Civic Intelligence

Summit Community Association

990 • Fiscal year 2021 • EIN 33-0400250

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 12, 2022

Organization ProfileN/A
15241 Laguna Canyon RoadIrvine, CA 92618

(949) 448-6000

Siviq Scores

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

Liabilities / Assets

38th percentile

0.03x

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

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.12x

Higher debt load relative to revenue than 47% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Net Margin

51st percentile

14%

Higher net margin than 51% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

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

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Asset Growth

46th percentile

6.0%

Faster asset growth than 46% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

30th percentile

-2.2%

Faster revenue growth than 30% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$6,782,195

Up $386,905 (+6.0%) from 2020

Net Assets

Up

$6,549,093

Up $267,607 (+4.3%) from 2020

Liabilities

Up

$233,102

Up $119,298 (+105%) from 2020

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin51st percentile

Revenue

Down

$1,877,188

Down $41,755 (-2.2%) from 2020

Expenses

Down

$1,609,581

Down $81,785 (-4.8%) from 2020

Net Income

Up

$267,607

Up $40,030 (+18%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $6,395,290Liabilities 2020: $113,804Net Assets 2020: $6,281,4862020Assets 2021: $6,782,195Liabilities 2021: $233,102Net Assets 2021: $6,549,0932021Assets 2022: $6,860,425Liabilities 2022: $137,556Net Assets 2022: $6,722,8692022Assets 2023: $7,326,584Liabilities 2023: $191,255Net Assets 2023: $7,135,3292023Assets 2024: $7,773,212Liabilities 2024: $170,504Net Assets 2024: $7,602,7082024

Highlighted filing

2021

Assets$6,782,195
Liabilities$233,102
Net Assets$6,549,093
Open 2021 Filing

Operations Trend

Revenue Growth30th percentile

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

$3.0M$2.0M$1.0M$0Revenue 2020: $1,918,943Expenses 2020: $1,691,366Net Income 2020: $227,5772020Revenue 2021: $1,877,188Expenses 2021: $1,609,581Net Income 2021: $267,6072021Revenue 2022: $2,020,656Expenses 2022: $1,846,880Net Income 2022: $173,7762022Revenue 2023: $2,220,314Expenses 2023: $1,807,854Net Income 2023: $412,4602023Revenue 2024: $2,252,403Expenses 2024: $1,785,024Net Income 2024: $467,3792024

Highlighted filing

2021

Revenue$1,877,188
Expenses$1,609,581
Net Income$267,607
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 12, 2022
Return Version
2021v4.2
Gross Receipts
$1,877,188
Mission and Program Overview

Mission

Social improvements by providing for the preservation of the architecture and appearance of the community, and by owning, operating, and maintaining the properties for use of all residents in the entire community on certain real property located in anaheim hills, california. Among the general purposes is to promote the common good, health, safety, and general welfare of all residents within the community. The population of the association is approximately 3,700. No grants are provided to others. The association owns and maintains common areas surrounding a community park and horse trails. All facilities are available to residents and their guests on an unrestricted basis.

The association is obligated to maintain landscaping and common areas and parks accessible to the community and the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,253,893$6,565,334▲ $311,441
Cash and Non-Interest-Bearing Accounts$109,816$187,473▲ $77,657
Accounts Receivable$20,849$17,428▼ $3,421
Prepaid Expenses and Deferred Charges$10,732$11,960▲ $1,228
Total Assets$6,395,290$6,782,195▲ $386,905
Liabilities
Accounts Payable and Accrued Expenses$50,062$162,857▲ $112,795
Deferred Revenue$63,742$64,815▲ $1,073
Other Liabilities$0$5,430▲ $5,430
Total Liabilities$113,804$233,102▲ $119,298
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,826,679$5,060,521▲ $233,842
Net Assets Without Donor Restrictions$1,454,807$1,488,572▲ $33,765
Total Net Assets Fund Balance$6,281,486$6,549,093▲ $267,607
Total Liabilities and Net Assets / Fund Balance$6,395,290$6,782,195▲ $386,905
Compensation and Service Providers
Top Officer Pay43rd percentile

Board Members and Trustees

NameTitle
Roger ConnerPresident
Stephen BekoMember at Large
Janis L MantiniSecretary
Lawrence DickTreasurer
Ward DennisV.p.

