2024-10-30T14:40:20-04:00 2023-12-31 263519134 NEWMAN CERTIFIED PUBLIC ACCOUNTANT PC 2701 LOKER AVE W STE 230 CARLSBAD CA 92010 990 2023-01-01 237173063 PALO VERDE RANCH HOMEOWNERS ASSOCIATION PALO 8584950900 9665 CHESAPEAKE DRIVE SUITE 300 SAN DIEGO CA 92123 ADAM WHITLOCK PRESIDENT 2024-06-26 true false JEREMY NEWMAN P00861547 8445607300 2024-10-30 2023 2024-10-15 13:58:12Z ADAM WHITLOCK 9665 CHESAPEAKE DRIVE SUITE 300 SAN DIEGO CA 92123 691981 false X PALOVERDERANCH.NET X 1971 CA PROVIDE AND MAINTAIN COMMONLY OWNED AREAS OF THE DEVELOPMENT, INCLUDING A CLUBHOUSE AND VARIOUS RECREATIONAL FACILITIES FOR USE BY THE ASSOCIATION'S MEMBERS. 7 7 0 7 17373 12176 0 625700 674608 9450 17373 0 635150 691981 0 0 176278 202300 0 0 487147 521876 663425 724176 -28275 -32195 1343803 1376541 758894 827433 584909 549108 PROVIDE AND MAINTAIN COMMONLY OWNED AREAS OF THE DEVELOPMENT, INCLUDING A CLUBHOUSE AND VARIOUS RECREATIONAL FACILITIES FOR USE BY THE ASSOCIATION'S MEMBERS. false false 655041 674608 PROVIDE AND MAINTAIN COMMONLY OWNED AREAS OF THE DEVELOPMENT, INCLUDING A CLUBHOUSE AND VARIOUS RECREATIONAL FACILITIES FOR USE BY ASSOCIATION'S MEMBERS. 655041 false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 true true false false false false 3169 false false false X 7 7 false true false false true true true true true false false false false false false false false false CA X WALTERS MANAGEMENT 8584950900 9665 CHESAPEAKE DRIVE SUITE 300 SAN DIEGO CA 92123 X CHARLIE FREIJ DIRECTOR AT 5.00 X 0 0 0 MICHAEL FUNTAS DIRECTOR AT 5.00 X 0 0 0 TRISTAN PHILLIPS DIRECTOR AT 5.00 X 0 0 0 ADAM WHITLOCK PRESIDENT 5.00 X 0 0 0 JURG HEUBERGER VICE PRESIDE 5.00 X 0 0 0 KAREN FARRINGTON TREASURER 5.00 X 0 0 0 SARAH ROBINSON SECRETARY 5.00 X 0 0 0 false false false OWNERS' ASSESSMENTS 813990 311929 311929 JOINT FACILITIES PVR 813990 198580 198580 JOINT FACILITIES RPV 813990 149806 149806 OTHER MEMBER INCOME 813990 14293 14293 674608 17373 17373 691981 674608 17373 202300 202300 39577 39577 6423 6423 19310 19310 27240 27240 51526 51526 JF OP CONTRIBUTIONS 198580 198580 MAINTENANCE 85523 85523 UTILITIES 48761 48761 JF RESERVE CONTRIBUTIONS 28500 28500 16436 12611 3825 724176 655041 69135 0 443406 497775 593650 594379 1499 2771 3182 15155 11054 3679 1230482 968110 289612 262372 1400 410 1343803 1376541 9995 8500 5752 8575 743147 810358 758894 827433 X 575795 542721 9114 6387 584909 549108 1343803 1376541 X -32195 -4750 1144 X true X false true false 204452 204452 1026030 968110 57920 262372 CONTRACT LIABILITIES - RESERVES 793278 DUE TO PALO VERDE RANCH HOA 15155 INCOME TAX PAYABLE 1925 810358 691981 691981 691981 724176 724176 724176 FORM 990, PAGE 6, PART VI, LINE 3 DAILY OPERATIONS ARE MANAGED BY AN INDEPENDENT, PROFESSIONAL MANAGEMENT COMPANY. THE MANAGEMENT COMPANY ACTS AS AN AGENT FOR THE CORPORATION. THE BOARD OF DIRECTORS APPOINTS AND SUPERVISES THOSE WHO ARE RESPONSIBLE FOR THE DAILY ACTIVITIES. THE BOARD OF DIRECTORS GOVERNS THE ORGANIZATION IN ITS PURSUIT OF THE CORPORATION'S CHARITABLE MISSION, AND BOARD MEMBERS ALSO CARRY LEGAL AND ETHICAL RESPONSIBILITIES BECAUSE THEY HOLD THE NONPROFIT'S ASSETS IN TRUST FOR THE PUBLIC. FURTHERMORE, BOARD MEMBERS HAVE A LEGAL DUTY OF LOYALTY TO THE CORPORATION AND MUST ABSTAIN FROM VOTING ON MATTERS IN WHICH THEY HAVE A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 6 A MEMBER OF THE ASSOCIATION WOULD GENERALLY BE A SUBSCRIBER TO THE CORPORATION'S MEMORANDUM OF ASSOCIATION (ARTICLES OF INCORPORATION) WITH THE MEMBER'S NAME ENTERED IN THE CORPORATION'S REGISTER OF MEMBERS WHEN THE FIRM IS REGISTERED (OR INCORPORATED). OWNERS AUTOMATICALLY BECOME MEMBERS OF THE ASSOCIATION. FORM 990, PAGE 6, PART VI, LINE 7A THE CORPORATION IS STRUCTURED TO HAVE MEMBERS WHO HAVE THE RIGHT TO ELECT DIRECTORS OF THE CORPORATION. DURING EACH YEAR, THE CORPORATION HOLDS AN ANNUAL ELECTIONS MEETING WHERE THE ASSOCIATION MEMBERS ELECT THE BOARD MEMBERS FOR THE NEXT YEAR. THE SPECIFIC METHOD OF THE BOARD'S ELECTION PROCESS IS FORMALLY SET IN THE CORPORATION'S ORGANIZATIONAL DOCUMENTS FORM 990, PAGE 6, PART VI, LINE 7B AN ORGANIZATION'S GOVERNING DOCUMENTS DICTATE THE VARIOUS RESOLUTIONS THAT REQUIRE MEMBERSHIP APPROVAL. THE BYLAWS SPECIFY WHEN BOARD MEETINGS MUST BE HELD AND HOW MANY BOARD MEMBERS MUST BE PRESENT TO PASS OFFICIAL BUSINESS MATTERS VIA VOTE. THE ASSOCIATION COMPLIES WITH ALL STATE REQUIREMENTS FOR COMMUNITY INTEREST DEVELOPMENTS REGARDING MEMBERSHIP APPROVAL. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 AND OTHER REQUIRED STATE INCOME TAX RETURNS ARE PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT AS PART OF THE REVIEW PROCESS. THESE INCOME TAX RETURNS ARE THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND SIGNATURE AUTHORIZATION PRIOR TO THEIR FILING. FORM 990, PAGE 6, PART VI, LINE 12C A CONFLICT OF INTEREST STATEMENT IS SIGNED BY THE BOARD MEMBERS WHEN THEY JOIN THE BOARD OF DIRECTORS, AND THIS STATEMENT IS UPDATED FOR ANY CHANGES WHEN NECESSARY. FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC ON THE STATE OF CALIFORNIA'S SECRETARY OF STATE WEBSITE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 BEGINNING BALANE ADJUSTMENT 1,144