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 4 | THE ORGANIZATION MADE THE FOLLOWING SIGNIFICANT CHANGES TO ITS BYLAWS INCLUDING: 1) THE BYLAWS HAVE BEEN MODIFIED TO PROVIDE THAT WHA'S FISCAL YEAR WILL BE JANUARY 1 - DECEMBER 31. 2) WHILE THE ANNUAL MEETING IS STILL REQUIRED AND ALLOWS THE VOTING MEMBER TO DETERMINE WHEN THE ANNUAL MEETING OF THE BOARD OCCURS, THE BYLAWS WERE MODIFIED TO ALLOW FLEXIBILITY AS TO THE TIMING. THE DEFAULT IS STILL THAT THE ANNUAL MEETING OF THE BOARD SHALL BE HELD ON THE SAME DAY AS THE ANNUAL MEETING OF THE VOTING MEMBER, IT IS DOES NOT REQUIRE IT TO OCCUR IMMEDIATELY FOLLOWING, BUT INSTEAD JUST FOLLOWING THE ANNUAL MEETING OF THE VOTING MEMBER. SECTION 4.1 ANNUAL MEETING OF BOARD OF DIRECTORS. UNLESS OTHERWISE DETERMINED BY THE VOTING MEMBER, THE ANNUAL MEETING OF THE BOARD SHALL BE HELD ON THE SAME DAY AS THE ANNUAL MEETING OF THE VOTING MEMBER FOLLOWING THE ANNUAL MEETING OF THE VOTING MEMBER, AT SUCH PLACE AS MAY BE DESIGNATED BY THE VOTING MEMBER FOR THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. THE AGENDA FOR THE MEETING SHALL INCLUDE THE FOLLOWING: 1) READING AND APPROVAL OF THE MINUTES FROM THE PREVIOUS ANNUAL MEETING; 2) REPORTS OF OFFICERS; 3) UNFINISHED BUSINESS; AND 4) NEW BUSINESS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS A SOLE VOTING MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE VOTING MEMBER APPOINTS THE BOARD OF DIRECTORS. IN ADDITION, THE PRESIDENT AND CHAIRMAN OF THE VOTING MEMBER ARE EX-OFFICIO VOTING MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE SOLE VOTING MEMBER OF THE ORGANIZATION HAS THE POWER TO APPOINT AND REMOVE MEMBERS OF THE BOARD OF DIRECTORS. IN ADDITION, SIGNIFICANT TRANSACTIONS REQUIRE THE PRIOR AUTHORIZATION OR APPROVAL OF THE SOLE VOTING MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE DIRECTORS OF THE ORGANIZATION REVIEW THE AUDITED FINANCIAL STATEMENTS. THE SECRETARY/TREASURER AND MANAGEMENT REVIEW THE 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. MANAGEMENT EMAILS THE 990 TO THE BOARD OF DIRECTORS AND THEY ARE GIVEN 5 DAYS TO REVIEW THE FORM BEFORE IT IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, ALL DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AND SIGN A FORM DISCLOSING ANY CONFLICTS OF INTEREST. THE SIGNED FORMS ARE KEPT ON FILE AT THE WRA OFFICE. IN ADDITION, AT THE BEGINNING OF EACH MEETING, THE CHAIRMAN ASKS THE DIRECTORS IF THEY HAVE ANY CONFLICTS WITH ITEMS ON THE PROPOSED AGENDA. DIRECTORS ALSO SIGN A CONFIDENTIALITY AGREEMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART VIII, LINES 7A-C; PART X LINE 11 | INVESTMENTS ARE POOLED WITH INVESTMENTS HELD UNDER THE NAME OF WISCONSIN REALTORS ASSOCIATION. THE POOLED INVESTMENTS AND RELATED INVESTMENT GAINS AND LOSSES ARE ALLOCATED TO WISCONSIN HOMEOWNERS ALLIANCE BASED ON A WEIGHTED AVERAGE OF ITS COST BASIS INCLUDED IN THE INVESTMENT POOL. THE AVERAGE IS THEN APPLIED TO THE BALANCE OF INVESTMENTS AND INVESTMENT EARNINGS IN THE INVESTMENT POOL AT THE END OF EACH MONTH TO CALCULATE THE PORTION ALLOCATED TO WISCONSIN HOMEOWNERS ALLIANCE. THEREFORE, THE GAIN (LOSS) FROM THE SALE OF SECURITIES REPRESENTS THE ORGANIZATION'S ALLOCABLE SHARE. |
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