Grayhawk Community Association

The Grayhawk Community Association is a nonprofit organization registered as a 501(c)(4) entity, categorized under the National Taxonomy of Exempt Entities (NTEE) as a housing organization. It is primarily focused on maintaining and enhancing the quality of life within its community in Scottsdale, Arizona.

Mission and Purpose

The Association's mission is to safeguard and enhance the living standards within its community by meticulously preserving and maintaining landscapes, communal spaces, and recreational facilities. This proactive approach creates a harmonious and enjoyable living environment, fostering a sense of community pride and belonging among residents. The organization ensures that the common areas and amenities are well-maintained, contributing significantly to the overall standard of living and property values in the area.

Governance and Structure

Grayhawk Community Association is managed by a duly elected Board of Directors. The Board oversees the management of common areas, governs the community according to legal documents known as Covenants, Conditions, and Restrictions (CC&Rs), and makes decisions on budgeting and assessments for homeowners. The Association contracts a management company to handle tasks such as collection of assessments, supervision of subcontractors, and financial reporting.

Financial Information

The organization's financial support primarily comes from homeowners' assessments, which are used to cover operating expenses and reserve funds for future replacements of common facilities. As of recent reports, the Association's revenue is mainly derived from program services, with significant assets and liabilities. Key employees and officers do not receive compensation, reflecting the organization's focus on community welfare rather than personal gain.

Impact on the Community

Grayhawk Community Association plays a crucial role in enhancing the quality of life for residents by maintaining inviting spaces for socialization and recreational activities. This not only preserves the aesthetic value of the community but also promotes a vibrant community atmosphere, contributing to improved living standards and a strong sense of community identity.