2024-10-28T13:24:10-05:00 2023-12-31 330244756 OWENS MOSKOWITZ AND ASSOCIATES INC 27792 EL LAZO LAGUNA NIGUEL CA 92677 990 2023-01-01 952366463 DIAMOND POINT CLUB DIAM 9098602393 536 NAVAJO SPRINGS ROAD DIAMOND BAR CA 91765 RUBEN TORRES PRESIDENT 9098602393 2024-10-28 0 ROBERT A OWENS CPA P01414999 9498515020 2023 2024-10-15 13:58:12Z RUBEN TORRES 536 NAVAJO SPRINGS ROAD DIAMOND BAR CA 91765 377582 0 X WWW.DIAMONDPOINT.ORG X 1964 CA THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE OVER 1,500 HOURS OF RECREATIONAL SWIMMING, SWIMMING LESSONS, TENNIS, TENNIS LESSONS, AND AEROBIC EXERCISES TO 656 MEMBERS. 5 5 20 0 4794 0 283392 314880 10785 10612 34 4794 41471 47296 335682 377582 0 0 0 0 151634 202309 0 0 0 158812 199759 310446 402068 25236 -24486 440100 416044 63287 63717 376813 352327 SEE STATEMENT O 0 0 375309 SEE STATEMENT O. 375309 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 0 0 20 0 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X DEANNE BLOCK 9098602393 536 NAVAJO SPRINGS RD DIAMOND BAR CA 91765 X RUBEN TORRES PRESIDENT 2.00 X 0 0 0 JUDI KRETSCHMAR VICE-PRESIDENT 2.00 X 0 0 0 DEANNE BLOCK TREASURER 2.00 X 0 0 0 FAWN MOODY SECRETARY 2.00 X 0 0 0 GRETCHEN KUNZE-FAHRNEY MBR@LRG 2.00 X 0 0 0 0 0 0 0 0 0 0 0 314880 314880 SWIM LESSONS 531390 10612 10612 10612 4794 4794 CLUBHOUSE RENTAL 531390 23365 23365 OTHER INCOME 531390 21339 21339 BAD DEBT RECOVERY 531390 2592 2592 47296 377582 57908 4794 0 X 165486 165486 2100 2100 19191 19191 15532 15532 1200 1200 1690 1690 11032 11032 CLUBHOUSE MAINTENANCE/E 44058 44058 TENNIS COURTS 34902 34902 POOL MAINTENANCE 24418 24418 ELECTRICITY 21427 21427 61032 48195 12837 402068 375309 26759 0 14283 8757 380575 359369 3322 5998 170248 128328 41920 41920 440100 416044 2289 6274 57718 54163 3280 3280 63287 63717 X -3762 -1892 380575 354219 0 0 376813 352327 440100 416044 -24486 0 X 0 1 X 0 0 41920 41920 128328 128328 0 41920 REFUNDABLE DEPOSITS 3280 3280 X 403938 26356 26356 377582 0 377582 402068 0 402068 0 402068 PART X, LINE 2: 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, 2023, 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 IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS 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: RESERVE ASSESSMENTS RECOGNIZED UNDER FASB 606 FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION USES THE SERVICES OF ASSOCIATION MANAGEMENT & SUPPORT SERVICES TO HANDLE DAY TO DAY OPERATIONS OF THE DEVELOPMENT, INCLUDING COLLECTIONS, BILL PAYMENTS, MEMBER ASSISTANCE, ETC. THE BOARD HAS THE ULTIMATE RESPONSIBILITY FOR AUTHORIZING PAYMENTS, SELECTING VENDORS, AND APPROVING THE BUDGET. FORM 990, PART VI, SECTION A, LINE 6 UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER BECOMES A MEMBER OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE VOTED UPON BY THE MEMBERSHIP AT AN ANNUAL MEETING WHICH REQUIRES A QUORUM OF 50% OF THE 656 VOTING MEMBERS. BOARD MEMBERS SERVE A 1 YEAR TERM AND COME UP FOR ELECTION IN ALTERNATING CYCLES. FORM 990, PART VI, SECTION A, LINE 7B DUES INCREASES IN EXCESS OF THE 20% ALLOWED BY THE DAVIS-STERLING ACT ARE SUBJECT TO THE APPROVAL OF THE MEMBERSHIP. SPECIAL ASSESSMENTS IN EXCESS OF 5% OF THE BUDGET ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B UPON PREPARATION OF THE TAX RETURNS, A COPY IS SENT TO THE MANAGEMENT COMPANY FOR REVIEW AT THE MONTHLY BOARD MEETING. UPON APPROVAL OF THE TAX RETURNS, A BOARD MEMBER SIGNS THE RETURNS AND MAILS THEM TO THE PROPER TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION RETAINS THE SERVICES OF A MANAGEMENT COMPANY TO MONITOR BOARD ACTIVITY AND DOCUMENT THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT COMPANY PROVIDES THE MEMBERSHIP WITH CANDIDATE INFORMATION IN CONJUNCTION WITH ELECTION MEETINS. FORM 990, PART VI, SECTION B, LINE 15 N/A FORM 990, PART VI, SECTION C, LINE 19 UPON CLOSE OF ESCROW, OWNERS RECEIVE A COPY OF THE ASSOCIATION'S GOVERNING DOCUMENTS. ANNUAL AUDITED FINANCIALS ARE MAILED TO THE MEMBERSHIP IN ACCORDANCE WITH CIVIL CODE REQUIREMENTS. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E LANDSCAPE MAINTENANCE: PROGRAM SERVICE EXPENSES 16,764. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,764. ADMINISTRATIVE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,887. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,887. ROOF: PROGRAM SERVICE EXPENSES 8,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,900. TELEPHONE/CABLE/INTERNET: PROGRAM SERVICE EXPENSES 6,072. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,072. CUSTODIAL: PROGRAM SERVICE EXPENSES 5,784. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,784. WATER: PROGRAM SERVICE EXPENSES 4,702. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,702. GAS: PROGRAM SERVICE EXPENSES 2,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,100. RUBBISH COLLECTION: PROGRAM SERVICE EXPENSES 1,357. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,357. RESERVE STUDY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 950. GENERAL MAINTENANCE: PROGRAM SERVICE EXPENSES 901. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 901. PEST CONTROL: PROGRAM SERVICE EXPENSES 790. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 790. SECURITY: PROGRAM SERVICE EXPENSES 546. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 546. PLUMBING: PROGRAM SERVICE EXPENSES 279. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 279.