| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 5 | DURING THE YEAR ENDED JUNE 30, 2024, ASHI DETERMINED THROUGH ITS MONTH END PROCEDURES THAT FRAUDULENT EXPENSE TRANSACTIONS TOTALING APPROXIMATELY $137,000 HAD OCCURRED. SUBSEQUENT TO YEAR END, THERE WAS AN ADDITIONAL $26,500 IN FRAUDULENT EXPENSE TRANSACTIONS. ASHI IS IN THE PROCESS OF SUBMITTING APPLICABLE REPORTS WITH ITS INSURANCE BROKER REGARDING THE CRIMINAL ACTIVITY AND PURSUING REIMBURSEMENT. THE CLAIM WAS SUCCESSFULLY FILED AND REVIEWED. THE INSURANCE BROKER ISSUED A CHECK FOR THE FULL AMOUNT TO ASHI IN 2025. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP CONSISTS OF INDIVIDUALS IN THE HOME INSPECTION INDUSTRY. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERSHIP ANNUALLY ELECTS BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | AT THE BEGINNING OF EACH BOARD MEETING, ALL MEMBERS ARE ASKED TO DIVULGE ANY CONFLICTS OF INTEREST BEFORE ITEMS ARE DISCUSSED. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE DIRECTOR EVALUATION COMMITTEE WHICH CONSISTS OF THE IMMEDIATE PAST PRESIDENT, PRESIDENT, VICE-PRESIDENT, TREASURER AND ONE SENIOR BOARD MEMBER ELECTED DETERMINES COMPENSATION FOR THE EXECUTIVE DIRECTOR BASED ON SALARY STUDIES OF OTHER SIMILAR ORGANIZATIONS. COMPENSATION IS DOCUMENTED IN THE BOARD COMMITTEE MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | BY-LAWS ARE AVAILABLE ON THE MEMBER'S ONLY PORTION OF THE WEBSITE. FINANCIAL STATEMENTS ARE PROVIDED TO THE BOARD ON A QUARTERLY BASIS AND TO THE FINANCE COMMITTEE, THE BOARD, AND TO MEMBERSHIP AT ITS ANNUAL MEETING. THE CONFLICT OF INTEREST POLICY IS AVAILABLE BASED ON DISCRETION OF COUNSEL IF REQUESTED. |
| FORM 990, STATE OF LEGAL DOMICILE: | AS OF JANUARY 29, 2025 THE AMERICAN SOCIETY OF HOME INSPECTORS, INC MERGED ITS STATE OF INCORPORATION AND IS NOW INCORPORATED IN THE STATE OF ILLINOIS. |
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