Return Reference | Explanation |
---|---|
Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Each lot owner in good standing may cast one vote on all matters requiring member approval. |
Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | Each Board member is elected by a vote of the membership. |
Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | Members in good standing of the association are allowed to vote to either approve or overturn the recommendation of the Board of directors on the following matters which in certain circumstances may require approval: Annual fee increases; Special assessments; Changes to use of association land and procedure; Amendment to the association's Bylaws and Declaration of Covenants, Conditions, Restrictions, Assessments, Charges, Servitudes, Liens, Reservations and Easements; Termination of the association's Declaration; Annexation of additional properties |
Form 990, Part VI, Line 11b: Form 990 Review Process | The 990 is reviewed by the Board President and Treasurer prior to filing with the IRS. |
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Board members are required to disclose conflicts at the next open meeting of the Board. |
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | Compensation Committee examines compensation surveys and prepares a written employment contract for approval by the board. |
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Documents are available either on the Guidestar website or our own website and upon request. |
Software ID: | 15000324 |
Software Version: | 2015v3.0 |