2026-09-14T16:37:18-05:00 2025-10-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-11-01 237097939 SPRING VALLEY LAKE ASSOCIATION SPRI 7602459756 13325 SPRING VALLEY PKWY VICTORVILLE CA 92395 RHONDA LEON PRESIDENT 7602459756 2026-09-14 1 1 LISA N RYSSEL CPA P00643670 7147955370 2026-09-14 2024 RHONDA LEON 13325 SPRING VALLEY PKWY VICTORVILLE CA 92395 6929524 0 X WWW.SVLA.COM X 1969 CA MANAGEMENT AND CARE OF THE COMMON AREA INCLUDING 4,214 LOTS, 200 ACRE LAKE, BUILDING AND PARKS. 7 7 80 45 0 0 6959908 5443689 0 598026 183187 134860 1036741 2949 8179836 6179524 0 0 0 0 3413777 3387949 0 0 0 2452038 2342124 5865815 5730073 2314021 449451 9499914 11534980 769221 5059903 8730693 6475077 ASSOCIATION IS RESPONSIBLE FOR MANAGEMENT, MAINTENANCE, REPAIR AND REPLACEMENT OF THE COMMON AREA THAT COMPRISES 4,214 LOTS, 200 SURFACE ACRE FRESH WATER LAKE, COMMUNITY BUILDING AND SEVERAL PARKS. 0 0 4642530 0 600975 ASSOCIATION IS RESPONSIBLE FOR MANAGEMENT, MAINTENANCE, REPAIR AND REPLACEMENT OF THE COMMON AREA THAT COMPRISES 4,214 LOTS, 200 SURFACE ACRE FRESH WATER LAKE, COMMUNITY BUILDING AND SEVERAL PARKS. 4642530 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 80 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 CA X X LYLE WILLIAMS 7602459756 13325 SPRING VALLEY PKWY VICTORVILLE CA 92395 ALFRED LOGAN GENERAL MANAGER 40.00 X 203429 0 1305 NICHOLAS GONZALEZ DIRECTOR OF OPERATIONS 40.00 X 115932 0 1312 JAY COHEN PRESIDENT (START 12/24) 4.00 X X 0 0 0 TIM CRAIG PRESIDENT (END 12/24) 4.00 X X 0 0 0 VICKI FITCH TREASURER 4.00 X X 0 0 0 DAVID STOLFUS SECRETARY 2.00 X X 0 0 0 CJ EVERSOLE DIRECTOR (START 05/25) 2.00 X 0 0 0 BRAD LETNER DIRECTOR (END 05/25) 2.00 X 0 0 0 PAUL STANTON DIRECTOR 2.00 X 0 0 0 STEVE TROUP DIRECTOR 2.00 X 0 0 0 DENNIS VERHAGEN DIRECTOR 2.00 X 0 0 0 319361 0 2617 2 0 1 0 TINNELLY LAW GROUP 33332 VALLE ROAD SUITE 100 SAN JUAN CAPISTRANO CA 92675 LEGAL SERVICES 115593 ALTERRA ASSESSMENT RECOVERY LLC 33332 VALLE ROAD SUITE 100 SAN JUAN CAPISTRANO CA 92675 LEGAL COLLECTIONS 108593 CID CONSORTIUM LLC 919 RESERVE DR 101 ROSEVILLE CA 95678 ACCOUNTING SERVICES 107036 3 5443689 5443689 MARINA FEES 531390 321956 321956 OWNER FEES 531390 203597 203597 EQUESTRIAN FEES 531390 72473 72473 598026 134860 134860 750000 750000 0 0 OTHER INCOME 900099 2949 2949 2949 6179524 600975 0 134860 292368 292368 2478607 2478607 40600 40600 354133 354133 222241 222241 171349 171349 203381 203381 175900 125620 50280 2007 2007 127224 127224 1716 1716 148753 148753 60693 60693 19976 19976 521070 521070 UTILITIES 305788 305788 LAKE, MARINA, AND EQUES 236883 236883 VEHICLES, EQUIPMENT, AN 162595 162595 REPAIRS AND REPLACEMENT 141228 141228 63561 51038 12523 5730073 4642530 1087543 0 183333 572430 5064725 6410953 582969 673000 4903 7842 73253 129549 742859 587501 23090 155358 3567641 3567641 0 18207 9499914 11534980 483540 350319 285681 4709584 769221 5059903 X 8730693 6475077 8730693 6475077 9499914 11534980 449451 -2705067 0 X X 0 1 X 1 0 742859 587501 155358 155358 ASSESSMENTS PAID IN ADVANCE 320845 REFUNDABLE DEPOSITS AND OTHER LIABILITIES 59268 OPERATING LEASE LIABILITY 18914 DEFERRED ASSESSMENTS FOR FUTURE MAJOR REPAIRS 4310557 4709584 X 6179524 0 6179524 0 6179524 5730073 0 5730073 0 5730073 PART X, LINE 2: SPRING VALLEY LAKE ASSOCIATION IS ORGANIZED AS CALIFORNIA NONPROFIT CORPORATIONS AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS ORGANIZATIONS DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(4), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER IRC SECTIONS 509(A)(1) AND (3), RESPECTIVELY. THE ASSOCIATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE ASSOCIATION FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. INCOME TAXES ARE PAID ON INCOME FROM SOURCES WHICH ARE NOT RELATED TO THE NONPROFIT MEMBERSHIP PURPOSES OF THE ASSOCIATION. NONMEMBERSHIP INCOME, LESS RELATED NONMEMBERSHIP EXPENSES, SUBJECT TO FEDERAL AND CALIFORNIA INCOME TAXES INCLUDES INTEREST EARNED ON CASH AND CASH EQUIVALENTS AND INVESTMENTS. THE ASSOCIATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES: FEDERAL INCOME TAX RETURNS FOR THE PREVIOUS THREE YEARS REMAIN OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND CALIFORNIA INCOME TAX RETURNS FOR THE PREVIOUS FOUR YEARS REMAIN OPEN TO EXAMINATION BY THE FRANCHISE TAX BOARD. IN EVALUATING THE ASSOCIATION'S TAX PROVISIONS AND ACCRUALS, THE ASSOCIATION BELIEVES THAT ITS ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THERE WERE NO STATE INCOME TAXES PAYABLE AS OF OCTOBER 31, 2025. 0 0 0 0 0 0 0 0 0 ALFRED LOGAN GENERAL MANAGER 203429 0 0 0 0 0 0 0 1305 0 204734 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AS A HOMEOWNER ASSOCIATION, WHEN A PERSON BUYS A HOME WITHIN THE COMMUNITY, THEY AUTOMATICALLY BECOME A MEMBER OF THE ASSOCIATION SUBJECT TO THE ASSOCIATION'S GOVERNING DOCUMENTS. FORM 990, PART VI, SECTION A, LINE 7A GOVERNING BODY IS ELECTED BY THE HOMEOWNER MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B UNDER CERTAIN CIRCUMSTANCES, THE TAXPAYER'S MEMBERSHIP MUST APPROVE ACTIONS THAT THE BOARD OF DIRECTORS APPROVES AND / OR RECOMMENDS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990, AS WELL AS THE DRAFT AUDITED FINANCIAL STATEMENTS, ARE DISCUSSED AND REVIEWED BY THE BOARD OF DIRECTORS, AS WELL AS THE GENERAL MANAGER, BEFORE THE RETURN IS SIGNED AND FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S WEBSITE ALLOWS MEMBERS AND NONMEMBERS ACCESS TO THE GOVERNING DOCUMENTS AS WELL AS THE FINANCIAL STATEMENTS. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.