FAIRMOUNT CEMETERY ASSOCIATION OF NEWARK AND SOMERSET HILLS A NEW JE: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: FAIRMOUNT CEMETERY ASSOCIATION OF NEWARK AND SOMERSET HILLS A NEW JE (EIN 22-0900710)
Tax period: 2011-02-01 to 2012-01-31
Filed: 2012-05-30
IRS object ID: 201221519349300202
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-30T08:16:49-05:00	Timestamp
Tax Period End Date	2012-01-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	272628827	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	J VELOCCI & ASSOCIATES	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	390 ROUTE 10 WEST STE 201	AddressLine1
City	RANDOLPH	City
State	NJ	State
ZIP Code	07869	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-02-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	220900710	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	FAIRMOUNT CEMETERY ASSOCIATION OF	BusinessNameLine1
Business Name Line2	NEWARK AND SOMERSET HILLS	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	FAIR	NameControl
Phone	9736230695	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	620 CENTRAL AVE	AddressLine1
City	NEWARK	City
State	NJ	State
ZIP Code	07107	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	FREDERICK B LEHLBACH	Name
Title	PRESIDENT	Title
Phone	9736230695	Phone
Date Signed	2012-05-24	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JOSEPH VELOCCI CPA	Name
PTIN	P00057374	PTIN
Phone	9736209607	Phone
Date Prepared	2012-05-22	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	FREDERICK B LEHLBACH	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	620 CENTRAL AVENUE	AddressLine1
City	NEWARK	City
State	NJ	State
ZIP Code	07107	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	3794741	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1855	YearFormation
State Legal Domicile	NJ	StateLegalDomicile
Activity Or Mission Description	BURIAL, CREMATORY SERVICES AND THE MAINTENANCE AND PRESERVATION OF MAUSOLEUMS AND CEMETERY GROUNDS FOR ITS TWO LOCATIONS FAIRMOUNT CEMETERY IN NEWARK, NEW JERSEY AND SOMERSET HILLS MEMORIAL PARK IN BASKING RIDGE, NEW JERSEY	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	25	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	2990490	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3090411	ProgramServiceRevenueCY
Investment Income Prior Year	977298	InvestmentIncomePriorYear
Investment Income Current Year	704330	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	3967788	TotalRevenuePriorYear
Total Revenue Current Year	3794741	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1521281	SalariesEtcPriorYear
Salaries Etc Current Year	1543451	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1657450	OtherExpensePriorYear
Other Expenses Current Year	2602642	OtherExpensesCurrentYear
Total Expenses Prior Year	3178731	TotalExpensesPriorYear
Total Expenses Current Year	4146093	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	789057	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-351352	RevenuesLessExpensesCY
Total Assets BOY	27987157	TotalAssetsBOY
Total Assets EOY	27413573	TotalAssetsEOY
Total Liabilities BOY	531794	TotalLiabilitiesBOY
Total Liabilities EOY	526461	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	27455363	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	26887112	NetAssetsOrFundBalancesEOY
Mission Description	BURIAL,CREMATORY SERVICES AND THE MAINTENACE AND PRESERVATION OF MAUSOLEUMS AND CEMETERY GROUNDS FOR ITS TWO LOCATIONS FAIRMOUNT CEMETERY IN NEWARK,NEW JERSEY AND SOMERSET HILLS MEMORIAL PARK IN BASKING RIDGE,NEW JERSEY	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	2535801	Expense
Description	BURIAL AND CREMATORY SERVICES	Description
Total Program Service Expense	2535801	TotalProgramServiceExpense
Described In501 C3	0	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	1	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	8	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	25	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	1	MembersOrStockholders
Election Of Board Members	1	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	0	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	THE ASSOCIATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	9736230695	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	620 CENTRAL AVENUE	AddressLine1
City	NEWARK	City
State	NJ	State
ZIP Code	071071020	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
DAVID S OSTERMAN
BOARD MEMBER	5.00	X	11000	0	0
CHRISTOPHER M WIEDENMAYER
CHAIRMAN OF THE BOARD	10.00	X	16500	0	0
WILLIAM J JOHNSON
TREASURER	5.00	X	11000	0	0
JOSEPH E PRATHER
VICE CHAIRMAN	5.00	X	11000	0	0
JACQUELINE L WELSH
BOARD MEMBER	5.00	X	11000	0	0
FREDERICK B LEHLBACH
PRESIDENT-SECRETARY	40.00		131154	0	0	X
REGINA MOSLEY
ASSISTANT SECRETARY	40.00		61799	0	0	X
GINA WALKER
ASSISTANT SECRETARY	40.00		52152	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	305605	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
MAUSOLEUM & CREMATORY	900099	1298602	1298602
CEMETERY OPERATIONS	900099	1182131	1182131
GAIN ON SALE-SECURITIE	900099	586252	586252
MISCELLANEOUS	900099	23426	23426

Field	Value	IRS element (for citing)
Total Program Service Revenue	3090411	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	704330	TotalRevenueColumn
Related Or Exempt Function Income	704330	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3794741	TotalRevenueColumn
Related Or Exempt Function Income	3794741	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	X	InfoInScheduleOPartIX

