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 3 | THE ORGANIZATION HAS DELEGATED THE MANAGEMENT OF THE DAY TO DAY OPERATIONS TO NATIONAL MANAGEMENT CORPORATION (A MANAGEMENT COMPANY). NATIONAL MANAGEMENT CORPORATION WAS PAID $27,625 TO MANAGE THE PROPERTY. IN ADDITION, TO BEING REIMBURSED $39,712 FOR PAYROLL RELATED COSTS. EFFECTIVE 1/1/2016, THE ORGANIZATION CHANGED MANAGEMENT TO KEYWAY MANAGEMENT COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION MADE THE FOLLOWING CHANGES TO THE BYLAWS DURING THE YEAR. ARTICLE II, SECTION 2.10 WAS AMENDED TO REDUCE THE MINIMUM NUMBER OF MEMBERSHIP FROM 25 TO 15. ARTICLE III, SECTION 3.06 WAS AMENDED TO STATE A QUORUM SHALL CONSIST OF 30 PERCENT OF THE MEMBERSHIP; ELIMINATING OR TWICE THE NUMBER OF DIRECTORS, WHICHEVER IS GREATER. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS OF THE ORGANIZATION ARE BOTH INDIVIDUALS AND ORGANIZATIONS, ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11 | PRIOR TO FILING THE RETURN, THE RETURN IS REVIEWED WITH THE CPA FIRM AND SIGNED BY THE BOARD PRESIDENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VII | WILLIAM SANDQUIST - 22155 312TH ST, ADEL, IA 50003. DEAN BOETTCHER - 25226 PIN OAK DRIVE, ADEL, IA 50003. JIM PETERS - 925 S. 14TH ST, ADEL, IA 50003. LINDA FULLER - 875 S. 14TH ST, ADEL, IA 50003. WILMA MITCHELL - 515 N 12TH ST, ADEL, IA 50003. DAN HAWKINS - 25826 278TH PL, DALLAS CENTER, IA 50063. CHARLES KREAGER - 1131 PRAIRIE AVE, ADEL, IA 50003. DARRELL BAUMAN - 1005 S. 12TH ST, ADEL, IA 50003. JOAN BOWLES - 1112 PRAIRIE STREET, ADEL, IA 50003. |
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