Fresh seafood is one of the favorite local cuisines to enjoy. However, the Company experienced minimal impact from the COVID-19 pandemic during the period ended March 31, 2021. The data relating to real estate for sale on this website comes in part from the IDX program of the North Santa Barbara County Regional MLS and its affiliated associations. With that you become an owner with no annual fees or dues, and you get 45 days of stay each year. Management continues to place importance upon ongoing review of retail product mix, pricing, attention to service, and staff training. Sign up to receive the latest deals and updates! The Company has a five-year lease obligation for a copier. Sales taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. However, the Company believes that its financial strength and market presence will enable it to remain extremely competitive. Pismo Outlet shopping lets you explore quaint shops for surf wear, arts and crafts, and sports gear. Statements of Income and Retained Earnings, 5. Due to the nature of business and economic cycles and trends, rates may be adjusted accordingly, if deemed necessary. Our . Copyright 2023 California Regional Multiple Listing Service, Inc. All rights reserved. I also agree to the Terms of Services and Privacy Policy. YES [X] NO [ ]. For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV resort, you can't go wrong at Pismo Coast Village RV Resort. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Your new yearly membership fee is $500. Contact us at our email address hvn4us@gmail.com. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. We have a national one we can no longer use. It is the policy of the Company to consistently classify interest and penalties associated with income tax expense separately from the provision for income taxes, and accordingly no interest or penalties associated with income taxes have been included in this calculation, or separately in the Statement of Operations and Retained Earnings. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer/General Manager (our principal executive officer) and our Chief Financial Officer (our principal financial officer). website, call The Company entered into a lease with the County of San Luis Obispo on 06/02/2020 which expires 06/02/2022 at which time there will be an option to renew. The third and fourth quarters' occupancies are expected to be consistent with that of past years, with the possible exception created by COVID-19. The Company continues to promote and depend upon recreational vehicle camping as the primary source of revenue. these are still light compared to the summer high season when locals and tourists flock to the beautiful beaches. Income before provision for income tax for the three-month period ended March 31, 2021, increased by $440,631, reflecting increased total income compared to the previous year and decreased operating expenses. Your browser is out of date or unsupported. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. A 2018 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,147, including interest at 4.644% per annum, through September 2024. These risks and uncertainties include, but are not limited to, those relating to competitive industry conditions, California tourism and weather conditions, dependence on existing management, leverage and debt service, the regulation of the recreational vehicle industry, COVID-19 or similar pandemic conditions, domestic or global economic conditions and changes in federal or state tax laws or the administration of such laws. This increase in income reflects a $335,328, or 36.0%, increase in site revenue, and an increase of $13,080, or 3.1%, in RV storage and spotting activity. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. $639 for the transfer fees yearly dues of approximately $399. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330. Revenue is then recognized when the customer stays at the resort. With storage, you can have your RV delivered and set up for you ahead of time. 909-792-3774 Adjustments to reconcile net income to net cash provided by operating activities: Changes in operating assets and liabilities: Net cash provided by operating activities, Principal payments on capital lease obligations, Net increase in cash and cash equivalents, Cash and Cash Equivalents Beginning of Period, Cash and Cash Equivalents End of Period. MARCH 31, 2021 AND 2020 AND SEPTEMBER 30, 2020, Net of accumulated depreciation and Amortization, Current portion of capital lease obligations, Capital lease obligations, net of current portion, Common stock no par value, 1,800 shares issued, 1,775 and 1775 shares outstanding at March 31, 2021 and 2020, respectively, Total Liabilities and Stockholders Equity. Due to the age of the Resort, the Company is undertaking maintenance activity that is considered necessary