Black Hills Home Builders Association Inc

“The organization has members. The members consist of individuals and companies that are directly or indirectly involved in the home construction industry.”

“Elections are held annually and positions are for a three year term with the exception of the president, vice president, board advisor, past president, secretary, and treasurer. The election process is started by the nominating committee which is comprised of past presidents and the executive board or officers of the board. After a slate of candidates is received, a slate is posted to membership 30 days prior to the elections, which are held in october at the monthly membership meeting, of which all members are invited to attend. At that meeting nominations for open positions can also be made from the floor. If the nominations made from the floor receive a majority vote, they are added to the ballot and elections take place that night. Those elected positions take their place on jan 1”

“The board of directors review the tax return before it is filed.”

“Any potential conflict of interest that could result in a direct of indirect financial or personal benefit to a director, officer or staff member must be disclosed in good faith or be known to the board of directors or committee authorizing a contract or other transaction. All questions as to whether a conflict of interest exists are resolved by a vote of the board of directors in which the interested individual may vote. A copy of this policy is provided annually to all interested parties annually.”

“The executive board, which is also the personnel committee, reviews the compensation of the executive director on an annual basis and approves any compensation increase of bonus. They do not review comparability data for other executive directors but believe that the salaries paid are on par with industry norms.”

“The executive officer meets with the tax preparer and they review and discuss the contents of the 990 form. It is then reviewed by the treasurer and the president. The 990 form is not presented to all voting members prior to being filed.”

“Membership expenses 54,306 home show expenses 123,469 parade of homes expense 21,535 pub crawl expense 84,995 miscellaneous expenses 48,485 golf tournament expense 33,607”