FORM 990, PART VI, SECTION A, LINE 6 |
THE MEMBERSHIP IS MADE UP OF HOMEOWNERS WHO PURCHASE HOMES ON THE LAND HELD IN THE TRUST AND OF INDIVIDUALS WHO PAY THE MEMBERSHIP FEES. |
FORM 990, PART VI, SECTION A, LINE 7A |
THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ELECT THE EXECUTIVE COMMITTEE OF THE BOARD. |
FORM 990, PART VI, SECTION A, LINE 7B |
THE MEMBERSHIP APPROVES THE SALE OF ANY LAND HELD IN THE TRUST, THEY ESTABLISH AND CAN ALTER THE RESALE FORMULA OF THE HOMES, AND THEY MUST APPROVE THE DISSOLUTION OF THE CORPORATION. |
FORM 990, PART VI, SECTION B, LINE 11B |
REVIEW PROCESS FOR THE 990 REQUIRES THE 990 BE DISTRIBUTED TO THE PRESIDENT, OFFICERS, AND DIRECTORS FOR REVIEW PRIOR TO FILING RETURN WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C |
A BOARD MEMBER MUST IMMEDIATELY DISCLOSE ANY CONFLICT OF INTEREST TO THE BOARD, AS OUTLINED IN THE GOVERNING DOCUMENTS. ANY CONFLICTS ARE DISCUSSED AT THE BOARD LEVEL. THE ORGANIZATION REQUIRES THAT ALL BOARD MEMBERS ANSWER AN ANNUAL DISCLOSURE QUESTIONNAIRE, WHICH IS KEPT ON FILE. |
FORM 990, PART VI, SECTION B, LINE 15A |
ON A YEARLY BASIS THE COMMITTEE REVIEWS COMPARABLE LOCAL NON-PROFIT EXECUTIVE SALARIES. THE COMMITTEE REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND ORGANIZATION IN TERMS OF ACCOMPLISHING THE MISSION OF THE ORGANIZATION, AND SETS THE EXECUTIVE DIRECTOR'S SALARY. THE EXECUTIVE DIRECTOR REVIEWS AND SETS ADMINISTRATIVE PERSONNEL SALARIES. THE BOARD THEN APPROVES THE BUDGET, WHICH INCLUDES THE ADMINISTRATIVE SALARIES. |
FORM 990, PART VI, SECTION C, LINE 19 |
GOVERNING DOCUMENTS ARE MADE AVAILABLE FOR REVIEW AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS. |
FORM 990, PART XII, LINE 2C: |
THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |