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Nonprofiteer
← BELLA VISTA VILLAGE PROPERTY OWNERS ASSOCIATION

Form 990 for tax year 2024

Filed by BELLA VISTA VILLAGE PROPERTY OWNERS ASSOCIATION.

Totals

Total revenue
$34,186,062
Total expenses
$33,031,002
Contributions and grants received
$142,634
Grants paid
$40,484
Program service revenue
$24,772,366
Investment income
$1,144,352
Other revenue
$8,126,710
Total assets, end of year
$72,365,541
Total liabilities, end of year
$13,606,718
Net assets or fund balances, end of year
$58,758,823
Program services expenses (Part IX)
$26,783,147
Management and general expenses
$6,247,855
Fundraising expenses
$0
Program service expenses (Part III)
$26,783,147

Program services were 81.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $142,634

  • 1g · Noncash contributions included above

    $142,540

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $12,263,349 · related or exempt $12,263,349 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: GOLF CART & GREEN FEES

    total $5,495,912 · related or exempt $3,519,146 · unrelated business $1,976,766 · excluded $0

  • 2c · Program service revenue: PRO SHOP, VEHICLE PARK FEES, OTHER

    total $3,018,314 · related or exempt $2,958,688 · unrelated business $59,626 · excluded $0

  • 2d · Program service revenue: MEMBERSHIP TRANSFER FEES

    total $1,049,950 · related or exempt $1,049,950 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: RESTAURANT & RV PARK INCOME

    total $676,892 · related or exempt $0 · unrelated business $676,892 · excluded $0

  • 2f · All other program service revenue

    total $2,267,949 · related or exempt $2,208,760 · unrelated business $59,189 · excluded $0

  • 3 · Investment income

    total $340,794 · related or exempt $0 · unrelated business $0 · excluded $340,794

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $6,000 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $6,000 · personal property $0

  • 6d · Net rental income or loss

    total $6,000 · related or exempt $0 · unrelated business $0 · excluded $6,000

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $812,152

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $8,594

  • 7c · Gain or loss

    securities $0 · other assets $803,558

  • 7d · Net gain or loss

    total $803,558 · related or exempt $0 · unrelated business $0 · excluded $803,558

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $13,441,398

  • 10b · Cost of goods sold

    $5,449,836

  • 10c · Net income from sales of inventory

    total $7,991,562 · related or exempt $7,991,562 · unrelated business $0 · excluded $0

  • 11a · Other revenue: DISCOUNTS EARNED

    total $38,295 · related or exempt $0 · unrelated business $0 · excluded $38,295

  • 11b · Other revenue: NSF FEES

    total $10,425 · related or exempt $0 · unrelated business $0 · excluded $10,425

  • 11c · Other revenue: SCRAP INCOME

    total $305 · related or exempt $0 · unrelated business $0 · excluded $305

  • 11d · All other revenue

    total $80,123 · related or exempt $0 · unrelated business $0 · excluded $80,123

  • 11e · Other revenue, total

    $129,148

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,484 · program services $40,484

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $868,502 · program services $0 · management and general $868,502 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $13,417,960 · program services $11,118,507 · management and general $2,299,453 · fundraising $0

  • 8 · Pension plan contributions

    total $697,063 · program services $577,606 · management and general $119,457 · fundraising $0

  • 9 · Other employee benefits

    total $1,415,028 · program services $1,172,533 · management and general $242,495 · fundraising $0

  • 10 · Payroll taxes

    total $1,138,833 · program services $943,670 · management and general $195,163 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $20,240 · program services $16,771 · management and general $3,469 · fundraising $0

  • 11c · Fees: accounting

    total $67,208 · program services $0 · management and general $67,208 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $1,407,131 · program services $1,165,989 · management and general $241,142 · fundraising $0

  • 12 · Advertising and promotion

    total $136,675 · program services $113,253 · management and general $23,422 · fundraising $0

  • 13 · Office expenses

    total $1,202,755 · program services $996,637 · management and general $206,118 · fundraising $0

  • 14 · Information technology

    total $560,994 · program services $464,856 · management and general $96,138 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,891,930 · program services $1,567,708 · management and general $324,222 · fundraising $0

  • 17 · Travel

    total $56,622 · program services $46,919 · management and general $9,703 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $54,949 · program services $45,532 · management and general $9,417 · fundraising $0

  • 20 · Interest

    total $76,201 · program services $76,201 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,983,892 · program services $2,472,539 · management and general $511,353 · fundraising $0

  • 23 · Insurance

    total $1,042,284 · program services $863,666 · management and general $178,618 · fundraising $0

  • 24a · Other expenses: EQUIPMENT EXPENSE

    total $2,480,125 · program services $2,055,103 · management and general $425,022 · fundraising $0

  • 24b · Other expenses: MAINTENANCE & REPAIRS

    total $1,923,619 · program services $1,593,966 · management and general $329,653 · fundraising $0

  • 24c · Other expenses: GOLF MAIN EQUIPMENT LEASE

    total $980,732 · program services $980,732 · management and general $0 · fundraising $0

  • 24d · Other expenses: STUMP DUMP

    total $303,271 · program services $251,299 · management and general $51,972 · fundraising $0

  • 24e · All other expenses

    total $264,504 · program services $219,176 · management and general $45,328 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,925 · end of year -$219,612

  • 2 · Savings and temporary cash investments

    beginning of year $6,176,621 · end of year $6,938,066

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,001,261 · end of year $1,014,230

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $995,782 · end of year $1,209,840

