2024-11-14T14:07:11-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 571058952 CLIFFS VALLEY COMMUNITY ASSOCIATION INC CLIF 8644671600 325 ROCKY SLOPE ROAD 301 GREENVILLE SC 29607 BARB WIELICKI PRESIDENT 8644671600 2024-11-14 1 1 JESSICA COOPER P01011828 3178485700 2023 2024-10-15 13:58:12Z BARB WIELICKI 325 ROCKY SLOPE ROAD SUITE 301 GREENVILLE SC SC 29607 2873081 0 X NA X 1996 SC CLIFFS VALLEY COMMUNITY ASSOCIATION, INC. (THE ASSOCIATION) IS A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION ORGANIZED BY THE CLIFFS AT GLASSY, INC.. THE ASSOCIATION WAS FORMED TO PROVIDE RESTRICTIONS FOR THE BENEFIT OF ALL OWNERS OF PROPERTIES, TO PROVIDE FLEXIBLE AND REASONABLE PROCEDURES FOR THE OVERALL DEVELOPMENT OF THE PROPERTIES AND TO ESTABLISH A METHOD FOR THE ADMINISTRATION, MAINTENANCE, PRESERVATION, USE AND ENJOYMENT OF THE PROPERTIES. THE ASSOCIATION IS COMPRISED OF PROPERTIES IN AN APPROXIMATELY 3,000 ACRE DEVELOPMENT IN GREENVILLE COUNTY, SOUTH CAROLINA AND HENDERSON COUNTY, NORTH CAROLINA. THE DEVELOPMENT CONSISTS OF 859 SINGLEFAMILY RESIDENTIAL PROPERTIES OF WHICH 23 RELATE TO VALLEY VILLAS. VALLEY VILLAS PROPERTY OWNERS ARE ASSESSED ADDITIONAL FEES FOR CERTAIN SERVICES PROVIDED BY THE ASSOCIATION.THE DEVELOPMENT INCLUDES AMENITIES SUCH AS A COUNTRY CLUB WITH A GOLF COURSE, CLUBHOUSE AND WELLNESS FACILITIES THAT ARE ASSOCIATED WITH THE ASSOCIATION. 7 7 0 0 0 0 1090939 1489846 69573 121245 -108343 48529 4600 6633 1056769 1666253 0 0 0 0 0 0 0 0 0 1070180 1484029 1070180 1484029 -13411 182224 3484364 3818018 3313872 3438870 170492 379148 X TO MAINTAIN FACILITIES FOR ITS MEMBERS IN UPSTATE SOUTH CAROLINA ANDWESTERN NORTH CAROLINA. 0 0 1267701 137290 CLIFFS VALLEY COMMUNITY ASSOCIATION, INC. (THE ASSOCIATION) IS A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION ORGANIZED BY THE CLIFFS AT GLASSY, INC. (THE DEVELOPER). THE ASSOCIATION WAS FORMED TO PROVIDE RESTRICTIONS FOR THE BENEFIT OF ALL OWNERS OF PROPERTIES, TO PROVIDE FLEXIBLE AND REASONABLE PROCEDURES FOR THE OVERALL DEVELOPMENT OF THE PROPERTIES AND TO ESTABLISH A METHOD FOR THE ADMINISTRATION, MAINTENANCE, PRESERVATION, USE AND ENJOYMENT OF THE PROPERTIES. THE ASSOCIATION IS COMPRISED OF PROPERTIES IN AN APPROXIMATELY 3,000 ACRE DEVELOPMENT IN GREENVILLE COUNTY, SOUTH CAROLINA AND HENDERSON COUNTY, NORTH CAROLINA. THE DEVELOPMENT CONSISTS OF 859 SINGLEFAMILY RESIDENTIAL PROPERTIES OF WHICH 23 RELATE TO VALLEY VILLAS. VALLEY VILLAS PROPERTY OWNERS ARE ASSESSED ADDITIONAL FEES FOR CERTAIN SERVICES PROVIDED BY THE ASSOCIATION.THE DEVELOPMENT INCLUDES AMENITIES SUCH AS A COUNTRY CLUB WITH A GOLF COURSE, CLUBHOUSE, AND WELLNESS FACILITIES THAT ARE ASSOCIATED WITH THE ASSOCIATION. THE MEMBERSHIP OF THESE AMENITIES IS ON A VOLUNTARY BASIS OF THE PROPERTY OWNERS. THESE AREAS ARE OWNED BY A SEPARATE UNRELATED ENTITY. 