Civic Intelligence

Foothills Reserve Master Owners'

990 • Fiscal year 2019 • EIN 48-1260769

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization ProfileWWW.FOOTHILLSRESERVE.ORG
1600 West Broadway Rd 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

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

52nd percentile

0.11x

Higher debt load relative to revenue than 52% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Net Margin

1st percentile

-221%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

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

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Asset Growth

9th percentile

-12%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$4,619,420

Down $642,035 (-12%) from 2018

Net Assets

Down

$4,587,622

Down $639,350 (-12%) from 2018

Liabilities

Down

$31,798

Down $2,685 (-7.8%) from 2018

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin1st percentile

Revenue

Down

$289,684

Down $5,080,423 (-95%) from 2018

Expenses

Up

$929,034

Up $561,598 (+153%) from 2018

Net Income

Down

-$639,350

Down $5,642,021 (-113%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$6.0M$4.0M$2.0M$0Assets 2017: $224,301Liabilities 2017: $0Net Assets 2017: $224,3012017Assets 2018: $5,261,455Liabilities 2018: $34,483Net Assets 2018: $5,226,9722018Assets 2019: $4,619,420Liabilities 2019: $31,798Net Assets 2019: $4,587,6222019Assets 2020: $4,030,393Liabilities 2020: $33,051Net Assets 2020: $3,997,3422020Assets 2021: $3,814,251Liabilities 2021: $24,679Net Assets 2021: $3,789,5722021Assets 2022: $4,734,296Liabilities 2022: $987,493Net Assets 2022: $3,746,8032022Assets 2023: $4,387,350Liabilities 2023: $655,424Net Assets 2023: $3,731,9262023Assets 2024: $3,988,947Liabilities 2024: $679,994Net Assets 2024: $3,308,9532024

Highlighted filing

2019

Assets$4,619,420
Liabilities$31,798
Net Assets$4,587,622
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $272,538Expenses 2017: $220,241Net Income 2017: $52,2972017Revenue 2018: $5,370,107Expenses 2018: $367,436Net Income 2018: $5,002,6712018Revenue 2019: $289,684Expenses 2019: $929,034Net Income 2019: -$639,3502019Revenue 2020: $354,894Expenses 2020: $945,174Net Income 2020: -$590,2802020Revenue 2021: $307,886Expenses 2021: $515,636Net Income 2021: -$207,7502021Revenue 2022: $340,312Expenses 2022: $383,081Net Income 2022: -$42,7692022Revenue 2023: $326,713Expenses 2023: $356,657Net Income 2023: -$29,9442023Revenue 2024: $400,511Expenses 2024: $823,484Net Income 2024: -$422,9732024

Highlighted filing

2019

Revenue$289,684
Expenses$929,034
Net Income-$639,350
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$289,684
Mission and Program Overview

Mission

To protect and maintain the overall aesthetics of the community and to provide recreational activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$5,226,972$4,587,622▼ $639,350
Cash and Non-Interest-Bearing Accounts$5,118,580$3,121,470▼ $1,997,110
Investments Other Securities-$1,334,000-
Savings and Temporary Cash Investments$142,875$163,950▲ $21,075
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,261,455$4,619,420▼ $642,035
Other Assets Total-$0-
Liabilities
Deferred Revenue-$31,648-
Accounts Payable and Accrued Expenses$34,483$150▼ $34,333
Total Liabilities$34,483$31,798▼ $2,685
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,226,972$4,587,622▼ $639,350
Total Liabilities and Net Assets / Fund Balance$5,261,455$4,619,420▼ $642,035
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Galen SchliemPresident
Randy GallagherVice President
Charissa MccarronDirector
Timothy EullDirector
Kellie HustonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$256,267
Investment Income
$33,417
Other Revenue
$0
Change in Net Assets
$-639,350

Audited Revenue Reconciliation

Revenue per Audited Statements
$289,684
Total Revenue per Audited Statements
$289,684
Total Revenue per Form 990
$289,684
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$929,034
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
Fees for Services Legal-$39,698-$39,698
All Other Expenses$8,371$150-$8,521
Other Expenses$8,274--$8,274
Insurance$7,971--$7,971
Total Functional Expenses$889,186$39,848$0$929,034

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$929,034
Total Expenses per Audited Statements$929,034
Total Expenses per Form 990$929,034
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

