TY 2015 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) MICHAEL MILLER......................................................................
RECEIVER

24.00
.................

36,660

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

COUNTRY SQUIRE LAKES COMMUNITY
ASSOCIATION INC

Employer identification number

23-7388359

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 3	ELITE PROPERTY MANAGEMENT SERVICES OF INDIANA, INC WAS ENGAGED THROUGH JUNE 2015 TO PERFORM ACCOUNTING AND MANAGEMENT OVERSIGHT SERVICES. FULL MANAGEMENT OF THE ASSOCIATION WAS ASSUMED BY THE COURT APPOINTED RECEIVER WHO TOOK CONTROL OF THE ASSOCIATION IN LATE MAY 2015. ELITE CONTINUES TO PROVIDE ACCOUNTING SERVICES. THE ASSOCIATION IS IN COURT ORDERED RECEIVERSHIP. JENNINGS COUNTY SUPERIOR COURT APPOINTED MIKE MILLER AS RECEIVER OF COUNTRY SQUIRE LAKES COMMUNITY ASSOCIATION INC (CSL) ON MAY 12, 2015. AT THAT TIME, FULL GOVERNANCE OF THE ASSOCIATION WAS ASSUMED BY THE APPOINTED RECEIVER WHO TOOK CONTROL OF THE ASSOCIATION FROM THE BOARD. ALL VOTING RIGHTS OF MEMBERS ARE SUSPENDED INDEFINITELY. THE RECEIVER ATTENDS A QUARTERLY HEARING IN JENNINGS COUNTY SUPERIOR COURT TO REVIEW ANY MAJOR FINANCIAL DEALINGS OR CHANGES TO THE OPERATING STRUCTURE. HE ALSO MEETS QUARTERLY WITH AN ADVISORY COMMITTEE MADE UP OF ONE JENNINGS COUNTY COMMISSIONER, A REPRESENTATIVE FROM BANK HOLDING MORTGAGE, AND ONE FORMER CSL BOARD MEMBER. THERE ARE TWO MAIN REASONS THE COURT ORDERED A RECEIVER. DURING LAWSUIT PROCEEDINGS WITH A LOT OWNER FOR SEVERAL YEARS OF BACK ASSESSMENTS ON MULTIPLE LOTS, BOARD'S MIS-MANAGEMENT OF MEMBER'S ASSESSMENTS AND DETERIORATION OF ASSOCIATION PROPERTY WAS ALLEGED AS REASONS FOR NON-PAYMENT. ALSO, THE BANK, A SECURED CREDITOR OF THE ASSOCIATION, DECIDED TO FORECLOSE ON THE MORTGAGE LOAN. SINCE THE RECEIVER WAS APPOINTED, THE MORTGAGE LOAN HAS BEEN SIGNIFICANTLY PAID DOWN WITH COLLECTION OF BACK ASSESSMENTS FROM SEVERAL LOT OWNERS. ASSOCIATION PROPERTY IS STEADILY BEING CLEANED UP AND REPAIRED, AND HOA REGULATIONS ARE BEING ENFORCED. WHILE IT WILL TAKE YEARS TO GET THE ASSOCIATION PROPERTY COMPLETELY CLEANED UP, THE RECEIVER HAS ALREADY MADE PROGRESS AS LOT OWNER'S HAVE RENEWED HOPE FOR THE FUTURE. WITH CONTINUED OVERSIGHT AND PROGRESS, THE GOALS ARE TO IMPROVE THE ENVIRONMENT, RESTORE PROPERTY VALUES, AND BRING BACK NORMAL BOARD GOVERNANCE IN THE FUTURE. THE ASPIRATION FOR THE FUTURE IS FOR CSL TO BE THOUGHT OF AS CLEAN, SAFE, LIVING!
FORM 990, PART VI, SECTION A, LINE 7A	ON MAY 12, 2015, JENNINGS COUNTY SUPERIOR COURT JUDGE APPROVED AND ORDERED RECEIVERSHIP OF ASSOCIATION.
FORM 990, PART VI, SECTION A, LINE 7B	ON MAY 12, 2015, JENNINGS COUNTY SUPERIOR COURT JUDGE APPROVED AND ORDERED RECEIVERSHIP OF ASSOCIATION.
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE RETURN IS THEN REVIEWED BY THE RECEIVER, WHO APPROVES THE FILING OF THE RETURN.
FORM 990, PART VI, SECTION C, LINE 19	THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ASSOCIATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: MAINTAIN AND IMPROVE THE COMMON REAL PROPERTY FOR THE ENJOYMENT OF THE MEMBERS AND GENERAL PUBLIC.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	1
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	0
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	7
6	Total number of volunteers (estimate if necessary) .............	6	15
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	639,067	1,067,215
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	-3,095	31,652
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	8,867	26,911
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	644,839	1,125,778
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	44,565	80,181
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	548,309	444,147
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	592,874	524,328
19	Revenue less expenses. Subtract line 18 from line 12.......	51,965	601,450
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	1,270,153	1,567,317
21	Total liabilities (Part X, line 26).............	579,963	275,677
22	Net assets or fund balances. Subtract line 21 from line 20.....	690,190	1,291,640

