2021-09-23T15:08:23-05:00 2021-03-31 203094898 WC GOLDBERG& CO PC 4429 BONNEY ROAD SUITE 420 VIRGINIA BEACH VA 23462 990 2020-04-01 540884209 LAKE CAROLINE POAINC LAKE 8044483400 75 SARATOGA COVE RUTHER GLEN VA 23059 JEFF HALSAVER PRESIDENT 8044483400 2021-09-21 JEFF HALSAVER 999009999 WENDY C GOLDBERG CPA P00461835 7572330161 2021-09-22 2020 2022-09-23 18:48:47Z JEFF HALSAVER 2789642 false X WWW.LAKECAROLINE.NET X 1996 VA TO PROVIDE MANAGEMENT, MAINTENANCE, PRESERVATION, AND ARCHITECTURAL CONTROL WITHIN THE LAKE CAROLINE SUBDIVISION. 6 6 47 0 169400 2005193 2608939 4939 11303 0 2010132 2789642 0 0 877349 888752 0 0 1189294 1137229 2066643 2025981 -56511 763661 2161206 3024868 3272 82338 2157934 2942530 TO PROVIDE MANAGEMENT, MAINTENANCE, PRESERVATION, AND ARCHITECTURAL CONTROL WITHIN THE LAKE CAROLINE SUBDIVISION. false false TO PROVIDE MANAGEMENT, MAINTENANCE, PRESERVATION, AND ARCHITECTURAL CONTROL FOR THE AREA WITHIN THE 1,400 ARCES OF THE LAKE CAROLINE SUBDIVISION. THE ASSOCIATION IS COMPRISED OF 1,371 MEMBERS WHO OWN 1,550 LOTS AS OF MARCH 31, 2021. false true false false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 47 true false false false false false false false false X 6 6 false false false false false true false true true false false true true true true false true false false false X THE ASSOCIATION 8044483400 75 SARATOGA COVE RUTHER GLEN VA 23059 DAVID RABABY EXECUTIVE MA 40.00 X 73479 0 0 DENNIS CANNON SECRETARY X X 0 0 0 JEFF HALSAVER PRESIDENT 2.00 X X 0 0 0 VINCE MARTINEZ DIRECTOR X 0 0 0 KAREN MASON DIRECTOR X 0 0 0 CRAIG OPEL TREASUER X X 0 0 0 GEORGE WEBER VICE PRESIDE X X 0 0 0 73479 false false false 169400 169400 ASSESSMENTS AND DUES 2215996 2215996 NEW MEMBER FEES 140250 140250 NEW HOME FEE 108000 108000 OTHER FEES 33897 33897 DISCLOSURE PACKAGES 31426 31426 79370 79370 2608939 11303 11303 2789642 2608939 11303 73479 58783 14696 712117 712117 4305 4305 40285 39479 806 58566 57395 1171 46675 46675 46550 23275 23275 19473 19473 17497 4965 12532 47395 47395 70133 70133 RESERVE FUND EXPENSES 641797 641797 REPAIRS AND MAINTENANCE 148159 148159 LAKE PRESERVATION 29582 29582 CAPITAL ITEMS 27494 27494 42474 35860 6614 2025981 1966887 59094 0 1449908 1970934 701013 891348 106853 10285 55733 2161206 3024868 36043 3272 46295 3272 82338 X 1456921 2051182 701013 891348 2157934 2942530 2161206 3024868 X 763661 20935 X false true X false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED OTHER LIABILITIES 45250 PAYROLL LIABILITIES 1045 46295 X 2789642 2789642 2789642 2025981 2025981 2025981 SCHEDULE D, PAGE 3, PART X THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ASSOCIATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE ASSOCIATION HAS RECOGNIZED NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED MARCH 31, 2021. GENERALLY, THE ASSOCIATION'S TAX RETURNS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS FROM THE DATE OF FILING. SCHEDULE D, PAGE 4, PART XII, LINE 2D DEPRECIATION -483,571 BOOK / TAX DEPRECIATION DIFFERENCE 483,571 FORM 990, PAGE 6, PART VI, LINE 7A ELECTION OF THE BOARD OF DIRECTORS IS BY THE MEMBERS OF THE ASSOCIATION. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING THE RETURN AND DETAIL REVIWEED BY THE EXECUTIVE MANAGER AND TREASURER. FORM 990, PAGE 6, PART VI, LINE 12C THE ASSOCIATION HS A CONFLICT OF INTEREST POLICY THAT IS UPDATED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST. FORM 990, PART XI, LINE 9 PRIOR PERIOD ADJUSTMENT 20,935