Civic Intelligence

Stone Ridge Association Inc

990 • Fiscal year 2023 • EIN 11-3672574

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

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

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.08x

Higher debt load relative to revenue than 38% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Net Margin

15th percentile

-14%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

70th percentile

$176,027

Higher top officer pay than 70% of similar nonprofits.

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

2023 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2023

Asset Growth

12th percentile

-7.2%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

8.6%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$6,425,488

Down $495,517 (-7.2%) from 2022

Net Assets

Down

$6,011,544

Down $661,206 (-9.9%) from 2022

Liabilities

Up

$413,944

Up $165,689 (+67%) from 2022

Revenue

Up

$4,879,427

Up $386,867 (+8.6%) from 2022

Expenses

Up

$5,540,633

Up $1,174,476 (+27%) from 2022

Net Income

Down

-$661,206

Down $787,609 (-623%) from 2022

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

2023

Assets$6,425,488
Liabilities$413,944
Net Assets$6,011,544

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

2023

Revenue$4,879,427
Expenses$5,540,633
Net Income-$661,206
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$4,879,427
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$6,703,513$6,271,176▼ $432,337
Accounts Receivable$53,907$69,303▲ $15,396
Cash and Non-Interest-Bearing Accounts$71,682$54,983▼ $16,699
Prepaid Expenses and Deferred Charges$91,903$30,026▼ $61,877
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$6,921,005$6,425,488▼ $495,517
Liabilities
Accounts Payable and Accrued Expenses$64,391$276,054▲ $211,663
Deferred Revenue$183,864$137,890▼ $45,974
Total Liabilities$248,255$413,944▲ $165,689
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,534,609$5,812,887▼ $721,722
Net Assets Without Donor Restrictions$138,141$198,657▲ $60,516
Total Net Assets Fund Balance$6,672,750$6,011,544▼ $661,206
Total Liabilities and Net Assets / Fund Balance$6,921,005$6,425,488▼ $495,517

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Lois BeaulneGeneral ManagerFT$176,027$176,027

Board Members and Trustees

NameTitle
Michael RhodesPresident
Madhava MadireddyVice-president
Christopher KimreyDirector
Denise HarroverDirector
Patrick BatuDirector
Rami MudrathiSecretary
Jamel SparkesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Heritage Landscape Services LLCLandscaping8001 INDUSTRIAL PARK CT, Bristow, VA 20136$1,089,955
Patriot DisposalTrash Removal9115 INDUSTRY DR, Manassas Park, VA 20111$747,463
Brothers Paving & Concrete LLCPaving/concrete9469 HAWKINS DRIVE, Manassas, VA 20109$640,856
Nv Pools INCPool Service4080 WALNEY RD, Chantilly, VA 20151$316,861
Playground Specialists INCPlayground Equipment & Svs29 APPLES CHURCH RD, Thurmont, MD 21788$201,625
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,591,631
Investment Income
$117,685
Other Revenue
$170,111
Change in Net Assets
$-661,206

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,879,427
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,879,427
Total Revenue per Form 990
$4,879,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,610,855
Salaries, Compensation, and Employee Benefits$929,778
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$697,535--$697,535
Other Salaries and Wages-$653,083-$653,083
Other Expenses$438,196--$438,196
Office Expenses-$319,027-$319,027
Other Employee Benefits-$211,387-$211,387
Fees for Services Management-$125,647-$125,647
Payroll Taxes-$65,308-$65,308
Insurance-$44,454-$44,454
Fees for Services Legal-$28,750-$28,750
Fees for Services Accounting-$12,000-$12,000
Total Functional Expenses$4,080,977$1,459,656$0$5,540,633

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,540,633
Total Expenses per Audited Statements$5,540,633
Total Expenses per Form 990$5,540,633
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
2024-11-14
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
9
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 378,273. Management and general expenses 0. Fundraising expenses 0. Total expenses 378,273. Utilities: program service expenses 156,797. Management and general expenses 0. Fundraising expenses 0. Total expenses 156,797. Savannah single family: program service expenses 126,825. Management and general expenses 0. Fundraising expenses 0. Total expenses 126,825. Cedarwood single family: program service expenses 35,640. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,640.

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, 2023 and 2022.

Raw XML AppendixShowing 400 of 423 raw XML fields

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/EOYAmt030026
IRS990/PrincipalOfficerNm0MICHAEL RHODES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04591631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04591631
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt089120
IRS990/PYOtherExpensesAmt03524783
IRS990/PYOtherRevenueAmt0142818
IRS990/PYProgramServiceRevenueAmt04260622
IRS990/PYRevenuesLessExpensesAmt0126403
IRS990/PYSalariesCompEmpBnftPaidAmt0841374
IRS990/PYTotalExpensesAmt04366157
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04492560
IRS990/ReconcilationRevenueExpnssAmt0-661206
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04761742
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06703513
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06271176
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042525
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042525
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05540633
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04879427
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, 2023 AND 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt05540633
IRS990ScheduleD/TotalRevenuePerForm990Amt04879427
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04879427
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05540633
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0176027
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/TotalCompensationFilingOrgAmt0176027
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 378,273. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 378,273. UTILITIES: PROGRAM SERVICE EXPENSES 156,797. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 156,797. SAVANNAH SINGLE FAMILY: PROGRAM SERVICE EXPENSES 126,825. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 126,825. CEDARWOOD SINGLE FAMILY: PROGRAM SERVICE EXPENSES 35,640. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,640.
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/TotalAssetsBOYAmt06921005
IRS990/TotalAssetsEOYAmt06425488
IRS990/TotalAssetsGrp/BOYAmt06921005
IRS990/TotalAssetsGrp/EOYAmt06425488
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01459656
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04080977
IRS990/TotalFunctionalExpensesGrp/TotalAmt05540633
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0248255
IRS990/TotalLiabilitiesEOYAmt0413944
IRS990/TotalLiabilitiesGrp/BOYAmt0248255
IRS990/TotalLiabilitiesGrp/EOYAmt0413944
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06672750
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06011544
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04080977
IRS990/TotalProgramServiceRevenueAmt04591631
IRS990/TotalReportableCompFromOrgAmt0176027
IRS990/TotalRevenueGrp/ExclusionAmt0117685
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04761742
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04879427
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06921005
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06425488
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMEL SPARKES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07033926006
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14

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