Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Management duties delegation Part VI line 3 | The organization is run by a volunteer board of directors but day-to-day operations are delegated to a management entity, Sterling ASI. |
| Members or stockholder classes and rights Part VI line 6 | Each property owner within the geographically designated area is a member in the Association. |
| Member election for additional members Part VI line 7a | The board of directors is elected by the owner / members of the Association. |
| Governing body decisions Part VI line 7b | Bylaw revisions require member approval |
| Committee meeting documentation Part VI line 8b | The Association has no committees with decision-making authorization. |
| Form 990 governing body review Part VI line 11 | The prepared Form 990 is provided to the board for review and signature prior to submission. |
| Conflict of interest policy compliance Part VI line 12c | Each board candidate is required to disclose possible conflicts of interest. The board then routinely monitors possible conflicts when awarding contracts for services. |
| Governing documents etc available to public Part VI line 19 | Legal documents, financial statements, and bylaws are provided to each owner at initial purchase of property. Copies are available upon request or can be accessed on website. |
| List of other expenses Part IX line 24e | Expense | Program | ManagementBad Debt | 36733 |Insurance | 16109 |Capital Improvements | 13645 |Community Events | 10086 |Property Taxes | 18 | ---------------Total | 76591 | |
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