Civic Intelligence

Layton Lakes Community Association

990 • Fiscal year 2020 • EIN 26-1144708

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileLAYTONLAKESCA.ORG
1600 W Broadway Road Ste 200Tempe, AZ 85282

(602) 957-9191

Siviq Scores

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

Liabilities / Assets

64th percentile

0.15x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.13x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Net Margin

26th percentile

-3.2%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets64th percentile

Assets

$2,288,985

No earlier filing loaded for comparison.

Net Assets

$1,949,258

No earlier filing loaded for comparison.

Liabilities

$339,727

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin26th percentile

Revenue

$2,607,528

No earlier filing loaded for comparison.

Expenses

$2,689,980

No earlier filing loaded for comparison.

Net Income

-$82,452

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Assets 2020: $2,288,985Liabilities 2020: $339,727Net Assets 2020: $1,949,2582020Assets 2021: $2,901,720Liabilities 2021: $413,518Net Assets 2021: $2,488,2022021Assets 2022: $3,169,422Liabilities 2022: $409,344Net Assets 2022: $2,760,0782022Assets 2023: $3,605,854Liabilities 2023: $433,710Net Assets 2023: $3,172,1442023Assets 2024: $4,227,731Liabilities 2024: $474,615Net Assets 2024: $3,753,1162024

Highlighted filing

2020

Assets$2,288,985
Liabilities$339,727
Net Assets$1,949,258
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $2,607,528Expenses 2020: $2,689,980Net Income 2020: -$82,4522020Revenue 2021: $2,672,306Expenses 2021: $2,133,362Net Income 2021: $538,9442021Revenue 2022: $2,979,616Expenses 2022: $2,707,740Net Income 2022: $271,8762022Revenue 2023: $3,053,517Expenses 2023: $2,641,451Net Income 2023: $412,0662023Revenue 2024: $3,164,914Expenses 2024: $2,583,942Net Income 2024: $580,9722024

Highlighted filing

2020

Revenue$2,607,528
Expenses$2,689,980
Net Income-$82,452
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$2,607,528
Mission and Program Overview

Mission

The association works to embody, reflect, and carry forward the general design and goals of the community and to take such actions as it deems necessary to accomplish these goals. Going beyond the physical development and preservation of the land, the association is to perpetuate the sense of community life and spirit and to be responsibble for and involved in programs and activities which contribute postively to its residents and to the region of which it is a part.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,031,710$1,949,258▼ $82,452
Cash and Non-Interest-Bearing Accounts$1,084,455$1,518,485▲ $434,030
Investments Other Securities$1,247,205$770,000▼ $477,205
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,332,160$2,288,985▼ $43,175
Other Assets Total$500$500→ $0
Liabilities
Deferred Revenue$300,050$339,652▲ $39,602
Accounts Payable and Accrued Expenses$400$0▼ $400
Other Liabilities$0$75▲ $75
Total Liabilities$300,450$339,727▲ $39,277
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,031,710$1,949,258▼ $82,452
Total Liabilities and Net Assets / Fund Balance$2,332,160$2,288,985▼ $43,175

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$770,000--
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
James LesueurPresident
Krista BilstenVice President
Marshall ReichertDirector
Pat EnglishDirector
Srini MocharlaDirector
Al BlodgettSecretary
Mark TessierTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Associated Asset Management LLCManagement Services1600 W BROADWAY RD, Tempe, AZ 85282$182,751
Maximum Splash LLCPool ServicesPO BOX 10157, Glendale, AZ 85318$104,324
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,576,312
Investment Income
$31,216
Other Revenue
$0
Change in Net Assets
$-82,452

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,607,528
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,607,528
Total Revenue per Form 990
$2,607,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,689,980
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$245,661--$245,661
All Other Expenses$51,226$52,211-$103,437
Office Expenses-$25,693-$25,693
Insurance$18,410--$18,410
Fees for Services Legal$12,955--$12,955
Fees for Services Accounting-$1,540-$1,540
Total Functional Expenses$2,610,536$79,444$0$2,689,980

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,689,980
Total Expenses per Audited Statements$2,689,980
Total Expenses per Form 990$2,689,980
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Collection Fees Payable$75
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The association has obtained the services of a residential property management company to manage the affairs of the association.”

Form 990, Part VI, Section A, Line 6

“Each unit owner within the homeowners association is a member of the organization.”

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

“Homeowners elect officers and board members for the association.”

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

“The governing body is provided a copy of the form 990 for review and signature before it is filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes the information contained in line 19 available to the public at the offices of its managing agent upon request. It is made available to members upon request.”

