2024-02-15T09:31:47-06:00 2023-03-31 593618759 WALTERS & ASSOCIATES CPAS 3277 FRUITVILLE ROAD BLDG E SARASOTA FL 34237 990 2022-04-01 566683422 KINGS POINT SUN CITY CENTER WEST KING 9043551831 245 RIVERSIDE AVE SUITE 300 JACKSONVILLE FL 33573 JACK DAVIDSON PRESIDENT 2563418613 2024-02-15 1 JACK DAVIDSON 999009999 0 SVETLANA MAHORIVSKYY P00746076 9413664450 2024-02-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACK DAVIDSON 14381510 0 X N/A X 2007 FL THE KINGS POINT SUN CITY CENTER WEST LAND TRUST (THE TRUST) WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIONAL PROPERTY LEASES AND THE BUILDINGS, IMPROVEMENTS, AND RELATED FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KINGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SWIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERETO. 8 8 0 22 204618 0 10070149 9798091 2756066 4498039 3050 77577 0 0 12829265 14373707 0 0 0 0 0 0 0 0 0 12735045 13700270 12735045 13700270 94220 673437 43132923 43107811 47793077 47094528 -4660154 -3986717 X THE KINGS POINT SUN CITY CENTER WEST LAND TRUST (THE TRUST) WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIONAL PROPERTY LEASES AND THE BUILDINGS, IMPROVEMENTS, AND RELATED FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KINGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SWIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERETO. 0 0 THE KINGS POINT SUN CITY CENTER WEST LAND TRUST (THE TRUST) WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIONAL PROPERTY LEASES AND THE BUILDINGS, IMPROVEMENTS, AND RELATED FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KINGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SWIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERETO. 0 0 0 0 0 0 0 0 0 1 0 0 0 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 1 53 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 FL X DANIEL ARMSTRONG 9048135019 245 RIVERSIDE AVE STE 250 JACKSONVILLE FL 32202 X JACK DAVIDSON PRESIDENT 1.00 X X 0 0 0 TOM RICKETS VICE PRESIDENT 1.00 X X 0 0 0 SUSAN MARTUCCI SECRETARY 1.00 X X 0 0 0 JIM GUNDRY TREASURER 1.00 X X 0 0 0 VIKI RYAN DIRECTOR 1.00 X 0 0 0 RAY SHAW DIRECTOR 1.00 X 0 0 0 DAN HECTOR DIRECTOR 1.00 X 0 0 0 SHIRLEY BARDELL DIRECTOR 1.00 X 0 0 0 RANDY MARTIN DIRECTOR 1.00 X 0 0 0 KINGS POINT WEST TRUST CO LLC TRUSTEE 0.00 X 0 0 0 0 0 0 0 0 0 0 6K CONSTRUCTION 14639 SYDNEY ROAD DOVER FL 33527 CONSTRUCTION 538081 VESTA PROPERTY SERVICES 245 RIVERSIDE AVE SUITE 300 JACKSONVILLE FL 32202 MANAGEMENT FEES 383996 INSURANCE OFFICE OF AMERICA 4915 W CYPRES ST TAMPA FL 33607 INSURANCE 356301 TAMPA ELECTRIC 1400 CHANNELSIDE DR TAMPA FL 33605 UTILITIES 327989 TURF KEEPERS INC 5221 FL-674 WIMAUMA FL 33598 LANDSCAPING & DESIGN 286341 5 9798091 9798091 FOOD AND BEVERAGE SALES 722511 2236831 2236831 SECURITY FEES 721000 801652 801652 MANAGEMENT FEES 541610 384951 384951 SPA SERVICES 812900 293883 293883 TRANSPORTATION FEES 480000 293402 293402 487320 331369 155951 4498039 85380 36713 48667 7803 -7803 -7803 -7803 14373707 4370998 204618 0 5120390 2869346 1769678 361193 FOOD & BEVERAGE COSTS 1120684 UTILITIES 653244 REPAIRS & MAINTENANCE 555801 OTHER OPERATING EXPENSE 519758 730176 13700270 1192971 1212088 3393341 2750000 15527 12178 54151 42112 254733 227269 41579080 18758277 22053391 22820803 16168809 16043361 43132923 43107811 380282 588228 144290 163997 47268505 46144375 0 197928 47793077 47094528 X 0 0 0 0 -4660154 -3986717 -4660154 -3986717 43132923 43107811 673437 0 X X 0 0 0 6165638 6165638 30828765 14173600 16655165 4584677 4584677 0 22820803 LEASE OBLIGATION 197928 197928 X 14373707 0 14373707 0 14373707 13700270 0 13700270 0 13700270 PART X, LINE 2: THE TRUST HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE DATED APRIL 2, 2009, STATING THAT THE TRUST IS QUALIFIED UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, AND THEREFORE IS EXEMPT FROM TAXATION. AS SUCH, NO TAX EFFECT HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED TAX POSITIONS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC)740, INCOME TAXES, AND HAS NOT IDENTIFIED ANY TAX POSITIONS, OTHER THAN PREPARING TAX RETURNS UNDER SECTION 501(C)(7), THAT REQUIRE DISCLOSURE. THE TRUST'S FEDERAL INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE FEDERAL INCOME TAX RETURNS WERE FILED. FORM 990, PART VI, SECTION A, LINE 3 VESTA PROPERTY SERVICES, INC IS ENGAGED TO MANAGE AND MAINTAIN THE FACILITIES AND TO CARRYOUT THE COLLECTION OF MEMBERHIP DUES AND FEES AND PAYMENT OF VENDORS. MANAGEMENT USES A THIRD PARTY PAYER TO ADMINISTER PAYROLL. FORM 990, PART VI, SECTION A, LINE 7B VOTE BY MEMBERS REQUIRED TO SELL ASSETS OR AMEND THE TRUST AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT COMPANY REVIEWS AND AGREES TO TRUST RECORDS. IF THEY TIE OUT THE MANAGEMENT COMPANY DELIVERS TO FEDERATION TO PRESENT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A TRUST EMPLOYS A THIRD PARTY PROFESSIONAL MANAGER AND THAT MANAGER HANDLES ALL EMPLOYMENT COMPENSATION ISSUES. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR