Civic Intelligence

Durango Mountain Master Association Inc

990 • Fiscal year 2021 • EIN 84-0927385

May 01, 2020 to Apr 30, 2021 • Filed on Oct 21, 2021

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

75th percentile

0.27x

Higher debt load relative to assets than 75% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

74th percentile

0.49x

Higher debt load relative to revenue than 74% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

79th percentile

41%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

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.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Asset Growth

69th percentile

15%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

17%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$4,329,090

Up $554,192 (+15%) from 2020

Net Assets

Up

$3,178,020

Up $969,114 (+44%) from 2020

Liabilities

Down

$1,151,070

Down $414,922 (-26%) from 2020

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin79th percentile

Revenue

Up

$2,355,182

Up $342,178 (+17%) from 2020

Expenses

Down

$1,386,068

Down $158,957 (-10%) from 2020

Net Income

Up

$969,114

Up $501,135 (+107%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2021

Assets$4,329,090
Liabilities$1,151,070
Net Assets$3,178,020
Open 2021 Filing

Operations Trend

Revenue Growth63rd 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

2021

Revenue$2,355,182
Expenses$1,386,068
Net Income$969,114
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Oct 21, 2021
Return Version
2020v4.0
Gross Receipts
$2,444,063
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
Pd in Cap Srpls Land Bldg Eqp Fund$1,740,927$2,208,905▲ $467,978
Land, Buildings, and Equipment, Net$2,340,902$2,186,940▼ $153,962
Cash and Non-Interest-Bearing Accounts$692,913$1,415,588▲ $722,675
Rtn Earn Endowment Incm Other Fnds$467,979$969,115▲ $501,136
Savings and Temporary Cash Investments$577,634$436,187▼ $141,447
Accounts Receivable$130,232$261,559▲ $131,327
Inventories for Sale or Use$19,945$16,148▼ $3,797
Prepaid Expenses and Deferred Charges$2,374$8,017▲ $5,643
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$3,774,898$4,329,090▲ $554,192
Other Assets Total$10,898$4,651▼ $6,247
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,485,755$1,000,589▼ $485,166
Other Liabilities$22,441$85,451▲ $63,010
Accounts Payable and Accrued Expenses$57,796$65,030▲ $7,234
Total Liabilities$1,565,992$1,151,070▼ $414,922
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,208,906$3,178,020▲ $969,114
Total Liabilities and Net Assets / Fund Balance$3,774,898$4,329,090▲ $554,192

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,864,890-$3,864,890
Equipment$707,851-$707,851
Land$100,000-$100,000
Other Land Buildings$-2,485,801$2,494,801$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
$1,412,818
Investment Income
$127,565
Other Revenue
$814,799
Change in Net Assets
$969,114

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,355,182
Revenue Not Reported on Form 990
$-534,859
Total Revenue per Audited Statements
$1,820,323
Total Revenue per Form 990
$2,355,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,147,370
Salaries, Compensation, and Employee Benefits$238,698
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$190,958$47,740-$238,698
All Other Expenses$221,054$12,191-$233,245
Depreciation Depletion$167,545--$167,545
Fees for Services Accounting$86,454$21,614-$108,068
Other Expenses$70,000--$70,000
Interest$58,573--$58,573
Insurance$24,505--$24,505
Fees for Services Other$11,167$11,167-$22,334
Fees for Services Management$8,347$8,347-$16,694
Total Functional Expenses$1,285,009$101,059$0$1,386,068

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,386,068
Total Expenses per Form 990$1,386,068
Total Expenses per Audited Statements$851,211
Expenses Not Reported on Form 990$-534,857
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
Prepaid Assessments$48,395
Security Deposits$37,056
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 2020.”

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
2021-10-21
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
980 Enchanted Way Suite 104, Simi Valley, CA 93065
Preparer
Gary A Porter
Phone
8054336022
Supplemental Narrative

Additional Explanations

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

“Administrative & Other: Column (A) - Total = $18326; Column (B) - Program Services = $9163; Column (C) - Management & General = $9163; Column (D) - Fundraising = $0”

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

“Durango Mountain Institute: Column (A) - Total = $42269; Column (B) - Program Services = $42269; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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

“Repairs & Maintenance: Column (A) - Total = $29424; Column (B) - Program Services = $29424; 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 = $15138; Column (B) - Program Services = $12110; Column (C) - Management & General = $3028; Column (D) - Fundraising = $0”

