| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 2 | Dr. Linda Palumbo, the President, is the sister-in-law of another trustee: Pasquale Palumbo. |
| Form 990, Part VI, Section A, Line 4 | In January 2025, at the organization's annual meeting, the membership approved revised by-laws. |
| Form 990, Part VI, Section A, Line 6 | The organization has more than 200 bondholders -- who are families or individuals. Each purchased a bond valued between $184.54 and $375. |
| Form 990, Part VI, Section A, Line 7a | The members elect volunteer trustees at an annual meeting. Each year, four trustee positions are up for election. The term of each trustee is three years. |
| Form 990, Part VI, Section A, Line 7b | Each year at the annual meeting, the members approve the amount of the annual dues, the budget and all other major capital improvements. |
| Form 990, Part VI, Section B, Line 11b | The Board of Trustees meets on a monthly basis to review and update its revenues and expenditures. The Board reviews all related party transactions and votes on all such transactions. |
| Form 990, Part VI, Section C, Line 19 | At the annual meeting, (1) the budget for the current year and year prior; and (2) the profit and loss statement for the prior year -- are distributed to the membership. They are also available upon request. The by-laws are publicly available on our website. |
| Software ID: | 25022730 |
| Software Version: | v1.00 |