2025-11-14T12:22:47-06:00 2024-12-31 911663574 LARSON GROSS ADVISORS LLC 2211 RIMLAND DR 422 BELLINGHAM WA 98226 990 2024-01-01 910909865 SUDDEN VALLEY COMMUNITY ASSOCIATION SUDD 3607346430 4 CLUBHOUSE CIR BELLINGHAM WA 98229 KEITH MCLEAN PRESIDENT 3607346430 2025-11-14 1 1 STEVE FORBES-CPA P00012098 3607344280 2024 2025-03-06 01:10:19Z KEITH MCLEAN 4 CLUBHOUSE CIR BELLINGHAM WA 98229 8237326 0 X WWW.SUDDENVALLEY.COM X 1973 WA 1) TO 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. 9 9 92 116 0 0 396 1541 6777742 7493925 40200 62449 607529 634918 7425867 8192833 0 0 0 0 2074047 2409918 0 0 0 3505140 4445607 5579187 6855525 1846680 1337308 24108118 25391650 9310640 9261494 14797478 16130156 OUR MISSION IS TO FOSTER A LIVABLE AND INCLUSIVE COMMUNITY THROUGH EXCEPTIONAL SERVICE, TRANSPARENCY, AND RESPONSIBLE STEWARDSHIP OF OUR SHARED RESOURCES. 0 0 5274788 8025892 SUDDEN VALLEY IS HOME TO OVER 7,000 RESIDENTS AND AN ABUNDANCE 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 2024, A SERVICE FOR THE COMMUNITY TO DISPOSE OF THEIR YARD DEBRIS. THIS SERVICE WAS PROVIDED BY LOCAL GOVERNMENT IN PRIOR YEARS AND WAS DISCONTINUED AT THE BEGINNING OF 2016. THE ASSOCIATION ALSO CONTINUED TO OFFER ITS DEVELOPED STORMWATER RUNOFF MANAGEMENT AND PHOSPHOROUS MITIGATION PLAN, AVAILABLE TO COMMUNITY MEMBERS FOR $500 PER PROPERTY; ESTIMATED TO SAVE THEM BETWEEN $10,000 AND $15,000 EACH. 5274788 0 0 0 1 0 1 0 0 0 1 0 0 0 1 1 1 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 0 0 0 1 48 0 1 92 1 0 0 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 JOEL HEVERLING FINANCE DIRECTOR 3607346430 4 CLUBHOUSE CIR BELLINGHAM WA 98229 ANDREW TISCHLEDER MEMBER AT LARGE 1.00 X 0 0 0 DANIEL RODRIGUEZ ACC CHAIR 1.00 X 0 0 0 KEITH MCLEAN PRESIDENT 3.00 X X 0 0 0 LAURIE ROBINSON TREASURER 3.00 X X 0 0 0 LINDA BRADLEY SECRETARY 3.00 X X 0 0 0 RAY MEADOR MEMBER AT LARGE 1.00 X 0 0 0 RICKLAND ASAI MEMBER AT LARGE 1.00 X 0 0 0 ROB GIBBS N&E CHAIR 1.00 X 0 0 0 SAMUEL SHAHAN MEMBER AT LARGE 1.00 X 0 0 0 SONIA VOLDT MEMBER AT LARGE 1.00 X 0 0 0 STUART MITCHELL MEMBER AT LARGE 1.00 X 0 0 0 TAIMI VAN DE POLDER VICE PRESIDENT 3.00 X X 0 0 0 TOM HENNING MEMBER AT LARGE 1.00 X 0 0 0 JO ANNE JENSEN GENERAL MANAGER 40.00 X 155266 0 9042 JOEL HEVERLING FINANCE DIRECTOR 40.00 X 116002 0 9042 MICHAEL BENNETT GENERAL MANAGER 40.00 X 3000 0 0 274268 0 18084 2 0 1 0 GRANITE CONSTRUCTION COMPANY 1525 EAST MARINE VIEW DR EVERETT WA 98201 PROJECT CONSTRUCTION 967095 COOL RUNNINGS CONSTRUCTION LLC 1139 NEVADA STREET BELLINGHAM WA 98229 PROJECT CONSTRUCTION 493937 STREMLER GRAVEL INC PO BOX 527 LYNDEN WA 98264 PROJECT CONSTRUCTION PRODUCT 471445 RAWLS TREE SERVICE PO BOX 28657 BELLINGHAM WA 98228 HAZARDOUS TREE REMOVAL 419305 PACIFIC SECURITY 2009 IRON ST BELLINGHAM WA 98225 SECURITY 286977 9 1541 1541 DUES & ASSESSMENTS 531390 5851929 5851929 GOLF GREEN FEES 713910 1206502 1206502 NEW HOME CONSTRUCTION 531390 263150 263150 FINES, PENALTIES & FEE 531390 169844 169844 2500 2500 7493925 57831 57831 349276 227184 22843 21650 326433 205534 531967 531967 4618 0 4618 4618 4618 ADVERTISING 541800 34093 34093 TITLE FEES 531390 24600 24600 LEGAL FEE RECOVERY 541100 1658 1658 42600 42600 102951 8192833 8025892 0 165400 X 292352 194858 97494 1727189 1095077 632112 11791 8432 3359 170728 100800 69928 207858 139791 68067 175356 175356 69335 69335 856782 853680 3102 79853 8427 71426 110693 66390 44303 58431 58431 1086846 1035355 51491 29695 5851 23844 69728 69728 1390826 1390826 186859 3976 182883 TOOLS & EQUIPMENT 115839 114612 1227 BAD DEBT EXPENSE 65067 61310 3757 VEHICLES 59054 58921 133 FEES & TAXES 37309 19416 17893 53934 47338 6596 6855525 5274788 1580737 0 1184651 1329392 7014199 6517368 76681 70455 5659 5823 70215 82148 36339800 19166222 