Rf Rossmoor Inc

“Russell smith, cory carlson, patrick malley, james hummer and e.l. Jahncke are all employed as part of the real estate investment team of washington capital management.”

“The organization is a title-holding company, organized and operated for the benefit of its sole stockholder/member, resilient floor covering pension trust.”

“The taxpayer authorized and issued only one class of shares of stock and issued 1,000 shares to resilient floor covering pension trust. The holder of the stock is entitled to one vote per share. The initial directors were named in the articles of incorporation. Directors are elected by the sole shareholder at each annual meeting to hold office until the next annual meeting. Any one or more members of the board (including the entire board) may be removed, with or without cause, by a vote of the sole shareholder. Therefore, resilient floor covering pension trust appoints and can remove the board of directors of the title holding company by vote, with or without cause.”

“All powers are exercised by and under the authority of the board. The organization's business and affairs are managed under the direction of the board and since resilient floor covering pension trust appoints the board and has the right to remove any or all members of the board, any decisions are subject to the approval of the sole member. Any one or more members of the board (including the entire board) may be removed, with or without cause, by a vote of the sole shareholder.”

“Financial transactions related to form 990 are reviewed continuously during the year by a member of the governing body. At a minimum, the form 990 is reviewed by at least one member of the governing body but not always by the entire body.”

“Directors and officers are required annually to submit a written statement showing their compliance with the conflict of interest policy. This statement is reviewed by a compliance officer.”

“Part vi section b line 15 the organization does not pay compensation and therefore does not have a process for review and approval.”

“The form 1024 and form 990 are available for public inspection upon written or in-person request.”

“The articles of incorporation and corporate by-laws are available to the public upon written or in-person request. The conflict of interest policy is not available for public inspection. The organization does not have an audited financial statement to make available to the public.”

“Distribution to resilient floor covering pension trust -7,496.”

“The organization's financial statements are included in the consolidated financial statements of its parent. The parent assumes oversight of the financial statement audit.”