Civic Intelligence

Foothills Reserve Master Owners'

990 • Fiscal year 2020 • EIN 48-1260769

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

Organization ProfileWWW.FOOTHILLSRESERVE.ORG
16625 S Desert Foothills ParkwayPhoenix, AZ 85048

(480) 759-4945

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

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

Liabilities / Revenue

50th percentile

0.09x

Higher debt load relative to revenue than 50% of similar nonprofits.

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

Net Margin

2nd percentile

-166%

Higher net margin than 2% 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

8th percentile

-13%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

78th percentile

23%

Faster revenue growth than 78% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$4,030,393

Down $589,027 (-13%) from 2019

Net Assets

Down

$3,997,342

Down $590,280 (-13%) from 2019

Liabilities

Up

$33,051

Up $1,253 (+3.9%) from 2019

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin2nd percentile

Revenue

Up

$354,894

Up $65,210 (+23%) from 2019

Expenses

Up

$945,174

Up $16,140 (+1.7%) from 2019

Net Income

Up

-$590,280

Up $49,070 (+7.7%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2020

Assets$4,030,393
Liabilities$33,051
Net Assets$3,997,342
Open 2020 Filing

Operations Trend

Revenue Growth78th 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

2020

Revenue$354,894
Expenses$945,174
Net Income-$590,280
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
$354,894
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$4,587,622$3,997,342▼ $590,280
Cash and Non-Interest-Bearing Accounts$3,121,470$2,511,088▼ $610,382
Investments Other Securities$1,334,000$1,334,000→ $0
Savings and Temporary Cash Investments$163,950$184,997▲ $21,047
Other Notes and Loans Receivable, Net-$308-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$4,619,420$4,030,393▼ $589,027
Liabilities
Deferred Revenue$31,648$33,051▲ $1,403
Accounts Payable and Accrued Expenses$150$0▼ $150
Total Liabilities$31,798$33,051▲ $1,253
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,587,622$3,997,342▼ $590,280
Total Liabilities and Net Assets / Fund Balance$4,619,420$4,030,393▼ $589,027

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,334,000--
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Karena WillsonPresident
Galen SchliemDirector
Randy GallagherDirector
Tim EullDirector
Andrew AbrahamTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Stillwater LandscapeLandscaping4102 E ELWOOD ST, Phoenix, AZ 85040$219,760
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$261,400
Investment Income
$43,494
Other Revenue
$50,000
Change in Net Assets
$-590,280

Audited Revenue Reconciliation

Revenue per Audited Statements
$354,894
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$354,894
Total Revenue per Form 990
$354,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$945,174
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$46,201--$46,201
Occupancy$25,215--$25,215
Other Expenses$80,146$17,549-$17,549
Office Expenses-$14,384-$14,384
Insurance-$9,135-$9,135
Fees for Services Accounting$4,700--$4,700
Total Functional Expenses$904,106$41,068$0$945,174

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$945,174
Total Expenses per Audited Statements$945,174
Total Expenses per Form 990$945,174
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 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 A, Line 7B

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

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

Filing and Contact Details

Filer

Filer Name
FOOTHILLS RESERVE MASTER OWNERS'
EIN
48-1260769
Phone
4807594945
Address
16625 S DESERT FOOTHILLS PARKWAY, PHOENIX, AZ 85048

Signing Officer

Name
Karena Willson
Title
President
Phone
4807594945
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karena Willson
Formed
2000
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

FORM 990, PART XII, LINE 1:

“The taxpayer uses the modified cash accounting method.”

FORM 990, PART XII, LINE 2C:

“No change from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation accounts for uncertain tax positions, if any, in accordance with fasb accounting standards codification section 740. In accordance with these professional standards, the corporation 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 it has no uncertain tax position for the year ending december 31, 2020. The corporation 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 corporation's financial condition, net income or cash flows. Accordingly, the corporation has not recorded any reserves, or related accruals for interest and penalties for uncertain tax provisions at december 31, 2020. The corporation is subject to routine audits by taxing jurisdictions; however, there are no audits currently in progress for any tax periods. The corporation 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.”

Raw XML Appendix344 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS, IF ANY, IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION SECTION 740. IN ACCORDANCE WITH THESE PROFESSIONAL STANDARDS, THE CORPORATION 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 IT HAS NO UNCERTAIN TAX POSITION FOR THE YEAR ENDING DECEMBER 31, 2020. THE CORPORATION 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 CORPORATION'S FINANCIAL CONDITION, NET INCOME OR CASH FLOWS. ACCORDINGLY, THE CORPORATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN TAX PROVISIONS AT DECEMBER 31, 2020. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS CURRENTLY IN PROGRESS FOR ANY TAX PERIODS. THE CORPORATION 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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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/ExplanationTxt3ANY SUBSTANTIAL CHANGES TO THE ORGANIZATIONAL DOCUMENTS ARE APPROVED BY THE GENERAL MEMBERSHIP OF THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING BODY IS PROVIDED A COPY OF THE FORM 990 FOR REVIEW AND SIGNATURE BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE THROUGH ITS ONSITE ADMINISTRATIVE OFFICE. NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE TAXPAYER USES THE MODIFIED CASH ACCOUNTING METHOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO CHANGE FROM THE PRIOR YEAR.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04619420
IRS990/TotalAssetsEOYAmt04030393
IRS990/TotalAssetsGrp/BOYAmt04619420
IRS990/TotalAssetsGrp/EOYAmt04030393
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041068
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0904106
IRS990/TotalFunctionalExpensesGrp/TotalAmt0945174
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031798
IRS990/TotalLiabilitiesEOYAmt033051
IRS990/TotalLiabilitiesGrp/BOYAmt031798
IRS990/TotalLiabilitiesGrp/EOYAmt033051
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04587622
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03997342
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0904106
IRS990/TotalProgramServiceRevenueAmt0261400
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt043494
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0311400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0354894
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04619420
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04030393
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt016625 S DESERT FOOTHILLS PARKWAY
IRS990/USAddress/CityNm0PHOENIX
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085048
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FOOTHILLSRESERVE.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/PersonNm0KARENA WILLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04807594945
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOOTHILLS RESERVE MASTER OWNERS'
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0FOOT
ReturnHeader/Filer/EIN0481260769
ReturnHeader/Filer/PhoneNum04807594945
ReturnHeader/Filer/USAddress/AddressLine1Txt016625 S DESERT FOOTHILLS PARKWAY
ReturnHeader/Filer/USAddress/CityNm0PHOENIX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085048
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/ReturnTs02021-11-15T12:52:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KARENA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WILLSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,030,393
Liabilities
$33,051
Net assets
$3,997,342
Revenue
$354,894
Expenses
$945,174
Net income
-$590,280
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