Civic Intelligence

Durango Mountain Master Association Inc

990 • Fiscal year 2020 • EIN 84-0927385

May 01, 2019 to Apr 30, 2020 • Filed on Oct 01, 2020

Organization Profilewww.thedmma.com
PO Box 4314Durango, CO 81302

(970) 426-7220

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.41x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

0.78x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

69th percentile

23%

Higher net margin than 69% 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

21st percentile

-3.3%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

52nd percentile

1.7%

Faster revenue growth than 52% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$3,774,898

Down $130,816 (-3.3%) from 2019

Net Assets

Up

$2,208,906

Up $469,138 (+27%) from 2019

Liabilities

Down

$1,565,992

Down $599,954 (-28%) from 2019

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin69th percentile

Revenue

Up

$2,013,004

Up $34,417 (+1.7%) from 2019

Expenses

Down

$1,545,025

Down $17,564 (-1.1%) from 2019

Net Income

Up

$467,979

Up $51,981 (+12%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $4,152,936Liabilities 2015: $3,382,465Net Assets 2015: $770,4712015Assets 2016: $3,554,161Liabilities 2016: $2,768,270Net Assets 2016: $785,8912016Assets 2017: $3,569,071Liabilities 2017: $2,402,663Net Assets 2017: $1,166,4082017Assets 2018: $3,680,658Liabilities 2018: $2,355,574Net Assets 2018: $1,325,0842018Assets 2019: $3,905,714Liabilities 2019: $2,165,946Net Assets 2019: $1,739,7682019Assets 2020: $3,774,898Liabilities 2020: $1,565,992Net Assets 2020: $2,208,9062020Assets 2021: $4,329,090Liabilities 2021: $1,151,070Net Assets 2021: $3,178,0202021Assets 2022: $5,099,330Liabilities 2022: $187,456Net Assets 2022: $4,911,8742022Assets 2023: $5,332,897Liabilities 2023: $200,514Net Assets 2023: $5,132,3832023Assets 2024: $5,957,731Liabilities 2024: $292,264Net Assets 2024: $5,665,4672024Assets 2025: $6,267,216Liabilities 2025: $181,411Net Assets 2025: $6,085,8052025

Highlighted filing

2020

Assets$3,774,898
Liabilities$1,565,992
Net Assets$2,208,906
Open 2020 Filing

Operations Trend

Revenue Growth52nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2015: $1,400,272Expenses 2015: $1,061,784Net Income 2015: $338,4882015Revenue 2016: $1,157,301Expenses 2016: $1,141,881Net Income 2016: $15,4202016Revenue 2017: $1,260,053Expenses 2017: $879,536Net Income 2017: $380,5172017Revenue 2018: $1,778,316Expenses 2018: $1,619,607Net Income 2018: $158,7092018Revenue 2019: $1,978,587Expenses 2019: $1,562,589Net Income 2019: $415,9982019Revenue 2020: $2,013,004Expenses 2020: $1,545,025Net Income 2020: $467,9792020Revenue 2021: $2,355,182Expenses 2021: $1,386,068Net Income 2021: $969,1142021Revenue 2022: $3,338,361Expenses 2022: $1,604,507Net Income 2022: $1,733,8542022Revenue 2023: $2,810,319Expenses 2023: $2,589,810Net Income 2023: $220,5092023Revenue 2024: $3,023,008Expenses 2024: $2,489,924Net Income 2024: $533,0842024Revenue 2025: $3,134,898Expenses 2025: $2,714,560Net Income 2025: $420,3382025

Highlighted filing

2020

Revenue$2,013,004
Expenses$1,545,025
Net Income$467,979
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Oct 1, 2020
Return Version
2019v5.0
Gross Receipts
$2,136,898
Mission and Program Overview

Mission

The community is responsible for the operation and maintenance of the common property within the 150 acres with 530 properties that includes residential and commercial lots located in Durango, CO.

