2025-02-11T20:10:55-06:00 2024-06-30 330244756 OWENS MOSKOWITZ AND ASSOCIATES INC 27792 EL LAZO LAGUNA NIGUEL CA 92677 990 2023-07-01 237002952 WESTLAKE ISLAND PROPERTY OWNERS' ASSOC C/O PROPERTY MGMT PROS WEST 6612954900 27220 TURNBERRY LN 150 VALENCIA CA 91355 ANDREW KANE TREASURER 8054131170 2025-02-07 1 X ROBERT A OWENS CPA P01414999 9498515020 2023 2025-03-06 01:10:19Z X ANDREW KANE 27220 TURNBERRY LN 150 VALENCIA CA 91355 1197778 0 X N/A X 1967 CA PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL RESIDENTS WITHIN THE COMMUNITY. THE POPULATION OF THE ASSOCIATION IS APPROXIMATELY 1,500. NO GRANTS ARE PROVIDED TO OTHERS. THE ASSOCIATION OWNS AND MAINTANS A VARIETY OF GREENBELTS AND PARK AREAS. ALL FACILITIES ARE AVAILABLE TO RESIDENTS AND THEIR GUESTS ON AN UNRESTRICTED BASIS. 5 5 0 0 0 0 1029189 1118600 0 0 12574 28096 29501 51082 1071264 1197778 0 0 0 0 0 0 0 0 0 881226 1266249 881226 1266249 190038 -68471 1051992 1097800 168226 282505 883766 815295 SEE SCHEDULE O 0 0 1101516 THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOC. ARE TO BRING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY, AND BY OWNING, OPERATING, AND MAINTAINING THE PROPERTIES FOR USE OF ALL RESIDENTS IN THE ENTIRE COMMUNITY ON CERTAIN REAL PROPERTY LOCATED IN WESTLAKE VILLAGE, CA. AMONG THE GENERAL PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL RESIDENTS WITHIN THE COMMUNITY. THE POPULATION OF THE ASSOC. IS APPROX. 1,500. NO GRANTS ARE PROVIDED TO OTHERS. THE ASSOC. OWNS AND MAINTAINS A VARIETY OF GREENBELTS AND PARK AREAS. ALL FACILITIES ARE AVAILABLE TO RESIDENTS AND THEIR GUESTS ON AN UNRESTRICTED BASIS. 1101516 0 0 0 1 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 0 0 0 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 X 5 5 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X PROPERTY MGMT PROFESSIONALS 6612954900 27220 TURNBERRY LN 150 VALENCIA CA 91355 X MICHAEL MEISEL PRESIDENT 2.00 X 0 0 0 ALISON COLBURN VICE PRESIDENT 2.00 X 0 0 0 ANDREW KANE TREASURER 2.00 X 0 0 0 AUDREY ISRAEL SECRETARY 2.00 X 0 0 0 ALAN JEFFERY MEMBER AT LARGE 2.00 X 0 0 0 0 0 0 0 0 0 0 ALLIED UNIVERSAL SECURITY SERVICES 700 S FLOWER ST STE 400 LOS ANGELES CA 90017 MONTHLY SECURITY CONTRACT 561758 SO CAL LANDSCAPE 13506 GLENOAKS BLVD GLENDORA CA 91342 LANDSCAPE BEAUTIFICATION 233396 2 1118600 1118600 28096 28096 OTHER INCOME 531390 51082 51082 51082 1197778 79178 0 0 X 82789 82789 8855 8855 2373 2373 37779 37779 SECURITY 564240 564240 LANDSCAPE MAINTENANCE 292038 292038 STREET REPAIR 68269 68269 COMMON AREAS REPLACEMEN 62773 62773 147133 114196 32937 1266249 1101516 164733 0 53456 124285 962757 921451 14325 31697 21454 20367 1051992 1097800 46689 117048 48828 77048 72709 88409 168226 282505 X 72701 174983 0 0 811065 640312 883766 815295 1051992 1097800 -68471 0 X 0 1 X 0 0 1 0 0 0 ARCHITECTURAL DEPOSITS 88409 88409 1343442 145664 145664 1197778 0 1197778 1266249 0 1266249 0 1266249 PART XI, LINE 2D - OTHER ADJUSTMENTS: RESERVE ASSESSMENTS RECOGNIZED PER FASB 606 145,664. FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION USES THE SERVICES OF PROPERTY MGMT. PROFESSIONALS TO HANDLE DAY TO DAY OPERATIONS OF THE DEVELOPMENT INCLUDING COLLECTIONS, BILLS PAYMENTS, HOMEOWNER ASSISTANCE, ETC. THE BOARD HAS THE ULTIMATE RESPONSIBILITY FOR AUTHORIZING PAYMENTS, SELECTING VENDORS, AND APPROVING THE BUDGET. FORM 990, PART VI, SECTION A, LINE 6 UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER BECOME A MEMBER OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE VOTED UPON BY THE MEMBERSHIP AT AN ANNUAL MEETING WHICH REQUIRES A QUORUM OF 50% OF THE 329 VOTING MEMBERS. BOARD MEMBERS SERVE A 2 YEAR TERM AND COME UP FOR ELECTION IN ALTERNATING CYCLES. FORM 990, PART VI, SECTION A, LINE 7B DUES INCREASES IN EXCESS OF THE 20% ALLOWED BY THE DAVIS-STERLING ACT ARE SUBJECT TO THE APPROVAL OF THE MEMBERSHIP. SPECIAL ASSESSMENTS IN EXCESS OF 5% OF THE BUDGET ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B UPON PREPARATION, THE ASSOCIATION'S BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF FORM 990. AFTER REVIEWING THE RETURN, THE BOARD'S TREASURER SIGNS AS THE BOARD REPRESENTATIVE AND FILES THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION RETAINS THE SERVICES OF A MANAGEMENT COMPANY TO MONITOR BOARD ACTIVITY AND DOCUMENT THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT COMPANY PROVIDES THE MEMBERSHIP WITH CANDIDATE INFORMATION IN CONJUNCTION WITH ELECTION MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 N/A FORM 990, PART VI, SECTION C, LINE 19 UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER RECEIVES A COPY OF THE ASSOCIATION'S GOVERNING DOCUMENTS THROUGH ESCROW. COPIES OF THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E ADMINISTRATIVE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30,497. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,497. COMMUNITY EVENTS: PROGRAM SERVICE EXPENSES 26,285. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,285. WATER: PROGRAM SERVICE EXPENSES 18,903. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,903. STREET SWEEPING: PROGRAM SERVICE EXPENSES 15,325. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,325. BRIDGE: PROGRAM SERVICE EXPENSES 14,115. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,115. LIGHTING/ELECTRICAL: PROGRAM SERVICE EXPENSES 10,294. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,294. INSURANCE CLAIM EXPENSES: PROGRAM SERVICE EXPENSES 8,406. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,406. GENERAL MAINTENANCE: PROGRAM SERVICE EXPENSES 6,963. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,963. ELECTRICITY: PROGRAM SERVICE EXPENSES 6,799. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,799. GATE: PROGRAM SERVICE EXPENSES 4,025. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,025. PET REFUSE STATIONS: PROGRAM SERVICE EXPENSES 3,081. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,081. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,040. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,040. RESERVE STUDY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 400.