Bella Vista Village Property Owners Association
- Assets
- $66.6m
- Revenue
- $31.8m
- Investments
- $0.0
- Employees
- 595
- Location
- Bella Vista, AR
- Founding
- 01/1969
- Data as of
- 12/2022
- EIN
- 71-0390240
Organization Overview
Bella Vista Village Property Owners Association is located in Bella Vista, AR. The organization was established in 1969. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Bella Vista Village Property Owners Association employed 595 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bella Vista Village Property Owners Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Bella Vista Village Property Owners Association generated $31.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $31.4m during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE MEMBERS OF THE BELLA VISTA PROPERTY OWNERS ASSOCIATION WITH WATER DISTRIBUTION SYSTEMS, COMMON PROPERTY MAINTENANCE, AND RECREATIONAL FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATION: BELLA VISTA IS A 36,000 ACRE RECREATIONAL COMMUNITY IN NORTHWEST ARKANSAS OFFERING SEVEN GOLF COURSES, SEVEN PRIVATE LAKES, 100+ MILES OF NATURE TRAILS FOR HIKING AND BIKING, SWIMMING POOLS AND A BEACH, PARKS AND PAVILIONS, RV PARK AND CAMPGROUND, RECREATION CENTERS, TENNIS CENTER, RESTAURANTS, AND MUCH MORE.
STREET DEPARTMENT
WATER DEPARTMENT: NOT FOR PROFIT WATER UTILITY SERVING MEMBERS OF THE PROPERTY OWNERS ASSCOCIATION.
MAINTENANCE DEPARTMENT: THE MAINTENANCE & CONSTRUCTION DIVISION IS MADE UP OF MULTIPLE DEPARTMENTS WITHIN THE MAC DIVISION THAT PERFORMS A MULTITUDE OF MAINTENANCE FUNCTIONS FOR ALL POA ORGANIZATIONS FACILITIES, GROUNDS, HVACR, HEAVY EQUIPMENT AND VEHICLE EQUIPMENT MAINTENANCE AND PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Judson President | Officer | 40 | $305,642 |
Doug Mccash VP & Legal Counsel | Officer | 40 | $190,005 |
Francis Taggart Director Of Maint & Constr | 40 | $154,746 | |
Joan Glubczynski Director Of Recreation | 40 | $138,870 | |
Keith Ihms Director Of Golf Maintenance | 40 | $146,419 | |
Stacie Higgins Treasurer (jan - Aug) | Officer | 40 | $142,923 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kutak Rock Llp Legal Services | 12/30/22 | $299,911 |
Decco Excavation Excavation & Paving | 12/30/22 | $788,755 |
Decco Contractors Paving Inc Water Utility Constr | 12/30/22 | $451,816 |
Emery Sapp Sons Inc Construction Service | 12/30/22 | $318,363 |
Wells Fargo Financial Leasing Leasing Services | 12/30/22 | $239,274 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,711 |
| Total Program Service Revenue | $20,362,563 |
| Investment income | $143,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,386 |
| Net Gain/Loss on Asset Sales | $1,989,718 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,838,773 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,813,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,934 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,014,660 |
| Compensation of current officers, directors, key employees. | $1,014,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,222,664 |
| Pension plan accruals and contributions | $426,262 |
| Other employee benefits | $1,816,637 |
| Payroll taxes | $934,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,210 |
| Fees for services: Accounting | $80,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,395,682 |
| Advertising and promotion | $206,555 |
| Office expenses | $932,388 |
| Information technology | $367,539 |
| Royalties | $0 |
| Occupancy | $1,949,654 |
| Travel | $56,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,363 |
| Interest | $109,614 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,003,590 |
| Insurance | $760,580 |
| All other expenses | $868,511 |
| Total functional expenses | $31,412,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,550 |
| Savings and temporary cash investments | $10,339,642 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,078,350 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $866,885 |
| Prepaid expenses and deferred charges | $420,348 |
| Net Land, buildings, and equipment | $53,859,999 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,608 |
| Total assets | $66,632,382 |
| Accounts payable and accrued expenses | $4,916,766 |
| Grants payable | $0 |
| Deferred revenue | $1,723,027 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,210,863 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,850,656 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $56,781,726 |
| Total liabilities and net assets/fund balances | $66,632,382 |