in order to continue providing quality facilities and services. Cost: $1800 or best offer includes annual dues and maintenance fees. STATEMENTS OF OPERATIONS AND RETAINED EARNINGS, THREE AND SIX MONTHS ENDED MARCH 31, 2021 AND 2020, Change in unrealized holding gains on available-for-sale securities, net of change in applicable deferred taxes. There have not been any changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) promulgated by the SEC under the 1934 Act) during the six-months ended March 31, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. Featured Video For performance obligations related to the Company accommodations and other ancillary goods and services, control transfers to the customer at a point in time. and consent for BuyATimeShare and. ITEM 3. Rather, the Company records a deferred revenue liability equal to the amount received. This expense primarily reflects financing for trucks used in the companys RV storage and towing operation. Pismo Beach timeshares invite families to enjoy classic California beach adventures they'll never forget. A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,151, including interest at 4.181% per annum, through May 2025. and consent for Timeshare Broker Associates to send me offers at the above phone number. This park does allow outside guests. Increases in transportation and fuel costs or sustained recessionary periods could also unfavorably impact future results. We couldn't find any timeshares matching your search term, but we can notify you when we have new timeshares for purchase or rental. It is anticipated the published rates will continue to market site usage at its highest value and not negatively impact the Company's ability to capture an optimum market share. Generous square footage, luxurious linens and indulgent mattresses ensure a remarkable experience. The accompanying notes are an integral part of these financial statements. 89,380 were here. You may see more crowds, but. Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by, I give my elec. Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. Pending. DISCLOSURE CONCERNING WEBSITE ACCESS TO COMPANY REPORTS. Really nice package for price. 1,775. CAPITAL RESOURCES AND PLANNED EXPENDITURES. Lovely resort with amenities for the whole family! $8,000 membership. As of March 31, 2021, September 30, 2020, and March 31, 2020, the Companys deferred tax liability was $375,400 $423,100 and $435,600, respectively. Rental expense under this operating lease is. Historically the Company, because of its seasonal market, has produced 60% to 65% of its revenue during the third and fourth quarters of the fiscal year, with more than 40% being produced during the fourth quarter. near Idyllwild at 3500 feet weather is generally mild. (CRMLS) 4 beds, 2.5 baths, 1641 sq. The difference between the effective tax rate and the statutory tax rates is due primarily to the effects of state taxes net of the federal tax benefit and nondeductible variable costs of shareholder usage. Accordingly, actual results could differ from those estimates. They currently have 6 or 7 shares available going for $32,550 each. Funding for these projects is expected to come from normal operating cash flows and, if necessary, supplemented with outside financing. The note may be prepaid by the borrower at any time prior to maturity with no prepayment penalties. This increase in site revenue reflects paid site occupancy due to the COVID-19 crisis. saving this search Accounts payable and accrued liabilities decreased $2,885 below the same period last year and decreased $314 since the 2020 fiscal year end, which reflects a timing of capital projects and accrued property taxes. YES [ ] NO [X], APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY. Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, The following financial statements and related information are included in this Form 10-Q, Quarterly Report. - Finance/Chief Financial Officer, (principal financial officer and principal accounting officer), Jay Jamison, General Manager/Chief Executive Officer. sig. Sports enthusiasts can enjoy surfing, fishing, kayaking, sailing, body boarding and kite boarding at places like Pismo State Beach. On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. The Company anticipates positive performance in income from retail operations as the resort reopens for business following restrictions due to the COVID-19 pandemic. Buyers are advised to confirm all data provided. Fall asleep to the sound of crashing waves and smell the salt scented air as you reconnect with family and loved ones in this beautifully landscaped. In addition, investment for online marketing, ads in the two leading national directories, and trade magazine advertising formulates most of the business-marketing plan. Its business is seasonal in nature with the fourth quarter, the summer, being its busiest and most profitable. On California's Central Coast lies gorgeous Pismo Beach. Toll Free: 1-877-815-4227 In addition, in a national My Favorite Campground contest sponsored by Woodalls, Pismo Coast Village was voted as one of the top ten favorite campgrounds for 2011. 