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 HAS AN INDEPENDENT CONTRACTOR AGREEMENT WITH HANZLIK PROPERTY MANAGEMENT EDUCATION, LLC FOR MANAGEMENT SERVICES, WHICH ARE PROVIDED BY DENISE HANZLIK AS EXECUTIVE DIRECTOR. THE AGREEMENT DETAILS THE RESPONSIBILITIES AND CONTRACTED FEE ASSOCIATED WITH THAT POSITION. THIS AGREEMENT IS TO BE REVIEWED AND SIGNED ON A YEARLY BASIS BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE SOUTH DAKOTA MULTI-HOUSING ASSOCIATION BOARD OF DIRECTORS IS RESPONSIBLE FOR DICTATING THE DIRECTION OF THE ORGANIZATION. THE EXECUTIVE DIRECTOR IS TASKED WITH MANAGING THE DAY TO DAY OPERATIONS. THE EXECUTIVE DIRECTOR SERVES AT THE PLEASURE OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION WITH 3 CLASSES OF MEMBERS: GENERAL MEMBERS, ASSOCIATE MEMBERS, AND HONORARY LIFETIME MEMBERS. ALL APPLICATIONS FOR MEMBERSHIP ARE APPROVED BY THE BOARD OF DIRECTORS. GENERAL MEMBERS SHALL BE INDIVIDUALS, PARTNERSHIPS, CORPORATIONS OR OTHER LEGAL ENTITIES WHO OWN, OPERATE, MANAGE, PLAN, BUILD AND/OR DEVELOP RENTAL HOUSING, CONDOMINIUMS, COOPERATIVES AND OTHER FORMS OF MULTI-FAMILY PROPERTIES IN SOUTH DAKOTA. ONLY GENERAL MEMBERS IN GOOD STANDING SHALL HAVE THE RIGHT TO VOTE AND EACH GENERAL MEMBER SHALL HAVE BUT ONE VOTE. EVERY GENERAL MEMBER, OTHER THAN INDIVIDUAL, SHALL DESIGNATE A PERSON TO BE ITS ACTING REPRESENTATIVE WITH POWER TO VOTE, BY NOTIFYING IN WRITING TO THE BOARD OF DIRECTORS THEIR DESIGNATE FOR THEIR POWER TO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7A | ONLY THE GENERAL MEMBERS HAVE THE RIGHT TO VOTE. THE ELECTIVE OFFICERS OF THE ASSOCIATION SHALL BE: CHAIR, VICE CHAIR, SECRETARY, AND TREASURER, ELECTED AT LARGE. THE OFFICES OF CHAIR AND/OR VICE CHAIR ONLY ONE OF WHICH SHALL BE A DESIGNATED PERSON ACTING REPRESENTATIVE OF A GENERAL MEMBER. THE VICE CHAIR SHALL AUTOMATICALLY ASSUME THE POSITION OF CHAIR THE FOLLOWING YEAR. THE OFFICES OF VICE CHAIR, SECRETARY, AND TREASURER SHALL BE CHALLENGEABLE POSITIONS EACH YEAR AND THEY SHALL SERVE AS DIRECTORS. THE TERM OF EACH OFFICER, EXCEPT FOR THE VICE CHAIR WHO AUTOMATICALLY ASSUMES THE POSITION OF CHAIR THE FOLLOWING YEAR, AND EACH BOARD MEMBER SHALL BE FOR ONE YEAR FROM THE DATE OF INSTALLATION. WITH THE EXCEPTION OF THE TREASURER POSITION NO PERSON MAY BE ELECTED TO THE SAME OFFICE FOR MORE THAN TWO CONSECUTIVE TERMS. THE PERSON SERVING AS TREASURER MAY REMAIN IN OFFICE UNTIL SUCCESSFUL CHALLENGE HAS BEEN ACHIEVED. ANY VACANCY IN OFFICE BY DEATH, RESIGNATION, DISMISSAL OR ABSENCE FROM THE THREE (3) CONSECUTIVE REGULAR MEETINGS WITHOUT AN EXCUSE DEEMED VALID BY THE BOARD OF DIRECTORS SHALL BE CONSIDERED AS RESIGNATION WHICH THEREUPON THE BOARD OF DIRECTORS WILL FILL THE VACANCY UNTIL THE EXPIRATION OF THE VACATED TERM. |
| FORM 990, PART VI, SECTION B, LINE 10B | PER THE BYLAWS, EACH LOCAL CHAPTER IS COMPRISED OF A LEAST 10 GENERAL MEMBERS WITH A TOTAL OF 15 ACTIVE MEMBERS IN ORDER TO FORM A CHAPTER. EACH LOCAL CHAPTER CHAIR HAS A NON-VOTING POSITION ON THE BOARD OF DIRECTORS TO PROVIDE LOCAL CHAPTER REPRESENTATION TO THE BOARD OF DIRECTORS. . THERE ARE NO SPECIFIC WRITTEN POLICIES & PROCEDURES GOVERNING THE ACTIVITIES OF THE LOCAL CHAPTERS. THE THREE LOCAL CHAPTERS ARE RESPONSIBLE FOR THE PLANNING OF MEETINGS, EVENTS, &/ EDUCATION IN THEIR AREA. THE ORGANIZATION ENSURES THAT THE LOCAL CHAPTER'S ACTIVITIES ARE CONSISTENT WITH THE ORGANIZATION'S TAX-EXEMPT PURPOSES BY APPROVING, PROCESSING & RECORDING ALL EXPENSES & INCOME OF THE CHAPTERS. A PORTION OF THE NET PROFIT OF EACH EDUCATION & OTHER EVENTS IS BUDGETED FOR CHAPTER EXPENSES. |
| FORM 990, PART VI, SECTION B, LINE 11B | NO REVIEW WAS OR WILL BE CONDUCTED. |
| FORM 990, PART VI, SECTION C, LINE 19 | WHEN A REQUEST IS MADE FOR THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS, THE REQUEST WOULD BE FULFILLED BY COPYING THE DOCUMENTS AND MAILING THEM TO THE REQUESTER. |
| DE MINIMUS SAFE HARBOR ELECTION | SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION SOUTH DAKOTA MULTI HOUSING ASSOCIATION PO BOX 90327 SIOUX FALLS, SD 57109-0327 EMPLOYER IDENTIFICATION NUMBER: 46-0351589 FOR THE YEAR ENDING DECEMBER 31, 2018 SOUTH DAKOTA MULTI HOUSING ASSOCIATION IS HEREBY MAKING THE DE MINIMUS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). |
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