2026-08-21T06:34:20-05:00 2025-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2025-01-01 571058952 CLIFFS VALLEY COMMUNITY ASSOCIATION INC CLIF 8642382557 PO BOX 3508 GREENVILLE SC 29608 RICH PAYNE MEMBER 8642382557 2026-08-19 1 TRENT WILSON P03265812 3178485700 2025 2025-03-06 01:10:19Z X RICH PAYNE PO BOX 3508 GREENVILLE SC 29608 2658800 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.THE DEVELOPMENT INCLUDES AMENITIES SUCH AS A COUNTRY CLUB WITH A GOLF COURSE, CLUBHOUSE AND WELLNESS FACILITIES. 7 7 0 0 0 0 1208757 2297431 94993 105241 53946 118481 2780 137647 1360476 2658800 0 0 0 0 0 0 0 0 0 1267192 2689904 1267192 2689904 93284 -31104 4322297 4831159 3842405 4363901 479892 467258 X TO MAINTAIN FACILITIES FOR ITS MEMBERS IN UPSTATE SOUTH CAROLINA ANDWESTERN NORTH CAROLINA. 0 0 2450992 184343 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.THE DEVELOPMENT INCLUDES AMENITIES SUCH AS A COUNTRY CLUB WITH A GOLF COURSE, CLUBHOUSE, AND WELLNESS FACILITIES. THE MEMBERSHIP OF THESE AMENITIES IS ON A VOLUNTARY BASIS OF THE PROPERTY OWNERS. THESE AREAS ARE OWNED BY A SEPARATE UNRELATED ENTITY. 2450992 0 0 0 1 0 0 0 1 0 1 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 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 CARLTON PROPERTY SERVICES 8642382557 PO BOX 3508 GREENVILLE SC 29608 X LORI COBB PRESIDENT 1.00 X X 0 0 0 RICH PAYNE SECRETARY 1.00 X X 0 0 0 CARLA IWANOWSKI TREASURER 1.00 X X 0 0 0 MITCH JOLLEY VICE PRESIDENT 1.00 X X 0 0 0 JEFF BRUBAKER DIRECTOR 1.00 X 0 0 0 LAURA PRICHARD DIRECTOR 1.00 X 0 0 0 THOMAS POTTS DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 2297431 2297431 LATE FEES & FINES INCO 531310 42899 42899 ROAD IMPACT FEES 531310 39180 39180 REIMBURSEMENTS 531310 17662 17662 RFID TAG INCOME 531310 5500 5500 105241 118481 118481 OTHER REVENUE-MISC. 531310 137647 137647 137647 2658800 105241 0 256128 135000 135000 32358 32358 8500 8500 2545 2545 7754 7754 36696 36696 17525 17525 INFRASTRUCTURE - R&M 1664602 1664602 SECURITY 371953 371953 LANDSCAPING 340648 340648 ADMINISTRATIVE 45555 45555 26768 19568 7200 2689904 2450992 238912 0 978365 699400 1654448 3165896 235440 402607 6428 6672 482017 252413 192906 229604 1254710 326980 4322297 4831159 58314 1261353 3634448 2966916 149643 135632 3842405 4363901 X 479892 467258 479892 467258 4322297 4831159 -31104 18470 0 X X 0 1 X 1 0 1 1 0 0 1 83200 36053 47147 362823 199564 163259 35994 16796 19198 229604 2677270 18470 18470 2658800 0 2658800 2689904 0 2689904 0 2689904 PART XI, LINE 2D - OTHER ADJUSTMENTS: GAAP UNREALIZED GAIN/LOSS 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 CARLTON PROPERTY SERVICES 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.