140 S DOLLIVER ST SPC 127, Pismo Beach, CA 93449. Income from resort operations for the three-month period ended March 31, 2021, increased $340,980, or 24.1%, above the same period in 2020. Web Design and SEO by: Advanced Internet Management. Notes to Financial Statements (Unaudited). The loan, which was in the form of a note dated April 28, 2020 issued by the borrower, matures on April 28, 2022 and bears interest at a rate of 0.98% per annum, payable monthly commencing on November 28, 2020. All Rights Reserved. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. All rights reserved. Text msgs. The geographic nature of the revenue could affect the nature, timing, amount and uncertainty of revenue and cash flows. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. I give my elec. It's an incredibly scenic stretch of coastline that's dotted with charming coastal cottages. We recommend viewing REMAX.com and it's affiliated sites on one of the following browsers: Pismo Coast Village, Pismo Beach, CA Real Estate and Homes for Sale. Potlatch Resort in historic LaConner, Washington has swimming pool, Jacuzzi, We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Fees are paid thru Dec 31, 2012. We are the leading timeshare resale marketplace and you can find the best deals from private owners selling timeshares at BuyaTimeshare.com. Depreciation rates are based upon the following estimated useful lives: Furniture, fixtures, equipment and leasehold improvements. View all View all photos (99) Traveler (91) Pool & Beach (18) Room & Suite (2) About 4.0 ft. apartment is a 2 bed, 2.0 bath unit. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. Close to gold county towns Grass Valley and Nevada City, Empire Mine State Park, Nevada County Fairgrounds, wineries, and Lake Tahoe within an hour for a scenic drive. Enter your details below to be emailed when inventory matching your specifications becomes available. Funds from the loan may only be used for payroll costs, costs used to continue group health care benefits, mortgage payments, rent, utilities, and interest on other debt obligations incurred before February 15, 2020. Situated midway between San Francisco and Los Angeles in beautiful Pismo Beach, Pismo Coast Village RV Resort needs only to be seen to be appreciated. Inventory is comprised primarily of finished goods in the general store and in the RV repair shop. Shoulder seasons are in fall and spring, with October being a popular month to see the annual migration of monarch butterflies happening at the Butterfly Habitat on the North End of Pismo State Beach. 3. MLS# SP20219611. 2 Beds. Results of Review of Interim Financial Information. ), 165 South Dolliver Street, Pismo Beach, CA 93449, (Address of Principal Executive Offices) (Zip Code), Registrants telephone number, including area code, (Former name, former address and former fiscal year, if changed since last report), Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Contact Pismo Coast Village RV Resort Specialist Today! Your search does not match any homes. Migrating monarch butterflies gather here annually, and this is an excellent beach for water sports and ATV riding. Pismo Coast Village RV Resort. All property and equipment is recorded at cost. The Company leases property for RV storage which is located in Oceano and is leased at $3,575 per month. and consent for Timeshare Broker Associates and. Then, those member banks issue CDs in amounts under $250,000, so that the entire deposit balance is eligible for FDIC insurance. Transfer fees: $550, payable to Harmony Ridge Resort. The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. General Store sig. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect certain reported amounts and disclosures. All Rights Reserved. #1 of 5 Specialty lodging in Pismo Beach. This increase is due primarily to an increase of $571,585, or 28.8%, in site rental revenue, which was primarily due to COVID-19 ramifications where the public sought outdoor recreation as a safe environment. Pismo Creek RV Resortprovides wonderful Read More, Copyright 2023 - Official BUY A TIMESHARE - Vacation Property Resales Inc - All Rights Reserved Terms and ConditionsSMS Terms and ConditionsPrivacy PolicyCompliance. Camp for free at beautiful resort at Gettysburg historic area. The Company does not disclose the value of unsatisfied performance obligations for contracts with an expected length of one year or less. International: 1-603-516-0200, 100 Ocean View Ave., Pismo Beach, California, 93449. This condition could limit the Company's ability to pass through inflationary increases in operating costs at higher rates. Will sell for $5,000, including transfer fee of $700. Web Cams RV Services Cash payments received in advance of guests staying at the resort are refunded to guests if the guest cancels within the specified time period, before any services are rendered. The Company makes available on its website, www.pismocoastvillage.com, access to its annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports as soon as reasonably practicable after such material is electronically filed with or furnished to the Securities and Exchange Commission (SEC). Pismo Coast Village also offers many great amenities: clean restrooms with hot showers; a General Store complete with your morning coffee freshly brewed; an arcade for the kid in you; a restaurant; a laundromat for those inevitable dirty clothes; a heated pool; bicycle rentals; and even a miniature golf course. By using this website, you agree to our Terms of Use. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. At March 31, 2021, September 30, 2020, and March 31, 2020, the cost of assets under capital lease was $405,819, $405,819, and $398,770 and related accumulated amortization was $234,882, $196,991 and $233,750, respectively. The ownership of a share does not entitle the owner to any interest in any particular site or camping period. LP Gas, Photo Gallery cchris1981@verizon.net. I give my elec. We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the balance sheet of the Company as of September 30, 2020, and the related statements of operations, and statement of changes in stockholders equity, and cash flows for the year then ended; and in our report dated November 18, 2020, we expressed an unmodified opinion on those financial statements. Due to the COVID-19 the General Store was closed March 23, 2020 until June 12, 2020, while RV Service remained open during the crisis. Dues have been paid currently so no past due dues all 1000 Trail and NACO campgrounds. The Company does not recognize revenue when a customer prepays for resort accommodations. On the beach, 400 full-hookup sites, general store, restaurant, laundromat,hot showers, complimentary Wi-Fi, heated pool, arcade, bicycle rentals,miniature golf just a short walk to the pier and downtown Pismo Beach. Pismo Coast Village also offers many great amenities: clean restrooms with hot showers; a General Store complete with your morning coffee freshly brewed; an arcade for the kid in you; a restaurant; a laundromat for those inevitable dirty clothes; a heated pool; bicycle rentals; and even a miniature golf course. ITEM 2. Events subsequent to March 31, 2021 have been evaluated through May 7, 2021, which is the date the financial statements were available to be issued. Call 603-883-8626 or 1-800-640-6886 for assistance. Visit a local winery to sample locally made wines. Consent not required for purchase. Garry Nelson, President and Chairman of the Board, Jerry Roberts, V.P. RVing offers an affordable outdoor recreational experience, and the Company provides quality facilities and services in a highly popular location. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had customer deposits related to prepaid village accommodations of $3,027,365, $2,058,135, and $2,120,707 on the balance sheet as rental deposits, respectively. Floating week of your choice! YES [X] NO [ ], Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Subsection 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). There are similar hotels available. Price $1999.99 plus transfer fee of $249.75 Can join R.P.I. The General Store was up $75,485, or 32.1%, and RV Service was up $13,450, or 5.1%. You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. NOTE 2: SUMMARY OF SIGNFICANT ACCOUNTING POLICIES (continued). Third and fourth quarter site occupancy and storage fill are expected to be consistent with that of the past year. The Arroyo Grande Valley and Edna Valley wine regions are a short drive away as is renowned Hearst Castle, which is a favorite destination for lovers of history, art and architecture. If the Company fails to complete the required public improvements, monies will be drawn from the credit line to satisfy the County. Yearly dues are $622.96 and buyer will be responsible for a $750 transfer fee. With a Pismo Beach timeshare resale, visiting with a guaranteed comfortable stay is a breeze. The Company expects the note payable to be forgiven. Upon review of operational expenses, occupancy, and competition, the Board of Directors may approve adjustments to the nightly site rental rates or towing and storage rates. Income from retail operations for the three-month period ended March 31, 2021, increased $39,813, or 16.9%, above the same period in 2020. sig. Whether you decide to sell or buy a timeshare, let us do the work for you! Swimming pool, lake, recreational activities, store on site. A shareholder is entitled to a pro rata share of any dividends as well as a pro rata share of the assets of the Company in the event of its liquidation or sale. View more property details, sales history Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. Staples are available along with niceties like donuts, coffee, newspapers, beach toys for kids, and necessities for the beach like suntan lotion. 