| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE, CONSISTISTING OF THE PRESIDENT, PRESIDENT/ELECT, VICE PRESIDENT/TREASURER, VICE PRESIDENT/SECRETARY, THE PRESIDENT AND PRESIDENT/ELECT OF APPROVED CHAPTERS, THE CURRENT CHAIR OF THE COUNCIL BOARD, AND THE PRESIDENT OF THE HOME BUILDERS FOUNDATION, HAVE THE POWER TO ACT ON BEHALF OF THE GOVERNING BODY. ANY DECISIONS MADE BY THE EXECUTIVE COMMITTEE IS REPORTED BACK TO THE ENTIRE BOARD AT THEIR NEXT MEETING. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS FOUR MEMBER TYPES, BUILDER/DEVELOPER MEMBERS, ASSOCIATE MEMBERS, HONORARY MEMBERS, AND MEMBER EMERITUS. OF THESE FOUR CLASSES, ONLY THE BUILDER/DEVELOPER MEMBER HAS THE RIGHT TO VOTE, OTHER MEMBERS THAT CHOOSE TO BE PART OF THE ASSOCIATION DO NOT HAVE THE RIGHT TO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF THE BOARD HAVE THE POWER TO AMEND THE BYLAWS WITH A MAJORITY VOTE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATIONS INDEPENDENT ACCOUNTING FIRM, WITH INFORMATION PROVIDED BY MANAGEMENT. ONCE THE RETURN HAS BEEN COMPLETED, IT IS REVIEWED BY THE CEO, CFO, AND DIRECTOR OF ACCOUNTING PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST POLICY, AS WELL AS IF ANY CONFLICTS ARISE. IT IS THE RESPONSIBILITY OF THE REMAINING BOARD MEMBERS TO DETERMINE WHETHER A CONFLICT EXISTS, AND HOW TO PROCEED. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, THE INTERESTED PERSON IS RECUSED FROM DISCUSSION AND VOTING ON THE TOPIC. ALL ANNUAL CONFLICT OF INTEREST POLICYS ARE KEPT ON RECORD, AND ANY POTENTIAL CONFLICTS DISCLOSED DURING THE YEAR ARE DOCUMENTED WITHIN THE MEETING MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE FINANCE COMMITTEE, EXECUTIVE COMMITTEE AND BOARD MEMBERS ARE RESPONSIBLE FOR REVIEWING AND APPROVING COMPENSATION YEARLY AS PART OF THE BUDGETING PROCESS. THE PROCESS FOR DETERMINING COMPENSATION INCLUDES THE USE OF MOUNTAIN STATES EMPLOYER COUNCIL COMPENSATION DATA. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. |
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