2025-11-07T11:51:20-06:00 2024-12-31 860907754 BUTLER HANSEN PC 1734 E BOSTON ST STE 101 GILBERT AZ 85295 990 2024-01-01 860499117 THE ISLANDS COMMUNITY ASSOCIATION ISLA 4805514300 9000 E PIMA CENTER PARKWAY STE 300 SCOTTSDALE AZ 85258 MATT LETTER PRESIDENT 4805514300 2025-11-07 1 0 PAUL E HANSEN CPA P00471597 4804971250 2025-11-07 2024 2025-03-06 01:10:19Z MATT LETTER 9000 E PIMA CENTER PARKWAY STE 300 SCOTTSDALE AZ 85258 3192324 0 X N/A X 1984 AZ CARE AND MAINTENANCE OF THE COMMUNITY. 7 7 0 30 0 0 0 0 2619234 3053312 97271 139012 0 0 2716505 3192324 0 0 0 0 0 0 0 0 0 2207613 2550660 2207613 2550660 508892 641664 3518337 4291271 519503 632464 2998834 3658807 CARE AND MAINTENANCE OF THE COMMUNITY. 0 0 2316860 3047792 TO PROTECT AND MAINTAIN THE QUALITY OF LIFE IN THE COMMUNITY BY MAINTENANCE OF THE LANDSCAPING, COMMON AREAS AND RECREATIONAL FACILITIES OF THE ASSOCIATION. 34659 5520 PROVIDE RECREATIONAL ACTIVITIES AND SOCIAL EVENTS FOR THE MEMBERS OF THE COMMUNITY 2351519 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 15 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 KEN KELLEY DIRECTOR 2.00 X 0 0 0 JEFF REISINGER DIRECTOR 2.00 X 0 0 0 JORDAN HEISLER DIRECTOR 2.00 X 0 0 0 SANDY SHRADER DIRECTOR 2.00 X 0 0 0 MATT LETTER PRESIDENT 2.00 X 0 0 0 JAMES BRINDLE VICE PRESIDENT 2.00 X 0 0 0 CHARLOTTE ADCOCK SECRETARY/TREASURER 2.00 X 0 0 0 0 0 0 0 0 0 0 BRIGHTVIEW LANDSCAPE PO BOX 31001-2463 PASADENA CA 911102463 LANDSCAPE SERVICE 1084773 FIRSTSERVICE RESIDENTIAL 154241 LAGUNA RD IRVICE CA 92618 MANAGEMENT SERVICE 380078 ARIZONA LAKE AND POND 27212 N 64TH LANE PHOENIX AZ 85083 AQUATICS MAINTENANCE 114887 3 PROTECT/MAINTAIN PROPE 531390 3053312 3053312 3053312 139012 139012 3192324 3053312 0 139012 289429 231787 57642 14603 14603 10250 10250 40464 40464 474400 474400 3878 3878 40332 40332 41082 41082 LANDSCAPING SERVICE 923391 923391 MAJOR REPAIRS & REPLACE 415256 415256 COMMON AREA/LAKES/WATER 176009 176009 ADMINISTRATIVE & GENERA 86907 86907 34659 34659 2550660 2351519 199141 0 950636 1069203 1221480 710460 101365 69269 22514 25694 1368699 826825 582206 541874 640062 1858388 74 16383 3518337 4291271 54208 89895 465295 542569 519503 632464 X 0 0 0 0 2998834 3658807 2998834 3658807 3518337 4291271 641664 18309 0 X 0 1 X 0 0 634941 400808 234133 733758 426017 307741 541874 SHORT TERM INVESTMENTS 518388 C LONG TERM INVESTMENTS 1340000 C 1858388 PREPAID ASSESSMENTS 538619 OTHER LIABILITIES 3950 542569 X 3210633 18309 18309 3192324 0 3192324 2550660 0 2550660 0 2550660 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, 2024. 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, 2024. 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 2022, OR BY ARIZONA STATE TAX AUTHORITIES FOR YEARS BEFORE 2021. 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 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 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.