PALMETTO DUNES PROPERTY OWNERS ASSOCIATION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- PALMETTO DUNES PROPERTY OWNERS ASSOCIATION (EIN 57-0656625)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-09-16
- IRS object ID
- 202022609349300932
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-09-16T09:43:25-07:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 823331716 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Porter & Lasiewicz CPAs | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3355 Cochran Street Suite 101 | AddressLine1Txt |
| City | Simi Valley | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570656625 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Palmetto Dunes Property Owners | BusinessNameLine1Txt |
| Business Name Line2 | Association Inc | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PALM | BusinessNameControlTxt |
| Phone | 8437851109 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16 Queens Folly Road | AddressLine1Txt |
| City | Hilton Head Island | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29928 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Gayle Cleaveland | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Signature | 2020-09-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Gary A Porter | PreparerPersonNm |
| PTIN | P00027872 | PTIN |
| Phone | 8054336022 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Andrew Schumacher | PrincipalOfficerNm |
| Gross Receipts | $10,397,331 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.pdpoa.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1977 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | PDPOA is responsible for the operation and maintenance of the common property within the 2,172 residential development located in Hilton Head Island, South Carolina. The residential development includes 12 commercial entities. The maintenance of roads, lagoons, and paths open to the public provide an essential public benefit. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 63 | TotalEmployeeCnt |
| Total Volunteers | 35 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,088,826 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,429,793 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$110,606 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,667,650 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,920,603 | PYOtherRevenueAmt |
| CY Other Revenue | $4,299,888 | CYOtherRevenueAmt |
| PY Total Revenue | $7,898,823 | PYTotalRevenueAmt |
| CY Total Revenue | $10,397,331 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,925,779 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,110,781 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,276,675 | PYOtherExpensesAmt |
| CY Other Expenses | $3,428,397 | CYOtherExpensesAmt |
| PY Total Expenses | $6,202,454 | PYTotalExpensesAmt |
| CY Total Expenses | $6,539,178 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,696,369 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,858,153 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $29,773,998 | TotalAssetsBOYAmt |
| Total Assets EOY | $34,372,089 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,719,055 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,458,993 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $28,054,943 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $31,913,096 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To enhance the quality of life, strive to protect the natural environment, and improve the resources of our community for all those who live, invest, work and play here. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $5,927,315 | ExpenseAmt |
| Desc | Road maintenance and storm drain maintenance - the Association owns 26 miles of roads, and is fully responsible for the maintenance, repair and reconstruction of these roads. The Association's road maintenance activities promote the general welfare of the community and because road maintenance is an essential governmental function, the activities lessen the burden of the town Hilton Head Island. PDPOA started the roadway and drainage construction on Port Tack. PDPOA also started the bridge replacement for two bridges on Port Tack. This work was completed in March 2020. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Maintenance of greenbelts, 11 mile long lagoon system, lakes and bike paths - The Association maintains landscaped greenbelts adjacent to streets, several common area lots, 2 fresh water lakes, and 10 miles of bike paths. The bike paths and lagoon systems are part of an island wide system of paths and lagoons that are open to the general public and may not be restricted in any way. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $5,927,315 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (true) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 30 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 63 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Matthew Nemes | PersonNm |
| Phone | 8437851109 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16 Queens Folly Road | AddressLine1Txt |
| City | Hilton Head Island | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29928 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| Andrew Schumacher | ||||||
| CEO | 40.00 | 0.00 | $246,232 | $0 | $9,747 | |
| Ben Brown | ||||||
| Project Manager | 40.00 | 0.00 | $146,693 | $0 | $0 | |
| James Griner | ||||||
| Chief of Security | 40.00 | 0.00 | $111,129 | $0 | $0 | |
| Brian Fahey | ||||||
| President | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) |
| Wilbur Strickland | ||||||
| Vice President | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) |
| Gayle Cleaveland | ||||||
| Treasurer | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) |
| Bill Caywood | ||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) |
| Michael Vaccaro | ||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) |
