2022-11-12T20:45:08-06:00 2021-12-31 860842863 BUTLER HANSEN PLC 1734 EAST BOSTON STREET STE 101 GILBERT AZ 85295 990 2021-01-01 860499117 THE ISLANDS COMMUNITY ASSOCIATION ISLA 4805514300 9000 E PIMA CENTER PARKWAY STE 300 SCOTTSDALE AZ 85258 JOHN STOEHN TREASURER 4805514300 2022-11-11 1 JOHN STOEHN 999009999 PAUL E HANSEN CPA P00471597 4804971250 2022-11-12 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MATT LETTER 9000 E PIMA CENTER PARKWAY STE 300 SCOTTSDALE AZ 85258 2509597 0 X N/A X 1984 AZ CARE AND MAINTENANCE OF THE COMMUNITY. 7 7 0 15 0 0 0 0 2127706 2266259 65862 63364 0 0 2193568 2329623 0 0 0 0 0 0 0 0 0 2134575 2673245 2134575 2673245 58993 -343622 3394871 3106067 544272 583223 2850599 2522844 CARE AND MAINTENANCE OF THE COMMUNITY. 0 0 2451431 2294815 TO PROTECT AND MAINTAIN THE QUALITY OF LIFE IN THE COMMUNITY BY MAINTENANCE OF THE LANDSCAPING, COMMON AREAS AND RECREATIONAL FACILITIES OF THE ASSOCIATION. 12474 4885 PROVIDE RECREATIONAL ACTIVITIES AND SOCIAL EVENTS FOR THE MEMBERS OF THE COMMUNITY 2463905 0 0 0 0 0 0 0 0 0 1 1 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 1 13 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 AZ X FIRSTSERVICE RESIDENTIAL 4805514300 9000 E PIMA CENTER PKWY STE 300 SCOTTSDALE AZ 85258 X STEPHEN HALL DIRECTOR 1.00 X 0 0 0 CHARLOTTE ADCOCK DIRECTOR 1.00 X 0 0 0 JOHN STOEHR DIRECTOR 1.00 X 0 0 0 MATT LETTER PRESIDENT 1.00 X 0 0 0 CHARLES HUMMEL TREASURER 1.00 X 0 0 0 MARIE NOWICKI VICE PRESIDENT 1.00 X 0 0 0 ROGER REINHARDT SECRETARY 1.00 X 0 0 0 0 0 0 0 0 0 0 BRIGHTVIEW LANDSCAPE PO BOX 31001-2463 PASADENA CA 911102463 LANDSCAPE SERVICE 1244615 FIRSTSERVICE RESIDENTIAL 9000 E PIMA CENTER PKWY 300 SCOTTSDALE AZ 85258 MANAGEMENT SERVICE 323687 EMPIREWORKS PAINTING 1682 LANGLEY AVE IRVINE CA 82614 CONSTRUCTION 312089 SOLITUDE LAKE MANAGEMENT 1320 BROOKWOOD DRIVE STE H LITTLE ROCK AR 72202 LANDSCAPE SERVICE 190231 4 PROTECT/MAINTAIN PROPE 531390 2266259 2266259 2266259 29923 29923 213415 179974 33441 33441 33441 2329623 2299700 0 29923 232229 180202 52027 38449 38449 8750 8750 46179 46179 1068 1068 293018 293018 813 813 40332 40332 45104 45104 LANDSCAPING SERVICE 851547 851547 MAJOR REPAIRS & REPLACE 811992 811992 COMMON AREA/LAKES/WATER 227355 227355 ADMINISTRATIVE & GENERA 63935 63935 12474 12474 2673245 2463905 209340 0 436716 623345 1419545 992058 86089 68562 23992 20473 1394299 731428 703203 662871 724322 738237 1004 521 3394871 3106067 94951 124927 449321 458296 544272 583223 X 2850599 1013528 1509316 2850599 2522844 3394871 3106067 -343622 15867 0 X X 0 1 X 1 0 634941 353187 281754 3487 3487 0 755871 374754 381117 662871 SHORT TERM INVESTMENTS 587595 C LONG TERM INVESTMENTS 150642 C 738237 PREPAID ASSESSMENTS 455763 OTHER LIABILITIES 2533 458296 X 2345490 15867 15867 2329623 0 2329623 2673245 0 2673245 0 2673245 PART X, LINE 2: THE ASSOCIATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS, IF ANY, IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION SECTION 740. IN ACCORDANCE WITH THESE PROFESSIONAL STANDARDS, THE ASSOCIATION RECOGNIZES TAX POSITIONS ONLY TO THE EXTENT THAT MANAGEMENT BELIEVES IT IS "MORE LIKELY THAN NOT" THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT IS HAS NO UNCERTAIN TAX POSITION FOR THE YEAR ENDING DECEMBER 31, 2021. THE ASSOCIATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ASSOCIATION'S FINANCIAL CONDITION, NET INCOME OR CASH FLOWS. ACCORDINGLY, THE ASSOCIATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN TAX PROVISIONS AT DECEMBER 31, 2021. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS CURRENTLY IN PROGRESS FOR ANY TAX PERIODS. THE ASSOCIATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL TAX AUTHORITIES FOR YEARS BEFORE 2019, OR BY ARIZONA STATE TAX AUTHORITIES FOR YEARS BEFORE 2018. FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION HAS OBTAINED THE SERVICES OF A RESIDENTIAL PROPERTY MANAGEMENT COMPANY TO MANAGE THE AFFAIRS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MEMBERSHIP IN THE CORPORATION IS LIMITED TO OWNERS. FORM 990, PART VI, SECTION A, LINE 7A HOMEOWNERS ELECT OFFICERS AND BOARD MEMBERS FOR THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - MEMBERS HAVE THE POWER TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY IS PROVIDED A COPY OF THE FORM 990 FOR REVIEW AND SIGNATURE BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, ETC. ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR.