TY 2019 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) TOM BROWER......................................................................
BOARD MEMBER

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

(2) JUNE CANNON......................................................................
VICE PRESIDE

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

(3) MACKENZIE FONTAINE......................................................................
BOARD MEMBER

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

(4) TERRY HELSLEY......................................................................
BOARD MEMBER

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

(5) JULIE LUCAS......................................................................
BOARD MEMBER

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

(6) OZZIE NAGLER......................................................................
BOARD MEMBER

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

(7) TIA SCHAFER......................................................................
BOARD MEMBER

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

(8) STAN SEABROOK......................................................................
BOARD MEMBER

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

(9) HANK WEST......................................................................
PRESIDENT

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

(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

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	786,196
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

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	2,687,417
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	2,687,417
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	2,687,417

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	2,787,892
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	2,787,892
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	2,787,892

- 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

2019

Open to Public
Inspection

Name of the organization

HARBISON COMMUNITY ASSOCIATION INC

Employer identification number

51-0190966

Return Reference	Explanation
FORM 990, PAGE 6, PART VI, LINE 11B	THE EXECUTIVE DIRECTOR AND FINANCE DIRECTOR REVIEW FORM 990 PRIOR TO FILING, THE BOARD OF DIRECTORS REVIEWS SUBSEQUENT TO FILING.
FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE BY PUBLICATION ON ORGANIZATION'S WEBSITE. NO CONFLICT OF INTEREST POLICY EXISTS.
FORM 990, PART XI, LINE 9	ASC 606 REVENUE RECOGNITION -507,543 OPEB LIABILITY RECOGNITION -93,845 TOTAL -601,388 THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED NEW GUIDANCE THAT CREATED TOPIC 606, REVENUE FROM CONTRACTS WITH CUSTOMERS, IN THE ACCOUNTING STANDARDS CODIFICATION (ASC). TOPIC 606 SUPERSEDES THE REVENUE RECOGNITION REQUIREMENTS IN FASB ASC 972-605, REAL ESTATE COMMON INTEREST REALTY ASSOCIATIONS, REVENUE RECOGNITION, AND REQUIRES THE RECOGNITION OF REVENUE WHEN PROMISED GOODS OR SERVICES ARE TRANSFERRED TO CUSTOMERS IN AN AMOUNT THAT REFLECTS THE CONSIDERATION TO WHICH A CIRA EXPECTS TO BE ENTITLED IN EXCHANGE FOR THOSE GOODS OR SERVICES. THE ASSOCIATION ADOPTED THE NEW GUIDANCE AS OF JANUARY 1, 2019, USING THE MODIFIED RETROSPECTIVE METHOD OF TRANSITION, WHICH REQUIRES THAT THE CUMULATIVE EFFECT OF THE CHANGES RELATED TO THE ADOPTION BE CHARGED TO BEGINNING FUND BALANCE. THE ASSOCIATION APPLIED THE NEW GUIDANCE USING THE PRACTICAL EXPEDIENT PROVIDED IN TOPIC 606 THAT ALLOWS THE GUIDANCE TO BE APPLIED ONLY TO CONTRACTS THAT WERE NOT COMPLETE AS OF JANUARY 1, 2019. ADOPTION OF THE NEW GUIDANCE RESULTED IN CHANGES TO OUR ACCOUNTING POLICIES FOR ASSESSMENT REVENUE AND CONTRACT LIABILITIES (ASSESSMENTS RECEIVED IN ADVANCE-REPLACEMENT FUND), AS PREVIOUSLY DESCRIBED. THIS RESULTED IN A REDUCTION OF OPENING FUND BALANCE OF 507,543. ADDITIONALLY DURING THE YEAR THE ASSOCIATION RECOGNIZED A OTHER POST EMPLOYMENT BENEFIT (OPEB) FOR A FORMER EMPLOYEE. THE ASSOCIATION ENTERED INTO A RETIREMENT TRANSITION AGREEMENT OCTOBER 26, 1999 WITH A FORMER EXECUTIVE DIRECTOR. THIS AGREEMENT WAS MODIFIED BY VOTE OF THE BOARD OF DIRECTORS NOVEMBER 27, 2018. UNDER THE REVISED TERMS OF THE AGREEMENT THE FORMER EMPLOYEE AND HIS SPOUSE RECEIVE FULL REIMBURSEMENT ON AN ANNUAL BASIS FOR MEDICARE GAP INSURANCE UNTIL SUCH TIME AS BOTH INDIVIDUALS BECOME DECEASED. THIS RESULTED IN A REDUCTION TO OPENING FUND BLANCE OF 93,845. FUND BALANCE, AS PREVIOUSLY REPORTED, AT JANUARY 1, 2019 2,180,487 ADJUSTMENT FOR FASB 606 (507,543) CORRECTION OF ERROR FOR OPEB LIABILITY (93,845) FUND BALANCE, AS ADJUSTED, AT JANUARY 1, 2019 1,579,099

