2024-06-07T12:49:21-05:00 2023-06-30 330244756 OWENS MOSKOWITZ AND ASSOCIATES INC 27792 EL LAZO LAGUNA NIGUEL CA 92677 990 2022-07-01 237002952 WESTLAKE ISLAND PROPERTY OWNERS' ASSOC C/O POWERSTONE PROP MGMT WEST 8054131170 ONE BOARDWALK AVENUE 102 THOUSAND OAKS CA 91360 MICHAEL MEISEL PRESIDENT 8054131170 2024-06-07 MICHAEL MEISEL 999009999 0 ROBERT A OWENS CPA P01414999 9498515020 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL MEISEL ONE BOARDWALK AVENUE SUITE 102 THOUSAND OAKS CA 91360 1071264 0 X N/A X 1967 CA PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL RESIDENTS WITHIN THE COMMUNITY. THE POPULATION OF THE ASSOCIATION IS APPROXIMATELY 1,500. NO GRANTS ARE PROVIDED TO OTHERS. THE ASSOCIATION OWNS AND MAINTANS A VARIETY OF GREENBELTS AND PARK AREAS. ALL FACILITIES ARE AVAILABLE TO RESIDENTS AND THEIR GUESTS ON AN UNRESTRICTED BASIS. 5 5 0 0 0 0 855400 1029189 0 0 3794 12574 56104 29501 915298 1071264 0 0 0 0 0 0 0 0 0 994005 881226 994005 881226 -78707 190038 867071 1051992 173343 168226 693728 883766 SEE SCHEDULE O 0 0 697304 THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOC. ARE TO BRING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY, AND BY OWNING, OPERATING, AND MAINTAINING THE PROPERTIES FOR USE OF ALL RESIDENTS IN THE ENTIRE COMMUNITY ON CERTAIN REAL PROPERTY LOCATED IN WESTLAKE VILLAGE, CA. AMONG THE GENERAL PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL RESIDENTS WITHIN THE COMMUNITY. THE POPULATION OF THE ASSOC. IS APPROX. 1,500. NO GRANTS ARE PROVIDED TO OTHERS. THE ASSOC. OWNS AND MAINTAINS A VARIETY OF GREENBELTS AND PARK AREAS. ALL FACILITIES ARE AVAILABLE TO RESIDENTS AND THEIR GUESTS ON AN UNRESTRICTED BASIS. 697304 0 0 0 1 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 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 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 THE EMMONS COMPANY 8054131170 ONE BOARDWALK AVENUE SUITE 102 THOUSAND OAKS CA 91360 X MICHAEL MEISEL PRESIDENT 2.00 X 0 0 0 ALAN JEFFERY VICE PRESIDENT 2.00 X 0 0 0 ANDREW KANE TREASURER 2.00 X 0 0 0 ALISON COLBURN SECRETARY 2.00 X 0 0 0 AUDREY ISRAEL MEMBER AT LARGE 2.00 X 0 0 0 0 0 0 0 0 0 0 ALLIED UNIVERSAL SECURITY SERVICES 700 S FLOWER ST STE 400 LOS ANGELES CA 90017 MONTHLY SECURITY CONTRACT 383076 1 1029189 1029189 12574 12574 OTHER INCOME 531390 29501 29501 29501 1071264 42075 0 0 X 80340 80340 11008 11008 1998 1998 34187 34187 SECURITY 491269 491269 LANDSCAPE MAINTENANCE 74482 74482 ADMINISTRATIVE 55339 55339 GENERAL MAINTENANCE 41242 41242 91361 90311 1050 881226 697304 183922 0 164733 53456 654244 962757 29855 14325 18239 21454 867071 1051992 8286 46689 106298 48828 58759 72709 173343 168226 X 39484 72701 0 0 654244 811065 693728 883766 867071 1051992 190038 0 X 0 1 X 0 0 1 0 0 0 ARCHITECTURAL DEPOSITS 72709 72709 918845 0 918845 152419 152419 1071264 881226 0 881226 0 881226 PART XI, LINE 2D - OTHER ADJUSTMENTS: RESERVE ASSESSMENTS RECOGNIZED PART XI, LINE 4B - OTHER ADJUSTMENTS: RESERVE ASSESSMENTS DEFERRED PER FASB 606 152,419. FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION USES THE SERVICES OF THE EMMONS COMPANY TO HANDLE DAY TO DAY OPERATIONS OF THE DEVELOPMENT INCLUDING COLLECTIONS, BILLS PAYMENTS, HOMEOWNER 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 BECOME 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 329 VOTING MEMBERS. BOARD MEMBERS SERVE A 2 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, THE ASSOCIATION'S BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF FORM 990. AFTER REVIEWING THE RETURN, THE BOARD'S TREASURER SIGNS AS THE BOARD REPRESENTATIVE AND FILES THE RETURN. 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 MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 N/A FORM 990, PART VI, SECTION C, LINE 19 UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER RECEIVES A COPY OF THE ASSOCIATION'S GOVERNING DOCUMENTS THROUGH ESCROW. COPIES OF THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E ENTRANCE: PROGRAM SERVICE EXPENSES 25,907. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,907. BRIDGE: PROGRAM SERVICE EXPENSES 18,175. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,175. STREET SWEEPING: PROGRAM SERVICE EXPENSES 15,696. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,696. WATER: PROGRAM SERVICE EXPENSES 11,391. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,391. LIGHTING/ELECTRICAL: PROGRAM SERVICE EXPENSES 9,881. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,881. ELECTRICITY: PROGRAM SERVICE EXPENSES 7,221. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,221. TELEPHONE: PROGRAM SERVICE EXPENSES 2,040. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,040. RESERVE STUDY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,050. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,050.