2024-11-06T08:15:40-06:00 2023-12-31 390758449 WIPFLI LLP 403 EAST THIRD STREET STERLING IL 61081 990 2023-01-01 362645915 LAKE HOLIDAY PROPERTY OWNERS' ASSOCIATION INC LAKE 8154982216 283 EASY STREET SOMONAUK IL 60552 JEFF MARCO PRESIDENT 8154982216 2024-10-28 1 1 MICHELLE L HELLER P00367347 8156261277 2024-10-28 2023 2024-10-15 13:58:12Z JEFF MARCO 283 EASY STREET SOMONAUK IL 60552 2382265 0 X LAKEHOLIDAY.NABRNETWORK.COM X 1965 IL TO GOVERN THE AFFAIRS OF THE ASSOCIATION IN ACCORDANCE WITH ITS RESTRICTIVE COVENANTS, BY-LAWS, AND RULES AND REGULATIONS, SO AS TO PROTECT AND ENHANCE THE COMMUNITY QUALITY OF LIFE AND PROPERTY VALUES OF COMMON ASSOCIATION ASSETS. THE ASSOCIATION MUST DEAL FAIRLY WITH THEIR STAFF AT ALL TIMES AS THEY ARE INVALUABLE IN MAINTAINING EFFECTIVE DAY TO DAY OPERATIONS. THEY WILL RECOGNIZE, ENCOURAGE, AND VALUE THEIR CLUBS, COMMITTEES, AND VOLUNTEERS FOR THEIR NUMEROUS BENEFITS AND CONTRIBUTIONS TO THE ASSOCIATION. THE ASSOCIATION WILL STRIVE TO BE OPEN AND INFORMATIVE WITH THE MEMBERSHIP. 7 0 30 60 44418 0 0 0 2119025 2131168 9146 164777 81343 85597 2209514 2381542 0 0 0 0 802688 862340 0 0 0 1301883 1232668 2104571 2095008 104943 286534 7038249 7260189 308630 244036 6729619 7016153 TO GOVERN THE AFFAIRS OF THE ASSOCIATION IN ACCORDANCE WITH ITS RESTRICTIVE COVENANTS, BY-LAWS, AND RULES AND REGULATIONS, SO AS TO PROTECT AND ENHANCE THE COMMUNITY QUALITY OF LIFE AND PROPERTY VALUES OF COMMON ASSOCIATION ASSETS. 0 0 1822702 0 2154447 TO OPERATE AND MAINTAIN COMMON AREAS. ALSO, TO PROVIDE SECURITY, REFUSE DISPOSAL AND OTHER SERVICES TO ITS MEMBERS. 1822702 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 30 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X D JON BOUXSEIN 8154982216 283 EASY STREET SOMONAUK IL 60552 JEFF MARCO PRESIDENT 0.50 X X 805 0 0 DEBRA GERDES VICE PRESIDENT/SECRETARY 0.50 X X 805 0 0 JAY WIEGMAN TREASURER 0.50 X X 630 0 0 RAY CONLEY DIRECTOR 0.50 X 630 0 0 AHREN LEHNER DIRECTOR 0.50 X 525 0 0 BRYAN NEEDHAM DIRECTOR 0.50 X 805 0 0 RAYMOND UZUMECKI DIRECTOR 0.50 X 700 0 0 GREGORY WASSON DIRECTOR (THRU FEB 2023) 0.50 X 0 0 0 D JON BOUXSEIN GENERAL MANAGER 40.00 X 120610 0 4506 125510 0 4506 1 0 0 0 GROOT INDUSTRIES INC 1995 POWIS RD WEST CHICAGO IL 60185 REFUSE COLLECTION 398401 1 ASSESSMENTS 900099 1821753 1821753 REGISTRATIONS, PERMITS 900099 278915 278915 FINES 900099 30500 30500 2131168 165500 165500 17900 0 17900 17900 17900 723 -723 -723 -723 ADVERTISING INCOME 541800 44418 44418 23279 23279 67697 2381542 2154447 44418 182677 130016 130016 609833 609833 3624 3624 54075 54075 64792 56495 8297 12591 12591 21420 1071 20349 40990 34332 6658 81764 19569 62195 442508 424343 18165 4115 4115 5354 969 4385 377672 377672 79435 79435 CONSERVATION & PROPERTY 34944 34944 PETROLEUM 34854 34854 EQUIPMENT RENTAL AND MA 27992 25878 2114 ROAD MATERIAL 21427 21427 47602 44181 3421 2095008 1822702 272306 0 686613 107438 2850042 2011861 67500 145081 26142 30630 7179859 4016548 3332988 3163311 0 1752000 74964 49868 7038249 7260189 62827 48353 159589 135815 86214 59868 308630 244036 X 6729619 7016153 6729619 7016153 7038249 7260189 286534 0 X X 0 1 X 1 0 1 1 0 447435 447435 482555 261541 221014 1215360 964826 250534 5034509 2790181 2244328 3163311 CONTRACTOR DEPOSITS 10000 OPERATING FUND LOAN PAYABLE DUE TO CAPITAL RESERVE AND DAM - NONCURRENT 49868 59868 X 2381542 0 2381542 0 2381542 2095008 0 2095008 0 2095008 PART X, LINE 2: THE ASSOCIATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. US GAAP PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN TAX RETURNS. THE ASSOCIATION HAS DETERMINED THAT IT DOES NOT HAVE ANY SIGNIFICANT RISKS RELATED TO INCOME TAX EXPENSE AND THEREFORE NO AMOUNTS WERE RESERVED FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO HAVE THE RIGHT TO: ELECT MEMBERS OF THE GOVERNING BODY OR THEIR DELEGATES, APPROVE SIGNIFICANT DECISIONS, SUCH AS, APPROVE A BUDGET EACH YEAR BY MAJORITY VOTE AND HAVE THE RIGHT TO CHANGE THE RESTRICTIVE COVENANTS THIS REQUIRES 2/3'S AFFIRMATIVE VOTE. MEMBERS MAY ALSO VOTE ON CHANGING THE BY-LAWS. IN REGARDS TO THE MEMBERS HAVING A RIGHT TO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS, EXCESS DUES, OR NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION, THE ASSOCIATION WILL FOLLOW ILLINOIS NOT FOR PROFIT CORPORATION ACT AT THAT TIME. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE GOVERNING BODY ARE ELECTED. IF THE NUMBER OF CANDIDATES DOESN'T EXCEED THE NUMBER OF VACANCIES ON THE BOARD, THOSE CANDIDATES WILL BE DECLARED ELECTED. IF THE NUMBER OF CANDIDATES EXCEEDS THE NUMBER OF VACANCIES, WITHIN 30 DAYS THEREAFTER, THE SECRETARY OF THE ASSOCIATION SHALL MAIL TO EACH MEMBER OF THE ASSOCIATION A BALLOT CONTAINING THE NAMES OF EACH CANDIDATE, TOGETHER WITH A STATEMENT OF CANDIDACY OF EACH. WITHIN 30 DAYS THEREAFTER,THE POLLS WILL BE CLOSED AND A COMMITTEE OF IMPARTIAL TELLERS (APPOINTED BY THE BOARD) WILL COUNT THE THE BALLOTS AND SUBMIT A CERTIFIED REPORT SIGNED BY ALL TELLERS TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B AS DICTATED BY GOVERNING DOCUMENTS. MEMBERS IN GOOD STANDING ARE ENTITLED TO ATTEND AND VOTE AT ALL MEETINGS OF THE ASSOCIATION. MEMBERS VOTE ON ANY CHANGES TO OR NEW BY-LAWS PROPOSED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER IS GIVEN A COPY OF THE FINAL AUDIT REPORT FOR REVIEW PRIOR TO RECEIVING THE 990 FOR REVIEW AND SIGNATURE. TREASURER REVIEWS AND SIGNS THE 990; THE 990 IS MADE AVAILABLE TO ALL DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS THE ASSOCIATION'S OFFICERS, DIRECTORS, GENERAL MANAGER, AND TREASURER. THESE INDIVIDUALS ARE REQUIRED TO REVIEW THIS POLICY AT LEAST ANNUALLY AND THEY ARE MANDATED TO IMMEDIATELY REPORT TO THE PRESIDENT ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST AS IT OCCURS. THE PRESIDENT WILL DETERMINE WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOD AND OTHER INDIVIDUALS COVERED BY THIS POLICY; (C) ASK THE PERSON TO REFUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ASSOCIATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ASSOCIATION OR IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ASSOCIATION'S REMOVAL PROCEDURES. THE ASSOCIATION'S GENERAL MANAGER AND TREASURER WILL ASSIST THE PRESIDENT IN MONITORING TRANSACTIONS FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE TOP MANAGEMENT OFFICIAL (GENERAL MANAGER) IS UNDER CONTRACT AND COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS OF THE ASSOCIATION. THE DIRECTORS & OFFICERS OF THE ASSOCIATION RECEIVE A MEETING STIPEND THAT IS DETERMINED BY THE BOARD OF DIRECTORS. OTHER OFFICERS AND/OR KEY EMPLOYEES - THE BOARD OF DIRECTORS APPROVES ALL SALARY RATES FOR ALL EMPLOYEES EACH YEAR. WHEN DATA IS AVAILABLE, SALARY RATES ARE COMPARED TO THOSE OF OTHER PROPERTY OWNERS ASSOCIATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE GIVEN TO EACH NEW MEMBER AND ARE ALSO AVAILABLE UPON REQUEST FOR INSPECTION AT THE ASSOCIATON OFFICE DURING NORMAL BUSINESS HOURS. CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. MONTHLY FINANCIAL REPORTS ARE GIVEN AT EACH BOARD OF DIRECTORS MEETING AND PUBLISHED IN THE ASSOCIATION NEWSPAPER, WHICH IS MAILED TO ALL MEMBERS MONTHLY. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S OVERSIGHT AND SELECTION PROCESSES FOR THE AUDIT AND INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PRIOR YEAR.