2024-11-22T12:38:25-06:00 2024-03-31 593618759 WALTERS & ASSOCIATES CPAS 3277 FRUITVILLE ROAD BLDG E SARASOTA FL 34237 990 2023-04-01 566683422 KINGS POINT SUN CITY CENTER WEST KING 9043551831 245 RIVERSIDE AVE SUITE 300 JACKSONVILLE FL 33573 JAMES GUNDRY PRESIDENT 2563418613 2024-11-22 1 1 SVETLANA MAHORIVSKYY P00746076 9413664450 2024-10-28 2023 2024-10-15 13:58:12Z JAMES GUNDRY 14942224 0 X N/A X 2007 FL THE KINGS POINT SUN CITY CENTER WEST LAND TRUST (THE TRUST) WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIONAL PROPERTY LEASES AND THE BUILDINGS, IMPROVEMENTS, AND RELATED FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KINGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SWIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERETO. 8 8 0 22 358146 5681 9798091 10846960 4498039 3968548 77577 112774 0 0 14373707 14928282 0 0 0 0 0 0 0 0 0 13700270 14271702 13700270 14271702 673437 656580 43107811 42421753 47094528 45751890 -3986717 -3330137 X THE KINGS POINT SUN CITY CENTER WEST LAND TRUST (THE TRUST) WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIONAL PROPERTY LEASES AND THE BUILDINGS, IMPROVEMENTS, AND RELATED FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KINGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SWIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERETO. 0 0 THE KINGS POINT SUN CITY CENTER WEST LAND TRUST (THE TRUST) WAS FORMED FOR THE PURPOSE OF ACQUIRING THE LONG-TERM RECREATIONAL PROPERTY LEASES AND THE BUILDINGS, IMPROVEMENTS, AND RELATED FURNITURE AND FIXTURES FOR THE USE AND ENJOYMENT BY THE MEMBERS OF KINGS POINT SUN CITY CENTER WEST. THE MEMBERS ARE ABLE TO COMMINGLE, SOCIALIZE AND ENJOY THE FACILITIES AND PROGRAMS, INCLUDING SWIMMING POOLS, RECREATIONAL AREAS, A THEATER, MEETING SPACE AND OTHER SERVICES RELATED THERETO. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 1 53 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 FL X DANIEL ARMSTRONG 9048135019 245 RIVERSIDE AVE STE 250 JACKSONVILLE FL 32202 X JAMES GUNDRY PRESIDENT 1.00 X X 0 0 0 TOM RICKETTS VICE PRESIDENT 1.00 X X 0 0 0 DIANE DANIELS SECRETARY 1.00 X X 0 0 0 RICHARD RESNICK TREASURER 1.00 X X 0 0 0 ANGELA MAZE DIRECTOR 1.00 X 0 0 0 RAY SHAW DIRECTOR 1.00 X 0 0 0 SUE MARTUCCI DIRECTOR 1.00 X 0 0 0 SHIRLEY BARDELL DIRECTOR 1.00 X 0 0 0 RANDY MARTIN DIRECTOR 1.00 X 0 0 0 KINGS POINT WEST TRUST CO LLC TRUSTEE 0.00 X 0 0 0 0 0 0 0 0 0 0 VESTA PROPERTY SERVICES 245 RIVERSIDE AVE SUITE 300 JACKSONVILLE FL 32202 MANAGEMENT FEES 389280 PHILADELPHIA INSURANCE CO 200 COLONIAL CENTER PKWY 35 LAKE MARY FL 32746 INSURANCE 385581 TAMPA ELECTRIC 1400 CHANNELSIDE DR TAMPA FL 33605 UTILITIES 383344 US FOODS INC 7004 E HANNA AVE TAMPA FL 33610 FOOD 375915 EDWARD DON & CO 12679 NEW BRITTANY BLVD 1W FORT MYERS FL 33907 EQUIPMENT, DINNERWARE, KITCHEN SUPPLIES 352741 5 10846960 10846960 FOOD AND BEVERAGE SALES 722511 2571928 2571928 EVENTS 721000 761019 761019 MISC REVENUE 721000 327841 40656 287185 SPA SERVICES 812900 307760 307760 3968548 126716 55755 70961 13942 -13942 -13942 -13942 14928282 3723176 358146 0 5198090 2777632 1854780 543970 FOOD & BEVERAGE COSTS 1178761 UTILITIES 733332 REPAIRS & MAINTENANCE 612723 EVENTS EXPENES 537437 834977 14271702 1212088 1296163 2750000 2703018 12178 6939 42112 227269 390443 42536954 20187994 22820803 22348960 16043361 15676230 43107811 42421753 588228 523862 163997 139276 46144375 44934579 197928 154173 47094528 45751890 X 0 0 0 0 -3986717 -3330137 -3986717 -3330137 43107811 42421753 656580 0 X X 0 1 X 0 0 3470000 3470000 34046448 15167488 18878960 5020506 5020506 0 22348960 LEASE OBLIGATION 154173 154173 X 15319005 390723 390723 14928282 0 14928282 14662425 390723 390723 14271702 0 14271702 PART X, LINE 2: THE TRUST HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE DATED APRIL 2, 2009, STATING THAT THE TRUST IS QUALIFIED UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, AND THEREFORE IS EXEMPT FROM TAXATION. AS SUCH, NO TAX EFFECT HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED TAX POSITIONS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC)740, INCOME TAXES, AND HAS NOT IDENTIFIED ANY TAX POSITIONS, OTHER THAN PREPARING TAX RETURNS UNDER SECTION 501(C)(7), THAT REQUIRE DISCLOSURE. THE TRUST'S FEDERAL INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE FEDERAL INCOME TAX RETURNS WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: MANAGMENT FEE PASS-THROUGH PART XII, LINE 2D - OTHER ADJUSTMENTS: MANAGMENT FEE EXPENSE SCHEDULE D, PAGE 4 PART XI, LINE 2D MANAGEMENT FEE PASS-THROUGH: $390,723 SCHEDULE D, PAGE 4 PART XII, LINE 2D MANAGEMENT FEE EXPENSE: $390,723 FORM 990, PART VI, SECTION A, LINE 3 VESTA PROPERTY SERVICES, INC IS ENGAGED TO MANAGE AND MAINTAIN THE FACILITIES AND TO CARRYOUT THE COLLECTION OF MEMBERHIP DUES AND FEES AND PAYMENT OF VENDORS. MANAGEMENT USES A THIRD PARTY PAYER TO ADMINISTER PAYROLL. FORM 990, PART VI, SECTION A, LINE 7B VOTE BY MEMBERS REQUIRED TO SELL ASSETS OR AMEND THE TRUST AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT COMPANY REVIEWS AND AGREES TO TRUST RECORDS. IF THEY TIE OUT THE MANAGEMENT COMPANY DELIVERS TO FEDERATION TO PRESENT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A TRUST EMPLOYS A THIRD PARTY PROFESSIONAL MANAGER AND THAT MANAGER HANDLES ALL EMPLOYMENT COMPENSATION ISSUES. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR