2021-11-15T13:18:28-06:00 2020-12-31 860842863 BUTLER HANSEN PLC 1734 EAST BOSTON STREET STE 101 GILBERT AZ 85295 990 2020-01-01 860499117 THE ISLANDS COMMUNITY ASSOCIATION ISLA 4805514300 9000 E PIMA CENTER PARKWAY STE 300 SCOTTSDALE AZ 85258 CHARLES HUMMEL TREASURER 4805514300 2021-11-15 1 CHARLES HUMMEL 999009999 PAUL E HANSEN CPA P00471597 4804971250 2021-11-15 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MATT LETTER 9000 E PIMA CENTER PARKWAY STE 300 SCOTTSDALE AZ 85258 2193568 0 X N/A X 1984 AZ CARE AND MAINTENANCE OF THE COMMUNITY. 7 7 0 15 0 0 0 0 2180591 2127706 100601 65862 0 0 2281192 2193568 0 0 0 0 0 0 0 0 0 2088491 2134575 2088491 2134575 192701 58993 3263216 3394871 471610 544272 2791606 2850599 CARE AND MAINTENANCE OF THE COMMUNITY. 0 0 1866408 2127706 TO PROTECT AND MAINTAIN THE QUALITY OF LIFE IN THE COMMUNITY BY MAINTENANCE OF THE LANDSCAPING, COMMON AREAS AND RECREATIONAL FACILITIES OF THE ASSOCIATION. 9626 0 PROVIDE RECREATIONAL ACTIVITIES AND SOCIAL EVENTS FOR THE MEMBERS OF THE COMMUNITY 1876034 0 0 0 0 0 0 0 0 0 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 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 0.00 X 0 0 0 CHARLOTTE ADCOCK DIRECTOR 1.00 0.00 X 0 0 0 JOHN STOEHR DIRECTOR 1.00 0.00 X 0 0 0 MATT LETTER PRESIDENT 1.00 0.00 X 0 0 0 CHARLES HUMMEL TREASURER 1.00 0.00 X 0 0 0 MARIE NOWICKI VICE PRESIDENT 1.00 0.00 X 0 0 0 ROGER REINHARDT SECRETARY 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 BRIGHTVIEW LANDSCAPE PO BOX 31001-2463 PASADENA CA 911102463 LANDSCAPE SERVICE 1112527 FIRSTSERVICE RESIDENTIAL 9000 E PIMA CENTER PKWY 300 SCOTTSDALE AZ 85258 MANAGEMENT SERVICE 317525 2 PROTECT/MAINTAIN PROPE 531390 2127706 2127706 2127706 65862 65862 2193568 2127706 0 65862 244191 122095 122096 12826 6413 6413 8750 8750 4883 4883 40332 20166 20166 26827 26827 LANDSCAPING SERVICE 845491 845491 MAJOR REPAIRS & REPLACE 382813 382813 UTILITIES 276354 265300 11054 LAKES 122114 122114 169994 111642 58352 2134575 1876034 258541 0 336026 436716 1365033 1419545 86695 86089 19291 23992 1394299 691096 743535 703203 712636 725326 3263216 3394871 86013 94951 385597 449321 471610 544272 X 2791606 2850599 2791606 2850599 3263216 3394871 58993 0 X 0 1 X 1 0 634941 337313 297628 3487 3487 0 755871 350296 405575 703203 ACCRUED RESERVE INTEREST 1004 OTHER INVESTMENTS 724322 725326 PREPAID ASSESSMENTS 449321 449321 X 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, 2020. 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, 2020. 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 2018, OR BY ARIZONA STATE TAX AUTHORITIES FOR YEARS BEFORE 2017 FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - THE DAY TO DAY OPERATIONAL ACTIIVITES ARE HANDLED BY A PROPERTY MANAGEMENT COMPANY. THE BOARD OF DIRECTORS MAINTAINS OVERSIGHT RESPONSIBILITY. 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 LINE 7A EXPLANATION - MEMBERSHIP IN THE CORPORATION IS LIMITED TO OWNERS. 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 LINE 11B EXPLANATION - THE GOVERNING BOARD IS PROVIDED WITH A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, ETC. ARE MADE AVAILABLE TO MEMBERS UPON REQUEST.