Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 4 Significant changes to organizational documents | Changes made to the CDIA Bylaws in 2019 included (a) ending the separate election process for the Mortgage Reporting Division representative to the Board of Directors, (b) extending the term of office of Directors to two years, (c) bringing our legacy provisions on professional standards in line with present practices. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | THE GOVERNING BODY IS THE CDIA BOARD OF DIRECTORS. MEMBERS PAYING $100,000 A YEAR IN DUES ARE ENTITLED TO ONE SEAT ON THE BOARD OF DIRECTORS; MEMBERS PAYING $200,000 A YEAR IN DUES ARE ENTITLED TO TWO SEATS ON THE BOARD. EACH SUCH DIRECTOR IS APPOINTED TO THE BOARD BY THE MEMBER ORGANIZATIONS. FINALLY, THERE ARE FOUR DIRECTORS-AT-LARGE ELECTED BY THE BOARD OF DIRECTORS, AFTER CONSIDERING THE RECOMMENDATION OF THE BOARD NOMINATING COMMITTEE. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | MEMBERS DO NOT APPROVE DECISIONS OF THE BOARD OF DIRECTORS. UNDER EXISTING GOVERNING DOCUMENTS MEMBERS DO NOT HAVE THE RIGHT TO RECEIVE A DISTRIBUTION OF NET ASSETS UPON THE DISSOLUTION OF THE ORGANIZATION. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE CDIA TREASURER AND PRESIDENT. THE FINAL DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS BEFORE FILING. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | COMPENSATION FOR EACH CDIA POSITION IS REVIEWED AND APPROVED BY THE ADMINISTRATION COMMITTEE OF THE BOARD OF DIRECTORS USING COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THERE IS CONTEMPORANEOUS DOCUMENTATION OF THE DECISIONS REGARDING THE COMPENSATION REVIEWS. |
| Form 990, Part VI, Line 19 Required documents available to the public | AVAILABILITY OF GOVERNING DOCUMENTS TO PUBLIC NO DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC. |
| Form 990, Part IX, Line 11g Other Fees | PROFESSIONAL FEES - Total Expense: 1820901, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; |
| Software ID: | 19010655 |
| Software Version: | 2019v5.0 |