2022 Annual Report: This report is an analysis which discusses the Company's financial condition as of September 30, 2022, compared with September 30, 2021. https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. Transfer fee is included. Rentals Details: 170 Branch St # 374, Pismo Beach, CA 93449-3428 is an apartment unit listed for rent at /mo.The 900 sq. On April 28, 2020, the Company (the Borrower) was granted a loan in the aggregate amount of $553,802, pursuant to the Paycheck Protection Program (the PPP) under Division A, Title I of the CARES Act, which was enacted March27, 2020. Or take a look at some other properties nearby, Copyright 2023 - Official BUY A TIMESHARE - Vacation Property Resales Inc - All Rights Reserved Terms and ConditionsSMS Terms and ConditionsPrivacy PolicyCompliance. and consent for SellATimeShare and third-party brokers to send me promotions and purchase offers on my timeshare at the above email address and phone number including by autodialer, text msg., and prerecorded msg. Rates We want $1200 for the membership plus the buyer pays approx. These interim financial statements are the responsibility of the Companys management. This order limited non-essential travel, and caused significant cancelations for December 2020 and January 2021. Additional revenues come from RV storage and spotting, RV service and repair, on-site convenience store, and other ancillary activities such as laundromat, arcade, and bike rental. sig. A 2020 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,166, including interest at 5.406% per annum, through May 2027. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Visiting in the spring and fall shoulder seasons promises warmer temperatures. After one trip to the WorldMark Pismo Read More, Great Campground Vacations at Pismo Creek RV Resort UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS, ITEM 4. Either way, you'll find yourself surrounded by luxury with amenities like spas, shops, restaurants, fitness centers and lounges. The SEC maintains an Internet site (http://www.sec.gov) that contains reports, proxy statements, and other information that the Company files with the SEC. For the six-month period ended March 31, 2021, compared to the same period in 2020, interest expense was $8,076 and $10,940, respectively. 5 Star RV Resort in Banning Ca. Real estate listings held by brokerage firms other than are marked with the IDX icon and detailed information about them include the name of the listing broker and listing agent. Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. This decrease reflects payroll taxes, employee insurance benefits, workers compensation, employee travel/training, legal fees, WiFi expense, repairs and maintenance, vehicle expense, and recreation expense. FASB ASC 740 also requires, among other things, the recognition and measurement of uncertain tax positions based on a "more likely than not" (likelihood greater than 50%) approach. Call 603-883-8626 or 1-800-640-6886 for assistance. Cost of Goods Sold expenses, as a percentage of retail income for the three-months ended March 31, 2021, are 46.5% compared to 44.6% for the same period in 2020. In our opinion, the information set forth in the accompanying balance sheet as of September 30, 2020, is fairly stated, in all material respects, in relation to the balance sheet from which it has been derived. More information about cookies can be found in our. $384 per month. Visitors looking to buy, sell or rent timeshare resales will be nestled right on the beach, beautifully landscaped, it is truly an outstanding RV resort in every sense. Choose from a variety of sumptuous restaurants ranging from bar and grill establishments to farm-to-table places, or even small cafes for a more intimate dining experience. Revenues during this period are directly attributed to and are consistent with seasonal occupancy of a tourist-oriented business. Points are not available against this searching criteria. I also agree to the, I give my elec. The resort can supply information on the area's attractions and amenities . Keeping your RV in its best shape assures a fantastic visit every time. The provision for income taxes for the three and six months ended March 31, 2021 and 2020 is as follows: The Company uses the asset-liability method of computing deferred taxes in accordance with FASB ASC Topic 740.

Radiotelex Coast Station, Articles P