Civic Intelligence

Stone Ridge Association Inc

990 • Fiscal year 2022 • EIN 11-3672574

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 09, 2023

24605 Stone Carver DriveStone Ridge, VA 20105

(703) 327-5179

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

35th percentile

0.06x

Higher debt load relative to revenue than 35% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Net Margin

41st percentile

2.8%

Higher net margin than 41% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

70th percentile

$163,039

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Asset Growth

52nd percentile

1.7%

Faster asset growth than 52% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

49th percentile

3.4%

Faster revenue growth than 49% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$6,921,005

Up $114,514 (+1.7%) from 2021

Net Assets

Up

$6,672,750

Up $126,403 (+1.9%) from 2021

Liabilities

Down

$248,255

Down $11,889 (-4.6%) from 2021

Revenue

Up

$4,492,560

Up $146,561 (+3.4%) from 2021

Expenses

Up

$4,366,157

Up $493,816 (+13%) from 2021

Net Income

Down

$126,403

Down $347,255 (-73%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $5,581,517Liabilities 2019: $426,883Net Assets 2019: $5,154,6342019Assets 2020: $6,391,677Liabilities 2020: $318,988Net Assets 2020: $6,072,6892020Assets 2021: $6,806,491Liabilities 2021: $260,144Net Assets 2021: $6,546,3472021Assets 2022: $6,921,005Liabilities 2022: $248,255Net Assets 2022: $6,672,7502022Assets 2023: $6,425,488Liabilities 2023: $413,944Net Assets 2023: $6,011,5442023Assets 2024: $6,276,969Liabilities 2024: $230,784Net Assets 2024: $6,046,1852024

Highlighted filing

2022

Assets$6,921,005
Liabilities$248,255
Net Assets$6,672,750

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $4,234,166Expenses 2019: $3,774,758Net Income 2019: $459,4082019Revenue 2020: $4,532,788Expenses 2020: $3,612,977Net Income 2020: $919,8112020Revenue 2021: $4,345,999Expenses 2021: $3,872,341Net Income 2021: $473,6582021Revenue 2022: $4,492,560Expenses 2022: $4,366,157Net Income 2022: $126,4032022Revenue 2023: $4,879,427Expenses 2023: $5,540,633Net Income 2023: -$661,2062023Revenue 2024: $5,046,416Expenses 2024: $5,011,775Net Income 2024: $34,6412024

Highlighted filing

2022

Revenue$4,492,560
Expenses$4,366,157
Net Income$126,403
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 9, 2023
Return Version
2022v5.0
Gross Receipts
$4,492,560
Mission and Program Overview

Mission

To maintain and repair the common property of the association

Maintenance of common property

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,464,815$6,703,513▲ $238,698
Prepaid Expenses and Deferred Charges$46,094$91,903▲ $45,809
Cash and Non-Interest-Bearing Accounts$216,414$71,682▼ $144,732
Accounts Receivable$73,227$53,907▼ $19,320
Land, Buildings, and Equipment, Net$5,941$0▼ $5,941
Total Assets$6,806,491$6,921,005▲ $114,514
Liabilities
Deferred Revenue$196,504$183,864▼ $12,640
Accounts Payable and Accrued Expenses$63,640$64,391▲ $751
Total Liabilities$260,144$248,255▼ $11,889
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,340,282$6,534,609▲ $194,327
Net Assets Without Donor Restrictions$206,065$138,141▼ $67,924
Total Net Assets Fund Balance$6,546,347$6,672,750▲ $126,403
Total Liabilities and Net Assets / Fund Balance$6,806,491$6,921,005▲ $114,514

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$42,525$42,525
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lois BeaulneGeneral ManagerFT$163,039$163,039

Board Members and Trustees

NameTitle
Michael RhodesPresident
Madhava MadireddyVice-president
Christine NaderDirector
Christopher KimreyDirector
Denise HarroverDirector
Rami MudrathiSecretary
Jamel SparkesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Heritage Landscape Services LLCLandscaping8001 INDUSTRIAL PARK CT, Bristow, VA 20136$1,036,141
Patriot DisposalTrash Removal9115 INDUSTRY DR, Manassas Park, VA 20111$822,102
Nv Pools INCPool Service4080 WALNEY RD, Chantilly, VA 20151$388,820
Sfmc INCManagement9464 INNOVATION DR, Manassas, VA 20110$132,889
NovecElectric SvsPO BOX 2710, Manassas, VA 20108$108,939
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,260,622
Investment Income
$89,120
Other Revenue
$142,818
Change in Net Assets
$126,403

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,492,560
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,492,560
Total Revenue per Form 990
$4,492,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,524,783
Salaries, Compensation, and Employee Benefits$841,374
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$650,938--$650,938
Other Salaries and Wages-$584,772-$584,772
Other Expenses$427,737--$427,737
Office Expenses-$286,720-$286,720
Other Employee Benefits-$198,125-$198,125
Fees for Services Management-$125,647-$125,647
Payroll Taxes-$58,477-$58,477
Insurance-$40,589-$40,589
Fees for Services Legal-$21,185-$21,185
Fees for Services Accounting-$11,750-$11,750
Depreciation Depletion$5,941--$5,941
Total Functional Expenses$3,038,892$1,327,265$0$4,366,157

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,366,157
Total Expenses per Audited Statements$4,366,157
Total Expenses per Form 990$4,366,157
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The association has hired sfmc inc. To oversee the daily operations.

