Return Reference | Explanation |
---|---|
FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT IS REVIEWED AND PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C | IF, AFTER A THOROUGH REVIEW, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE WITHOUT PRODUCING A CONFLICT OF INTEREST, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THOSE DIRECTORS WHO DO NOT HAVE AN ACTUAL OR POTENTIAL CONFLICT WHETHER THE TRANSACTION OR ARRANGEMENT IS IN UTAH CENTER FOR AFFORDABLE HOUSING'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. THE PERSON(S) WITH THE ACTUAL OR POTENTIAL CONFLICT WILL BE EXCUSED FROM THE MEETING DURING THE VOTE. TO CONFORM TO THE DETERMINATION THE BOARD SHALL MAKE ITS DECISION AS TO WHETHER TO CONTINUE WITH THE TRANSACTION OR ARRANGEMENT. |
FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE EXECUTIVE DIRECTOR, CHIEF OPERATING OFFICER, AND CHIEF FINANCIAL OFFICER IS DETERMINED BY A RELATED ORGANIZATION, AFFORDA, FORMERLY KNOWN AS THE UTAH CENTER FOR NEIGHBORHOOD STABILIZATION. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR AFFORDA SERVES AS THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE PERFORMS AN ANNUAL COMPENSATION REVIEW FOR THE EXECUTIVE DIRECTOR THROUGH AN ANNUAL MARKET ANALYSIS WHICH INCLUDES REVIEW OF COMPARABILITY DATA, TO DETERMINE COMPENSATION AMOUNTS. THE SAME PROCESS USED BY THE COMPENSATION COMMITTEE IS USED BY THE EXECUTIVE DIRECTOR TO DETERMINE THE COMPENSATION AMOUNTS FOR THE CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER. |
FORM 990, PART VI, SECTION C, LINE 19 | AVAILABLE UPON REQUEST |
Software ID: | |
Software Version: |