South Gate Community Association I

“Expenses postage 578 insurance 9,971 bank charges 27 telephone 2,416 advertising 166 printing and publication 2,624 taxes 7,606 website 2,773 total 26,161”

“Accounts receivable 6,858 4,264 0 0 less accumulated depreciation 0 0 total 6,858 4,264”

“Accounts payable and accrued expenses 446 12,422 unsecured notes and loans payable 0 20,000 security deposits 0 700 payroll tax payable 0 0 sales tax payable 0 0 sales tax payable -24 0 security deposits 4,650 0”

“Form 990 - ez, part iii - primary exempt purpose the association was formed to bring property owners in south gate community together for social and recreational activites, to stimulate interest in civic and cultural affairs, such as beautification, maintaining property values, compliance with deed restrictions, to promote and engage in affairs that benefit the members.”