Note 19 - Related Party Transactions

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

19. Related Party Transactions

We contributed

$1.5

million in cash to the MDC/Richmond American Homes Foundation (the “Foundation”) during the

three

months ended

March 31, 2017.

The Foundation is a non-profit organization operated exclusively for charitable, educational and other purposes beneficial to social welfare within the meaning of Section 

501

(c)(

3

) of the Internal Revenue Code. The following Directors and/or officers of the Company served as directors of the Foundation at

March 31, 2018,

all of whom serve without compensation:

Name	MDC Title
Larry A. Mizel	Chairman and CEO
David D. Mandarich	President and COO

Three other individuals, who are independent of the Company, also serve as directors of the Foundation. All directors of the Foundation serve without compensation.