TY 2015 Form 990 Schedule O

efile Public Visual Render ObjectId: 201602259349302675 - Submission: 2016-08-12 TIN: 31-1688648

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

LIHUE COURT TOWNHOMES CORPORATION

Employer identification number

31-1688648

Return Reference	Explanation
Form 990, Part VI, Section B, line 11	UPON COMPLETION, THE TAX RETURN IS FORWARDED TO THE EXECUTIVE DIRECTOR OF MUTUAL HOUSING ASSOCIATION OF HAWAII, INC. (PARENT ORGANIZATION) WHO REVIEWS THE RETURN PRIOR TO FILING WITH THE IRS.
Form 990, Part VI, Section B, line 12c	THE POLICY COVERS ANY DIRECTOR, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS (INTERESTED PERSON). ALL INTERESTED PERSONS MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS/HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS CONSIDERING THE PROPOSED TRANSACTION OR UNDERTAKING. AFTER THE DISCLOSURE, THE BOARD OR COMMITTEE SHALL DISCUSS AND VOTE UPON THE DETERMINATION OF A CONFLICT OF INTEREST. THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF NONE IS ATTAINABLE THE BOARD OR COMMITTEE SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION IS FAIR, REASONABLE AND IN THE ORGANIZATION'S BEST INTEREST. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL SIGN AN ANNUAL STATEMENT REGARDING THE ABOVE CONFLICT OF INTEREST POLICY.
Form 990, Part VI, Section B, line 15	COMPENSATION AMOUNTS ARE DETERMINED BY THE REVIEW OF PERFORMANCE MEASURES AS WELL AS THROUGH THE COMPARISON OF MARKET WAGES FOR SIMILAR POSITIONS IN OTHER ORGANIZATIONS. THIS PROCESS IS UTILIZED FOR THE EXECUTIVE DIRECTOR AND ADMINISTRATOR POSITIONS OF MUTUAL HOUSING ASSOCIATION OF HAWAII, INC. AND WAS LAST REVIEWED IN 2015. DIRECTORS AND OFFICERS ARE TO SERVE WITHOUT COMPENSATION.
Form 990, Part VI, Section C, line 19	INSPECTION IS AVAILABLE AT THE CENTRAL OFFICE OF MUTUAL HOUSING ASSOCIATION OF HAWAII, INC.
FORM 990, PART XII, LINE 2C:	THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Return Reference

Explanation

Form 990, Part VI, Section B, line 11

UPON COMPLETION, THE TAX RETURN IS FORWARDED TO THE EXECUTIVE DIRECTOR OF MUTUAL HOUSING ASSOCIATION OF HAWAII, INC. (PARENT ORGANIZATION) WHO REVIEWS THE RETURN PRIOR TO FILING WITH THE IRS.

Form 990, Part VI, Section B, line 12c

THE POLICY COVERS ANY DIRECTOR, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS (INTERESTED PERSON). ALL INTERESTED PERSONS MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS/HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS CONSIDERING THE PROPOSED TRANSACTION OR UNDERTAKING. AFTER THE DISCLOSURE, THE BOARD OR COMMITTEE SHALL DISCUSS AND VOTE UPON THE DETERMINATION OF A CONFLICT OF INTEREST. THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF NONE IS ATTAINABLE THE BOARD OR COMMITTEE SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION IS FAIR, REASONABLE AND IN THE ORGANIZATION'S BEST INTEREST. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL SIGN AN ANNUAL STATEMENT REGARDING THE ABOVE CONFLICT OF INTEREST POLICY.

Form 990, Part VI, Section B, line 15

COMPENSATION AMOUNTS ARE DETERMINED BY THE REVIEW OF PERFORMANCE MEASURES AS WELL AS THROUGH THE COMPARISON OF MARKET WAGES FOR SIMILAR POSITIONS IN OTHER ORGANIZATIONS. THIS PROCESS IS UTILIZED FOR THE EXECUTIVE DIRECTOR AND ADMINISTRATOR POSITIONS OF MUTUAL HOUSING ASSOCIATION OF HAWAII, INC. AND WAS LAST REVIEWED IN 2015. DIRECTORS AND OFFICERS ARE TO SERVE WITHOUT COMPENSATION.

Form 990, Part VI, Section C, line 19

INSPECTION IS AVAILABLE AT THE CENTRAL OFFICE OF MUTUAL HOUSING ASSOCIATION OF HAWAII, INC.

FORM 990, PART XII, LINE 2C:

THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

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