Durango Mountain Master Association, Inc. is a mutual benefit non-profit corporation formed and operated under the laws of the state of Colorado. It is the Master Association surrounding Purgatory Resort in Durango, Colorado. The Association provides ongoing services for the benefit of the members and the public that visits the Purgatory Resort. These services include, but are not limited to, maintenance, landscaping and snow removal in the main plaza including public bathrooms. Limited access for guests, renters, owners and club members to the Durango Mountain Club including the pool and spa area and event access to the Durango Institute is open to the public for a fee.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,507,855$2,340,902▼ $166,953
Pd in Cap Srpls Land Bldg Eqp Fund$46,189$1,740,927▲ $1,694,738
Cash and Non-Interest-Bearing Accounts$641,035$692,913▲ $51,878
Savings and Temporary Cash Investments$520,943$577,634▲ $56,691
Rtn Earn Endowment Incm Other Fnds$1,693,579$467,979▼ $1,225,600
Accounts Receivable$210,439$130,232▼ $80,207
Inventories for Sale or Use$9,613$19,945▲ $10,332
Prepaid Expenses and Deferred Charges$6,158$2,374▼ $3,784
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$3,905,714$3,774,898▼ $130,816
Other Assets Total$9,671$10,898▲ $1,227
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,064,171$1,485,755▼ $578,416
Accounts Payable and Accrued Expenses$86,369$57,796▼ $28,573
Other Liabilities$15,406$22,441▲ $7,035
Total Liabilities$2,165,946$1,565,992▼ $599,954
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,739,768$2,208,906▲ $469,138
Total Liabilities and Net Assets / Fund Balance$3,905,714$3,774,898▼ $130,816

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,864,890-$3,864,890
Equipment$695,672-$695,672
Land$100,000-$100,000
Other Land Buildings$-2,319,660$2,328,660$9,000
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Mark D GebhardtPresident
Dave RathbunVice President
Chuck CobbDirector
Jim CoyneDirector
Jon WordDirector
Gary DerckSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,454,615
Investment Income
$163,385
Other Revenue
$395,004
Change in Net Assets
$467,979

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,013,004
Revenue Not Reported on Form 990
$-693,488
Total Revenue per Audited Statements
$1,319,516
Total Revenue per Form 990
$2,013,004
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,275,600
Salaries, Compensation, and Employee Benefits$269,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$215,540$53,885-$269,425
All Other Expenses$234,320$13,989-$248,309
Depreciation Depletion$166,841--$166,841
Fees for Services Accounting$84,759$21,190-$105,949
Interest$73,304--$73,304
Other Expenses$71,182--$71,182
Insurance$22,862--$22,862
Fees for Services Other$10,744$10,744-$21,488
Fees for Services Management$8,183$8,183-$16,366
Total Functional Expenses$1,437,034$107,991$0$1,545,025

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,545,025
Total Expenses per Form 990$1,545,025
Total Expenses per Audited Statements$851,729
Expenses Not Reported on Form 990$-693,296
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$19,656
Other Liabilties$2,785
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Board Member, Dave Rathbun is General Manager of Purgatory Resort. Gary Derek is an advisor of the former Purgatory Resort Owner. Jim Coyne and Chuck Cobb were partners in the former Purgatory Resort ownership.”

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“The Association delegated management authority to Purgatory Resort as the management company.”

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

“The Corporation is a homeowners association consisting of 530 properties that includes residential and commercial lots. Owners are automatically granted membership in the Association upon purchase of their lot.”

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

“The Declarant can designate up to three board members.”

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

“Board minutes document motions approvals and are published to the Association's website. The Association did not have any committees in 2019.”

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

“The Board of Directors review the form 990 via email before filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board of Directors reviews the conflict of interest policy on a yearly basis by observation and supervision of all transactions. A conflicted member will recuse themselves from the vote.”

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

“Governing documents and financial statements are available on the organization's website and available at the administrations office upon request. Conflict of interest policy is made available upon request and is posted on the Association's website.”

Filing and Contact Details

Filer

Filer Name
Durango Mountain Master Association
EIN
84-0927385
Phone
9704267220
Address
PO Box 4314, Durango, CO 81302

Signing Officer

Name
Mark D Gebhardt
Title
President
Signed
2020-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark D Gebhardt
Formed
1982
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Porter & Lasiewicz CPAs
Address
3355 Cochran Street Suite 101, Simi Valley, CA 93063
Preparer
Gary A Porter
Phone
8054336022
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

