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 6 | NCSHA HAS ONLY ONE CLASS OF MEMBERSHIP WITH VOTING RIGHTS - HOUSING FINANCE AGENCIES (OR HFA) MEMBERS, MADE UP OF VIRTUALLY EVERY STATE, THE DISTRICT OF COLUMBIA, NEW YORK CITY, PUERTO RICO, AND THE VIRGIN ISLANDS. |
| FORM 990, PART VI, SECTION A, LINE 7A | NCSHA'S GOVERNING BODY (THE BOARD OF DIRECTORS) IS MADE UP OF AND ELECTED BY HFA MEMBERS, AND THE BOARD OF DIRECTORS IS LIMITED TO INDIVIDUALS CURRENTLY SERVING AS EXECUTIVE DIRECTORS, CHIEF OPERATING OFFICERS, OR EQUIVALENT POSITIONS OF HFA MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | IT IS THE ORGANIZATION'S POLICY TO HAVE THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE AND OPERATIONS REVIEW IN DETAIL THE FORM 990 PRIOR TO FILING, PROVIDING EDITS AND CLARIFICATIONS TO THE TAX PREPARER. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL THOSE SUBJECT TO THE ORGANIZATION'S ETHICS AND CONFLICT OF INTEREST POLICY MUST SUBMIT THE POLICY ACKNOWLEDGEMENT AND DISCLOSURE FORMS TO THE ORGANIZATION'S EXECUTIVE COMMITTEE ANNUALLY FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION'S EXECUTIVE COMMITTEE SETS THE EXECUTIVE DIRECTOR'S SALARY AND COMPENSATION AFTER EVALUATING ANNUAL PERFORMANCE AND REVIEWING COMPENSATION SURVEY INFORMATION FROM LIKE-KIND ORGANIZATIONS PROVIDED BY AN OUTSIDE CONSULTANT. FORM 990, PART VI, SECTION B, LINE 15B: THE ORGANIZATION RETAINED AN OUTSIDE COMPENSATION EXPERT TO DEVELOP A CLEAR, COMPREHENSIVE, AND MARKET-DRIVEN COMPENSATION STRUCTURE, CONSISTENT WITH BEST PRACTICE IN THE NONPROFIT ASSOCIATIONS FOR ALL OF ITS EMPLOYEES. ANNUALLY, THIS EXPERT EVALUATES EACH POSITION AGAINST THE MOST RECENT MARKET DATA IT TRACKS AND ACQUIRES FROM OTHER COMPENSATION SURVEYS AND ADJUSTS THE SALARY RANGES TO REFLECT ANY MOVEMENT IN THE MARKET. THE ORGANIZATION'S EXECUTIVE DIRECTOR ALONG WITH THE DIRECTOR OF FINANCE AND OPERATIONS USES THIS INFORMATION TO DETERMINE INDIVIDUAL EMPLOYEE COMPENSATION LEVELS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT TYPICALLY MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XII, LINE 2C: | THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. |
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