TY 2018 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) JANET SWAIM......................................................................
Director

2.00
.................
0.00

(2) PAM INGRAM......................................................................
Director

2.00
.................
0.00

(3) JAN PITTS......................................................................
Director

2.00
.................
0.00

(4) PETER CAVOTO......................................................................
President

2.00
.................
0.00

(5) JANET CHRISTOPHERSON......................................................................
Vice President

2.00
.................
0.00

(6) AUDREY MORGANEGG......................................................................
Secretary

2.00
.................
0.00

(7) CHRIS BUKOVAC......................................................................
Director

2.00
.................
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

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) Donor advised funds	(b) Funds and other accounts
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 ........


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 7/25/06, 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	1,858,068
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	1,858,068
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	1,858,068

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	1,459,988
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	1,459,988
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	1,459,988

Return Reference	Explanation
Part X : FIN48 Footnote	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 RECOGNIZED 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 IT HAS NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDING DECEMBER 31, 2018.THE ASSOCIATION BELIEVES THAT ITS INCOME TAX FILINGS 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, 2018.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 US FEDERAL TAX AUTHORITIES FOR YEARS BEFORE 2016, OR BY ARIZONA STATE TAX AUTHORITIES FOR YEARS BEFORE 2015.

- 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

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

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 = $100140; Column (B) - Program Services = $100140; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	COMMON AREA MAINTENANCE: Column (A) - Total = $92930; Column (B) - Program Services = $92930; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	GATE MAINTENANCE: Column (A) - Total = $6588; Column (B) - Program Services = $6588; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	MAJOR REPAIRS & REPLACEMENT: Column (A) - Total = $112244; Column (B) - Program Services = $112244; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	POOL/SPA/CLUBHOUSE MAINTENANCE: Column (A) - Total = $31064; Column (B) - Program Services = $31064; 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) 2018

Additional Data

Software ID:	18007218
Software Version:	2018v3.1

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	7
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	7
5	Total number of individuals employed in calendar year 2018 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	150
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) .........	1,576,593	1,612,477
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	9,392	32,728
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	109,737	212,863
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,695,722	1,858,068
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)....	1,396,563	1,459,988
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,396,563	1,459,988
19	Revenue less expenses. Subtract line 18 from line 12.......	299,159	398,080
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	5,279,461	5,694,961
21	Total liabilities (Part X, line 26).............	500,250	517,670
22	Net assets or fund balances. Subtract line 21 from line 20.....	4,779,211	5,177,291

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,075,048 including grants of $ ) (Revenue $ 1,517,240 )
	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 $ 100,140 including grants of $ ) (Revenue $ 95,237 )
	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 expenses1,175,188

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

(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.......		0

		Business Code
2a	ACTIVITY INCOME	531390	95,237	95,237
b	HOMEOWNER ASSESSMENTS	531390	1,517,240	1,517,240
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f ....		1,612,477

3 Investment income (including dividends, interest, and othersimilar amounts) ......			32,728	32,728
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
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....			0
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	212,863	212,863
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			212,863
12	Total revenue. See Instructions......			1,858,068	1,858,068

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, line 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 ..	182,570	182,570
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	436,476	218,238	218,238
b	LANDSCAPING SERVICE	218,541	218,541
c	UTILITIES	146,310	146,310
d	OTHER EXPENSES	133,125	66,563	66,562
e	All other expenses	342,966	342,966
25	Total functional expenses. Add lines 1 through 24e	1,459,988	1,175,188	284,800	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 ........			384,024	1	340,700
2	Savings and temporary cash investments .........			1,906,728	2	2,147,954
3	Pledges and grants receivable, net ......				3	0
4	Accounts receivable, net .............			1,141	4	645
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 ......			16,338	9	17,399
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	4,734,031
b	Less: accumulated depreciation	10b	1,545,768	2,971,230	10c	3,188,263
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)...			5,279,461	16	5,694,961

17	Accounts payable and accrued expenses .....	100,316	17	102,857
18	Grants payable ...		18
19	Deferred revenue .........	399,934	19	414,813
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..	500,250	26	517,670

	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	4,779,211	32	5,177,291
33	Total net assets or fund balances ...........	4,779,211	33	5,177,291
34	Total liabilities and net assets/fund balances ........	5,279,461	34	5,694,961

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 ....	3,186,569	654,457	2,532,112
c	Leasehold improvements		63,126	-63,126
d	Equipment ....	169,538	101,540	67,998
e	Other .....	1,377,924	726,645	651,279
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				3,188,263

(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