Aptos Knoll Mobile Home Owners Association

Organization Overview

Aptos Knoll Mobile Home Owners Association is located in Aptos, CA. The organization was established in 2014. 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, Aptos Knoll Mobile Home Owners Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aptos Knoll Mobile Home 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, Aptos Knoll Mobile Home Owners Association generated $511.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $461.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SAFE AFFORDABLE HOUSING FOR SENIORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AKMOA IS A NON-PROFIT, MUTUAL BENEFIT CORPORATION LICENSED IN THE STATE OF CALIFORNIA. IT IS THE OWNER OF APTOS KNOLL MOBILEHOME PARK, A RESIDENT-OWNED 75-UNIT SENIOR (55+) PARK, WHICH WAS PURCHASED BY THE ASSOCIATION IN 2005. AS SUCH, ALL ACTIVITIES AND SERVICES ARE FOR THE PURPOSES OF MANAGING, MAINTAINING, AND IMPROVING THE PARK, ITS AMENITIES AND COMMON GROUNDS. SEVENTY-FOUR OF THE HOMES IN THE PARK BELONG TO AKMOA MEMBERS; ONE IS A RENTAL UNIT THAT WAS GRAND-FATHERED IN AT THE TIME OF PURCHASE. DURING 2022, 4 HOMES CHANGED HANDS.THE MONTHLY ASSOCIATION FEE OF $560 PER MEMBERSHIP INCLUDES WATER, SEWER, AND WEEKLY GARBAGE SERVICES. IN ADDITION, THIS FEE FUNDS THE EMPLOYEES AND ALL MAINTENANCE, PLUS A SET-ASIDE FOR A MAINTENANCE RESERVE FUND. INCLUDED IN THE PARK, AND THE RESPONSIBILITY OF AKMOA, ARE THE COMMON GROUNDS AND LANDSCAPING, A CLUBHOUSE, POOL HOUSE, LAUNDRY UNIT, AND 3-CAR GARAGE, AND THE GAS/ELECTRIC/WATER/SEWER INFRASTRUCTURE. SERVICES PROVIDED ON A REGULAR BASIS BY OUTSIDE CONTRACTORS ARE LANDSCAPE MAINTENANCE, POOL CLEANING, GOPHER-TRAPPING, AND CLEANING OF THE CLUBHOUSE. MAJOR IMPROVEMENTS, SUCH AS RETAINING-WALL REPLACEMENT AND BATHROOM REMODEL, ARE DONE AS NEEDED THROUGH THE BID PROCESS, AND ARE PAID FROM THE RESERVE FUND.THE OFFICE ADMINISTRATOR IS THE PUBLIC FACE OF AKMOA. SHE DEPOSITS CHECKS, REVIEWS BILLS TO BE PAID BY THE BOOKKEEPER, ANSWERS THE PHONE, MEETS WITH MEMBERS AND PROSPECTIVE MEMBERS WHO ARE LOOKING TO BUY INTO THE PARK, AND DOES OTHER ADMINISTRATIVE DUTIES AS NEEDED. THE PARK MANAGER HAS A VARIETY OF DUTIES RANGING FROM OPENING AND CLOSING THE CLUBHOUSE TO REQUESTING AND REVIEWING BIDS FROM CONTRACTORS FOR MAJOR MAINTENANCE TASKS. HE ALSO DOES MINOR MAINTENANCE TASKS SUCH AS CHANGING LIGHT BULBS, SETTING UP THE CLUBHOUSE FOR MEETINGS, AND SO ON. THE WEEKEND SUPERVISOR HANDLES THESE BASIC DUTIES DURING THE WEEKEND AND IS NOT INVOLVED IN CONTRACTS OR BIDS.MANY ACTIVITIES ARE ORGANIZED BY COMMITTEES. THE EVENTS COMMITTEE HANDLES DECORATING THE CLUBHOUSE AND SOCIAL ACTIVITIES WHICH INCLUDE MONTHLY DINNERS AND QUARTERLY PARTIES; LANDSCAPE COMMITTEE AND ARCHITECTURE COMMITTEE REVIEW AND APPROVE CHANGES REQUESTED BY INDIVIDUAL MEMBERS, FINANCE COMMITTEE REVIEWS EXPENDITURES AND GENERATES THE BUDGET. THERE ARE ALSO A BOOK CLUB AND A CRAFTS CLUB.DURING 2022,BECAUSE OF COVID, MOST IN-PERSON COMMITTEE MEETINGS AND OTHER PARK ACTIVITIES WERE HELD ON ZOOM OR SUSPENDED ALTOGETHER.


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Board, Officers & Key Employees

Name (title)Compensation
Christa Taylor
Director
$0
Peggy Hunt
Director
$0
Dawn Iuliano
President
$0
Laurie Searson
Director
$0
Dick Graybill
Secretary
$0
Richard Nydam
Vice President
$0

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$6,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,000
Total Program Service Revenue$496,644
Investment income $609
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $7,933
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $511,186

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