2025-11-28T12:38:44-06:00 2024-12-31 541917519 DALY HAMAD & ASSOCIATES PLLC 1037 STERLING RD SUITE 204 HERNDON VA 20170 990 2024-01-01 237297994 GEORGETOWN WOODS OWNERS ASSOCIATION C/O SUMMIT MANAGEMENT GEOR 3014950146 3833 FARRAGUT AVENUE KENSINGTON MD 208952004 BRADLEY MARKHAM PRESIDENT 3014950146 2025-11-26 1 0 DANIEL HAMAD CPA P00225564 7037969501 2025-11-28 2024 2025-03-06 01:10:19Z BRADLEY MARKHAM 3833 FARRAGUT AVENUE KENSINGTON MD 208952004 162602 0 X N/A X 1968 VA MAINTENANCE OF COMMONLY OWNED PROPERTY 4 4 0 0 0 0 0 0 143746 147409 19650 11492 1567 3701 164963 162602 0 0 0 0 0 0 0 0 0 125284 180565 125284 180565 39679 -17963 944398 930920 19067 23552 925331 907368 OPERATING AND MAINTAINING THE COMMON PROPERTY OF GEORGETOWN WOODS OWNERS ASSOCIATION WHICH CONSISTS OF 154 RESIDENTIAL TOWNHOMES LOCATED IN ALEXANDRIA, VIRGINIA. 0 0 145946 151110 THE ASSOCIATION WAS ORGANIZED TO COLLECTIVELY MAINTAIN AND PRESERVE THE COMMON PROPERTY AND TO PROMOTE THE HEALTH, SAFETY, AND WELFARE OF THE RESIDENTS THEREIN. THE COMMON PROPERTY IS OPEN, ACCESSIBLE, AND UTILIZED BY THE GENERAL PUBLIC. 145946 0 0 0 1 0 0 0 0 0 0 0 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 X SUMMIT MANAGEMENT 3014950146 3833 FARRAGUT AVENUE KENSINGTON MD 208952004 X BRADLEY MARKHAM PRESIDENT 1.00 X X 0 0 0 HEATHER STACKHOUSE TREASURER 1.00 X X 0 0 0 CHRISTIAN KLEIN VICE-PRESIDENT 1.00 X X 0 0 0 GREGOR RUDL BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 611430 147409 147409 147409 11492 11492 OTHER INCOME 900099 2562 2562 CREDIT LOSS - ASSESSME 621910 1139 1139 3701 162602 151110 0 11492 25836 25836 5533 5533 3250 3250 5188 5188 6931 6931 LANDSCAPING AND TREE MA 47061 47061 TRASH REMOVAL 42841 42841 GROUNDS 27984 27984 RESERVE EXPENDITURES 8872 8872 7069 7069 180565 145946 34619 0 34021 20972 902792 902196 4289 5068 2235 2310 1061 374 944398 930920 2408 439 16659 23113 19067 23552 X 21477 -13202 903854 920570 925331 907368 944398 930920 -17963 0 X 0 1 X 1 0 1 0 0 0 X 162602 0 162602 0 162602 180565 0 180565 0 180565 PART X, LINE 2: THE INCOME TAX POSITIONS TAKEN BY THE ASSOCIATION FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT THE ASSOCIATION CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT THEY HAVE PROPERLY REPORTED UNRELATED BUSINESS INCOME THAT IS SUBJECT TO INCOME TAXES. THE ASSOCIATION BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE UNRECOGNIZED TAX LIABILITIES WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE ASSOCIATION'S FEDERAL INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION. FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION HAS DELEGATED MANAGEMENT DUTIES TO SUMMIT MANAGEMENT COMPANY FOR FINANCIAL MANAGEMENT PLUS SERVICES UNDER A WRITTEN AGREEMENT. FORM 990, PART VI, SECTION A, LINE 6 EVERY PERSON OR ENTITY WHO IS A RECORD OWNER OR UNDIVIDED FEE INTEREST IN A LOT WITHIN THE GEORGETOWN WOODS RESIDENTIAL TOWNHOMES IN ALEXANDRIA, VIRGINIA SHALL BE A MEMBER OF THE ASSOCIATION UPON THE ACCEPTANCE OF THEIR APPLICATION BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THE BY-LAWS OF THE ASSOCIATION. OWNERSHIP OF SUCH LOT SHALL BE THE SOLE QUALIFICATION FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SHALL ELECT THE BOARD OF DIRECTORS ANNUALLY FOR A TERM OF ONE YEAR AS PROVIDED FOR BY THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B THE ASSOCIATION REQUIRES THE APPROVAL OF MEMBERS FOR THE VARIOUS GOVERNANCE DECISIONS INCLUDING BUT NOT LIMITED TO THE FOLLOWING: AMOUNT OF INDEBTEDNESS, MERGERS AND CONSOLIDATIONS, AUTHORITY TO OBTAIN A MORTGAGE OR OTHER ENCUMBRANCE BY THE ASSOCIATION OF THE COMMON AREA, AUTHORITY TO DEDICATE, SELL OR TRANSFER ALL OR ANY PART OF THE COMMON AREA TO ANY PUBLIC AGENCY, AUTHORITY, OR UTILITY, AND DISSOLUTION OF THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE BOARD PRIOR TO SIGNING AND SENDING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 15 THE ASSOCIATION'S OFFICERS AND DIRECTORS ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE MANAGEMENT AGENT OF THE ASSOCIATION, SUMMIT, MAINTAINS A COPY THAT ANY MEMBER CAN MAKE A REQUEST TO EITHER INSPECT ON SUMMIT'S PREMISES OR HAVE A COPY MAILED TO THEM.