  • 9 · Prepaid expenses and deferred charges

    beginning of year $385,800 · end of year $615,382

  • 10a · Land, buildings and equipment: cost or other basis

    $125,705,602

  • 10b · Land, buildings and equipment: accumulated depreciation

    $64,403,438

  • 10c · Land, buildings and equipment, net

    beginning of year $57,057,233 · end of year $61,302,164

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,007,574 · end of year $1,505,471

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,467,488 · end of year $4,750,251

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,267,181 · end of year $1,530,779

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $3,324,764 · end of year $7,325,688

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $57,603,763 · end of year $58,758,823

Mission and programs · 2024

Mission

TO SERVE MEMBERS OF THE BELLA VISTA PROPERTY OWNERS ASSOCIATION WITH WATER DISTRIBUTION SYSTEMS, COMMON PROPERTY MAINTENANCE, AND RECREATIONAL FACILITIES.

  • 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.

    Expenses $18,025,275 · Grants $40,484 · Revenue $17,995,614

  • WATER DEPARTMENT: NOT FOR PROFIT WATER UTILITY SERVING MEMBERS OF THE PROPERTY OWNERS ASSCOCIATION.

    Expenses $6,624,049 · Revenue $11,989,488

  • 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.

    Expenses $1,521,208 · Revenue $6,353

  • STREET DEPARTMENT

    Expenses $612,615

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jackie Gain

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    6.5

  • Jason Loyd

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    6.5

  • David Brandenburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6.5

  • Deborah Lukotch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6.5

  • Jan Hagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6.5

  • Jb Portillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6.5

  • Jeff Hendren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6.5

  • Jerre Barron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6.5

  • Kathleen Coughlin

    DIRECTOR SINCE 05/06/2024

    Total calculated
    $0
    Hours/week
    6.5

  • Mike Abb

    DIRECTOR THROUGH 05/06/2024

    Total calculated
    $0
    Hours/week
    6.5

  • Sandy Fosdick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6.5

  • Beth Nagel

    CFO/Treasurer

    Total calculated
    $216,813
    From this org
    $189,569
    From related orgs
    $0
    Other
    $27,244
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,871
    Bonus
    $37,700
    Other
    $22,998
    Deferred
    $10,709
    Nontaxable benefits
    $16,535
    Filer's total
    $216,813

  • Doug McCash

    VP & Legal Counsel

    Total calculated
    $219,625
    From this org
    $170,920
    From related orgs
    $0
    Other
    $48,705
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,558
    Bonus
    $19,702
    Other
    $3,660
    Deferred
    $11,686
    Nontaxable benefits
    $37,019
    Filer's total
    $219,625

  • Jessica McCrary

    SECRETARY

    Total calculated
    $82,904
    From this org
    $61,963
    From related orgs
    $0
    Other
    $20,941
    Hours/week
    40

  • Thomas Judson

    CEO

    Total calculated
    $468,348
    From this org
    $306,088
    From related orgs
    $0
    Other
    $162,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,088
    Bonus
    $0
    Other
    $73,000
    Deferred
    $138,082
    Nontaxable benefits
    $24,178
    Filer's total
    $468,348

  • Darryl Muldoon

    Director of Golf Operations

    Total calculated
    $208,581
    From this org
    $165,864
    From related orgs
    $0
    Other
    $42,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,050
    Bonus
    $30,560
    Other
    $15,254
    Deferred
    $10,362
    Nontaxable benefits
    $32,355
    Filer's total
    $208,581

  • Francis Taggart

    Director of Maintenance & Construction

    Total calculated
    $194,103
    From this org
    $170,617
    From related orgs
    $0
    Other
    $23,486
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,649
    Bonus
    $34,683
    Other
    $14,285
    Deferred
    $10,652
    Nontaxable benefits
    $12,834
    Filer's total
    $194,103

  • Graham Kornmeyer

    Director of Golf Maintenance

    Total calculated
    $159,487
    From this org
    $150,140
    From related orgs
    $0
    Other
    $9,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,723
    Bonus
    $0
    Other
    $22,417
    Deferred
    $7,597
    Nontaxable benefits
    $1,750
    Filer's total
    $159,487

  • Joan Glubczynski

    Director of Recreation & Wellness

    Total calculated
    $181,252
    From this org
    $158,043
    From related orgs
    $0
    Other
    $23,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,407
    Bonus
    $27,070
    Other
    $2,566
    Deferred
    $9,737
    Nontaxable benefits
    $13,472
    Filer's total
    $181,252

  • Thomas Lee

    Director of Business Development

    Total calculated
    $153,166
    From this org
    $130,363
    From related orgs
    $0
    Other
    $22,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,363
    Bonus
    $10,000
    Other
    $0
    Deferred
    $8,682
    Nontaxable benefits
    $14,121
    Filer's total
    $153,166

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN: CONTRIBUTIONS OF $119,188 WERE MADE TO THE 457F PLAN BY THE ORGANIZATION FOR THOMAS JUDSON, WHICH IS INCLUDED IN HIS DEFERRED COMPENSATION, AS THE AMOUNT WAS NOT YET SUBSTANTIALLY VESTED. DISTRIBUTIONS OF $50,000 FROM THE 457F PLAN WERE MADE TO THOMAS JUDSON, WHICH ARE INCLUDED IN W-2 WAGES.
Schedule J, Part I, Line 7 Non-fixed payments
2024 BONUSES WERE DETERMINED AT THE DISCRETION OF THE GENERAL MANAGER. THESE WERE DETERMINED BASED ON INDIVIDUAL GOALS AND COMPANY PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202513189349311356

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