Hidden Valley Foundation Inc

“Classes of members or stockholders: hidden valley inc. Is a pennsylvania non-stock, non-profit corporation incorporated july 5, 1984 with a declaration of covenants, conditions and restrictions made on march 14, 1985. The foundation is the umbrella corporation which has been organized to provide all maintenance and recreational services for those properties that are for the common use of all members of hidden valley foundation, inc., a master homeowners' foundation. The foundation's documents provide for three classes of membership. Class a members are owners of residential property and are entitled to one vote for each property owned. In accordance with the foundation's governing documents, the class b members and developer were entitled to 6000 votes. Class b membership ceased and terminated on january 1, 2020. Class c members are limited members who have not consented to become full members of the foundation and are entitled to vote on limited matters.”

“Election of members and their rights: members are owners of residential property and are entitled to one vote per property. Class c members are limited members.”

“Decisions subject to approval of members: members have limited ability to approve decisions of the governing body. Members do not have the right to approve the daily business of the board. The only meeting at which members may cast a vote is at the annual meeting. Members may not otherwise vote at the regular monthly board meetings.”

“Organization's process to review form 990: the audit committee of the foundation reviews the form 990 in detail and makes recommendations for reporting changes to the return preparer. A copy of the return is provided to all board members.”

“Enforcement of conflicts policy: the foundation has implemented a conflict of interest policy and the board reviews it annually.”

“Compensation process for officers: officers do not receive any compensation for their services.”

“Governing documents disclosure explanation: in addition to being on the internal revenue website for non profit organizations, the foundation makes the annual form 990 available to the public upon request at the foundation office.”

“Snow removal & salt: program service expenses 155,851. Management and general expenses 0. Fundraising expenses 0. Total expenses 155,851. Facilities maintenance: program service expenses 140,710. Management and general expenses 0. Fundraising expenses 0. Total expenses 140,710. Vehicles: program service expenses 92,583. Management and general expenses 0. Fundraising expenses 0. Total expenses 92,583. Supplies: program service expenses 45,996. Management and general expenses 6,499. Fundraising expenses 0. Total expenses 52,495. Homeowner activities: program service expenses 32,048. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,048. Other expenses: program service expenses 0. Management and general expenses 29,019. Fundraising expenses 0. Total expenses 29,019. Miscellaneous: program service expenses 1,333. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,333.”