| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 6: | ALL VOLUNTEERS ARE UNCOMPENSATED BOARD MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 4 | DURING THE 2023 CALENDAR YEAR, THE ORGANIZATION MADE SIGNIFICANT CHANGES TO ITS BYLAWS. THE SIGNIFICANT CHANGES TO THE BYLAWS INCLUDED CHANGES TO: - THE NUMBER, COMPOSITION, QUALIFICATIONS, AUTHORITY, OR DUTIES OF THE GOVERNING BODY'S VOTING MEMBERS; - THE NUMBER, COMPOSITION, QUALIFICATIONS, AUTHORITY, OR DUTIES OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES; - THE QUORUM, VOTING RIGHTS, OR VOTING APPROVAL REQUIREMENTS OF THE GOVERNING BODY MEMBERS; - THE POLICIES OR PROCEDURES CONTAINED WITHIN THE ORGANIZING DOCUMENTS OR BYLAWS REGARDING COMPENSATION OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | PROPERTY MANAGEMENT MEMBERS - FIRMS, INDIVIDUALS AND/OR ORGANIZATIONAL ENTITIES THAT OWN AND/OR MANAGE RENTAL PROPERTY IN THE STATE OF WASHINGTON AND ARE NOT CONSIDERED SUPPLIER MEMBERS. PROPERTY MEMBERS - AN INDIVIDUAL RENTAL PROPERTY IN THE STATE OF WASHINGTON. SUPPLIERS MEMBERS - INDIVIDUALS, FIRMS, AND/OR PRIVATE BUSINESSES WHO ARE IN THE BUSINESS OF SUPPLYING GOODS AND SERVICES TO THE OPERATORS OR OWNERS OF RENTAL PROPERTY. CHAPTER MEMBERS - OTHER GOVERNMENT ENTITIES, HOUSING AUTHORITIES OR NON-PROFIT ASSOCIATIONS OR ORGANIZATIONS FORMED OR EXISTING FOR PURPOSES DIRECTLY OR INDIRECTLY RELATED TO THE RENTAL HOUSING INDUSTRY AND WHOSE GOALS ARE, IN THE SOLE OPINION OF THE BOARD, NOT DISSIMILAR OR ANTAGONISTIC TO THE PURPOSES AND GOALS OF WMFHA. |
| FORM 990, PART VI, SECTION A, LINE 7A | WE ARE A 501(C)(6) AND OUR MEMBERS ELECT OUR BOARD OF DIRECTORS. THE BOARD THEN ELECTS THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 REVIEW WILL BE CONDUCTED BY WMFHA EXECUTIVE DIRECTOR, NICK MARIN, AND WMFHA DIRECTOR OF OFFICE SERVICES, KATRINA BISHOP. A COMPLETE COPY OF THE FORM 990 WILL BE PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY BEFORE FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | AN ANNUAL QUESTIONNAIRE IS DISTRIBUTED TO THE BOARD MEMBERS AND RESPONSES ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND EXECUTIVE COMMITTEE FOR ANY POSSIBLE CONFLICTS. IF A POTENTIAL CONFLICT OF INTEREST IS REPORTED, THE BOARD OF DIRECTORS HAS THE SOLE RESPONSIBILITY FOR DETERMINING WHETHER ANY INTERESTS CONSTITUTE A CONFLICT AND IF SO, WHAT THE REMEDY WILL BE. TYPICALLY, IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, BOARD MEMBERS RECUSE THEMSELVES FROM DISCUSSION AND VOTING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION ANNUALLY. THE LAST COMPENSATION REVIEW WAS PERFORMED JANUARY OF 2021. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VI, LINE 1: | THE EXECUTIVE COMMITTEE CONSISTS OF THE PRESIDENT, PAST PRESIDENT, VICE PRESIDENT, TREASURER, SECRETARY AND VICE PRESIDENT OF SUPPLIERS COUNCIL. EXECUTIVE COMMITTEE MEMBERS ARE STANDING BOARD MEMBERS. THEY EXERCISE POWERS TO MANAGE BUSINESS AFFAIRS, REVIEW ADMINISTRATIVE PROCEDURES AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THEY HAVE LIMITED DUTIES WITH RESPECT TO ELECTING OFFICERS OR TERMINATING THE EXECUTIVE DIRECTOR. |
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