Highest Paid Contractors

ContractorServicesLocationCompensation
O'connell LandscapeMonthly Landscape Service23091 ARROYO VISTA, Rsm, CA 92688$754,830
Firstservice ResidentialMonthly Management & Admin. Support15241 LAGUNA CANYON ROAD, Irvine, CA 92618$142,536
Revenue and Support

Revenue Composition

Contributions and Grants
$1,791,600
Program Service Revenue
$0
Investment Income
$46,564
Other Revenue
$39,024
Change in Net Assets
$267,607

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,643,346
Revenue Not Reported on Financial Statements
$233,842
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$233,842
Total Revenue per Audited Statements
$1,643,346
Total Revenue per Form 990
$1,877,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,609,581
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
All Other Expenses$115,426$5,430-$120,856
Fees for Services Management-$111,097-$111,097
Other Expenses$70,748$77,980-$70,748
Insurance-$44,892-$44,892
Fees for Services Legal-$16,011-$16,011
Fees for Services Accounting-$2,248-$2,248
Total Functional Expenses$1,351,923$257,658$0$1,609,581

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,609,581
Total Expenses per Audited Statements$1,609,581
Total Expenses per Form 990$1,609,581
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
Income Taxes Payable$5,430
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The association used the services of merit property management (from sept. 2010 to present) to handle day to day operations of the development including collections, bill payments, homeowner assistance, etc. The board has the ultimate responsibility for authorizing payments, selecting vendors, and approving the budget.”

Form 990, Part VI, Section A, Line 6

“Upon purchase of a home with the development, each owner becomes a member of the association.”

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

“The board of directors are voted upon by the membership at an annual meeting which requires a quorum of 50% of the 1,493 voting members. Board members serve a 2 year term and come up for election in alternating cycles.”

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

“Dues increases in excess of the 20% allowed by the davis-sterling act are subject to approval of the membership. Special assessments in excess of 5% of the budget are also subject to membership approval.”

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

“Upon preparation, a copy of form 990 is provided to the association's board of directors for review. Upon approval, the board's treasurer signs the return as board representative and mails the form to the ogden, ut processing center.”

Form 990, Part VI, Section B, Line 12C

“The association retains the services of a management company to monitor board activity and document the minutes of the board meetings. The management company provides the membership with candidate information in conjunction with election meetings.”

Form 990, Part VI, Section C, Line 19

“Upon purchase of a home within the development, each owner receives a copy of the association's governing documents through escrow. Copies of the conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Summit Community Association
EIN
33-0400250
Phone
9494486000
Address
15241 LAGUNA CANYON ROAD, IRVINE, CA 92618

Signing Officer

Name
Majid Maleki
Title
President
Phone
9494486000
Signed
2022-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger Conner
Formed
1989
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Owens Moskowitz and Associates Inc
Address
27792 EL LAZO, LAGUNA NIGUEL, CA 92677
Preparer
Robert a Owens CPA
Phone
9498515020
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Change in deferred assessments per fasb 606”

