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 2 | EXPLANATION: CERTAIN DIRECTORS HAVE FAMILY RELATIONSHIP WITH OTHER DIRECTORS OF THE ORGANIZATION. THE FOLLOWING DIRECTORS HAVE FAMILY RELATIONSHIPS - MICHAEL KERR (FATHER) AND ZACHARY KERR (SON), ARNOLD SOLLAR (BROTHER) AND ELAINE SOLLAR-EISEN (SISTER), BARRY FISHMAN (FATHER) AND NATHAN FISHMAN (SON), RUBIN PIKUS (FATHER-IN-LAW) AND JEFF KATZ (SON-IN-LAW) |
| FORM 990, PART VI, SECTION A, LINE 3 | EXPLANATION: ASSOCIATED BUILDERS AND OWNERS OF GREATER NY ("ABO") AND COMMUNITY HOUSING IMPROVEMENT PROGRAM, INC. ("CHIP")(EIN: 13-2617766) HAVE ENTERED INTO A MANAGEMENT SERVICES AGREEMENT. ABO HAS ENGAGED CHIP TO PROVIDE MANAGEMENT AND FINANCIAL SERVICES SUCH AS HIRING, FIRING AND SUPERVISING PERSONNEL AND PLANNING or EXECUTING BUDGETS OR FINANCIAL OPERATIONS. |
| FORM 990, PART VI, SECTION B, LINE 11 | EXPLANATION: THE ORGANIZATION'S GOVERNING BODY REVIEWS FORM 990. THE TAX RETURN IS MADE AVAILABLE TO THE FULL BOARD FOR SEVEN DAYS BEFORE IT IS FINALIZED AND FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 15A | EXPLANATION: IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION, THE PRESIDENT REVIEWS AND APPROVES CHANGES TO ANY SALARY INCREASES. |
| FORM 990, PART VI, SECTION C, LINE 19 | EXPLANATION: GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
| FORM 990 PART IX LINE 11G | DESCRIPTION:MANAGEMENT FEES TOTAL FEES:220000 |
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