15681442 17173578 64640 183332 10631 29554 24108118 25391650 451044 403295 337787 391261 8521809 8466938 9310640 9261494 X 482330 482330 2505891 2505891 11809257 13141935 14797478 16130156 24108118 25391650 1337308 -4630 0 X X 0 1 X 1 0 0 1 0 X X X 774 123.64 1 0 231827 2438636 2670463 7347580 3599818 3747762 4246382 3470635 775747 22075375 12095769 9979606 17173578 DEPOSITS 759855 FINANCE LEASE PAYABLE 104456 PROPERTY PURCHASE AND CONSTRUCTION LOAN 1539073 CONTRACT LIABILITY 5676299 LEASE LIABILITY 29555 ESTIMATED CONTINGENT LIABILITY 357700 8466938 X 8232696 -4630 -4630 8237326 -44493 -44493 8192833 6900018 44493 44493 6855525 0 6855525 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 X, LINE 2: THE ASSOCIATION IS A NON-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(4). THERE WERE NO INTEREST OR PENALTIES PAID DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023. THE ASSOCIATION EVALUATES UNCERTAIN TAX POSITIONS WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. AS OF DECEMBER 31, 2024, THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. AS OF DECEMBER 31, 2024 TAX RETURNS FOR THE PRIOR THREE FISCAL YEARS REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES APPLIED AGAINST RENTAL INCOME -44,493. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES APPLIED AGAINST RENTAL INCOME 44,493. 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. X X X 0 0 0 0 0 0 0 0 0 JO ANNE JENSEN GENERAL MANAGER 155266 0 0 0 0 0 0 0 9042 0 164308 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 HOMEOWNERS AND OTHER PROPERTY OWNERS WITHIN THE ASSOCIATION COMPRISE THE BODY OF MEMBERS FOR THIS ENTITY. THEY BECOME MEMBERS OF THE ASSOCIATION AT THE TIME THEY ACQUIRE PROPERTY WITHIN THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED AT THE ANNUAL MEETING IN ACCORDANCE WITH THE GOVERNING DOCUMENTS OF THIS ENTITY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS MEETING STATUTORY OR GOVERNING DOCUMENT LIMITS REQUIRE RATIFICATION OR APPROVAL OF THE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AS PART OF THE AUDIT PROCESS BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT. THE FORM 990 IS THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW AND SIGNATURE AUTHORIZATION PRIOR TO THE FILING OF FORM 990. 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 AND COMPENSATION IS BASED ON EXPERIENCE LEVEL AND COMPARATIVE WAGES ON A REGIONAL LEVEL. ANNUAL REVIEWS BY THE BOARD ARE UNDERTAKEN PRIOR TO CONTRACT RENEWALS AND ARE USED TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ENTITY'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC ON THE STATE OF WASHINGTON'S SECRETARY OF STATE WEBSITE. GOVERNING DOCUMENTS AND MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION WEBSITE. MONTHLY FINANCIAL STATEMENTS ARE PRINTED IN THE ORGANIZATION'S NEWSLETTER, WHICH IS SENT PRIMARILY TO THE MEMBERS OF THE ORGANIZATION. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION WEBSITE. FORM 990, PART IX, LINE 11G SECURITY: PROGRAM SERVICE EXPENSES 312,652. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 312,652. FACILITIES DEVELOPMENT & MAINTENANCE: PROGRAM SERVICE EXPENSES 528,564. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 528,564. OTHER: PROGRAM SERVICE EXPENSES 12,464. MANAGEMENT AND GENERAL EXPENSES 3,102. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,566. FORM 990, PART IX, LINE 24E DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 29,269. MANAGEMENT AND GENERAL EXPENSES 2,448. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,717. OTHER: PROGRAM SERVICE EXPENSES 18,069. MANAGEMENT AND GENERAL EXPENSES 4,148. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,217. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.