2017-11-02T17:45:48-05:00 2016-12-31 911663574 LARSON GROSS PLLC 2211 RIMLAND DR STE 422 BELLINGHAM WA 98226 990 2016-01-01 910909865 SUDDEN VALLEY COMMUNITY ASSOCIATION SUDD 3607346430 4 CLUBHOUSE CIR BELLINGHAM WA 98229 LARRY BROWN PRESIDENT 3607346430 2017-11-02 1 KEATON WERSEN-CPA P01957642 3607344280 69.7.45.162 2017-11-02 15:44:28 PD P 92E1BA248C8AD1353CB21564345F1AD0DA8C4FFC 7A1631972DC0868626AED4B49B793185C4DE6B07 2016 2021-01-29 14:40:06Z LARRY BROWN 4 CLUBHOUSE CIR BELLINGHAM WA 98229 4062353 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 2601 7921 3384292 3535264 -16245 -3259 418922 447651 3789570 3987577 0 0 0 0 1184721 1234880 0 0 0 2580091 2131942 3764812 3366822 24758 620755 11961539 12784245 406845 475282 11554694 12308963 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 2337174 3790542 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. IN 2016, THE ASSOCIATION STARTED "CLEAN GREEN", 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 THE YEAR. 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. 2337174 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 17 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 LESLIE MCROBERTS PRESIDENT, VICE-PRESIDENT 3.00 X X 0 0 0 CAROL BAUMAN VICE-PRESIDENT, MEMBER-AT-LARGE 2.00 X X 0 0 0 CAROL HOULTON TREASURER 2.00 X X 0 0 0 GRACE SHAFFNER SECRETARY 2.00 X X 0 0 0 GAIL CHIARELLO SECRETARY, MEMBER AT-LARGE 2.00 X X 0 0 0 MIKE D'ANGELO MEMBER-AT-LARGE 1.00 X 0 0 0 DAVID NARISCO MEMBER-AT-LARGE 1.00 X 0 0 0 SAMANTHA RORABAUGH MEMBER-AT-LARGE 1.00 X 0 0 0 MICHAEL ASHBY MEMBER-AT-LARGE 1.00 X 0 0 0 SARAH HOLSTROM MEMBER-AT-LARGE 1.00 X 0 0 0 ERIC TROWER MEMBER-AT-LARGE 1.00 X 0 0 0 RICH BAILEY ACC REPRESENTATIVE 1.00 X 0 0 0 CURT CASEY ACC REPRESENTATIVE 1.00 X 0 0 0 LINDA BRADLEY N&E REPRESENTATIVE 1.00 X 0 0 0 MITCH WATERMAN MANAGING DIRECTOR 40.00 X 106943 0 0 106943 0 0 1 0 0 0 IVERSON EARTH WORKS LLC 2330 BIRCH BAY LYNDEN RD CUSTER WA 98240 EXCAVATION 283729 WILSON ENGINEERING LLC 805 DUPONT ST 7 BELLINGHAM WA 98225 ENGINEERING/CONSTRUCTION 245345 PACIFIC SECURITY 2009 IRON ST BELLINGHAM WA 98225 SECURITY 186719 3 7921 7921 DUES & ASSESSMENTS 813990 2762299 2762299 GOLF GREEN FEES 713910 603776 603776 FINES, PENALTIES & FEE 813990 112397 112397 NEW HOME CONSTRUCTION 813990 51246 51246 ACTIVITY FEES 713940 2546 2546 3000 3000 3535264 11716 11716 174988 110274 21641 8343 153347 101931 255278 255278 29817 44792 -14975 -14975 -14975 TITLE FEES 531390 109954 109954 ADVERTISING 541890 32646 32646 LEGAL FEE RECOVERY 900099 29181 29181 20592 20592 192373 3987577 3790542 0 189114 106943 65770 41173 940878 578641 362237 76322 54169 22153 110737 77088 33649 80547 80547 59917 59917 309093 269682 39411 74847 7727 67120 78143 17991 60152 38895 38895 340111 281512 58599 39774 2193 37581 850476 850476 98556 3994 94562 TOOLS & EQUIPMENT 64167 56133 8034 VEHICLES 41427 41025 402 FEES & TAXES 28652 12721 15931 DUES & SUBSCRIPTIONS 20051 17974 2077 7286 78 7208 3366822 2337174 1029648 0 109884 372280 3087559 3313941 3130 90837 7748 3907 50009 56866 20313323 11471070 8703209 8842253 104161 11961539 12784245 157250 251808 150654 154936 98941 68538 406845 475282 X 482330 482330 2505891 2505891 8566473 9320742 11554694 12308963 11961539 12784245 X 620755 133514 X 0 1 X 1 0 0 1 0 X X X 758 121.40 0 0 1 0 0.00 0 241018 1614987 1856005 4194856 2194033 2000823 3224258 1852290 1371968 11038204 7424747 3613457 8842253 CAPITAL LEASE OBLIGATION 68538 68538 4017561 0 4017561 -29984 -29984 3987577 3263292 -103530 -103530 3366822 0 3366822 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 -29,984. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES APPLIED AGAINST RENTAL INCOME 29,984. BAD DEBT RECOVERIES -133,514. 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 133,514.