Form 990, Part VI, Section A, Line 6

All homeowners who are required to pay dues are members of the organization. The association has 3474 homeowner members.

Form 990, Part VI, Section A, Line 7A

The homeowner members elect a board of directors.

Form 990, Part VI, Section A, Line 7B

Some decisions are subject to member approval.

Form 990, Part VI, Section B, Line 11B

The board of directors and management agent review the form 990.

Form 990, Part VI, Section B, Line 15

The association's officers and directors are not compensated.

Form 990, Part VI, Section C, Line 19

These documents are available to members and potential members upon request.

Filing and Contact Details

Filer

Filer Name
Stone Ridge Association Inc
EIN
11-3672574
Phone
7033275179
Address
24605 STONE CARVER DRIVE, STONE RIDGE, VA 20105

Signing Officer

Name
Jamel Sparkes
Title
Treasurer
Phone
7033926006
Signed
2023-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Rhodes
Formed
2001
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
0

Preparer

Firm
Daly Hamad & Associates Pllc
Address
1037 STERLING RD SUITE 204, HERNDON, VA 20170
Preparer
Daniel Hamad CPA
Phone
7037969501
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Trash-single family: program service expenses 351,593. Management and general expenses 0. Fundraising expenses 0. Total expenses 351,593. Utilities: program service expenses 152,639. Management and general expenses 0. Fundraising expenses 0. Total expenses 152,639. Savannah single family: program service expenses 114,669. Management and general expenses 0. Fundraising expenses 0. Total expenses 114,669. Cedarwood single family: program service expenses 32,037. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,037.

Financial Statement Notes

PART X, LINE 2:

The association may be liable for income taxes on unrelated business income, at applicable federal and state rates. The association had no unrelated business income for the years ended december 31, 2022 and 2021.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt046094
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt091903
IRS990/PrincipalOfficerNm0MICHAEL RHODES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04260622
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04260622
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt089136
IRS990/PYOtherExpensesAmt03119129
IRS990/PYOtherRevenueAmt0142819
IRS990/PYProgramServiceRevenueAmt04114044
IRS990/PYRevenuesLessExpensesAmt0473658
IRS990/PYSalariesCompEmpBnftPaidAmt0753212
IRS990/PYTotalExpensesAmt03872341
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04345999
IRS990/ReconcilationRevenueExpnssAmt0126403
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04403440
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06464815
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06703513
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042525
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042525
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04366157
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04492560
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION MAY BE LIABLE FOR INCOME TAXES ON UNRELATED BUSINESS INCOME, AT APPLICABLE FEDERAL AND STATE RATES. THE ASSOCIATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt04366157
IRS990ScheduleD/TotalRevenuePerForm990Amt04492560
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04492560
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04366157
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0163039
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LOIS BEAULNE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0163039
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION HAS HIRED SFMC INC. TO OVERSEE THE DAILY OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL HOMEOWNERS WHO ARE REQUIRED TO PAY DUES ARE MEMBERS OF THE ORGANIZATION. THE ASSOCIATION HAS 3474 HOMEOWNER MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE HOMEOWNER MEMBERS ELECT A BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOME DECISIONS ARE SUBJECT TO MEMBER APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS AND MANAGEMENT AGENT REVIEW THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION'S OFFICERS AND DIRECTORS ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THESE DOCUMENTS ARE AVAILABLE TO MEMBERS AND POTENTIAL MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRASH-SINGLE FAMILY: PROGRAM SERVICE EXPENSES 351,593. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 351,593. UTILITIES: PROGRAM SERVICE EXPENSES 152,639. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 152,639. SAVANNAH SINGLE FAMILY: PROGRAM SERVICE EXPENSES 114,669. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114,669. CEDARWOOD SINGLE FAMILY: PROGRAM SERVICE EXPENSES 32,037. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,037.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06806491
IRS990/TotalAssetsEOYAmt06921005
IRS990/TotalAssetsGrp/BOYAmt06806491
IRS990/TotalAssetsGrp/EOYAmt06921005
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01327265
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03038892
IRS990/TotalFunctionalExpensesGrp/TotalAmt04366157
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0260144
IRS990/TotalLiabilitiesEOYAmt0248255
IRS990/TotalLiabilitiesGrp/BOYAmt0260144
IRS990/TotalLiabilitiesGrp/EOYAmt0248255
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06546347
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06672750
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03038892
IRS990/TotalProgramServiceRevenueAmt04260622
IRS990/TotalReportableCompFromOrgAmt0163039
IRS990/TotalRevenueGrp/ExclusionAmt089120
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04403440
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04492560
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06806491
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06921005
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt024951 CALCITE PLACE
IRS990/USAddress/CityNm0STONE RIDGE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd020105
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0STONERIDGEHOA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z

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