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        <ExplanationTxt>THE DRAFT VERSION OF THE FEDERAL FORM 990 IS REVIEWED IN DETAIL BY THE PRESIDENT AND COMPTROLLER TO ENSURE THAT THE DETAILS APPROPRIATELY REPRESENT ALL FINANCIAL ACTIVITIES OF BEMC 4 ASSOCIATION. A COPY OF THE DRAFT FEDERAL FORM 990 IS DISTRIBUTED TO THE PRESIDENT PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE.</ExplanationTxt>
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      <ReimbursementPaidToOtherOrgInd>0</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>0</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
    </IRS990ScheduleR>
  </ReturnData>
</Return>