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) GENE PRESCOTT......................................................................
President

1.00
.................
0.00

(2) LEONARD SCHROEDER......................................................................
Vice President

1.00
.................
0.00

(3) GERALD STEVENSON......................................................................
Secretary

1.00
.................
0.00

(4) RICK PETERS......................................................................
Director

1.00
.................
0.00

(5) RON OLM......................................................................
Director

1.00
.................
0.00

(6) PAUL KRANIG......................................................................
Director

1.00
.................
0.00

(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	(C) Compensation
COY LANDSCAPING 2915 E JONES AVENUE PHOENIX,AZ85040	LANDSCAPE SERVICE	206,378
FIRSTSERVICE RESIDENTIAL 9000 E PIMA CTR DR 300 PHOENIX,AZ85258	MANAGEMENT SERVICE	382,844
KITCHELL CORPORATION 1707 E HIGHLAND AVE PHOENIX,AZ85016	CONTRACT	535,418


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 3

(A)
Name and business address

(B)
Description of services

COY LANDSCAPING

2915 E JONES AVENUE
PHOENIX,AZ85040

LANDSCAPE SERVICE

206,378

FIRSTSERVICE RESIDENTIAL

9000 E PIMA CTR DR 300
PHOENIX,AZ85258

MANAGEMENT SERVICE

382,844

KITCHELL CORPORATION

1707 E HIGHLAND AVE
PHOENIX,AZ85016

CONTRACT

535,418

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	1,492,709
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	1,492,709
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	1,492,709

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	1,286,984
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	1,286,984
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	1,286,984

- 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

GOLD CANYON RANCH COMMUNITY ASSOCIATION
MOUNTAINBROOK VILLAGE AT GOLD CANYON

Employer identification number

86-0631081

Return Reference	Explanation
Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder	EACH UNIT OWNER WITHIN THE HOMEOWNERS ASSOCIATION IS A MEMBER OF THE ORGANIZATION.
Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body	ELECTIONS FOR NEW MEMBER OF THE GOVERNING BOARD ARE CONDUCTED ON AN ANNUAL BASIS IN ACCORDANCE WITH THE ASSOCIATIONS ORGANIZATIONAL DOCUMENTS.
Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders	ANY SUBSTANTIAL CHANGES TO THE ORGANIZATIONAL DOCUMENTS ARE APPROVED BY THE GENERAL MEMBERSHIP OF THE COMMUNITY.
Form 990, Part VI, Line 11b: Form 990 Review Process	NO REVIEW WAS OR WILL BE CONDUCTED.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE THROUGH ITS ONSITE ADMINISTRATIVE OFFICES.
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management	THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF THE COMMUNITY MANAGER ON AN ANNUAL BASIS AND APPROVED THE COMPENSATION. THE BOARD USES INDUSTRY DATA TO COMPARE COMPENSATION AGREEMENTS.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF THE COMMUNITY MANAGER ON AN ANNUAL BASIS AND APPROVES THE COMPENSATION. THE BOARD USES INDUSTRY DATA TO COMPARE COMPENSATION AGREEMENTS.
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE THROUGH ITS ONSITE ADMINISTRATIVE OFFICE. NO DOCUMENTS AVAILABLE TO THE PUBLIC.
Form 990, Part IX, Line 24e: Other Expenses	ACTIVITY EXPENSES: Column (A) - Total = $91801; Column (B) - Program Services = $91801; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	COMMON AREA MAINTENANCE: Column (A) - Total = $104485; Column (B) - Program Services = $104485; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	GATE MAINTENANCE: Column (A) - Total = $11061; Column (B) - Program Services = $11061; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	MAJOR REPAIRS & REPLACEMENT: Column (A) - Total = $122418; Column (B) - Program Services = $122418; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	POOL/SPA/CLUBHOUSE MAINTENANCE: Column (A) - Total = $31696; Column (B) - Program Services = $31696; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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:	15000324
Software Version:	2015v2.0

1	Briefly describe the organization’s mission or most significant activities: TO PROTECT AND MAINTAIN THE OVERALL AESTHETICS OF THE COMMUNITY AND TO PROVIDE RECREATIONAL ACTIVITIES.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	6
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	6
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	300
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