Raw XML Appendix348 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt050062
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0162857
IRS990/AccountsReceivableGrp/BOYAmt020849
IRS990/AccountsReceivableGrp/EOYAmt017428
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ASSOCIATION IS OBLIGATED TO MAINTAIN LANDSCAPING AND COMMON AREAS AND PARKS ACCESSIBLE TO THE COMMUNITY AND THE GENERAL PUBLIC.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt05430
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0115426
IRS990/AllOtherExpensesGrp/TotalAmt0120856
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0FIRSTSERVICE RESIDENTIAL
IRS990/BooksInCareOfDetail/PhoneNum09494486000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt015241 LAGUNA CANYON ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0IRVINE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd092618
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0109816
IRS990/CashNonInterestBearingGrp/EOYAmt0187473
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0754830
IRS990/ContractorCompensationGrp/CompensationAmt1142536
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt023091 ARROYO VISTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt115241 LAGUNA CANYON ROAD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0RSM
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1IRVINE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd092688
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd192618
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0O'CONNELL LANDSCAPE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1FIRSTSERVICE RESIDENTIAL
IRS990/ContractorCompensationGrp/ServicesDesc0MONTHLY LANDSCAPE SERVICE
IRS990/ContractorCompensationGrp/ServicesDesc1MONTHLY MANAGEMENT & ADMIN. SUPPORT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01791600
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt046564
IRS990/CYOtherExpensesAmt01609581
IRS990/CYOtherRevenueAmt039024
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0267607
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01609581
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01877188
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt063742
IRS990/DeferredRevenueGrp/EOYAmt064815
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0SEE SCHEDULE O
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt04826679
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt05060521
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01351923
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02248
IRS990/FeesForServicesAccountingGrp/TotalAmt02248
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt016011
IRS990/FeesForServicesLegalGrp/TotalAmt016011
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0111097
IRS990/FeesForServicesManagementGrp/TotalAmt0111097
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ROGER CONNER
IRS990/Form990PartVIISectionAGrp/PersonNm1WARD DENNIS
IRS990/Form990PartVIISectionAGrp/PersonNm2JANIS L MANTINI
IRS990/Form990PartVIISectionAGrp/PersonNm3LAWRENCE DICK
IRS990/Form990PartVIISectionAGrp/PersonNm4STEPHEN BEKO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1V.P.
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER AT LARGE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01877188
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt044892
IRS990/InsuranceGrp/TotalAmt044892
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt046564
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt046564
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt01791600
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY, AND BY OWNING, OPERATING, AND MAINTAINING THE PROPERTIES FOR USE OF ALL RESIDENTS IN THE ENTIRE COMMUNITY ON CERTAIN REAL PROPERTY LOCATED IN ANAHEIM HILLS, CALIFORNIA. AMONG THE GENERAL PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL RESIDENTS WITHIN THE COMMUNITY. THE POPULATION OF THE ASSOCIATION IS APPROXIMATELY 3,700. NO GRANTS ARE PROVIDED TO OTHERS. THE ASSOCIATION OWNS AND MAINTAINS COMMON AREAS SURROUNDING A COMMUNITY PARK AND HORSE TRAILS. ALL FACILITIES ARE AVAILABLE TO RESIDENTS AND THEIR GUESTS ON AN UNRESTRICTED BASIS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06281486
IRS990/NetAssetsOrFundBalancesEOYAmt06549093
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01454807
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01488572
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LANDSCAPE
IRS990/OtherExpensesGrp/Desc1WATER
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3ELECTRICITY
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt077980
IRS990/OtherExpensesGrp/ProgramServicesAmt0834688
IRS990/OtherExpensesGrp/ProgramServicesAmt1331061
IRS990/OtherExpensesGrp/ProgramServicesAmt270748
IRS990/OtherExpensesGrp/TotalAmt0834688
IRS990/OtherExpensesGrp/TotalAmt1331061
IRS990/OtherExpensesGrp/TotalAmt277980
IRS990/OtherExpensesGrp/TotalAmt370748
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt05430
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030713
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt18311
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030713
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18311
IRS990/OtherRevenueTotalAmt039024
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010732
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011960
IRS990/PrincipalOfficerNm0ROGER CONNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01791600
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt098543
IRS990/PYOtherExpensesAmt01691366
IRS990/PYOtherRevenueAmt028800
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0227577