“Administrative & Other: Column (A) - Total = $22843; Column (B) - Program Services = $11422; Column (C) - Management & General = $11421; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Durango Mountain Institute: Column (A) - Total = $59628; Column (B) - Program Services = $59628; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Repairs & Maintenance: Column (A) - Total = $26514; Column (B) - Program Services = $26514; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Shuttle Service: Column (A) - Total = $66000; Column (B) - Program Services = $66000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Supplies & Materials: Column (A) - Total = $12838; Column (B) - Program Services = $10270; Column (C) - Management & General = $2568; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Utilities: Column (A) - Total = $60486; Column (B) - Program Services = $60486; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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IRS990/Desc0The Association is primarily engaged in promoting the common good and general welfare of the residents of Durango Mountain Master Association, Inc. and surrounding areas. The Association lessens the burdens of government by conducting activities as follows:1) Plaza Access - The Association is fully responsible for the hardscape and landscape maintenance of the approximately 3/4 acre plaza. The Association's maintenance activities promote the general welfare of the community by allowing use by the public at large, thereby lessening the burden of La Plata County. The community is located in the Durango area of La Plata County.2) Private Patrol Service - The Association provides a private patrol service for the resort area, which is another important association activity that promotes the general welfare of the community. The patrol service duties include patrolling the plaza and resort area while watching out for unusual or suspicious activity to reduce crime.3) Snow Removal - The Association provides snow removal services in the public plaza area. This activity is identical to services provided by governmental entities nationwide.4) Negotiating for Trash Removal Services - The Association does not directly provide rubbish removal services, but does negotiate with companies that provide this service. This, again, is identical to services provided by governmental entities nationwide. The Association opened a central re-cycling facility on November 9, 2015.
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IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0123894
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0true
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IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt01089
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt01089
IRS990/MissionDesc0The community is responsible for the operation and maintenance of the common property within the 150 acres with 530 properties that includes residential and commercial lots located in Durango, CO.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02064171
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01485755
IRS990/NetAssetsOrFundBalancesBOYAmt01739768
IRS990/NetAssetsOrFundBalancesEOYAmt02208906
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0151414
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0151414
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09671
IRS990/OtherAssetsTotalGrp/EOYAmt010898
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Durango Mountain Club
IRS990/OtherExpensesGrp/Desc1Landscaping/Snow/Trash Removal
IRS990/OtherExpensesGrp/Desc2Janitorial
IRS990/OtherExpensesGrp/Desc3Security
IRS990/OtherExpensesGrp/ProgramServicesAmt0377871
IRS990/OtherExpensesGrp/ProgramServicesAmt195000
IRS990/OtherExpensesGrp/ProgramServicesAmt276428
IRS990/OtherExpensesGrp/ProgramServicesAmt371182
IRS990/OtherExpensesGrp/TotalAmt0377871
IRS990/OtherExpensesGrp/TotalAmt195000
IRS990/OtherExpensesGrp/TotalAmt276428
IRS990/OtherExpensesGrp/TotalAmt371182
IRS990/OtherLiabilitiesGrp/BOYAmt015406
IRS990/OtherLiabilitiesGrp/EOYAmt022441
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0Real Estate Transfer Fee
IRS990/OtherRevenueMiscGrp/Desc1Resort/Clubhouse/Events
IRS990/OtherRevenueMiscGrp/Desc2Ski Valet Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0354114
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt128876
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt210925
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0354114
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt128876
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt210925
IRS990/OtherRevenueTotalAmt0395004
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt053885
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0215540
IRS990/OtherSalariesAndWagesGrp/TotalAmt0269425
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt046189
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01740927
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06158
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02374
IRS990/PrincipalOfficerNm0Mark D Gebhardt
IRS990/PriorPeriodAdjustmentsAmt01159
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues & Assessm
IRS990/ProgramServiceRevenueGrp/Desc1Rental Guest Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01297774
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1156841
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01297774
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1156841
IRS990/ProgSrvcAccomActy2Grp/Desc0Durango Mountain Institute (DMI) - The Association operates and maintains the DMI, which is open to the public. This facility is similar to activities provided in numerous locations by cities, or governmental recreation and park districts.The Institute partners with a provider that offers qualified presenters and instructors to work with groups. A variety of outdoor and indoor programs are available to support event objectives:- Yoga classes- Teen social events- Team-building- Leadership training- Executive and professional coaching- History or current events- Outdoor experiential activities- Health and well-being- Musical presentationsThe Durango Mountain Institute and Conference Center is a two-story facility with a primary meeting space for up to 75 participants, with separate, on-site space available for break-out sessions.The Center is equipped with state-of-the-art audio/visual technology for presentations and audio conference calls.
IRS990/ProgSrvcAccomActy3Grp/Desc0Providing a Public Meeting Facility for Area Residents - The Association maintains a clubhouse which is available to members and the public on a fee basis. Activities offered at the clubhouse are as follows:- Exercise facility- Pool and hot tub (hot tub expansion)- Locker room- Game room- Club lounge- Winter time ski and parking valet services- Day spa
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0186738
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01281710
IRS990/PYOtherRevenueAmt0296767
IRS990/PYProgramServiceRevenueAmt01495082
IRS990/PYRevenuesLessExpensesAmt0415998
IRS990/PYSalariesCompEmpBnftPaidAmt0280879
IRS990/PYTotalExpensesAmt01562589
IRS990/PYTotalRevenueAmt01978587
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0467979
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01693579
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0467979
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0520943
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0577634
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03864890
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03864890
IRS990ScheduleD/EquipmentGrp/BookValueAmt0695672
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0695672
IRS990ScheduleD/ExpensesNotReportedAmt0-693296
IRS990ScheduleD/ExpensesSubtotalAmt01545025
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherExpensesIncludedAmt0-693296
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-2319660
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02328660
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119656
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other Liabilties
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposits
IRS990ScheduleD/OtherRevenueAmt0-693488
IRS990ScheduleD/RevenueNotReportedAmt0-693488
IRS990ScheduleD/RevenueSubtotalAmt02013004
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02340902
IRS990ScheduleD/TotalExpensesPerForm990Amt01545025
IRS990ScheduleD/TotalLiabilityAmt022441
IRS990ScheduleD/TotalRevenuePerForm990Amt02013004
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01319516
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0851729
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board Member, Dave Rathbun is General Manager of Purgatory Resort. Gary Derek is an advisor of the former Purgatory Resort Owner. Jim Coyne and Chuck Cobb were partners in the former Purgatory Resort ownership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Association delegated management authority to Purgatory Resort as the management company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Corporation is a homeowners association consisting of 530 properties that includes residential and commercial lots. Owners are automatically granted membership in the Association upon purchase of their lot.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Declarant can designate up to three board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board minutes document motions approvals and are published to the Association's website. The Association did not have any committees in 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors review the form 990 via email before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Board of Directors reviews the conflict of interest policy on a yearly basis by observation and supervision of all transactions. A conflicted member will recuse themselves from the vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Governing documents and financial statements are available on the organization's website and available at the administrations office upon request. Conflict of interest policy is made available upon request and is posted on the Association's website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Administrative & Other: Column (A) - Total = $22843; Column (B) - Program Services = $11422; Column (C) - Management & General = $11421; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Durango Mountain Institute: Column (A) - Total = $59628; Column (B) - Program Services = $59628; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Repairs & Maintenance: Column (A) - Total = $26514; Column (B) - Program Services = $26514; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Shuttle Service: Column (A) - Total = $66000; Column (B) - Program Services = $66000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Supplies & Materials: Column (A) - Total = $12838; Column (B) - Program Services = $10270; Column (C) - Management & General = $2568; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Utilities: Column (A) - Total = $60486; Column (B) - Program Services = $60486; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e: Other Expenses
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03905714
IRS990/TotalAssetsEOYAmt03774898
IRS990/TotalAssetsGrp/BOYAmt03905714
IRS990/TotalAssetsGrp/EOYAmt03774898
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0107991
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01437034
IRS990/TotalFunctionalExpensesGrp/TotalAmt01545025
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02165946
IRS990/TotalLiabilitiesEOYAmt01565992
IRS990/TotalLiabilitiesGrp/BOYAmt02165946
IRS990/TotalLiabilitiesGrp/EOYAmt01565992
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01739768
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02208906
IRS990/TotalProgramServiceExpensesAmt01437034
IRS990/TotalProgramServiceRevenueAmt01454615
IRS990/TotalRevenueGrp/ExclusionAmt0163385
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01849619
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02013004
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03905714
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03774898
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 4314
IRS990/USAddress/CityNm0Durango
IRS990/USAddress/StateAbbreviationCd0CO