Filing and Contact Details

Filer

Filer Name
Layton Lakes Community Association
EIN
26-1144708
Phone
6029579191
Address
1600 W BROADWAY ROAD STE 200, TEMPE, AZ 85282

Signing Officer

Name
James Lesueur
Title
President
Phone
6029579191
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Lesueur
Formed
2006
Legal Domicile
Az
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
10

Preparer

Firm
Butler Hansen Plc
Address
1734 EAST BOSTON STREET STE 101, GILBERT, AZ 85295
Preparer
Paul E Hansen CPA
Phone
4804971250
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The association accounts for uncertain tax positions, if any, in accordance with fasb accounting standards codification section 740. In accordance with these professional standards, the association recognizes tax positions only to the extent that management believes it is "more likely than not" that its tax positions will be sustained upon examination by taxing authorities. Management believes that is has no uncertain tax position for the year ending december 31, 2020. The association believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the association's financial condition, net income or cash flows. Accordingly, the association has not recorded any reserves, or related accruals for interest and penalties for uncertain tax provisions at december 31, 2020. The association is subject to routine audits by taxing jurisdictions; however, there are no audits currently in progress for any tax periods. The association believes it is no longer subject to income tax examinations by u.s. Federal tax authorities for years before 2018, or by arizona state tax authorities for years before 2017.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS, IF ANY, IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION SECTION 740. IN ACCORDANCE WITH THESE PROFESSIONAL STANDARDS, THE ASSOCIATION RECOGNIZES TAX POSITIONS ONLY TO THE EXTENT THAT MANAGEMENT BELIEVES IT IS "MORE LIKELY THAN NOT" THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT IS HAS NO UNCERTAIN TAX POSITION FOR THE YEAR ENDING DECEMBER 31, 2020. THE ASSOCIATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ASSOCIATION'S FINANCIAL CONDITION, NET INCOME OR CASH FLOWS. ACCORDINGLY, THE ASSOCIATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN TAX PROVISIONS AT DECEMBER 31, 2020. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS CURRENTLY IN PROGRESS FOR ANY TAX PERIODS. THE ASSOCIATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL TAX AUTHORITIES FOR YEARS BEFORE 2018, OR BY ARIZONA STATE TAX AUTHORITIES FOR YEARS BEFORE 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueSecuritiesAmt0770000
IRS990ScheduleD/TotalExpensesPerForm990Amt02689980
IRS990ScheduleD/TotalLiabilityAmt075
IRS990ScheduleD/TotalRevenuePerForm990Amt02607528
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02607528
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02689980
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION HAS OBTAINED THE SERVICES OF A RESIDENTIAL PROPERTY MANAGEMENT COMPANY TO MANAGE THE AFFAIRS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH UNIT OWNER WITHIN THE HOMEOWNERS ASSOCIATION IS A MEMBER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HOMEOWNERS ELECT OFFICERS AND BOARD MEMBERS FOR THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY IS PROVIDED A COPY OF THE FORM 990 FOR REVIEW AND SIGNATURE BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES THE INFORMATION CONTAINED IN LINE 19 AVAILABLE TO THE PUBLIC AT THE OFFICES OF ITS MANAGING AGENT UPON REQUEST. IT IS MADE AVAILABLE TO MEMBERS UPON REQUEST.
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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02332160
IRS990/TotalAssetsEOYAmt02288985
IRS990/TotalAssetsGrp/BOYAmt02332160
IRS990/TotalAssetsGrp/EOYAmt02288985
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt079444
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02610536
IRS990/TotalFunctionalExpensesGrp/TotalAmt02689980
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0300450
IRS990/TotalLiabilitiesEOYAmt0339727
IRS990/TotalLiabilitiesGrp/BOYAmt0300450
IRS990/TotalLiabilitiesGrp/EOYAmt0339727
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02031710
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01949258
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02610536
IRS990/TotalProgramServiceRevenueAmt02576312
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt031216
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02576312
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02607528
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02332160
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02288985
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01600 W BROADWAY ROAD STE 200
IRS990/USAddress/CityNm0TEMPE
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085282
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0LAYTONLAKESCA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES LESUEUR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06029579191
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAYTON LAKES COMMUNITY ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LAYT
ReturnHeader/Filer/EIN0261144708
ReturnHeader/Filer/PhoneNum06029579191
ReturnHeader/Filer/USAddress/AddressLine1Txt01600 W BROADWAY ROAD STE 200
ReturnHeader/Filer/USAddress/CityNm0TEMPE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085282
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0860842863
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUTLER HANSEN PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01734 EAST BOSTON STREET STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GILBERT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085295
ReturnHeader/PreparerPersonGrp/PhoneNum04804971250
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL E HANSEN CPA
ReturnHeader/ReturnTs02021-11-15T12:56:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LESUEUR
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,288,985
Liabilities
$339,727
Net assets
$1,949,258
Revenue
$2,607,528
Expenses
$2,689,980
Net income
-$82,452
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$0.47$3.75$3.16$2.58$0.58
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$0.43$3.17$3.05$2.64$0.41
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$0.41$2.76$2.98$2.71$0.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.90$0.41$2.49$2.67$2.13$0.54
2020Detailed filing. Detailed filing data is available for this year.$2.29$0.34$1.95$2.61$2.69$0.08