The Company uses the asset-liability method of computing deferred taxes in accordance with ASC Income Taxes topic. Enter your details below to be emailed when inventory matching your specifications becomes available. 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. MLS# SP20219611. February and March of 2021 resumed with record occupancy, and projections are expected to meet or exceed 2020 occupancy for the remainder of fiscal year 2021. Our . Golfers enjoy scenic courses with challenges for all skill levels. Your browser is not currently supported. The note may be prepaid by the borrower at any time prior to maturity with no prepayment penalties. Popular pastimes in the area include surfing, kayaking and dune buggy rides. Unlike organizations such as Thousand Trails, Pismo Coast Village is owned by shareholders. Contact Pismo Coast Village RV Resort Specialist Today! Pismo Coast Village Shares Rentals RV.Net Open Roads Forum: RV Parks, Campgrounds and Attractions: Pismo Great fishing is available, along with windsurfing, beachcombing, and waterskiing. Pismo Coast Village RV Resort 165 South Dolliver Street, Pismo Beach, CA 93449 US . Location 4.6. The Financial Accounting Standards Board (FASB) issued new guidance that created Topic 606, Revenue from Contracts with Customers, in the Accounting Standards Codification (ASC). At March 31, 2021, September 30, 2020, and March 31, 2020, property and equipment included the following: NOTE 3: PROPERTY AND EQUIPMENT (continued), Furniture, fixtures, equipment and leasehold improvements. Includes unlimited day use and overnight camping. Each office independently owned and operated. The Company has consistently demonstrated an ability to optimize revenues developed from the resort and retail operations during the summer season. Pending. Pismo Coast Village has no shares available. #1 of 5 Specialty lodging in Pismo Beach. Interest Expense for the three-months ended March 31, 2021, is $3,985, compared to $4,801 for the same period in 2020. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. 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. and consent for Timeshare Broker Associates and. 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. The accompanying notes are an integral part of these financial statements. Amenities include: * adult clubhouse * swimming pool and family spa * horseshoes and shuffleboard court * volleyball, basketball * children`s fishing * both teen and children`s recreation rooms * picnic areas, cafe * playground. 213 reviews. Pismo Beach timeshares invite families to enjoy classic California beach adventures they'll never forget. Management did not identify any subsequent events that required disclosure. Rentals Details: 170 Branch St # 374, Pismo Beach, CA 93449-3428 is an apartment unit listed for rent at /mo.The 900 sq. 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. 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. Potlatch Resort in historic LaConner, Washington has swimming pool, Jacuzzi, All property and equipment is recorded at cost. Located on the largest lot within the Village at Pacific . We conducted our review in accordance with the standards of the PCAOB. QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the quarterly period ended March 31, 2021, TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the transition period from __________ to ___________, (Exact name of registrant as specified in its charter), California 95-2990441, (State or other jurisdiction of (IRS Employer ID No. After one trip to the WorldMark Pismo Read More, Great Campground Vacations at Pismo Creek RV Resort 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. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK. The Company does not expect any material changes through March 31, 2022. 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 General Store revenue was up $39,301, or 36.0%, and RV Service revenue increased $511, or 0.4%, from the previous year. The Company follows the policy of charging the costs of non-direct advertising as incurred. 2022 Annual Report: This report is an analysis which discusses the Companys financial condition as of September 30, 2022, compared with September 30, 2021. https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, Companys Code of Ethics: This codes covers a wide range of business practices and procedures. Msg & data rates may apply. This increase in site revenue reflects paid site occupancy due to the COVID-19 crisis. Pismo Coast Village RV Resort Timeshare Resales 165 South Dolliver Street, Pismo Beach, California, 93449, United States Sell Your Timeshare Timeshares For Sale Get Price Alerts Make Offer Prev Next 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. On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. 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. Your browser is out of date or unsupported. With a Pismo Beach timeshare, any time of year creates brilliant opportunities to enjoy this California coastal paradise. Anyone has private shares for sale? Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Finally, the Company collects Transient Occupancy Taxes (TOT) and Tourism Business Improvement District (TBID) assessments from guests which are remitted to the City of Pismo Beach and County of San Luis Obispo and are excluded from revenues. to receive alerts when results become available. The Company develops its income from two sources: (a) Resort Operations, consisting of revenues generated from RV site rentals, from RV storage space operations, and from lease revenues from laundry and arcade operations by third party lessees; and (b) Retail Operations, consisting of revenues from General Store operations and from RV parts and service operations. If you are interested in receiving any financial information from the company, we encourage you to download documents from these resources. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. 170 Branch St #374, Pismo Beach, CA 93449 Zillow. sig. ft. house located at 102 Village Cir, Pismo Beach, CA 93449 sold for $700,777 on Nov 24, 2020. PDF THE BASICS PCV SHAREHOLDER STEP ONE OF TRANSFERS - Pismo Coast Village Each share of stock is intended to provide the shareholder with free use of the resort for a maximum of 45 days per year. The technical storage or access that is used exclusively for statistical purposes. 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. Retail revenue, and specifically General Store revenue increased 36.0%, above the same period ended March 31, 2020 due to increased occupancy. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. sig. 1,775. Each office is independently owned and operated. The Company continues to promote and depend upon recreational vehicle camping as the primary source of revenue. Transfer fee is included. Expand your search parameters, or consider Enter your details below to be emailed when inventory matching your specifications becomes available. Management continues to place importance upon ongoing review of retail product mix, pricing, attention to service, and staff training. At March 31, 2021, September 30, 2020, and March 31, 2020 the Company had cash deposits of $6,299,526, $4,591,597 and $3,257,123, respectively, in excess of the $250,000 federally insured limit with Pacific Premier Bank. 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. This website uses cookies to ensure that you get the best experience on our website. Resort amenities create a truly memorable stay. Dinosaur Caves Park offers a fun playground along with an old-time band-shell that features occasional free concerts. For the six-months ended March 31, 2021, Cost of Goods Sold expenses were 46.9 % compared to 45.9% the previous year. 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. STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY, MARCH 31, 2021, MARCH 31, JUNE 30, SEPTEMBER 30, AND DECEMBER 31, 2020. This park does allow outside guests. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. Management did not believe an allowance for doubtful accounts was necessary as of March 31, 2021, September 30, 2020, and March 31, 2020. 165 South Dolliver Street, Pismo Beach, California, 93449, United States. Sign up to receive the latest deals and updates! Really nice package for price. 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. nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. We post our most recent filings with the Securities and Exchange Commission (SEC) here. WorldMark Pismo Beach. 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. For the six-month period ending March 31, 2021, operating expenses decreased by $120,254, or 4.4%, below the same period in 2020. Posted By: John Wayne on 12/02/14 07:19pm They are expensive . YES [X] NO [ ]. The ownership of a share does not entitle the owner to any interest in any particular site or camping period. View more property details, sales history We have reviewed the balance sheets of Pismo Coast Village, Inc., (the Company) as of March 31, 2021 and 2020, and the related statements of operations, and statement of changes in stockholders equity for the six-month periods ended March 31, 2021 and 2020, and statements of cash flows for the six-month periods then ended, and the related notes (collectively referred to as the interim financial statements). sig. This would include the purchase of equipment with sweeper attachments, surveillance cameras for the resort, garbage compactor container, service truck for RV service, and a lift for the RV service facility. 1,440 Sq Ft. 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. Consent not required for purchase. 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. A balance of $83,938 is available if the Company requires additional funding from the line of credit. I give my elec. The following financial statements and related information are included in this Form 10-Q, Quarterly Report. The Company does not disclose the value of unsatisfied performance obligations for contracts with an expected length of one year or less. Keeping your RV in its best shape assures a fantastic visit every time. 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 165 South Dolliver Street, Pismo Beach, California, 93449, United States, experience a successful sale on the timeshare resale market. Income from Retail Operations for the six-month period ending March 31, 2021, increased by $88,936, or 17.9%, over the previous year. Thousand Trails Membership Elite membership for sale, purchased out right from mother in law who passed away. Pismo Coast Village RV Resort Timeshares for Sale and Rent WorldMark Pismo Beach 100 Ocean View Ave., Pismo Beach, California, 93449 Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. The Company's current cash position, as of March 31, 2021, is $8,156,893, which is 58.9% more than the same position in 2020.