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
$3,774,898
Liabilities
$1,565,992
Net assets
$2,208,906
Revenue
$2,013,004
Expenses
$1,545,025
Net income
$467,979
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.27$0.18$6.09$3.13$2.71$0.42
2024Detailed filing. Detailed filing data is available for this year.$5.96$0.29$5.67$3.02$2.49$0.53
2023Detailed filing. Detailed filing data is available for this year.$5.33$0.20$5.13$2.81$2.59$0.22
2022Detailed filing. Detailed filing data is available for this year.$5.10$0.19$4.91$3.34$1.60$1.73
2021Detailed filing. Detailed filing data is available for this year.$4.33$1.15$3.18$2.36$1.39$0.97
2020Detailed filing. Detailed filing data is available for this year.$3.77$1.57$2.21$2.01$1.55$0.47
2019Detailed filing. Detailed filing data is available for this year.$3.91$2.17$1.74$1.98$1.56$0.42
2018Detailed filing. Detailed filing data is available for this year.$3.68$2.36$1.33$1.78$1.62$0.16
2017Detailed filing. Detailed filing data is available for this year.$3.57$2.40$1.17$1.26$0.88$0.38
2016Detailed filing. Detailed filing data is available for this year.$3.55$2.77$0.79$1.16$1.14$0.02
2015Summary only. Only limited summary data is available for this year.$4.15$3.38$0.77$1.40$1.06$0.34