2018-11-12T16:05:14-06:00 2017-12-31 911663574 LARSON GROSS PLLC 2211 RIMLAND DR STE 422 BELLINGHAM WA 98226 990 2017-01-01 910909865 SUDDEN VALLEY COMMUNITY ASSOCIATION SUDD 3607346430 4 CLUBHOUSE CIR BELLINGHAM WA 98229 LESLIE MCROBERTS PRESIDENT 3607346430 2018-11-12 1 KEATON WERSEN-CPA P01957642 3607344280 69.7.45.162 2018-11-12 14:04:27 PS P 92A40D58B30463A2018F93EECC16F1836056186C 1EAB4B1ED96A08C9B433A1F6FBB7BE15E6841313 2017 2019-02-21 02:37:17Z LESLIE MCROBERTS 4 CLUBHOUSE CIR BELLINGHAM WA 98229 4491802 0 X WWW.SUDDENVALLEY.COM X 1973 WA TO ACQUIRE, HOLD TITLE TO, AND MANAGE THE COMMON AREAS FOR THE BENEFIT OF ALL LOT OWNERS AND HOME OWNERS. TO ESTABLISH AND COLLECT ASSESSMENTS AGAINST EACH LOT OWNER TO PROVIDE FOR MAINTENANCE AND OPERATION OF COMMON AREAS AND FACILITIES. TO ENGAGE IN SOCIAL AND COMMUNITY ACTIVITIES, INCLUDING THE DEVELOPMENT, CONSTRUCTION, MAINTENANCE, AND OPERATION OF ANY OTHER COMMUNITY FACILITIES. 9 9 57 53 0 0 7921 1961 3535264 3617516 -3259 -449 447651 514665 3987577 4133693 0 0 0 0 1234880 1395023 0 0 0 2131942 2455644 3366822 3850667 620755 283026 12784245 13247189 475282 501588 12308963 12745601 X 1) ACQUIRE, HOLD TITLE TO, AND MANAGE THE COMMON AREAS FOR THE BENEFIT OF ALL LOT OWNERS AND HOME OWNERS 2) ESTABLISH AND COLLECT ASSESSMENTS AGAINST EACH LOT OWNER TO PROVIDE FOR MAINTENANCE AND OPERATION OF COMMON AREAS AND FACILITIES, 3) ENGAGE IN SOCIAL AND COMMUNITY ACTIVITIES, INCLUDING THE DEVELOPMENT, CONSTRUCTION, MAINTENANCE, AND OPERATION OF ANY OTHER COMMUNITY FACILITIES. 0 0 2874903 3853779 SUDDEN VALLEY IS HOME TO 7,000 RESIDENTS AND AN ABUDANCE OF WILDLIFE. THE ASSOCIATION MANAGES THE COMMUNITY THROUGH MAINTENANCE OF COMMON AREAS, AND PROVISION OF RECREATIONAL ACTIVITIES AND SECURITY. THE ASSOCIATION CONTINUED "CLEAN GREEN" IN 2017, A SERVICE FOR THE COMMUNITY TO DISPOSE OF THEIR YARD DEBRIS AT $10/LOAD. THIS SERVICE WAS PROVIDED BY LOCAL GOVERNMENT IN PRIOR YEARS AND WAS DISCONTINUED AT THE BEGINNING OF 2016. THE ASSOCIATION ALSO DEVELOPED A STORMWATER RUNOFF MANAGEMENT AND PHOSPHOROUS MITIGATION PLAN, AVAILABLE TO COMMUNITY MEMBERS FOR $500/PROPERTY; ESTIMATED TO SAVE THEM BETWEEN $10,000 AND $15,000 EACH. 2874903 0 0 0 1 0 1 0 0 0 1 0 0 0 1 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 1 18 0 57 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 WA X X JENNIFER SPIDLE ACCOUNTING MANAGER 3607346430 4 CLUBHOUSE CIR BELLINGHAM WA 98229 LARRY BROWN PRESIDENT 3.00 X X 0 0 0 ERIC TROWER VICE-PRESIDENT, MEMBER-AT-LARGE 2.00 X X 0 0 0 CAROL HOULTON TREASURER 2.00 X X 0 0 0 MIKE D'ANGELO MEMBER-AT-LARGE 1.00 X 0 0 0 DAVID NARSICO MEMBER-AT-LARGE 1.00 X 0 0 0 SARAH HOLMSTROM MEMBER-AT-LARGE 1.00 X 0 0 0 ODELL DE VEAUX JR MEMBER-AT-LARGE 1.00 X 0 0 0 VANESSA KNUTZEN-DALES MEMBER-AT-LARGE 1.00 X 0 0 0 RICH BAILEY ACC REPRESENTATIVE 1.00 X 0 0 0 LINDA BRADLEY N&E REPRESENTATIVE 1.00 X 0 0 0 GAIL CHIARELLO SECRETARY 2.00 X X 0 0 0 CAROL BAUMAN MEMBER-AT-LARGE 1.00 X 0 0 0 LESLIE MCROBERTS SECRETARY, VICE-PRESIDENT 2.00 X 0 0 0 MITCH WATERMAN MANAGING DIRECTOR 40.00 X 120337 0 0 120337 0 0 1 0 0 0 WILSON ENGINEERING LLC 805 DUPONT ST STE 7 BELLINGHAM WA 982253128 ENGINEERING 697383 GRANITE CONSTRUCTION COMPANY PO BOX 742478 LOS ANGELES CA 900742478 CONSTRUCTION 372480 STREMLER GRAVEL INC PO BOX 527 LYNDEN WA 98264 GENERAL CONTRACTOR 341354 PACIFIC SECURITY 2009 IRON ST BELLINGHAM WA 982254211 SECURITY 