Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION CONTRACTS WITH RAYBOURN GROUP INTERNATIONAL, AN INDEPENDENT CONTRACTOR, TO MANAGE THE BUSINESS AND AFFAIRS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 4 | CHANGES TO THE BYLAWS INCLUDED THE FOLLOWING: ACTIVE MEMBERS CHANGED TO PROVIDER MEMBERS. ASSOCIATE MEMBERS CHANGED TO ASSOCIATE PARTNERS. PRESIDENT'S CLUB ASSOCIATE REMOVED ENTIRELY AS THEY NO LONGER OFFER THAT CATEGORY OF MEMBERSHIP. CHAIRMAN CHANGED TO CHAIR FOR BOTH CHAIR AND VICE CHAIR. ASSOCIATE PARTNER CATEGORY DESCRIPTION UPDATED TO INCLUDE THOSE 'INVOLVED IN THE INDUSTRY NOT AS A PROVIDER'. DUES MUST BE PAID BY AUGUST 31 TO BE CONSIDERED ACTIVE MEMBERS. ETHICS COMMITTEE WAS UPDATED TO BOARD OF DIRECTORS, MEANING ANY ETHICAL COMPLAINTS COME BEFORE THE BOARD. ADDED LANGUAGE THAT MINUTES CAN BE APPROVED ELECTRONICALLY. BOARD OF DIRECTORS SECTION WAS UPDATED TO REMOVE THE (4) DIRECTORS REPRESENTING THE FOUR ACTIVE MEMBERS WITH THE GREATEST UNIT COUNT HAVING A VALIDATED SEAT ON THE BOARD. ALL MUST NOW BE ELECTED ONCE THE CURRENT POSITIONS FINISH THEIR TERMS. UNDER TERMS, THE LANGUAGE WAS CHANGED TO REFLECT ALL PROVIDER BOARD MEMBERS MAY NOT SERVE MORE THAN (2) CONSECUTIVE TERMS AND REMOVED LANGUAGE THAT THE (4) LARGEST HAVE NO TERM LIMITS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS TWO LEVELS OF MEMBERSHIP: PROVIDER AND ASSOCIATE PARTNER. A PROVIDER MEMBER IS A FIRM OR CORPORATION ENGAGED IN THE CORPORATE HOUSING INDUSTRY. PROVIDER MEMBERS HAVE ALL OF THE RIGHTS AND PRIVILEGES OF MEMBERSHIP, INCLUDING THE RIGHT TO VOTE, HOLD OFFICE, AND SERVICE ON ASSOCIATION COMMITTEES. AN ASSOCIATE PARTNER IS A FIRM OR CORPORATION WHOSE BUSINESS IS SUPPLYING GOODS AND SERVICES TO THE CORPORATE HOUSING INDUSTRY. ASSOCIATE PARTNERS ARE NOT ENTITLED TO HOLD OFFICE, BUT MAY VOTE, ATTEND THE BUSINESS MEETINGS OF THE ASSOCIATION AND SERVE ON ALL ASSOCIATION COMMITTEES EXCEPT THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS GOVERN THE ACTIONS OF THE ORGANIZATION THROUGH ELECTING THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE RETURN WILL FIRST BE REVIEWED BY THE EXECUTIVE DIRECTOR AND THE SECRETARY/TREASURER. AFTER THEY HAVE REVIEWED THE RETURN IT WILL GO TO THE ENTIRE BOARD FOR THEIR APPROVAL AND THEN FILE THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL DECLARATION OF ANY CONFLICTS OF INTEREST. ANY CONFLICTS BROUGHT TO ATTENTION OF THE BOARD ARE THEN REVIEWED ON A CASE BY CASE BASIS. |
| FORM 990, PART VI, SECTION C, LINE 19 | CONSISTENT WITH THE REQUIREMENTS OF SECTION 6104(D) OF THE INTERNAL REVENUE CODE AND REGULATIONS THEREUNDER, COPIES OF THE IRS FORM 990 AND APPLICATION FOR EXEMPTION SHALL BE MADE AVAILABLE, UPON REQUEST, IN A TIMELY MANNER, AND SUBJECT TO THE CHARGES PERMITTED BY LAW TO ANY INDIVIDUALS WHO REQUEST IT. OTHER GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE INDIVIDUALS REQUESTING THEM BY MAKING AN APPOINTMENT WITH THE EXECUTIVE DIRECTOR. BOARD MEMBERS HAVE ONLINE ACCESS TO ALL POLICIES AND PROCEDURES THROUGH A SECURED AREA OF THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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