Lubbock Apartment Association Inc

“Dave marcinkowski and charles young have a business relationship.”

“The organization was formed by the members to provide education, support and professionalism to those involved with the ownership and management of rental housing on a local, state and national level.”

“There shall be a nominating committee composed of the immediate past president of the association, if available, and if not, some other member appointed by the president, who shall serve as chairman and he/she shall appoint at least 2 members to serve with him/her, and they shall select at least one candidate for each vacancy, which selections shall be reported to the president in sufficient time to give written notice to the general membership. A written notice is to be delivered via regular mail, electronic mail, facsimile or in person to the membership at least fifteen days prior to the november membership meeting, when the election of directors is held. Additional nominations from the membership must be submitted in writing five days prior to the november meeting to be placed on the ballot and to be eligible for election. Other nominations will not be considered after that date. Elections are held on a one member one vote basis.”

“Management presented a copy of the form 990 to the board for discussion, review and approval prior to filing.”

“Board members are required to recuse themselves from discussion of or voting on an issue that they may have a conflict of interest. If removing themselves from the discussion or vote on the issue with which they have a conflict is not enough the board may by a 2/3 vote remove the director from the board. All board members are given a copy of the conflict of interest policy when they join the board, and are required to declare any potential conflicts to the board as soon as possible.”

“The organization's governing documents, conflict of interest policy and audited financial statements are available for viewing by the public and members at the organization's office in lubbbock, tx.”

“The board of directors have assigned the executive committee to oversee the financial statement audit and select the independent financial statement auditor.”

“A financial statement audit was conducted for the year end january 31, 2017. The audit resulted in a prior period adustment. The adjustment reduced the net assets of the organization by $60,257. The adjustments consisted of an increase in salaries of $6,658, an increase in payroll taxes of $2,472, an increase in office expense of $1,897, an increase in board travel of $1,208, an increase in special events expense of $43,844, and an increase in education expenses of $4,178. The adjustments were related to the january 31, 2016 year end in which an audit was not conducted. The organization's bylaws requires an audit every other year.”