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

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Elections for new member of the governing board are conducted on an annual basis in accordance with the associations organizational documents.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Any substantial changes to the organizational documents are approved by the general membership of the community.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The association makes its governing documents, conflict of interest policy and financial statements available through its onsite adminstrative office. No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Foothills Reserve Master Owners
EIN
48-1260769
Phone
6029579191
Address
1600 WEST BROADWAY RD STE 200, TEMPE, AZ 85282

Signing Officer

Name
Galen Schliem
Title
President
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Galen Schliem
Formed
2000
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
9

Preparer

Firm
Butler Hansen PC
Address
1734 E Boston St Ste 101, Gilbert, AZ 85295
Preparer
Paul E Hansen CPA
Phone
4804971250
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“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 irs examination. Management believes that it has no uncertain tax position for the year ending december 31, 2019.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 or net income. Accordingly, the association has not recorded any reserves, or related accruals for interest and penalties for uncertaintax provisions at december 31, 2019.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 2017, or by arizona state tax authorities for years before 2016.”

Raw XML Appendix350 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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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 IRS EXAMINATION. MANAGEMENT BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITION FOR THE YEAR ENDING DECEMBER 31, 2019.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 OR NET INCOME. ACCORDINGLY, THE ASSOCIATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAINTAX PROVISIONS AT DECEMBER 31, 2019.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 2017, OR BY ARIZONA STATE TAX AUTHORITIES FOR YEARS BEFORE 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueSecuritiesAmt01334000
IRS990ScheduleD/TotalExpensesPerForm990Amt0929034
IRS990ScheduleD/TotalRevenuePerForm990Amt0289684
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0289684
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0929034
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH UNIT OWNER WITHIN THE HOMEOWNERS ASSOCIATION IS A MEMBER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTIONS FOR NEW MEMBER OF THE GOVERNING BOARD ARE CONDUCTED ON AN ANNUAL BASIS IN ACCORDANCE WITH THE ASSOCIATIONS ORGANIZATIONAL DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY SUBSTANTIAL CHANGES TO THE ORGANIZATIONAL DOCUMENTS ARE APPROVED BY THE GENERAL MEMBERSHIP OF THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE THROUGH ITS ONSITE ADMINSTRATIVE OFFICE. NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt04619420
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IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039848
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0889186
IRS990/TotalFunctionalExpensesGrp/TotalAmt0929034
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt034483
IRS990/TotalLiabilitiesEOYAmt031798
IRS990/TotalLiabilitiesGrp/BOYAmt034483
IRS990/TotalLiabilitiesGrp/EOYAmt031798
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05226972
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04587622
IRS990/TotalProgramServiceExpensesAmt0889186
IRS990/TotalProgramServiceRevenueAmt0256267
IRS990/TotalRevenueGrp/ExclusionAmt033417
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0256267
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0289684
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05261455
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04619420
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01600 WEST BROADWAY RD STE 200
IRS990/USAddress/CityNm0TEMPE
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085282
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FOOTHILLSRESERVE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GALEN SCHLIEM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOOTHILLS RESERVE MASTER OWNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FOOT
ReturnHeader/Filer/EIN0481260769
ReturnHeader/Filer/PhoneNum06029579191
ReturnHeader/Filer/USAddress/AddressLine1Txt01600 WEST BROADWAY RD STE 200
ReturnHeader/Filer/USAddress/CityNm0TEMPE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085282
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0860842863
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Butler Hansen PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01734 E Boston St Ste 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Gilbert
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085295
ReturnHeader/PreparerPersonGrp/PhoneNum04804971250
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Paul E Hansen CPA
ReturnHeader/ReturnTs02020-11-16T13:24:18-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,619,420
Liabilities
$31,798
Net assets
$4,587,622
Revenue
$289,684
Expenses
$929,034
Net income
-$639,350
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.99$0.68$3.31$0.40$0.82$0.42
2023Detailed filing. Detailed filing data is available for this year.$4.39$0.66$3.73$0.33$0.36$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.73$0.99$3.75$0.34$0.38$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.81$0.02$3.79$0.31$0.52$0.21
2020Detailed filing. Detailed filing data is available for this year.$4.03$0.03$4.00$0.35$0.95$0.59
2019Detailed filing. Detailed filing data is available for this year.$4.62$0.03$4.59$0.29$0.93$0.64
2018Detailed filing. Detailed filing data is available for this year.$5.26$0.03$5.23$5.37$0.37$5.00
2017Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.27$0.22$0.05