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	305605	Total
Management And General	305605	ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	797380	Total
Program Services	637935	ProgramServices
Management And General	159445	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	154270	Total
Management And General	154270	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	286196	Total
Program Services	245337	ProgramServices
Management And General	40859	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	36016	Total
Management And General	36016	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	106288	Total
Management And General	106288	ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	40708	Total
Management And General	40708	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	51244	Total
Management And General	51244	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	58331	Total
Management And General	58331	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	4798	Total
Management And General	4798	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	191727	Total
Management And General	191727	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
CONSTRUCTION COSTS	987024	987024
COMMISSIONS	163573	163573
BANK FEES	89363		89363
CONTRACT SERVICES	89023	89023

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	784547	Total
Program Services	412909	ProgramServices
Management And General	371638	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	4146093	Total
Program Services	2535801	ProgramServices
Management And General	1610292	ManagementAndGeneral
Fundraising	0	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1028060	BOY
EOY	356778	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	525753	BOY
EOY	472235	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	2	BOY
EOY	2	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	6332	BOY
EOY	0	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2	LandBuildingsEquipmentBasis

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2	BOY
EOY	2	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	26427008	BOY
EOY	26584556	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	27987157	BOY
EOY	27413573	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	21799	BOY
EOY	69984	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	509995	BOY
EOY	456477	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	531794	BOY
EOY	526461	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1403336	BOY
EOY	553111	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	26052027	BOY
EOY	26334001	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	27455363	BOY
EOY	26887112	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	27987157	BOY
EOY	27413573	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-351352	ReconcilationRevenueExpenses
Reconcilation Other Changes	-216899	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2	OtherCostOrOtherBasis
Book Value	2	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (3 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
COMMON STOCK	9791232	F
US GOVERNMENT BONDS AND NOTES	5578	F
MUTUAL FUNDS	16787746	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	26584556	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
DEFERRED INCOME	$453,602
SECURITY DEPOSITS	$2,875

Field	Value	IRS element (for citing)
Total Of Amounts	456477	TotalOfAmounts
Total Revenue	3794741	TotalRevenue
Total Expenses	4146093	TotalExpenses
Excess Or Deficit For Year	-351352	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-216899	NetUnrealizedGLOnInvestments
Total Adjustments	-216899	TotalAdjustments
Excess Or Deficit Per FS	-568251	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	3794741	TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	3794741	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	3794741	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	4146093	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	4146093	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	4146093	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	Identifier
Return Reference	PART X:	ReturnReference
Explanation	THE ASSOCIATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ASSOCIATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE ASSOCIATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ASSOCIATIONS FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ASSOCIATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JANUARY 31, 2012 AND 2011. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ASSOCIATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JANUARY 31, 2009. THE ASSOCIATIONS POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION HAS MEMBERS (LOT OWNERS) THAT ELECT THE BOARD OF DIRECTORS
FORM 990, PART VI, SECTION A, LINE 7A	THE ORGANIZATION HAS MEMBERS (LOT OWNERS) THAT ELECT THE BOARD OF DIRECTORS
FORM 990, PART VI, SECTION B, LINE 11	THE PRESIDENT OF THE ORGANIZATION RECEIVES FORM 990 AND PRESENTS THE RETURN TO THE FINANCE COMMITTEE FOR APPROVAL
FORM 990, PART VI, SECTION B, LINE 12C	THE ORGANIZATION'S EMPLOYEES MUST ADVISE THEIR SUPERVISOR UPON OBTAINING SECONDARY EMPLOYMENT TO AVOID POTENTIAL CONFLICTS OF INTEREST
FORM 990, PART VI, SECTION B, LINE 15	THE PRESIDENT AND KEY EMPLOYEES COMPENSATION ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
FORM 990, PART X, LINE 24E	REPAIRS: PROGRAM SERVICE EXPENSES 88,505. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 88,505. SUPPLIES: PROGRAM SERVICE EXPENSES 88,320. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 88,320. UTILITIES: PROGRAM SERVICE EXPENSES 87,352. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,352. SECURITY PATROL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 80,754. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 80,754. CAPITAL IMPROVEMENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 64,851. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,851. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 47,228. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,228. ADMINISTRATIVE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 45,980. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,980. LAND REPURCHASE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 39,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,800. LITIGATION SETTLEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 29,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,000. SUPPLIES: PROGRAM SERVICE EXPENSES 28,585. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,585. UTILITIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 25,504. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,504. TRASH REMOVAL: PROGRAM SERVICE EXPENSES 24,031. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,031. REPAIRS: PROGRAM SERVICE EXPENSES 22,583. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,583. UTILITIES: PROGRAM SERVICE EXPENSES 20,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,250. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,630. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,630. EQUIPMENT: PROGRAM SERVICE EXPENSES 16,027. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,027. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 15,393. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,393. DUES AND MEETINGS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,789. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,789. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 12,256. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,256. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 9,607. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,607. OFFICE AND EQUIPMENT REPAIRS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,584. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,584. KRUEGER EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,518. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,518.	ALL OTHER FUNCTIONAL EXPENSES
FORM 990, PART XI, LINE 5:	NET UNREALIZED LOSSES ON INVESTMENTS: -216,899.	CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990, PART XII, LINE 2C	THERE WERE NO CHANGES IN THE ORGANIZATIONS AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE CURRENT YEAR.	AUDIT OVERSIGHT AND SELECTION PROCESS