Grand Rapids Alliance of Cooperative Communities

“The organization has two forms of membership: residential membership - contingent upon a valid membership agreement with the organization, payment of applicable fees and dues, and honoring the conditions of the policy handbook. All members in good standing are able to participate in the democratic decision making process and establish seniority within the organization. Residency at any gracc property shall be contingent upon a full membership status and a valid occupancy agreement with any of the organization's member houses. Member-at-large - membership held by individual who has been voted in by the co-op membership and does not reside in a house owned by the organization, granting rights and privileges of a resident member with the exception of voting on individual member-house changes. Member-at-large may vote in the general assembly.”

“The board shall be composed of duly elected representatives of each house (3 from houses with more than 22 rooms, 2 from houses with more than 11 bedrooms, and 1 from houses with less than 12 bedrooms.) houses elect these representatives.”

“The organization's bylaws and articles of incorporation may be amended or repealed by a majority vote of the members at a general membership meeting or special meeting duly called for the purpose of adopting, repealing, or amending the bylaws.”

“The prepared form 990 is reviewed and approved by the members of the governing body before the return is filed with the irs.”

“The conflict of interest policy is reviewed at least annually by the board members. All directors and officers are required to complete and sign a conflict of interest statement annually. A director or officer with a conflict of interest is prohibited from participating in deliberations and decisions regarding the transaction.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”