Migrating monarch butterflies gather here annually, and this is an excellent beach for water sports and ATV riding. For the six-month period ending March 31, 2021, operating expenses decreased by $120,254, or 4.4%, below the same period in 2020. nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. All Rights Reserved. More information about cookies can be found in our. 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. Then, those member banks issue CDs in amounts under $250,000, so that the entire deposit balance is eligible for FDIC insurance. Harmony Ridge Resort, family campgrounds and RV park in northern California includes 100 full and partial hookup sites for RV and tent camping and log cabins. 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. website, call 100 Ocean View Ave., Pismo Beach, California, 93449. DISCLOSURE CONCERNING WEBSITE ACCESS TO COMPANY REPORTS. Both parks have low yearly . Income from Retail Operations for the six-month period ending March 31, 2021, increased by $88,936, or 17.9%, over the previous year. 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. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. 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). Rentals Details: 170 Branch St # 374, Pismo Beach, CA 93449-3428 is an apartment unit listed for rent at /mo.The 900 sq. RV storage and towing continue to be a primary source of revenue for the Company and is even year-to-date compared to last year. Your browser is out of date or unsupported. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. If the Company fails to complete the required public improvements, monies will be drawn from the credit line to satisfy the County. Thousand Trails Membership Elite membership for sale, purchased out right from mother in law who passed away. If you want to avoid the crowds, then visit Pismo Beach in the winter. workout room, clubhouse and trailer rentals. Management continues to place importance upon ongoing review of retail product mix, pricing, attention to service, and staff training. The majority of the balance is due to timing differences of depreciation expense, caused by the use of accelerated depreciation methods for tax calculations. Walk along the Pismo Pier and stop to cast a line to catch red snapper, cod or even a thresher shark, with no license needed. View more property details, sales history The General Store revenue was up $39,301, or 36.0%, and RV Service revenue increased $511, or 0.4%, from the previous year. This increase is primarily due to an increase in income, rental deposits, and decrease in capital expenditures. Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. Similarly, visitors look forward to spend a few hours at the Avila Hot Springs where they can obtain a day pass to soak in the natural artesian mineral hot spring. If you have a disability that is preventing you from experiencing this Search for. Call 603-883-8626 or 1-800-640-6886 for assistance. 140 S DOLLIVER ST SPC 127, Pismo Beach, CA 93449. ** The Official Facebook Page of Pismo Coast Village RV Resort ** Beachfront 400 campsites full. You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. At March 31, 2021, future minimum payments on the capital lease obligations were as follows: Less current portion of capital lease obligations, Total capital lease obligations, net of current portion. Generous square footage, luxurious linens and indulgent mattresses ensure a remarkable experience. 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. Pismo Coast Village RV Resort 213 reviews #1 of 5 campgrounds in Pismo Beach Save Share 165 S Dolliver St, Pismo Beach, CA 93449-2901 Check In / / Check Out / / Guests Contact accommodation for availability. Visit a local winery to sample locally made wines. RV servicing you'll find at Pismo Coast Village RV Resort includes propane gas, RV wash and wax, service calls on site, winterization services and preventative maintenance. 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. I also agree to the. 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. No pending legal proceedings against the Company other than routine litigation incidental to the business. The Company has a five-year lease obligation for a copier. Notes to Financial Statements (Unaudited). Transfer fees: $550, payable to Harmony Ridge Resort. The public may read and copy any of the materials filed with the Securities and Exchange Commission on official business days during the hours of 10:00 a.m. to 3:00 p.m., at the SEC's Public Reference Room located at 100 F Street, N. E., Washington, D.C. 20549. 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. The Company expects the RV service facility project to be completed and bond satisfied by June 30, 2021. . and consent for Timeshare Broker Associates and. On March 11, 2020, the World Health Organization declared the outbreak of a coronavirus (COVID-19) a pandemic. 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. Contact us at our email address [email protected]. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the 1934 Act is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms. 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. STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY, MARCH 31, 2021, MARCH 31, JUNE 30, SEPTEMBER 30, AND DECEMBER 31, 2020. Increases in transportation and fuel costs or sustained recessionary periods could also unfavorably impact future results. RV servicing you'll find at Pismo Coast Village RV Resort includes propane gas, RV wash and wax, service calls on site, winterization services and preventative maintenance. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $6,098, $6,096 and $6,094 of cash equivalents. PCVs financial information is always readily available for your review. When you choose to store your RV onsite, you'll find anticipating your much-loved vacation destination is a more pleasurable experience. Web Design and SEO by: Advanced Internet Management. 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. saving this search 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. Points are not available against this searching criteria. 