| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | NUMEROUS DIRECTORS COULD HAVE A BUSINESS RELATIONSHIP AS THEY REPRESENT DIFFERENT PARTIES IN A REAL ESTATE TRANSACTION, WITH ONE DIRECTOR REPRESENTING THE BUYER AND ANOTHER DIRECTOR REPRESENTING THE SELLER IN THE SAME TRANSACTION. NUMEROUS DIRECTORS WORK WITHIN THE SAME OFFICE: COLDWELL BANKER RESIDENTIAL BROKERAGE - BARBARA LANDERS AND JOANNE JUSTICE DREAM CITY REALTY LLC - COREY HARRIS AND DIXON HOLMAN BETTER HOMES AND GARDENS - ROD MACDONALD AND NINA HENDERSON RE/MAX ASSOCIATES, ARLINGTON - JODY KAUTZ, SARAH MASCARENAS, AND LEANNE NELSON RE/MAX ARBORS - KIM JANSONIUS AND MICHELLE HILL |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL OF THE DIRECTORS AND OFFICERS ARE ELECTED BY A GENERAL ELECTION BY THE MEMBERSHIP. OFFICERS SERVE A ONE YEAR TERM, AND DIRECTORS SERVE A THREE YEAR TERM. |
| FORM 990, PART VI, SECTION A, LINE 7B | CAPITAL EXPENDITURES IN EXCESS OF TEN PERCENT (10%) OF THE AVAILABLE CASH ON HAND (CASH ON HAND WILL BE THE SUM OF ALL DEMAND AND TIME DEPOSITS) MUST BE AUTHORIZED BY A MAJORITY VOTE OF THE MEMBERS QUALIFIED TO VOTE AT ANY MEETING AT WHICH A QUORUM IS PRESENT. |
| FORM 990, PART VI, SECTION B, LINE 11B | PRIOR TO FILING, THE RETURN IS REVIEWED BY THE BUDGET AND FINANCE, EXECUTIVE COMMITTEE, AND THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION OF THE CEO IS REVIEWED BY THE VOLUNTEER EXECUTIVE COMMITTEE. |
| 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, PAGE 12, PART XII, LINE 2C | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |
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