES OF SUPPLYING GOODS AND SERVICES TO THE OPERATORS OF RENTAL PROPERTY. 3) CHAPTER MEMBERS- OTHER HOUSING AND NON-PROFIT ORGANIZATIONS EXISTING FOR PURPOSES RELATED TO RENTAL HOUSING. 4) HONORARY LIFE MEMBERS- MEMBERS WHO HAVE SHOWN A CONTINUAL INTEREST IN THE RENTAL HOUSING INDUSTRY |
| FORM 990, PART VI, SECTION A, LINE 7A | WE ARE A 501(C)(6) AND OUR MEMBERS ELECT OUR BOARD OF DIRECTORS. THE BOARD THEN ELECTS THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11 | AFTER THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR, BOARD MEMBERS ARE GIVEN A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | AN ANNUAL QUESTIONNAIRE IS DISTRIBUTED TO THE BOARD MEMBERS AND RESPONSES ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND EXECUTIVE COMMITTEE FOR ANY POSSIBLE CONFLICTS. IF A POTENTIAL CONFLICT OF INTEREST IS REPORTED, THE BOARD OF DIRECTORS HAS THE SOLE RESPONSIBILITY FOR DETERMINING WHETHER ANY INTERESTS CONSTITUTE A CONFLICT AND IF SO, WHAT THE REMEDY WILL BE. TYPICALLY, IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, BOARD MEMBERS RECUSE THEMSELVES FROM DISCUSSION AND VOTING. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION ANNUALLY. THE LAST COMPENSATION REVIEW WAS PERFORMED JANUARY 1, 2014. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VI, LINE 1: | THE BOARD HAS DESIGNATED TO THE EXECUTIVE COMMITTEE MOST OF ITS POWERS IN THE MANAGEMENT OF BUSINESS AFFAIRS. THE COMMITTEE PERFORMS RESEARCH AND MAKES RECOMMENDATIONS TO THE FULL BOARD. THE EXECUTIVE COMMITTEE CANNOT ELECT OFFICERS NOR FIRE THE EXECUTIVE DIRECTOR. BOARD OFFICERS INCLUDE PRESIDENT, PAST PRESIDENT, SECRETARY, VP - SUPPLIES COUNCIL, AND THE TREASURER. EXECUTIVE COMMITTEE MEMBERS ARE STANDING BOARD MEMBERS. |
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