Greater Birmingham Association of Home Builders

“The organization is comprised of members.”

“Board members are elected by the membership”

“The Form 990 is reviewed with the Executive Vice President and distributed to the Board of Directors prior to filing.”

“All Active members of this Association should agree to observe the following Code of Ethics. (a) Members should constantly seek to provide better values, so that an even greater share of the people may enjoy the benefits of home ownership. (b) Members shall strive to develop the efficiency of the home building industry in order for labor to receive fair compensation. (c) Members should, at all times, contribute their knowledge of home building to the best interest of those they serve (d) Members should not knowingly enter into any contract, the terms of which may impair the rights of either labor or the suppliers of material to receive a fair return of service or goods furnished. (e) Members should not knowingly make fraudulent statements or use implications unwarranted by fact or reasonable profitability (f) Members should comply with rules and regulations prescribed by law and goverment agencies for health, safety and progress of the community. (g) Members should be alert to examine proposed or enacted state and local legislation detrimental to social, economic, and political progress. (h) Members should not knowingly perform, or cause to be performed, any act which would tend to reflect negatively on or bring into disrepute, any part of the home building industry.”

“The association has a policy for determining the compensation of the association's Chief Employed Executive and other officers and/or key employees of the association. The compensation of the person is reviewed and approved by the compensation committee of the association, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. The compensation of the person is reviewed and approved using comparable compensation for similarly qualified people in functionally comparable positions at similarily situated organizations. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.”

“The organization does not make its governing documents, conflict of interest policies and/or financial statements available to the public.”

“Community involvement and promotion. The organization also serves as a resource for information and as an advocate for the Home Building Industry.”

“Conversion from accrual basis to modified cash basis method of accounting 190,477.”

“The Board of Directors assumes responsibility for the audit and the selection of the auditors. This process has not changed from the prior year.”