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 428,481 including grants of $ ) (Revenue $ 1,091,160 )
	THE ASSOCIATION PRESERVES AND MAINTAINS 19 MILES OF ROADS, LAKES, A DAM, A CLUBHOUSE, BOAT DOCKS, A BAIT SHOP, CAMPGROUND, AND PLAYGROUND. JENNINGS COUNTY MAINTAINS 15 MILES OF THE TOTAL 34 MILES OF ROADS WITHIN THE ASSOCIATION. THE ASSOCIATION CONSISTS OF 4,006 LOTS. THERE ARE APPROXIMATELY 1,800 LOT OWNERS OF THE ASSOCIATION. IN ADDITION, THE ASSOCIATION HAS APPROXIMATELY 2,200 ASSOCIATE MEMBERS. THE BY-LAWS DEFINE ASSOCIATE MEMBERS AS A SPOUSE, CHILDREN, FAMILY MEMBERS AND RELATIVES, GUESTS, OR SIGNIFICANT OTHERS OF A LOT OWNER LIVING ON ANY LOT AT THE SAME TIME OR WITH THE LOT OWNER. THEY CAN PARTICIPATE ON ANY ACTIVE COMMITTEE AND HAVE THE RIGHT AND PRIVILEGE TO USE THE COMMON AMENITIES.

4b	(Code: ) (Expenses $ 3,875 including grants of $ ) (Revenue $ 2,966 )
	THE CLUBHOUSE AND BAIT SHOP ON THE COMMUNITY PROPERTY ARE AVAILABLE TO THE GENERAL PUBLIC. THE RESTAURANT WAS CLOSED IN JULY 2015. REVENUE IS GENERATED FROM THE RENTAL OF THESE FACILITIES. CURRENTLY THE RESTAURANT AREA IN THE CLUBHOUSE IS BEING DONATED TO LOCAL AND STATE POLICE FOR USE AS A SPACE TO WORK FROM. A VENDING MACHINE IS ALSO AVAILABLE FOR PUBLIC USE. THE ASSOCIATION CONTRACTS WITH A SUPPLIER TO MAINTAIN AND FILL THE VENDING MACHINES FOR PUBLIC USE. THESE AMENITIES ENHANCE THE ENJOYMENT OF THE COMMUNITY PROPERTY AND PROVIDE CONVENIENCE TO THE MEMBERS AND GENERAL PUBLIC.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses432,356

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	36,660	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a-1f:$
h Total.Add lines 1a-1f.......

			Business Code
2a	MEMBER ASSESSMENTS	900099	1,061,919	1,061,919
b	OTHER PROGRAM REVENUE	900099	3,286	3,286
c	PERMIT AND DECAL INCOM	900099	2,010	2,010
d
e
f	All other program service revenue.
g Total.Add lines 2a–2f.....			1,067,215

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			3			3
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents		936
b	Less: rental expenses		0
c	Rental income or (loss)		936
d	Net rental income or (loss)......			936	936
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	42,673
b	Less: cost or other basis and sales expenses	11,024
c	Gain or (loss)	31,649
d	Net gain or (loss).....			31,649			31,649
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	EXPENSE REIMBURSEMENTS		900099	25,218	25,218
b	ASSESSMENT LATE FEES		900099	757	757
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			25,975
12	Total revenue. See Instructions......			1,125,778	1,094,126	0	31,652

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to individuals in the United States. See Part IV, line 22
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	41,040	32,832	8,208
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	27,638	16,583	11,055
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	11,503	6,902	4,601
11	Fees for services (non-employees):
a	Management ......	26,801	21,441	5,360
b	Legal .........	62,146	49,717	12,429
c	Accounting ...........	6,013	1,203	4,810
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	1,272	1,272
12	Advertising and promotion ....
13	Office expenses .......	23,565	14,139	9,426
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	147,762	132,986	14,776
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	35,091	28,073	7,018
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	65,597	59,037	6,560
23	Insurance ...	67,401	60,661	6,740
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PROPERTY AND OTHER TAXE	6,021	5,419	602
b	STATE TAXES	1,395	1,116	279
c	MISCELLANEOUS OPERATING	1,083	975	108
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	524,328	432,356	91,972	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			58,039	1	415,621
2	Savings and temporary cash investments .........			5,555	2	5,558
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net ....			0	7	13,400
8	Inventories for sale or use ........				8
9	Prepaid expenses and deferred charges ......				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	4,927,575
b	Less: accumulated depreciation	10b	3,794,837	1,206,559	10c	1,132,738
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 34)...			1,270,153	16	1,567,317

17	Accounts payable and accrued expenses .....		17
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..	579,963	23	275,677
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	579,963	26	275,677

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....	0	30	0
31	Paid-in or capital surplus, or land, building or equipment fund ...	0	31	0
32	Retained earnings, endowment, accumulated income, or other funds	690,190	32	1,291,640
33	Total net assets or fund balances ...........	690,190	33	1,291,640
34	Total liabilities and net assets/fund balances ........	1,270,153	34	1,567,317

1	Total number at end of year ....
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ....

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land ...	258,023		258,023
b	Buildings	660,072	506,444	153,628
c	Leasehold improvements	3,778,548	3,078,858	699,690
d	Equipment ...	225,928	205,115	20,813
e	Other ...	5,004	4,420	584
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				1,132,738

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

(a) Description of security or category (including name of security)	(b)Book value	(c)Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)