190775 KAISER FOUNDATION HEALTH PLAN PO BOX 740016 LOS ANGELES CA 900740016 INSURANCE 110882 5 1961 1961 DUES & ASSESSMENTS 813990 2850455 2850455 GOLF GREEN FEES 713910 624543 624543 FINES, PENALTIES & FEE 813990 74203 74203 NEW HOME CONSTRUCTION 813990 60800 60800 ACTIVITY FEES 713940 3265 3265 4250 4250 3617516 4635 4635 179415 118091 53032 8211 126383 109880 236263 236263 291782 296866 -5084 -5084 -5084 TITLE FEES 531390 232534 232534 ADVERTISING 541890 35128 35128 LEGAL FEE RECOVERY 900099 2792 2792 7948 7948 278402 4133693 3853779 0 277953 120337 76291 44046 1064469 674853 389616 90290 64395 25895 119927 82546 37381 52741 52741 35402 35402 288999 288267 732 70093 7142 62951 60248 19098 41150 52535 52535 695425 624553 70872 38820 3382 35438 17 17 875971 875971 100292 3994 96298 TOOLS & EQUIPMENT 73911 68150 5761 VEHICLES 54566 54501 65 FEES & TAXES 28034 12422 15612 DUES & SUBSCRIPTIONS 20200 19238 962 8390 100 8290 3850667 2874903 975764 0 372280 561689 3313941 3003818 90837 87090 3907 7393 56866 66797 21505507 12081937 8842253 9423570 104161 96832 12784245 13247189 251808 309443 154936 150307 68538 41838 475282 501588 X 482330 482330 2505891 2505891 9320742 9757380 12308963 12745601 12784245 13247189 X 283026 153612 X 0 1 X 1 0 0 1 0 X X X 763 122.2 0 0 1 0 0.00 0 149589 1717970 1867559 4107990 2118396 1989594 3386189 2131957 1254232 12143769 7831584 4312185 9423570 CAPITAL LEASE OBLIGATION 38968 CONSTRUCTION LOAN 2870 41838 4194936 0 4194936 -61243 -61243 4133693 3758298 -92369 -92369 3850667 0 3850667 PART II, LINE 9: PERMANENTLY RESTRICTED LOTS ARE HELD BY THE ASSOCIATION AT COST AND REPORTED ON THE BALANCE SHEET AS A COMPONENT OF LAND AND IMPROVEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES APPLIED AGAINST RENTAL INCOME -61,243. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES APPLIED AGAINST RENTAL INCOME 61,243. BAD DEBT RECOVERIES -153,612. PART VI, LINE 1E: OTHER FIXED ASSETS REPRESENTS 1) LAND IMPROVEMENTS (COMPONENT OF LAND AND IMPROVEMENTS) AND 2) ROADS AND BRIDGES PER THE ASSOCIATION'S BALANCE SHEET. FORM 990, PART VI, SECTION A, LINE 6 PROPERTY OWNERS BECOME MEMBERS OF THE ASSOCIATION AT THE TIME THEY PURCHASE PROPERTY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ASSOCIATION ELECT MEMBERS TO THE GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP OF THE ORGANIZATION MUST APPROVE OR RATIFY DECISIONS OF THE GOVERNING BOARD FOR ACTIONS THAT ARE NOT SPECIFICALLY EMPOWERED BY THE BY-LAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WILL BE PROVIDED TO THE FINANCE MANAGER. THE FINANCE MANAGER AND THE BOARD TREASURER WILL REVIEW THE FORM 990 AND PROVIDE A COPY TO THE BOARD OF DIRECTORS TO REVIEW AND APPROVE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY BOARD MEMBERS AS THEY JOIN THE BOARD AND ARE UPDATED FOR ANY CHANGES. FORM 990, PART VI, SECTION B, LINE 15A CURRENT TOP MANAGEMENT WAS HIRED BY APPROVAL OF THE BOARD. ANNUAL REVIEWS BY THE BOARD AT THE TIME OF CONTRACT RENEWALS ARE USED TO SET COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION WEBSITE. MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION WEBSITE. QUARTERLY FINANCIAL STATEMENTS ARE PRINTED IN THE ORGANIZATION NEWSLETTER SENT PRIMARILY TO MEMBERS. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN THE MONTHLY NEWSLETTER AND ON THE ORGANIZATION WEBSITE. FORM 990, PART XI, LINE 9: BAD DEBT RECOVERIES 153,612.