Surfside Homeowners Association

RESPONSE TO FALSE AND INFLAMMATORY REMARKS ON FACEBOOK

This week several FB posts have speculated or made comments about Surfside filings with the Washington office of Secretary of State. These speculations are false and represent the uninformed bias of those postings.

First, Surfside is a non-profit corporation created in 1965. Surfside has prepared and filed annual reports to the Washington Secretary of State office each year since then. The report informs the State of Washington that Surfside is still operating as a corporation in the state.

Washington nonprofit corporations must file an Annual Report each year to maintain active status. The report updates information such as:

• Registered agent
• Principal office address
• Governing board members (governors/directors)
• Nature of the organization’s activities

The filing is due by the last day of the month in which the nonprofit was originally formed or registered.

The Facebook speculation about financial reporting incorrectly assumes Surfside has falsely reported annual Gross Revenues  “as less than $500,000”. The question on the report is “Per RCW20.03A.960 does the Nonprofit certify that its total gross revenue in the most recent fiscal year was less than $500,000?” To which we answered in the negative.  Surfside earned/recognized and reported gross revenues for 2024 and 2025 excess of $2 million dollars, made up of member dues and assessments and non-operating revenues, which is more than the question asked.

Second – Surfside financial information is reported monthly during board meetings. We also post summary financial reports on the Surfside website. Additionally, each member has access to a monthly financial statement prepared by Associated Management Services (AMS) with a balance sheet and income statement (that reflects year-to-date income, expenses, and budgets). Not once in the years I have served as Treasurer for Surfside, have we reported gross revenues incorrectly and never anything close to $500,000.

Under Washington’s RCW 64.38.045 Washington any homeowners’ association having annual assessments of $50,000 or more must be audited annually by an independent certified public accountant (CPA). Surfside is audited annually as required. The most recent audit for the year ended 2024 was reported by the firm of Newman CPAs in a public meeting and is available to all members on the Surfside website. We anticipate that the 2025 audit will be completed and reported publicly in the near future.

In conclusion, Surfside is required to report annually basic organizational information about Surfside to the Secretary of State and is also required to have an annual audit of the financial reports and records. We produce monthly financial reports for the board and our members. We are in complete compliance with all regulatory reporting.

It is disappointing to realize that not one of those speculating about the financial status or required reporting has read any of the financial information readily available. Instead, it is easy to post false, baseless, and biased remarks.

Richard Dyer
Treasurer/Board member
Surfside Homeowners Association

Water Department emergency AFTER HOURS contact number: 360-783-2426

2025 Surfside Financial Reports

• Chipping Site: open every Wednesday and Saturday, 10am – 2pm.  Please show your 2026 Compactor Pass.
• Summer RV Season starts March 15th
  
• Emergency Management Committee has issued the Surfside Emergency Action Plan.
  Please review document here.

• Want to join an online Committee Meeting? Links are found HERE.

• Revised Talking Points Wildfire plan

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