| FORM 990 - ORGANIZATION'S MISSION |
THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOCIATION ARE TO BRING CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY BY OWNING, OPERATING AND MAINTAINING THE PROPERTIES FOR USE OF ALL. |
| FORM 990, PAGE 6, PART VI, LINE 3 |
THE ASSOCIATION HIRES (UNDER A COMPETITIVE BID PROCESS APPROVED BY THE BOARD OF DIRECTORS) THE SERVICES OF A PROFESSIONAL MANAGEMENT COMPANY WHICH MANAGES THE DAY TO DAY ADMINISTRATIVE DUTIES OF THE ORGANIZATION SUBJECT TO THE OVERSIGHT OF THE BOARD OF DIRECTORS. THE MANAGEMENT COMPANY ACTS AS AN AGENT FOR THE ASSOCIATION. |
| FORM 990, PAGE 6, PART VI, LINE 6 |
AS PER THE GOVERNING DOCUMENTS, RESIDENTS BECOME MEMBERS BY VIRTUE OF OWNING A UNIT IN THE COMMUNITY. THE ASSOCIATION IS MADE UP OF 12 DELEGATE DISTICTS WITH A TOAL OF 1,432 MEMBERS. 1,432 RESIDENTIAL UNITS OCCUPY A SITE IN LAGUNA NIGUEL, CALIFORNIA. |
| FORM 990, PAGE 6, PART VI, LINE 7A |
MEMBERS HAVE VOTING RIGHTS ACCORDED TO THEM BY VIRTUE OF OWNING A UNIT IN THE COMMUNITY AS SPECIFIED IN THE ASSOCIATION'S GOVERNING DOCUMENTS. THE MEMBERS ELECT A BOARD OF DIRECTORS WHICH PROVIDES OVERSIGHT FOR THE ASSOCIATION'S BUSINESS AFFAIRS AS WELL AS SERVICES PROVIDED BY THE MANAGEMENT COMPANY. |
| FORM 990, PAGE 6, PART VI, LINE 7B |
THE ASSOCIATION'S GOVERNING DOCUMENTS SPECIFY THE VARIOUS RESOLUTIONS REQUIRING MEMBERSHIP APPROVAL. MOST RESOLUTIONS REQUIRE ONLY BOARD OF DIRECTORS APPROVAL. THE ASSOCIATION COMPLIES WITH ALL STATE REQUIREMENTS FOR COMMUNITY INTEREST DEVELOPMENTS REGARDING MEMBERSHIP APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 11B |
ASSOCIATION'S BOARD OF DIRECTORS REVIEWS AND APPROVES THE TAX RETURNS. |
| FORM 990, PAGE 6, PART VI, LINE 15A |
THE ASSOCIATION HAD NO EMPLOYEES. THE ASSOCIATION DOES NOT COMPENSATE ITS OFFICERS OR BOARD OF DIRECTORS. NO POLICY OR PROCEDURE FOR COMPENSATION IS REQUIRED. |
| FORM 990, PAGE 6, PART VI, LINE 18 |
ALL DOCUMENTS REQUIRED TO BE DISCLOSED BY THE ASSOCIATION ARE AVAILABLE UPON REQUEST AT THE OFFICES OF ITS MANAGEMENT COMPANY. |
| FORM 990, PAGE 6, PART VI, LINE 19 |
ALL DOCUMENTS REQUIRED TO BE DISCLOSED BY THE ASSOCIATION ARE AVAILABLE UPON REQUEST AT THE OFFICES OF ITS MANAGEMENT COMPANY. |
| FORM 990, PART IX, LINE 24E |
BOOSTER PUMPS 81,737 0 0 PATROL & SECURITY 62,662 0 0 FUEL MODIFICATION 58,831 0 0 PEST CONTROL 38,760 0 0 LIGHTING SERVICE 30,913 0 0 PAINTING 15,694 0 0 COMMON AREA 13,366 0 0 WROUGHT IRON 9,945 0 0 BAD DEBT 8,664 0 0 CONTINGENCY 6,848 0 0 JANITORIAL 1,826 0 0 PROPERTY TAX 1,139 0 0 STREET SWEEPING 1,124 0 0 INCOME TAX 202 0 0 LICENSES, PERMITS & FEES 50 0 0 TOTAL 331,761 0 0 |
Attach to Form 990 or 990-EZ.