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: MAINTENANCE OF COMMON AREAS AND RECREATIONAL FACILITIES FOR THE COMMON ENJOYMENT OF MEMBERS OF THE HARBISON COMMUNITY ASSOCIATION IN COLUMBIA SOUTH CAROLINA.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	9
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	9
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	61
6	Total number of volunteers (estimate if necessary) .............	6
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 39 .........	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........		0
9	Program service revenue (Part VIII, line 2g) .........	2,484,482	2,611,036
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	73,045	69,310
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	10,534	7,071
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	2,568,061	2,687,417
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)	1,373,226	1,315,414
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)....	1,139,162	1,472,478
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	2,512,388	2,787,892
19	Revenue less expenses. Subtract line 18 from line 12.......	55,673	-100,475
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	2,247,349	2,368,235
21	Total liabilities (Part X, line 26).............	66,862	889,611
22	Net assets or fund balances. Subtract line 21 from line 20.....	2,180,487	1,478,624

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 2,217,975 including grants of $ ) (Revenue $ 2,611,036 )
	MAINTENANCE OF COMMON AREAS AND RECREATIONAL FACILITIES FOR THE COMMON ENJOYMENT OF MEMBERS OF THE HARBISON COMMUNITY ASSOCIATION IN COLUMBIA SOUTH CAROLINA.

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












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












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses2,217,975

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

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:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	ASSESSMENT COMMERCIAL		946,183	946,183
b	ASSESSMENT RESIDENCE		815,370	815,370
c	ASSESSMENT APPARTMENT		572,247	572,247
d	RECREATIONAL FACILITIES		211,154	211,154
e	FACILITY RENTAL		65,732	65,732
f	All other program service revenue.		350	350
g	Total. Add lines 2a–2f .....		2,611,036

3 Investment income (including dividends, interest, and othersimilar amounts) ......			69,310	69,310
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	MISC.			7,071	7,071
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			7,071
12	Total revenue. See instructions.....			2,687,417	2,687,417

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	81,028	40,514	40,514
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........	1,012,658	779,750	232,908
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	128,816	96,612	32,204
10	Payroll taxes ...........	92,912	69,684	23,228
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	46,775		46,775
c	Accounting ...........
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)	23,674	18,137	5,537
12	Advertising and promotion ....	1,410	1,410
13	Office expenses .......	237,333	118,666	118,667
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	772,979	726,661	46,318
17	Travel ............	17,775	13,331	4,444
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	11,338	8,503	2,835
20	Interest ...........	13		13
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	155,426	155,426
23	Insurance ...	205,724	189,266	16,458
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	OTHER	31	15	16
b
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	2,787,892	2,217,975	569,917	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 ........			136,707	1	138,677
2	Savings and temporary cash investments .........			507,543	2	701,546
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			193,480	4	213,190
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			62,803	9	66,381
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	5,750,028
b	Less: accumulated depreciation	10b	4,501,587	1,346,816	10c	1,248,441
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 33)...			2,247,349	16	2,368,235

17	Accounts payable and accrued expenses .....	65,175	17	75,464
18	Grants payable ...		18
19	Deferred revenue .........	1,687	19	27,951
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			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	786,196
26	Total liabilities. Add lines 17 through 25..	66,862	26	889,611

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	2,180,487	27	1,478,624
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	2,180,487	32	1,478,624
33	Total liabilities and net assets/fund balances ........	2,247,349	33	2,368,235

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 .....	87,365		87,365
b	Buildings ....	3,203,576	2,493,456	710,120
c	Leasehold improvements
d	Equipment ....	2,459,087	2,008,131	450,956
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				1,248,441

(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
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

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

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)