1267701 0 0 0 1 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 SC X NHE INC 8035361056 325 ROCKY SLOPE ROAD SUITE 301 GREENVILLE SC 29607 X BARB WIELICKI PRESIDENT/TREASURER 1.00 X X 0 0 0 CHRIS FRASER VICE PRESIDENT 1.00 X X 0 0 0 TOM FISCHER TREASURER 1.00 X X 0 0 0 MIKE BALCHUNAS SECRETARY 1.00 X X 0 0 0 LORI COBB DIRECTOR 1.00 X 0 0 0 JOHN MARSLAND DIRECTOR 1.00 X 0 0 0 RICH PAYNE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1489846 1489846 ROAD IMPACT FEES 531310 53210 53210 LATE FEES & FINES INCOME 531310 43368 43368 REIMBURSEMENTS 531310 17317 17317 RFID TAG INCOME 531310 7350 7350 121245 32484 32484 1222873 1206828 16045 16045 16045 EXCESS FROM PROPERTY HELD FOR RES 531310 4953 4953 OTHER REVENUE-MISC. 531310 1680 1680 6633 1666253 137290 0 39117 115008 115008 32484 32484 7500 7500 4973 4973 5056 5056 34291 34291 16119 16119 INFRASTRUCTURE - R&M 488902 488902 SECURITY 373885 373885 LANDSCAPING 264064 264064 CAPITAL IMPROVEMENTS 85729 85729 56018 4711 51307 1484029 1267701 216328 0 1206967 1369017 518724 740216 198552 267062 5974 8575 408624 181429 270671 227195 1283476 1205953 3484364 3818018 51952 69432 3118942 3196913 142978 172525 3313872 3438870 X 170492 379148 170492 379148 3484364 3818018 182224 26432 0 X X 0 1 X 1 0 1 1 0 0 1 83200 30507 52693 289430 138925 150505 35994 11997 23997 227195 X 1650208 0 1650208 16045 16045 1666253 1441552 0 1441552 42477 42477 1484029 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. MANAGEMENT BELIEVES THE ADOPTION OF ASC 740-10 RESULTED IN NO SIGNIFCANT IMPACT TO THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAAP REALIZED LOSS PART XI, LINE 4B - OTHER ADJUSTMENTS: GAAP REALIZED GAIN PART XII, LINE 2D - OTHER ADJUSTMENTS: GAAP UNREALIZED LOSS GAAP REALIZED LOSS PART XII, LINE 4B - OTHER ADJUSTMENTS: GAAP UNREALIZED GAIN GAAP REALIZED GAIN SCHEDULE D, PAGE 2, PART IV, LINE 2B A CONSTRUCTION COMPLIANCE BOND IS HELD IN ESCROW THROUGHOUT THE DURATION OF THE RELATED PROJECT IN A NON-INTEREST BEARING ACCOUNT. THE BALANCE REMAINING AT COMPLETION OF THE PROJECT (NET ANY UNPAID FINES) IS REFUNDED UPON REQUEST FROM THE ENTITY SUBMITTING THE INITIAL FUNDS. FORM 990, PART VI, SECTION A, LINE 3 PROPERTY IS MANAGED BY NHE, INC. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZED WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE OWNER OF EACH UNIT SHALL BE A MEMBER OF THE ASSOCIATION AND SHALL BE ENTITLED TO VOTE IN ACCORDANCE WITH THE TERMS OF THE DECLARATION AND THE BY-LAWS. EACH MEMBER SHALL BE ENTITLED TO CAST ONE VOTE WITH RESPECT TO EACH BOARD VACANCY TO BE FILLED FROM EACH SLATE ON WHICH SUCH MEMBER IS ENTITLED TO VOTE. THE OFFICERS OF THE ASSOCIATION SHALL BE ELECTED ANNUALLY BY THE BOARD AT THE FIRST MEETING OF THE BOARD FOLLOWING EACH ANNUAL MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE BOARD OF DIRECTORS AND THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST. FORM 990, PART XII, LINE 2C THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.