2024-01-29T12:11:58-06:00 2022-12-31 721396621 CARR RIGGS & INGRAM LLC 500 GRAND BOULEVARD SUITE 210 MIRAMAR BEACH FL 32550 990 2022-01-01 203287784 CRAIG RANCH COMMUNITY ASSOCIATION CRAI 9729432810 1800 PRESTON PARK BLVD SUITE 200 PLANO TX 75093 STEPHANIE MILLER PRESIDENT 9729432810 2024-01-15 1 STEPHANIE MILLER 999009999 0 CHAD F BRANSON P02089300 8508373141 2024-01-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X STEPHANIE MILLER 1800 PRESTON PARK BLVD SUITE 200 PLANO TX 75093 13773675 0 X N/A X 2004 TX ASSESSMENT OF DUES FROM MEMBERSHIP USED TO FUND REPAIRS AND MAINTENANCE TO COMMON PROPERTIES. 4 4 0 7 0 0 0 0 8354416 9184944 42158 -204645 0 0 8396574 8980299 0 0 0 0 0 0 0 0 0 6700753 7692153 6700753 7692153 1695821 1288146 8950020 9931314 4875349 4631023 4074671 5300291 TO PROVIDE FOR OVERALL DEVELOPMENT EXPANSION, ADMINISTRATION, MAINTENANCE, PRESERVATION AND ARCHITECTURAL CONTROL OF THE COMMUNITY OF CRAIG RANCH AND TO MAINTAIN AND OPERATE PROPERTY AND FACILITIES FOR THE COMMON BENEFIT OF THE OWNERS AND RESIDENTS. 0 0 6299734 9184944 ASSESSMENT OF DUES FROM MEMBERSHIP USED TO FUND REPAIRS AND MAINTENANCE TO COMMON PROPERTIES. 6299734 0 0 0 0 0 0 0 0 0 1 1 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 39 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 X COMMUNITY MANAGEMENT ASSOCIATES INC 9729432810 1800 PRESTON PARK BLVD SUITE 200 PLANO TX 75093 X STEPHANIE MILLER PRESIDENT 1.00 X X 0 0 0 JOHN PALMER VICE PRESIDENT 1.00 X X 0 0 0 CONNIE BAKER TREASURER 1.00 X X 0 0 0 TIMOTHY STEPHENS SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 SUPERSCAPES OPCO LLC 1500 CAPITAL DRIVE CARROLLTON TX 75006 LANDSCAPING SERVICES 1114064 COMMUNITY MANAGEMENT ASSOCIATES INC 1800 PRESTON PARK BLVD SUITE 200 PLANO TX 75093 MANAGEMENT SERVICES 1106883 CHRIS BLEVINS 115 RICHARDSON CT SUITE B ALLEN TX 75002 LANDSCAPING SERVICES 1082259 JAX OF TRADES LLC 601 N SHADY SHORES DRIVE LAKE DALLAS TX 75065 BUILDING REPAIR SERVICES 225513 SIMPLY HORTICULTURE 421 J E WEEMS BLVD PROSPER TX 75078 LANDSCAPING SERVICES 185228 5 HOMEOWNERS ASSESSMENTS 561000 6548286 6548286 COMMUNITY ENHANCEMENT FEES 561000 1937202 1937202 MISCELLANEOUS 561000 699456 699456 9184944 165641 165641 4423090 4793376 -370286 -370286 -370286 8980299 9184944 0 -204645 32695 32695 31400 31400 20119 20119 1118404 1085515 32889 MAINTENANCE & REPAIRS 3110660 3110660 ADMINISTRATIVE 1261788 1261788 UTILITIES 1197448 1197448 COMMUNITY ENHANCEMENTS 761552 761552 158087 144559 13528 7692153 6299734 1392419 0 2312633 3455153 1595605 4483169 67937 59427 490972 437082 366890 301726 20119 65164 4375029 1386547 87725 44772 8950020 9931314 292332 512127 11826 4571191 4118896 4875349 4631023 X 696893 914025 3377778 4386266 4074671 5300291 8950020 9931314 1288146 -62526 0 X X 0 1 X 1 0 296460 296460 0 5266 5266 0 65164 65164 65164 EAGLES STRATEGIES LLC 1386547 F 1386547 INSURANCE FINANCE AGREEMENT 111134 PERFORMANCE OBLIGATION 2246458 PREPAID ASSESSMENTS 1761304 4118896 X 9350585 370286 370286 8980299 0 8980299 8124965 62526 62526 8062439 -370286 -370286 7692153 PART X, LINE 2: THE ASSOCIATION IS A TAXEXEMPT ORGANIZATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. THEREFORE, THERE IS NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. UNDER THIS SECTION, THE ASSOCIATION IS NOT TAXED ON INCOME AND EXPENSES RELATED TO ITS EXEMPT PURPOSE, WHICH IS THE ACQUISITION, CONSTRUCTION, MANAGEMENT, AND MAINTENANCE OF ASSOCIATION PROPERTY. NET NONEXEMPT FUNCTION INCOME, WHICH INCLUDES UNRELATED BUSINESS INCOME AND REVENUES FROM NONMEMBERS, IS TAXED AT REGULAR FEDERAL CORPORATE TAX RATES. FOR THE YEAR ENDED DECEMBER 31, 2022, THE ASSOCIATION HAD NO INCOME TAX EXPENSE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION'S POLICY IS TO RECORD INTEREST EXPENSE OR PENALTIES RELATED TO INCOME TAX IN (OPERATING) EXPENSE. FOR THE YEAR ENDED DECEMBER 31, 2022, NO INTEREST OR PENALTIES WERE PAID OR ACCRUED. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ASSOCIATION'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: REALIZED LOSS ON SALE OF INVESTMENTS 370,286. PART XII, LINE 4B - OTHER ADJUSTMENTS: REALIZED LOSS ON SALE OF INVESTMENTS -370,286. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS WITH COMMUNITY MANAGEMENT ASSOCIATES, INC. FOR THE MANAGEMENT OF DAY TO DAY OPERATION AND ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHICH CONSIST OF THE HOMEOWNERS IN THE RESPECTIVE AREAS OF THE CRAIG RANCH COMMUNITY. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF THE HOMEOWNERS ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF THE FORM 990 IS DONE BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, ITEM B, AMENDED RETURN THE RETURN IS BEING AMENDED TO PROPERLY RECORD REVENUE AND EXPENSES. THE ORIGINAL RETURN HAD HOMEOWNERS ASSESSMENT OVERSTATED BY $120,000 AND THE MAINTENANCE & REPAIRS WERE OVERSTATED BY $120,000. THE FORM 990 WAS CHANGED FOR THESE TWO ITEMS ON THE FOLLOWING LINES: -FORM 990, PART I, LINE 9, 12, 17 AND 18 -FORM 990, PART III, LINE 4A AND LINE 4E -FORM 990, PART VIII, LINE 2A COLUMN (A) AND (B); LINE 2G COLUMN (A); AND LINE 12 COLUMN (A) AND (B) -FORM 990, PART IX, LINE 24A COLUMN (A) AND (B); LINE 25 COLUMN (A) AND (B) -FORM 990, PART XI, LINE 1 AND 2 -SCHEDULE D, PART XI, LINE 1, 3 AND 5 -SCHEDULE D, PART XII, LINE 1, 3 AND 5.