2026-06-04T21:34:41-05:00 2025-12-31 330244756 OWENS MOSKOWITZ AND ASSOCIATES INC 27792 EL LAZO LAGUNA NIGUEL CA 92677 990 2025-01-01 330757073 TEMEKU HILLS MASTER ASSOCIATION C/O FIRSTSERVICE RESIDENTIAL TEME 9494486000 15241 LAGUNA CANYON RD IRVINE CA 92618 DIANE PHIFER PRESIDENT 9494486000 2026-06-04 ROBERT A OWENS CPA P01414999 9498515020 2025 2025-03-06 01:10:19Z X DIANE PHIFER 15241 LAGUNA CANYON RD IRVINE CA 92618 1827779 0 X WWW.TEMEKUHILLSMA.COM X 1997 CA THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOCIATION ARE TO BRING ABOUT CIVIC BETTERMENT 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 TEMECULA, CALIF.AMONG THE GENERAL PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL RESIDENTS WITHIN THE COMMUNITY. THE DEVELOPMENT CONSISTS OF 1,340 RESIDENTIAL DWELLINGS. NO GRANTS ARE PROVIDED TO OTHERS. ALL FACILITIES ARE AVAILABLE TO RESIDENTS AND THEIR GUESTS IN ACCORDANCE WITH THE ASSOCIATION'S GOVERNING DOCUMENTS. 5 5 0 0 0 0 0 0 2123309 1735765 37407 21021 44820 70993 2205536 1827779 0 0 0 0 686760 672276 0 0 0 1492007 1292508 2178767 1964784 26769 -137005 1509351 1492741 1005220 1125615 504131 367126 SEE STATEMENT O 0 0 1694388 SEE STATEMENT O 1694388 0 0 0 1 0 0 0 0 0 0 0 0 1 1 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 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 WALTERS MANAGEMENT 9516988511 25109 JEFFERSON AVE STE 300 MURRIETA CA 92562 X DIANE PHIFER DIRECTOR 2.00 X 0 0 0 JAMES LOY PRESIDENT 2.00 X 0 0 0 TERRY YOUNG VICE PRESIDENT 2.00 X 0 0 0 PATRICK ESPOSITO TREASURER 2.00 X 0 0 0 LINDA WALZ SECRETARY 2.00 X 0 0 0 0 0 0 0 0 0 0 ENVIRONMENTAL CONCEPTS LANDSCAPE PO BOX 1788 TEMECULA CA 92593 MONTHLY LANDSCAPING 319164 WALTERS MANAGEMENT 25109 JEFFERSON AVE STE 300 MURRIETA CA 92562 MONTHLY MGMT./ADMIN./COLLECTION 287147 THE ARBOR GROUP 15642 SAND CANYON AVE50037 IRVINE CA 92619 TREE MAINTENANCE 154369 3 ASSESSMENTS 531390 1735765 1735765 1735765 21021 21021 OTHER INCOME 531390 70993 70993 70993 1827779 1827779 0 0 672276 672276 96075 96075 17880 17880 3048 3048 55280 55280 LANDSCAPE MAINTENANCE 479290 479290 UTILITIES 276841 276841 ADMINISTRATIVE 151362 151362 GENERAL MAINTENANCE 50897 50897 161835 159804 2031 1964784 1694388 270396 0 382418 45550 971499 1185320 103554 104055 7131 9766 44749 148050 1509351 1492741 73530 44032 134579 130181 797111 951402 1005220 1125615 X 504131 361035 6091 504131 367126 1509351 1492741 -137005 0 X 0 0 0 1 0 0 0 INVESTMENT IN TEMEKU HILLS CLUBHOUSE 23408 INTEREST RECEIVABLE 4642 DEPOSITS 20000 FUNDS IN TRANSMIT 100000 148050 CONTRACT LIABILITIES 951402 951402 X 1827779 0 1827779 0 1827779 1964784 0 1964784 0 1964784 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2025, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS. THE ASSOCIATION'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021 . FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION USES THE SERVICES OF WALTERS MANAGEMENT TO HANDLE DAY TO DAY OPERATIONS OF THE DEVELOPMENT INCLUDING COLLECTIONS, BILL 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 BECOMES A MEMBER OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION HAS A DELEGATE SYSTEM TO ELECT THE BOARD OF DIRECTORS. THE MEMBERSHIP CONSISTING OF 1,340 VOTING MEMBERS ELECT DELEGATES WHO IN TURN ELECT THE BOARD OF DIRECTORS. 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 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 PRESIDENT OR 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 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.