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........		0
9	Program service revenue (Part VIII, line 2g) .........	1,460,125	1,443,044
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	4,552	6,143
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	39,923	43,522
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,504,600	1,492,709
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		0
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)		0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,239,598	1,286,984
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,239,598	1,286,984
19	Revenue less expenses. Subtract line 18 from line 12.......	265,002	205,725
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	4,421,599	4,634,250
21	Total liabilities (Part X, line 26).............	459,391	466,317
22	Net assets or fund balances. Subtract line 21 from line 20.....	3,962,208	4,167,933

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 950,173 including grants of $ ) (Revenue $ 1,352,900 )
	PROTECT AND MAINTAIN THE AESTHETICS OF THE COMMUNITY BY CONDUCTING THE MAINTENANCE AND IMPROVEMENTS OF RECREATIONAL FACILITIES AND RIGHT OF WAY ALONG DEDICATED CITY STREETS AND BY PROVIDING GENERAL COMMUNITY SERVICES.

4b	(Code: ) (Expenses $ 91,801 including grants of $ ) (Revenue $ 90,144 )
	PROVIDE RECREATIONAL ACTIVITIES FOR THE MEMBERS OF THE COMMUNITY.

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












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses1,041,974

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

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.......		0

			Business Code
2a	ACTIVITY INCOME	531390	90,144	90,144
b	HOMEOWNER ASSESSMENTS	531390	1,352,900	1,352,900
c
d
e
f	All other program service revenue.
g Total.Add lines 2a–2f.....			1,443,044

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			5,143	5,143
4 Income from investment of tax-exempt bond proceeds			0
5 Royalties...........			0
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......			0
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	1,000
b	Less: cost or other basis and sales expenses
c	Gain or (loss)	1,000
d	Net gain or (loss).....			1,000	1,000
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..			0
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..			0
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..			0
Business Code			Miscellaneous Revenue
11a	OTHER REVENUE		531390	43,522	43,522
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			43,522
12	Total revenue. See Instructions......			1,492,709	1,492,709

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21	0
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	0
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	0
4	Benefits paid to or for members	0
5	Compensation of current officers, directors, trustees, and key employees ....	0
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0
7	Other salaries and wages	0
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	0
9	Other employee benefits .......	0
10	Payroll taxes ...........	0
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	0
c	Accounting ...........	0
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	0
12	Advertising and promotion ....	0
13	Office expenses .......	0
14	Information technology ......	0
15	Royalties ..	0
16	Occupancy ...........	0
17	Travel ............	0
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	0
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	119,788	119,788
23	Insurance ...	0
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	ON SITE STAFF EXPENSE	360,567	180,284	180,283
b	LANDSCAPING SERVICE	183,438	183,438
c	UTILITIES	132,276	132,276
d	OTHER EXPENSES	129,454	64,727	64,727
e	All other expenses	361,461	361,461
25	Total functional expenses. Add lines 1 through 24e	1,286,984	1,041,974	245,010	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 ........			367,027	1	216,726
2	Savings and temporary cash investments .........			2,274,997	2	2,071,185
3	Pledges and grants receivable, net ......				3	0
4	Accounts receivable, net .............			1,627	4	0
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	0
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	0
7	Notes and loans receivable, net ....				7	0
8	Inventories for sale or use ........				8	0
9	Prepaid expenses and deferred charges ......			16,311	9	16,141
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	3,569,105
b	Less: accumulated depreciation	10b	1,238,907	1,761,637	10c	2,330,198
11	Investments—publicly traded securities .				11	0
12	Investments—other securities. See Part IV, line 11 .....				12	0
13	Investments—program-related. See Part IV, line 11 ..				13	0
14	Intangible assets ...............				14	0
15	Other assets. See Part IV, line 11 ...........				15	0
16	Total assets. Add lines 1 through 15 (must equal line 34)...			4,421,599	16	4,634,250

17	Accounts payable and accrued expenses .....	63,084	17	48,398
18	Grants payable ...		18
19	Deferred revenue .........	396,307	19	417,919
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 ..		23
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..	459,391	26	466,317

	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 .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds	3,962,208	32	4,167,933
33	Total net assets or fund balances ...........	3,962,208	33	4,167,933
34	Total liabilities and net assets/fund balances ........	4,421,599	34	4,634,250

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 ...
b	Buildings	2,285,312	490,900	1,794,412
c	Leasehold improvements
d	Equipment ...	163,826	66,826	97,000
e	Other ...	1,119,967	681,181	438,786
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				2,330,198

(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 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.)

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