| Lee Smith | ||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) |
| Bill Watkins | ||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) |
| Mark Carroll | ||||||
| Secretary | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) |
| Jerry Bowling | ||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) |
| Ric Gorman | ||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $504,054 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $9,747 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| The Industrial Company | |||||
| PO Box 9207 | Savannah | GA | 31412 | Bridge Building | $976,477 |
| JS Construction Services | |||||
| PO Box 1497 | Bluffton | SC | 29910 | Roadway and Drainage Cont | $611,378 |
| The Greenery Inc | |||||
| PO Box 6569 | Hilton Head Island | SC | 29938 | Landscape Company | $282,923 |
| Leamington POA | |||||
| PO Box 6778 | Hilton Head Island | SC | 29938 | Pass Office Activity | $354,788 |
| Island Buggy Service Inc | |||||
| 45 E Morningside Dr | Bluffton | SC | 29910 | Transportation Compa | $232,043 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Membership Dues & Assessm | Desc |
| Business | 531390 | BusinessCd |
| Total Revenue Column | $4,429,793 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,429,793 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,429,793 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $450,531 | TotalRevenueColumnAmt |
| Exclusion | $450,531 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,192,089 | SecuritiesAmt |
| Other | $25,030 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,192,089 | SecuritiesAmt |
| Other | $25,030 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,217,119 | TotalRevenueColumnAmt |
| Exclusion | $1,217,119 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Community Enhancement Fee | 531390 | $650,488 | $650,488 |
| Late Fees | 531390 | $4,717 | $4,717 |
| User Fees | 531390 | $3,644,683 | $3,644,683 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,299,888 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,397,331 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,729,681 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,667,650 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $513,801 | TotalAmt |
| Program Services | $462,421 | ProgramServicesAmt |
| Management And General | $51,380 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,860,817 | TotalAmt |
| Program Services | $1,674,735 | ProgramServicesAmt |
| Management And General | $186,082 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,091 | TotalAmt |
| Management And General | $109,091 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $452,851 | TotalAmt |
| Program Services | $407,566 | ProgramServicesAmt |
| Management And General | $45,285 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,221 | TotalAmt |
| Program Services | $156,799 | ProgramServicesAmt |
| Management And General | $17,422 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,000 | TotalAmt |
| Program Services | $32,000 | ProgramServicesAmt |
| Management And General | $8,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,118 | TotalAmt |
| Program Services | $113,694 | ProgramServicesAmt |
| Management And General | $28,424 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,650 | TotalAmt |
| Program Services | $39,720 | ProgramServicesAmt |
| Management And General | $9,930 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,148 | TotalAmt |
| Program Services | $30,733 | ProgramServicesAmt |
| Management And General | $3,415 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,896 | TotalAmt |
| Program Services | $25,106 | ProgramServicesAmt |
| Management And General | $2,790 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,581 | TotalAmt |
| Program Services | $87,952 | ProgramServicesAmt |
| Management And General | $4,629 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,371 | TotalAmt |
| Program Services | $12,934 | ProgramServicesAmt |
| Management And General | $1,437 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,143 | TotalAmt |
| Program Services | $12,914 | ProgramServicesAmt |
| Management And General | $3,229 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $944,437 | TotalAmt |
| Program Services | $897,215 | ProgramServicesAmt |
| Management And General | $47,222 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,117 | TotalAmt |
| Program Services | $133,305 | ProgramServicesAmt |
| Management And General | $14,812 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Administrative Services Exempt | $629,800 | $629,800 | |
| Repairs & Maintenance | $305,465 | $290,192 | $15,273 |
| Landscaping | $293,837 | $293,837 | |
| Transportation | $232,043 | $220,441 | $11,602 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $457,791 | TotalAmt |
| Program Services | $405,951 | ProgramServicesAmt |
| Management And General | $51,840 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,539,178 | TotalAmt |
| Program Services | $5,927,315 | ProgramServicesAmt |
| Management And General | $611,863 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $898,736 | BOYAmt |
| EOY | $576,660 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $480,588 | BOYAmt |
| EOY | $84,592 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,657 | BOYAmt |
| EOY | $5,319 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,353 | BOYAmt |
| EOY | $18,281 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $24,612,166 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,877,864 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,599,396 | BOYAmt |
| EOY | $17,734,302 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,375,635 | BOYAmt |
| EOY | $13,701,000 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $386,633 | BOYAmt |
| EOY | $2,251,935 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,773,998 | BOYAmt |
