2025-02-23T19:36:03-06:00 2024-12-31 330244756 OWENS MOSKOWITZ AND ASSOCIATES INC 27792 EL LAZO LAGUNA NIGUEL CA 92677 990 2024-01-01 461313963 TAYLOR YARD MASTER ASSOCIATION C/O THE MANAGEMENT TRUST TAYL 5629263372 12607 HIDDENCREEK WAY R CERRITOS CA 90703 KIMBERLY HARTMAN VICE PRESIDENT 5629263372 2025-02-21 0 ROBERT A OWENS CPA P01414999 9498515020 2024 2025-03-06 01:10:19Z KIMBERLY HARTMANN 12607 HIDDENCREEK WAY R CERRITOS CA 90703 243524 0 X N/A X 2012 CA THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOCIATION ARE TO BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY, AND BY OWNING, OPERATING, AND MAINTAINING THE PROPERTIES FOR USE OF ALL RESIDENTS IN THE ENTIRE COMMUNITY ON CERTAIN REAL PROPERTY LOCATED IN THE CYPRESS PARK NEIGHBORHOOD OF LOS ANGELES, CALIF.AMONG THE GENERAL PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL RESIDENTS WITHIN THE COMMUNITY. THE POPULATION OF THE ASSOCIATION IS APPROXIMATELY 800. NO GRANTS ARE PROVIDED TO OTHERS. THE ASSOCIATION OWNS AND MAINTAINS AMENITIES WITHIN THE COMMUNITY. THIS AREA IS AVAILABLE TO RESIDENTS AND THEIR GUESTS IN ACCORDANCE WITH THE ASSOCIATION'S GOVERNING DOCUMENTS. 4 4 0 0 0 0 266208 240912 0 0 2247 2544 330 68 268785 243524 0 0 0 0 0 0 0 0 0 199780 462004 199780 462004 69005 -218480 726693 501433 27020 20240 699673 481193 SEE STATEMENT O 0 0 411790 DEVELOPMENT OF COMMON AREA IMPROVEMENTS FOR TAYLOR YARD DEVELOPMENT IN THE CYPRESS PARK NEIGHBORHOOD. THE IMPROVEMENTS WERE COMPLETED IN 2015, AND THE ASSOCIATION BEGAN ITS POST-CONSTRUCTION OPERATION AS AN ASSOCIATION TO ADMINISTER AND MAINTAIN THE IMPROVEMENTS UNDER THE MASTER DECLARATION FILED WITH THE COUNTY OF LOS ANGELES. 411790 0 0 0 1 0 0 0 0 0 0 0 0 0 0 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X THE MANAGEMENT TRUST 5629263372 12607 HIDDENCREEK WAY STE R CERRITOS CA 90703 X ANTONIO BERMUDEZ PRESIDENT 1.00 X X 0 0 0 KIMBERLY HARTMANN VICE PRESIDENT 1.00 X X 0 0 0 MIRNA MENDOZA TREASURER 1.00 X X 0 0 0 KELLY KINNAMAN SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 SO CAL TREE & LANDSCAPE INC 939 W 223RD ST TORRANCE CA 90502 MONTHLY LANDSCAPE/PARK ENHANCEMENTS 348198 1 240912 240912 2544 2544 OTHER INCOME 531390 68 68 68 243524 2612 0 0 35416 35416 5258 5258 3048 3048 10995 10995 PARK ENHANCEMENTS 293120 293120 LANDSCAPE MAINTENANCE 66513 66513 WATER 19698 19698 PEST CONTROL 6230 6230 21726 15234 6492 462004 411790 50214 0 167250 151729 548473 348767 10970 937 726693 501433 10662 18132 16358 2108 27020 20240 X 151200 132426 0 0 548473 348767 699673 481193 726693 501433 -218480 0 X 0 1 X 0 0 0 1 0 0 X 443230 199706 199706 243524 0 243524 462004 0 462004 0 462004 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS. THE ASSOCIATION'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RESERVE ASSESSMENTS RECOGNIZED IN CURRENT YEAR UNDER FASB 606 FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION USES THE SERVICES OF THE MANAGEMENT TRUST TO HANDLE DAY TO DAY OPERATIONS OF THE ASSOCIATION INCLUDING COLLECTIONS, BILL PAYMENTS, HOMEOWNER ASSISTANCE, ETC. THE BOARD HAS THE ULTIMATE RESPONSIBILITY FOR AUTHORIZING PAYMENTS, SELECTING VENDORS, AND APPROVING THE BUDGET. FORM 990, PART VI, SECTION A, LINE 6 UPON PURCHASE OF A HOME WITHIN THE ASSOCIATION, EACH OWNER BECOMES A MEMBER OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION COMPLIES WITH THE PROVISIONS AND REQUIREMENTS OF CALIFORNIA CIVIL CODE SECTION 1363.03 FOR THE ELECTION OF THE BOARD OF DIRECTORS BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B DUES INCREASES IN EXCESS OF THE 20% ALLOWED BY THE DAVIS-STERLING ACT ARE SUBJECT TO THE APPROVAL OF MEMBERSHIP. SPECIAL ASSESSMENTS IN EXCESS OF 5% OF THE BUDGET ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO SUCH COMMITTEES DURING 2022 FORM 990, PART VI, SECTION B, LINE 11B UPON PREPARATION, THE ASSOCIATION'S BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF FORM 990. AFTER REVIEWING THE RETURN, THE BOARD'S PRESIDENT SIGNS THE E-FILE AUTHORIZATION ALLOWING THE CPA TO TRANSMIT THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION RETAINS THE SERVICES OF A MANAGEMENT COMPANY TO MONITOR BOARD ACTIVITY AND DOCUMENT THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT COMPANY PROVIDES THE MEMBERSHIP WITH CANDIDATE INFORMATION IN CONJUNCTION WITH ELECTION MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER RECEIVES A COPY OF THE ASSOCIATION'S GOVERNING DOCUMENTS THROUGH ESCROW. COPIES OF THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.