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 2 | JERRY KYSER AND JAKE KYSER ARE BOTH BOARD MEMBERS. JERRY KYSER IS JAKE KYSER'S FATHER. COLEMAN FARRIOR AND PETE FARRIOR ARE BOTH BOTH MEMBERS. PETE FARRIOR IS COLEMAN FARRIOR'S FATHER. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION HAS THREE CLASSES OF MEMBERSHIP (BUILDER, RETIRED BUILDER, AND ASSOCIATE). THE MEMBERS OF ALL THE CLASSES ELECT THE MEMBERS OF THE ASSOCIATION'S GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER IN EACH CLASS OF MEMBERSHIP IS ENTITLED TO ONE VOTE IN THE ELECTION OF THE ASSOCIATION'S GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | FOR EACH INTEREST DISCLOSED TO THE PRESIDENT OF THE BOARD OF DIRECTORS, THE PRESIDENT WILL DETERMINE WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THE POLICY; (C) ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ASSOCIATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ASSOCIATION OR, IF THE PERSON REFUSES TO RESIGN BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ASSOCIATION'S REMOVAL PROCEDURES. THE ASSOCIATION'S CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCE EXECUTIVE WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICT OF INTEREST AND DISCLOSE THEM TO THE PRESIDENT OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE WHO ARE INDEPENDENT PERSONS. THE DELIBERATION AND DECISION MAKING PROCESS ARE DOCUMENTED IN THE EXECUTIVE COMMITTEE'S MINUTES. THE EXECUTIVE DIRECTOR'S COMPENSATION IS INCLUDED AS PART OF THE OVERALL BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION DOES NOT MAKE ITS FINANCIAL STATEMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION. THE GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION AT THE ASSOCIATION'S OFFICE. |
| FORM 990, PART XII, LINE 2C | NEITHER THE OVERSIGHT OR SELECTION PROCESS CHANGED DURING THE CURRENT TAX YEAR |
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