| EOY | $34,372,089 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $175,680 | BOYAmt |
| EOY | $796,773 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $262,726 | BOYAmt |
| EOY | $239,713 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,280,649 | BOYAmt |
| EOY | $1,422,507 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,719,055 | BOYAmt |
| EOY | $2,458,993 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,662,157 | BOYAmt |
| EOY | $20,358,527 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,696,416 | BOYAmt |
| EOY | $7,696,416 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,696,370 | BOYAmt |
| EOY | $3,858,153 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,054,943 | BOYAmt |
| EOY | $31,913,096 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,773,998 | BOYAmt |
| EOY | $34,372,089 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,858,153 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $20,230,250 | InvestmentCostOrOtherBasisAmt |
| Book Value | $20,230,250 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $2,056,095 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $410,720 | DepreciationAmt |
| Book Value | $1,645,375 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $156,764 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $119,863 | DepreciationAmt |
| Book Value | $36,901 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $500,693 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $358,325 | DepreciationAmt |
| Book Value | $142,368 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,668,364 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $5,988,956 | DepreciationAmt |
| Book Value | -$4,320,592 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $17,734,302 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Fixed Asset Clearing | $3,931 |
| Projects in Progress | $2,248,004 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,251,935 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Accrued Payroll | $305,380 |
| ARB Compliance | $739,235 |
| Assessments Received in Advance | $33,059 |
| Retainage | $167,248 |
| Unearned Pass Income | $177,585 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,422,507 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $10,397,331 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $10,397,331 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $10,397,331 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,539,178 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $6,539,178 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $6,539,178 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Andrew Schumacher | PersonNm |
| Title | CEO | TitleTxt |
| Base Compensation Filing Org | $215,232 | BaseCompensationFilingOrgAmt |
| Bonus Filing Organization | $31,000 | BonusFilingOrganizationAmount |
| Deferred Compensation Flng Org | $9,747 | DeferredCompensationFlngOrgAmt |
| Total Compensation Filing Org | $255,979 | TotalCompensationFilingOrgAmt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|
| Greenwood Communities and | ||
| Bill Watkins, Board | Purchased fuel | false |
| Greenwood Communities and | ||
| Bill Watkins, Board | Paid rent for maint | false |
| Greenwood Communities and | ||
| Bill Watkins, Board | Received assessments | false |
| Greenwood Communities and | ||
| Bill Watkins, Board | Received gate pass | false |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Client Note 1 | Client Note 1 - The Association has evaluated the effect of GAAP guidance on accounting for uncertainty in income taxes. The Association is tax exempt under section 501(C)(4) of the Interval Revenue Code. Management believes that the Association continues to satisfy the requirements of a tax-exempt organization and therefore has no uncertain income tax positions at year end. |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | The corporation is a homeowner's association consisting of 2,172 residential lots and 12 commercial properties. Owners are automatically granted membership in the Association upon purchase of their lot. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | Three members of the Board of Directors are rotated off the Board each year. The nominating committee interviews possible Board of Directors candidates and recommends three of the candidates. Members of the Association are welcome to petition for nomination to the Board of Directors. At the annual meeting in October of each year, a vote is held by proxy or by ballot to approve the three candidates. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | Property Owners have the exclusive authority to amend and/or repeal bylaws and elect the Board of Directors. The Board of Directors accepts or rejects the annual budget, approves assessments, and approves the borrowing of money and certain other property transactions. |
| Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings | Palmetto Dunes Property Owners Association does not have a committee with authority to act on behalf of the governing body. All documents of the meetings and written actions are undertaken by the governing body. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | Management and the Board review the Form 990 before filing. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Management reviews the conflict of interest policy on a yearly basis. Board members are required to sign the policy on an annual basis. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | The Executive Committee reviews compensation of the CEO annually. For all other employees, the Board's Finance Committee reviews the Associations' salary expense on an annual basis and makes a salary recommendation to the Board. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Governing documents and financial statements are available on the Association's website. Conflict of interest policy is made available upon request. |
Comments