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. View all View all photos (99) Traveler (91) Pool & Beach (18) Room & Suite (2) About 4.0 This park does allow outside guests. 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. (CRMLS) 4 beds, 2.5 baths, 1641 sq. Once you've decided to buy a Pismo Beach campground membership, everyone will look forward to oceanside camping and memory making experiences. Management did not identify any subsequent events that required disclosure. 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. 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. The General Store is a Hub of Activity Membership was established in 2004. 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. Lovely resort with amenities for the whole family! With a Pismo Beach timeshare, any time of year creates brilliant opportunities to enjoy this California coastal paradise. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. Its business is seasonal in nature with the fourth quarter, the summer, being its busiest and most profitable. may result in a faster sale of my timeshare. This seems high but it's not a membership. YES [ ] NO [X], APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY. Pismo Coast Village RV Resort 165 South Dolliver Street, Pismo Beach, CA 93449 US . For performance obligations related to the Company accommodations and other ancillary goods and services, control transfers to the customer at a point in time. Revenue primarily consists of recreational camping space rentals, revenue from recreational vehicle storage space and RV service and repairs, food and beverage sales and other ancillary goods and services. The new guidance also added Subtopic 340-40, Other Assets and Deferred Costs-Contracts with Customers, to the ASC to require the deferral of incremental costs of obtaining a contract with a customer. Very good. Unwind next to the swimming pool or in the hot tub before preparing dinner at one of the BBQ grills. Our . 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. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Accordingly, actual results could differ from those estimates. Site Map It's an incredibly scenic stretch of coastline that's dotted with charming coastal cottages. Travel Resorts of America/Coast to Coast Lifetime membership in two campgrounds, 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). This quality and pride of ownership was evident when the National Association of RV Parks and Campgrounds Park of the Year was awarded to the resort for 2007-08. The San Luis Obispo Children's Museum lets little ones have fun while learning with interactive displays and educational exhibits based on play. 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. After one trip to the WorldMark Pismo Read More, Great Campground Vacations at Pismo Creek RV Resort The Company began canceling reservations on March 19, 2020 and closed the park on March 23, 2020. 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. Enter your details below to be emailed when inventory matching your specifications becomes available. LP Gas, Photo Gallery Rates All kids enjoy days at the beach strolling along sandy shores, digging for clams with a permit, playing sand volleyball, and building sand castles. These interim financial statements are the responsibility of the Companys management. 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. 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. Stays at preserves can be reserved 90 days in advance and can be up to 14 days. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. The Company is the sponsor of a 401(k) profit sharing pension plan, which covers substantially all full-time employees. This website uses cookies to ensure that you get the best experience on our website. At March 31, 2021, September 30, 2020, and March 31, 2020, capital lease obligations consisted of the following: NOTE 5: CAPITAL LEASE OBLIGATIONS (continued). 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. The note may be prepaid by the borrower at any time prior to maturity with no prepayment penalties. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. Web Design and SEO by: Advanced Internet Management, Please wait we are loading some suggestions for you, I give my elec. ITEM 3. Click the button below to proceed. 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. 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. Washington has a general store, restaurant, clubhouse, marina, gas dock and shower facilities. 2023 - Sell A Timeshare - All Rights Reserved Website by. We have a national one we can no longer use. Statements of Income and Retained Earnings, 5. There are similar hotels available. Service 4.2. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. sig. 3. Includes unlimited day use and overnight camping. Cleanliness 4.5. Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, which will result in taxable or deductible amounts in the future. 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. 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. Keeping your RV in its best shape assures a fantastic visit every time. You may see more crowds, but. Read More. Pismo Beach timeshares can promise ocean views and all of the comforts of home. The Company does not expect any material changes through March 31, 2022. By using this website, you agree to our Terms of Use. 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. As of March 31, 2021, management has considered its tax positions and believes that the Company did not maintain any uncertain tax positions under this approach and, accordingly, all tax positions have been fully recorded in the provision for income taxes. All undisputed payables have been paid in full according to the Company's policy. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. We have camped at Pismo Coast Village before and wonder about the merits of owning a share or not. Price $1999.99 plus transfer fee of $249.75 Can join R.P.I. You may see more crowds, but. Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by, I give my elec. The Company does not have any significant financing components. Listing by Real Estate One - Greg Beck. (805) 773-1811 Value 3.9. Consent not required for purchase. Golfers enjoy scenic courses with challenges for all skill levels. Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, Your new yearly membership fee is $500. Make time to visit Dinosaur Caves Park and Spyglass Park to make the most of the views, rock formations and the wildflowers on the bluffs. 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 Company has also maintained a line of credit of $500,000 to ensure funds will be available, if required. {{current_weather.dt | momentjs( atts.date )}}, https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf. Due to the nature of business and economic cycles and trends, rates may be adjusted accordingly, if deemed necessary. and consent for Timeshare Broker Associates to send me offers at the above phone number. 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 and, Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by. The earnings per share are based on the 1,775 shares issued and outstanding. An authentic California beach town getaway is the perfect escape from the bustle of everyday life. Revenue from performance obligations satisfied at a point in time consists of sales related to the Company accommodations and other ancillary goods and services at the location in Pismo Beach, California. The financial information included in Part I of this Form 10-Q has been reviewed by Brown Armstrong Accountancy Corporation, the Company's Certified Public Accountants, and all adjustments and disclosures proposed by said firm have been reflected in the data presented. 170 Branch St #374, Pismo Beach, CA 93449 Zillow. WorldMark Pismo Beach. near Idyllwild at 3500 feet weather is generally mild. 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. Copyright 2023 - Official BUY A TIMESHARE - Vacation Property Resales Inc - All Rights Reserved Terms and ConditionsSMS Terms and ConditionsPrivacy PolicyCompliance. Shoppers love the Pismo Beach Premium Outlets with its outstanding collection of designer names. to receive alerts when results become available. 1,440 Sq Ft. 1,775. 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. I give my elec. Website Design and Hosting by TXAD Internet. The Company does not recognize revenue when a customer prepays for resort accommodations. The General Store was up $75,485, or 32.1%, and RV Service was up $13,450, or 5.1%. Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity with accounting principles generally accepted in the United States of America. 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. Whether you decide to sell or buy a timeshare, let us do the work for you! Timeshare accommodations include hotel-style rooms as well as multi-bedroom condos and villas. The Companys matching portion of the 401(k) safe harbor plan was $32,147 and $38,540 for the six months ended March 31, 2021 and 2020, respectively, and $13,916 and $15,400 for the three months ended March 31, 2021 and 2020, respectively. I give my elec. 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. 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. Check-in is not available against this resort. They currently have 6 or 7 shares available going for $32,550 each. Visiting in the spring and fall shoulder seasons promises warmer temperatures. Revenue from other ancillary goods and services accounts for the remaining 2% of revenue for the period ended March 31, 2021. The downtown district is adjacent, providing many opportunities for shopping, dining and entertainment. and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. You are one of the 1800 owners. Popular pastimes in the area include surfing, kayaking and dune buggy rides. sig. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. There are several resorts you can use with this membership. 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, nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. 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. Start your tour of the area on the Pismo Beach Pier. The cash balance increased $1,704,783 from fiscal year ended September 30, 2020, due to increase in income, rental deposits, reduction of expenses, and timing of capital expenditures. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. For the six-months ended March 31, 2021, Cost of Goods Sold expenses were 46.9 % compared to 45.9% the previous year. $8,000 membership. The increase in the General Store revenue primarily reflects the increased resort occupancy due to COVID-19. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330. 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. The Companys commitment to quality, value, and enjoyment is underscored by the businesss success due to word of mouth and referrals from guests. 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. - Finance/Chief Financial Officer, (principal financial officer and principal accounting officer), Jay Jamison, General Manager/Chief Executive Officer. This order limited non-essential travel, and caused significant cancelations for December 2020 and January 2021. The technical storage or access that is used exclusively for anonymous statistical purposes. The Company has been fortunate not to have significant impact due to economic volatility. Ongoing investment in resort improvements has assured resort guests and shareholders a top quality, up-to-date facility. Pismo Beach timeshares invite families to enjoy classic California beach adventures they'll never forget. RVing offers an affordable outdoor recreational experience, and the Company provides quality facilities and services in a highly popular location. 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. However, because Pacific Premier Bank is a member of the Certificate of Deposit Account Registry Service (CDARS), large deposits are divided into smaller amounts and placed with other FDIC insured banks which are also members of the CDARS network. Anyone has private shares for sale? and Stockholders of Pismo Coast Village, Inc. In response, the County of San Luis Obispo followed by the Governor of California issued a Shelter at Home order effective March 19, 2020, requiring certain non-essential businesses to temporarily close to the public.
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