| FORM 990, PART VI, SECTION A, LINE 3 |
THE BOARD OF THE ORGANIZATION HAS AGREED THAT ALL MANAGEMENT SERVICES AND OVERSIGHT OF THE ORGANIZATION SHALL BE DONE BY BILTMORE PROPERTIES, INC. BILTMORE PROPERTIES, INC. HAS AGREED TO MANAGE ALL RENTAL OPERATIONS FOR A SPECIFIC FEE PER MONTH. |
| FORM 990, PART VI, SECTION A, LINE 6 |
MEMBERSHIP IN THE CORPORATION IS LIMITED TO INDIVIDUALS WHO ARE EITHER (1) TRUSTEES (DIRECTORS) OF ARIZONA CHRISTIAN RETIREMENT HOME SOCIETY, INC. OR (2) MEMBERS OF ARIZONA CHRISTIAN RETIREMENT HOME SOCIETY, INC. AND WHO HAVE THE APPROVAL OF THE BOARD OF TRUSTEES (DIRECTORS) OF ARIZONA CHRISTIAN RETIREMENT HOME SOCIETY, INC. |
| FORM 990, PART VI, SECTION A, LINE 7A |
THE MEMBERS OF THE SOCIETY ELECT THE BOARD MEMBERS ON AN ANNUAL BASIS FOR A THREE YEAR TERM. |
| FORM 990, PART VI, SECTION A, LINE 7B |
THE ARTICLES OF INCORPORATION CANNOT BE AMENDED IN ANY MANNER WHICH RESULTS IN ANY CHANGE IN A GUARANTOR OF ANY OBLICATION TO THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT ("HUD") WITHOUT PRIOR WRITTEN APPROVAL FROM HUD. |
| FORM 990, PART VI, SECTION A, LINE 8B |
THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 |
A COPY OF THE FORM 990 WILL BE PROVIDED TO BILTMORE PROPERTIES AND THE PRESIDENT OF THE BOARD FOR THE INITIAL REVIEW. ONCE THE FORM 990 IS IN FINAL DRAFT, EACH BOARD MEMBER WILL HAVE THE OPPORTUNITY TO REVIEW A COPY OF THE FORM 990 FOR SEVEN DAYS PRIOR TO FILING THE TAX RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C |
OFFICERS AND DIRECTORS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES. THE POLICY IS REVIEWED AT THE BOARD MEETING BY ALL BOARD MEMBERS TO DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT WERE TO EXIST, A BOARD MEMBER MUST REFRAIN FROM VOTING WHEN THE MATTERS ARE BEING DISCUSSED AND VOTED UPON. |
| FORM 990, PART VI, SECTION B, LINE 15 |
AS THE ORGANIZATION DOES NOT HAVE A TOP MANAGEMENT OFFICIAL AND DOES NOT COMPENSATE INDIVIDUALS SERVING AS OFFICERS, THE BOARD DOES NOT HAVE A PROCESS FOR APPROVING COMPENSATION. THE BOARD DOES HAVE A PROCESS FOR ENGAGING A MANAGEMENT COMPANY TO OVERSEE THE OPERATIONS OF THE ORGANIZATION. THIS PROCESS INCLUDES EVALUATION AND APPROVAL OF A MANAGEMENT COMPANY THAT WILL MEET THE NEEDS OF THE ORGANIZATION. THE BOARD REVIEWS AND APPROVES THE RATES TO BE PAID TO THE MANAGEMENT COMPANY AND THE TIME PERIOD OF THE CONTRACT. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART V, LINE 2A |
EMPLOYEES ARE EMPLOYED BY AN OUTSIDE AGENCY. NO FEDERAL OR STATE PAYROLL REPORTING IS DONE BY THIS ORGANIZATION. |
| FORM 990, PART VII, SECTION B, LINE 1 |
OVERALL MANAGEMENT AND OVERSIGHT OF THE ORGANIZATION IS DONE BY BILTMORE PROPERTIES, INC. FEES PAID TO BILTMORE PROPERTIES, INC. FOR THE YEAR ENDING DECEMBER 31, 2013 WERE AS FOLLOWS: MANAGEMENT FEES - $22,560 EXPENSE REIMBURSEMENT FOR PAYROLL AND CENTRALIZED FUNCTIONS - $103,169 |
Attach to Form 990 or 990-EZ.