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01691366
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01918943
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0267607
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06253893
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06565334
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01609581
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INCOME TAXES PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0233842
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0233842
IRS990ScheduleD/RevenueSubtotalAmt01643346
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN DEFERRED ASSESSMENTS PER FASB 606
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01609581
IRS990ScheduleD/TotalLiabilityAmt05430
IRS990ScheduleD/TotalRevenuePerForm990Amt01877188
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01643346
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01609581
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION USED THE SERVICES OF MERIT PROPERTY MANAGEMENT (FROM SEPT. 2010 TO PRESENT) TO HANDLE DAY TO DAY OPERATIONS OF THE DEVELOPMENT INCLUDING COLLECTIONS, BILL PAYMENTS, HOMEOWNER ASSISTANCE, ETC. THE BOARD HAS THE ULTIMATE RESPONSIBILITY FOR AUTHORIZING PAYMENTS, SELECTING VENDORS, AND APPROVING THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON PURCHASE OF A HOME WITH THE DEVELOPMENT, EACH OWNER BECOMES A MEMBER OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE VOTED UPON BY THE MEMBERSHIP AT AN ANNUAL MEETING WHICH REQUIRES A QUORUM OF 50% OF THE 1,493 VOTING MEMBERS. BOARD MEMBERS SERVE A 2 YEAR TERM AND COME UP FOR ELECTION IN ALTERNATING CYCLES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES INCREASES IN EXCESS OF THE 20% ALLOWED BY THE DAVIS-STERLING ACT ARE SUBJECT TO APPROVAL OF THE MEMBERSHIP. SPECIAL ASSESSMENTS IN EXCESS OF 5% OF THE BUDGET ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON PREPARATION, A COPY OF FORM 990 IS PROVIDED TO THE ASSOCIATION'S BOARD OF DIRECTORS FOR REVIEW. UPON APPROVAL, THE BOARD'S TREASURER SIGNS THE RETURN AS BOARD REPRESENTATIVE AND MAILS THE FORM TO THE OGDEN, UT PROCESSING CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION RETAINS THE SERVICES OF A MANAGEMENT COMPANY TO MONITOR BOARD ACTIVITY AND DOCUMENT THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT COMPANY PROVIDES THE MEMBERSHIP WITH CANDIDATE INFORMATION IN CONJUNCTION WITH ELECTION MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER RECEIVES A COPY OF THE ASSOCIATION'S GOVERNING DOCUMENTS THROUGH ESCROW. COPIES OF THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE 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 A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06395290
IRS990/TotalAssetsEOYAmt06782195
IRS990/TotalAssetsGrp/BOYAmt06395290
IRS990/TotalAssetsGrp/EOYAmt06782195
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01791600
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0257658
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01351923
IRS990/TotalFunctionalExpensesGrp/TotalAmt01609581
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0113804
IRS990/TotalLiabilitiesEOYAmt0233102
IRS990/TotalLiabilitiesGrp/BOYAmt0113804
IRS990/TotalLiabilitiesGrp/EOYAmt0233102
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06281486
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06549093
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01351923
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt085588
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01877188
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06395290
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06782195
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015241 LAGUNA CANYON ROAD
IRS990/USAddress/CityNm0IRVINE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092618
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MAJID MALEKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09494486000
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT COMMUNITY ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O FIRSTSERVICE RESIDENTIAL
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0330400250
ReturnHeader/Filer/PhoneNum09494486000
ReturnHeader/Filer/USAddress/AddressLine1Txt015241 LAGUNA CANYON ROAD
ReturnHeader/Filer/USAddress/CityNm0IRVINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092618
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330244756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OWENS MOSKOWITZ AND ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027792 EL LAZO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAGUNA NIGUEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092677
ReturnHeader/PreparerPersonGrp/PhoneNum09498515020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT A OWENS CPA
ReturnHeader/ReturnTs02022-04-16T15:15:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MAJID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MALEKI
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,782,195
Liabilities
$233,102
Net assets
$6,549,093
Revenue
$1,877,188
Expenses
$1,609,581
Net income
$267,607
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.77$0.17$7.60$2.25$1.79$0.47
2023Detailed filing. Detailed filing data is available for this year.$7.33$0.19$7.14$2.22$1.81$0.41
2022Detailed filing. Detailed filing data is available for this year.$6.86$0.14$6.72$2.02$1.85$0.17
2021Detailed filing. Detailed filing data is available for this year.$6.78$0.23$6.55$1.88$1.61$0.27
2020Detailed filing. Detailed filing data is available for this year.$6.40$0.11$6.28$1.92$1.69$0.23