FORM 990, PART VI, SECTION A, LINE 6 |
THE REGULAR MEMBERS OF THE CORPORATION SHALL BE ALL NATURAL PERSONS, EIGHTEEN YEARS OF AGE OR OLDER, WHO LEASE LAND OR HOUSING FROM THE CORPORATION, OR WHO LEASE OR OWN HOUSING THAT IS LOCATED ON LAND LEASED BY ANOTHER ENTITY FROM THE CORPORATION (LESSEE MEMBERS). ALL OTHER NATURAL PERSONS, EIGHTEEN YEARS OF AGE OR OLDER, WHO HAVE SUBMITTED A MEMBERSHIP APPLICATION, INCLUDING A SIGNED STATEMENT OF SUPPORT FOR THE PURPOSES OF THE CORPORATION AND PAID MEMBERSHIP DUES AS SET BY THE BOARD OF DIRECTORS (GENERAL MEMBERS). |
FORM 990, PART VI, SECTION A, LINE 7A |
THE DIRECTORS SHALL BE ELECTED BY THE REGULAR MEMBERS PRESENT AND VOTING AT THE ANNUAL MEETING. |
FORM 990, PART VI, SECTION A, LINE 7B |
THIS APPROVAL IS REQUIRED FOR THE DISSOLUTION OF THE ORGANIZATION, THE SALE OF CLCLT ASSETS (HOMES), AND A CHANGE IN CLCLT GROUND LEASE DOCUMENT. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE EXECUTIVE DIRECTOR PROVIDES A NARRATIVE AND THE BOARD REVIEWS. |
FORM 990, PART VI, SECTION B, LINE 12C |
THE DIRECTORS HAVE TO SIGN A FORM WHERE THEY MUST STATE ANY CONFLICTS OF INTEREST THAT THEY HAVE. THE BOARD MEMBERS MUST ANNOUNCE ANY OTHER AFFILIATIONS AND THEY SHOULD BE REFLECTED IN THE BOARD MINUTES. A BOARD MEMBER THAT HAS A CONFLICT OF INTEREST MAY BE PRESENT FOR THE DISCUSSION TO ANSWER QUESTIONS, BUT MAY NOT ADVOCATE FOR THE ACTION TO BE TAKEN AND MUST LEAVE THE ROOM WHILE A VOTE IS TAKEN. |
FORM 990, PART VI, SECTION B, LINE 15 |
FOR THE EXECUTIVE DIRECTOR THE EXECUTIVE COMMITTEE PERFORMS A REVIEW OF SIMILAR SALARIES IN THE FIELD AND NONPROFIT SALARY REVIEW DONE EVERY COUPLE OF YEARS AND MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS FOR APPROVAL. FOR KEY EMPLOYEES THE EXECUTIVE DIRECTOR DETERMINES THE SALARY BY REVIEWING COMPARATIVE SALARIES IN THE INDUSTRY AND BY EXAMINING THE ANNUAL BUDGET. |
FORM 990, PART VI, SECTION C, LINE 19 |
A PHOTOCOPY OR ELECTRONIC VERSION IS AVAILABLE UPON REQUEST. |
FORM 990, PART XII, LINE 2C |
THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |