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      <ReconcilationOtherChanges>-237153</ReconcilationOtherChanges>
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      <AuditCommittee>1</AuditCommittee>
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        <CurrentTaxYear>30898</CurrentTaxYear>
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        <CurrentTaxYearMinus1Year>283705</CurrentTaxYearMinus1Year>
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        <CurrentTaxYearMinus1Year>616750</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>413592</CurrentTaxYear>
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        <CurrentTaxYear>129663</CurrentTaxYear>
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        <CurrentTaxYear>533723</CurrentTaxYear>
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      <InvestmentIncomePercentage>0.19480</InvestmentIncomePercentage>
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        <Contributions>500000</Contributions>
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      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
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      <TotalOfBookValueLandBuildings>0</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>PAYABLE TO AFFILIATE</Description>
        <Amount>10000</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>10000</TotalOfAmounts>
      <TotalRevenue>507175</TotalRevenue>
      <TotalExpenses>478971</TotalExpenses>
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      <NetUnrealizedGLOnInvestments>-237153</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>-237153</TotalAdjustments>
      <ExcessOrDeficitPerFS>-208949</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>811630</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>-237153</NetUnrealizedGainsInvestments>
      <DonatedSrvcAndUseOfFacilities>438473</DonatedSrvcAndUseOfFacilities>
      <OtherRevenues>103135</OtherRevenues>
      <RevenueNotRptdF990>304455</RevenueNotRptdF990>
      <RevenueSubtotal>507175</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>507175</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>1020579</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>438473</DonatedServicesUseOfFacilities>
      <OtherExpensesIncluded>103135</OtherExpensesIncluded>
      <ExpensesNotRptdF990>541608</ExpensesNotRptdF990>
      <ExpensesSubtotal>478971</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>478971</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS MAINTAINED ITS EXEMPT STATUS AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS THROUGH SEPTEMBER 30, 2011.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>FUNDRAISING EVENTS EXPENSE COST OF GOODS SOLD</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XIII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>FUNDRAISING EVENTS EXPENSE COST OF GOODS SOLD</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041300001">
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        <NameOfEvent1>GOLF TOURNAMENT</NameOfEvent1>
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        <GrossRevenueEvent1>150265</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>78822</OtherDirectExpensesEvent1>
        <GrossReceiptsTotal>150265</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>150265</GrossRevenueTotalEvents>
        <OtherDirectExpensesTotalEvents>78822</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>78822</DirectExpenseSummaryEvents>
        <NetIncomeSummary>71443</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
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      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>0</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>HOWARD NUSBAUM</NamePerson>
        <BaseCompensationFilingOrg>0</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>404232</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>218321</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>552</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>29400</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>8969</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>0</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>661474</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>DARLA ZANINI</NamePerson>
        <BaseCompensationFilingOrg>0</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>125043</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>12405</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>392</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>18120</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>8868</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>0</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>164828</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 7A</Identifier>
        <Explanation>BOARD MEMBERS ARE SELECTED BY A COMMITTEE COMPRISED OF THE ARDA CHAIRMAN, CHAIRMAN OF THE FOUNDATION, VICE CHAIRMAN OF THE FOUNDATION, THE ARDA PRESIDENT, AND THE FOUNDATION EXECUTIVE DIRECTOR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. DIRECTORS WITH FINANCIAL EXPERTISE ARE DESIGNATED TO REVIEW AND APPROVE FORM 990. THE VP OF FINANCE REVIEWS FORM 990 PRIOR TO SIGNING AND FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE CONFLICT OF INTEREST POLICY STATEMENT IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AT ALL MEETINGS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED LOSSES ON INVESTMENTS: -237,153.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VII</ReturnReference>
        <Explanation>HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS DARLA ZANINI 1.0 HRS PER WEEK ARDA HOWARD NUSBAUM 35.0 HRS PER WEEK ARDA</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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          <BusinessNameLine1>AMERICAN RESORT DEVELOPMENT ASSOCIATION</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1201 15TH STREET NW STE 400</AddressLine1>
          <City>WASHINGTON</City>
          <State>DC</State>
          <ZIPCode>20005</ZIPCode>
        </AddressUS>
        <EIN>520895129</EIN>
        <PrimaryActivities>TRADE ASSOICATION</PrimaryActivities>
        <LegalDomicileState>DC</LegalDomicileState>
        <ExemptCodeSection>501(C)(6)</ExemptCodeSection>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>0</ControlledOrg>
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      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>1</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>1</SharingOfFacilities>
      <SharingOfPaidEmployees>1</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>1</ReimbursementPaidToOtherOrg>
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      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
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