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

“Utilities: Column (A) - Total = $62088; Column (B) - Program Services = $62088; 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/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt03754
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt03754
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/BOYAmt01485755
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01000589
IRS990/NetAssetsOrFundBalancesBOYAmt02208906
IRS990/NetAssetsOrFundBalancesEOYAmt03178020
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0110834
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0110834
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/BOYAmt010898
IRS990/OtherAssetsTotalGrp/EOYAmt04651
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Durango Mountain Club
IRS990/OtherExpensesGrp/Desc1Landscaping/Snow/Trash Removal
IRS990/OtherExpensesGrp/Desc2Janitorial
IRS990/OtherExpensesGrp/Desc3Security
IRS990/OtherExpensesGrp/ProgramServicesAmt0273449
IRS990/OtherExpensesGrp/ProgramServicesAmt195000
IRS990/OtherExpensesGrp/ProgramServicesAmt277957
IRS990/OtherExpensesGrp/ProgramServicesAmt370000
IRS990/OtherExpensesGrp/TotalAmt0273449
IRS990/OtherExpensesGrp/TotalAmt195000
IRS990/OtherExpensesGrp/TotalAmt277957
IRS990/OtherExpensesGrp/TotalAmt370000
IRS990/OtherLiabilitiesGrp/BOYAmt022441
IRS990/OtherLiabilitiesGrp/EOYAmt085451
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/RelatedOrExemptFuncIncomeAmt0793033
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt113012
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt25000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0793033
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt113012
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt25000
IRS990/OtherRevenueTotalAmt0814799
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt047740
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0190958
IRS990/OtherSalariesAndWagesGrp/TotalAmt0238698
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01740927
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt02208905
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02374
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08017
IRS990/PrincipalOfficerNm0Mark D Gebhardt
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues & Assessm
IRS990/ProgramServiceRevenueGrp/Desc1Rental Guest Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01203319
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1209499
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01203319
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1209499
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/PYInvestmentIncomeAmt0163385
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01275600
IRS990/PYOtherRevenueAmt0395004
IRS990/PYProgramServiceRevenueAmt01454615
IRS990/PYRevenuesLessExpensesAmt0467979
IRS990/PYSalariesCompEmpBnftPaidAmt0269425
IRS990/PYTotalExpensesAmt01545025
IRS990/PYTotalRevenueAmt02013004
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0969114
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0467979
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0969115
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0577634
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0436187
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03864890
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03864890
IRS990ScheduleD/EquipmentGrp/BookValueAmt0707851
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0707851
IRS990ScheduleD/ExpensesNotReportedAmt0-534857
IRS990ScheduleD/ExpensesSubtotalAmt01386068
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherExpensesIncludedAmt0-534857
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-2485801
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02494801
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt137056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid Assessments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposits
IRS990ScheduleD/OtherRevenueAmt0-534859
IRS990ScheduleD/RevenueNotReportedAmt0-534859
IRS990ScheduleD/RevenueSubtotalAmt02355182
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02186940
IRS990ScheduleD/TotalExpensesPerForm990Amt01386068
IRS990ScheduleD/TotalLiabilityAmt085451
IRS990ScheduleD/TotalRevenuePerForm990Amt02355182
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01820323
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0851211
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 2020.
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 = $18326; Column (B) - Program Services = $9163; Column (C) - Management & General = $9163; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Durango Mountain Institute: Column (A) - Total = $42269; Column (B) - Program Services = $42269; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Repairs & Maintenance: Column (A) - Total = $29424; Column (B) - Program Services = $29424; 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 = $15138; Column (B) - Program Services = $12110; Column (C) - Management & General = $3028; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Utilities: Column (A) - Total = $62088; Column (B) - Program Services = $62088; 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/TotalAssetsBOYAmt03774898
IRS990/TotalAssetsEOYAmt04329090
IRS990/TotalAssetsGrp/BOYAmt03774898
IRS990/TotalAssetsGrp/EOYAmt04329090
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0101059
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01285009
IRS990/TotalFunctionalExpensesGrp/TotalAmt01386068
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01565992
IRS990/TotalLiabilitiesEOYAmt01151070
IRS990/TotalLiabilitiesGrp/BOYAmt01565992
IRS990/TotalLiabilitiesGrp/EOYAmt01151070
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02208906
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03178020
IRS990/TotalProgramServiceExpensesAmt01285009
IRS990/TotalProgramServiceRevenueAmt01412818
IRS990/TotalRevenueGrp/ExclusionAmt0127565
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02227617
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02355182
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03774898
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04329090
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 4314
IRS990/USAddress/CityNm0Durango
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081302

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,329,090
Liabilities
$1,151,070
Net assets
$3,178,020
Revenue
$2,355,182
Expenses
$1,386,068
Net income
$969,114
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