Hidden Valley Foundation Inc

“The organization hired an independent third-party management company, first service residential, inc., who managed the property for the entire current fiscal year.”

“Hidden valley foundation inc is a pennsylvania non-stock, non-profit corporation incorporated july 5, 1984 with a declaration of covenants, conditions and restrictions made on march 14, 1985. The foundation is the umbrella corporation which has been organized to provide all maintenance and recreational services for those properties that are for the common use of all memebers of hidden valley foundation, inc., a master homeowners' foundation. The foundation's documents provide for three classes of membership. Class a members are owners of residential property and are entitled to one vote for each property owned. In accordance wih the foundation's governing documents, the class b member and developer was entitled to 6000 votes. Class b membership ceased and terminated on january 1, 2020. Class c members are limited members who have not consented to become full members of the foundation and are entitled to vote on limited matters.”

“Members are owners of residential property and are entitled to one vote per property. Class c members are limited members.”

“Members have limited ability to approve decisions of the governing body. Members do not have the right to approve the daily business of the board. The only other meeting at which members may cast a vote is at the annual meeting. Members may not otherwise vote at the regular bi-monthly board meetings.”

“The audit and finance committees of the foundation meet to review the form 990 in detail and make recommendations for reporting changes to the board and the return preparer.”

“The foundation has implemented a conflict of interest policy and reviews it annually upon election of the board.”

“All employees are employed by a third party management company. The board authorizes an overall percentage increase for the management company employees providing services to the foundation. Annually, the board reviews performance of the management company employees, which is in turn is used as a basis for determining salary increases. This includes the foundation's executive director, who is an employee of the management company.”

“There are no longer any key employees as the executive director is an employee of the third-party management company. Officers do not receive any compensation for their services.”

“In addition to being on the internal revenue website for non profit organizations, the foundation makes the annual form 990 available to the public upon request at the foundation office.”

“Utilities 132,406 0 0 facilities maintenance 64,085 0 0 vehicle expense 49,228 0 0 supplies 41,817 0 0 other expenses 0 30,887 0 southridge center project 28,943 0 0 homeowner activities 15,721 0 0 retaining walls 14,628 0 0 miscellaneous 10,406 0 0 street paving 7,695 0 0 wood steps 359 0 0 total 365,288 30,887 0”