Certain information included herein contains statements that may be considered forward-looking statements, such as statements relating to anticipated expenses, capital spending and financing sources. 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. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. Pismo Coast Village Shares Rentals Sell, rent, or buy a Pismo Beach timeshare for sale on the resale market and save thousands over resort retail pricing! The majority of the balance is due to timing differences of depreciation expense, caused by the use of accelerated depreciation methods for tax calculations. WorldMark Pismo Beach. For the six-months ended March 31, 2021, Cost of Goods Sold expenses were 46.9 % compared to 45.9% the previous year. For the six-months ended March 31, 2021, income before provisions for income tax increased by $719,929, reflecting increased total income and decreased operating expenses. Statements of Income and Retained Earnings, 5. The Company does not expect any material changes through March 31, 2022. 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. On March 11, 2020, the World Health Organization declared the outbreak of a coronavirus (COVID-19) a pandemic. sig. ITEM 2. 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. I give my elec. 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. 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. This decrease in expense primarily reflects labor, workers compensation, repairs and maintenance, and legal fees. You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. Pismo Beach Timeshares For Sale - Sell or Buy Timeshare Resale This order limited non-essential travel, and caused significant cancelations for December 2020 and January 2021. https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf, https://www.sec.gov/cgi-bin/browse-edgar?company=pismo+coast+village&CIK=&State=&SIC=&action=getcompany, Reservations YES [X] NO [ ]. Due to the nature of the business, the Companys revenue is not significantly impacted by refunds. 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. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Website Design and Hosting by TXAD Internet. 1,775. Search Page General | SellMyTimeshareNow For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV Read More, There are hundreds of songs written about California. In Pismo Beach, you'll find miles of white sand beaches, sparkling blue waters, blazing orange and pink sunsets, and glorious coastal scenery to help wash your cares away. 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. Interest Expense for the three-months ended March 31, 2021, is $3,985, compared to $4,801 for the same period in 2020. A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,159, including interest at 4.532% per annum, through January 2023. If the Company is unable to generate sufficient funds from the public, the Company may be required to charge shareholders for services. The ownership of a share does not entitle the owner to any interest in any particular site or camping period. The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. 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. to receive alerts when results become available. Choose the atmosphere of your choice. The following financial statements and related information are included in this Form 10-Q, Quarterly Report. These levels are well within the guidelines established by management for the individual category sales of RV supplies and General Store merchandise. Take a ride on a biplane along the scenic coast for more memory-making fun times. It is the policy of management to review the outstanding accounts receivable at year-end, as well as historical bad debt write-offs, and establish an allowance for doubtful accounts for estimated uncollectible accounts. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. 100 Ocean View Ave., Pismo Beach, California, 93449. Pismo Coast Village RV Resort - Tripadvisor Intl: (407) 917-8432. In addition, investment for online marketing, ads in the two leading national directories, and trade magazine advertising formulates most of the business-marketing plan. You can pick a home park from an extensive listing all over the United State when transferred. Pismo Coast Village RV Resort 165 South Dolliver Street, Pismo Beach, CA 93449 US . Look for ocean views from a furnished balcony where you can enjoy a breakfast that you prepared in the full kitchen. workout room, clubhouse and trailer rentals. More Info. Popular pastimes in the area include surfing, kayaking and dune buggy rides. The Company has consistently demonstrated an ability to optimize revenues developed from the resort and retail operations during the summer season. You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. Price $1999.99 plus transfer fee of $249.75 Can join R.P.I. 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. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. The increase in the RV Service program revenue reflects effort to target new business and new inventory. 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. 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. They currently have 6 or 7 shares available going for $32,550 each. Pismo Coast Village RV Resort Timeshare Resales ft. house located at 102 Village Cir, Pismo Beach, CA 93449 sold for $700,777 on Nov 24, 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. On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13, or 15 (d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Management is planning and implementing long-term renovations to the Resort property, which includes redesigning sites and utilities to accommodate the needs of modern recreational vehicles and replacing restroom buildings. There is also Holiday RV Park which has no shares available but does have a list of shares for sale by owners. 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. CAPITAL RESOURCES AND PLANNED EXPENDITURES. and consent for Timeshare Broker Associates and, Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by. The Company uses the asset-liability method of computing deferred taxes in accordance with ASC Income Taxes topic. You are one of the 1800 owners. These interim financial statements are the responsibility of the Companys management. Ongoing investment in resort improvements has assured resort guests and shareholders a top quality, up-to-date facility. and consent for BuyATimeShare and. Copyright 2023 RV Property. sig. Sign up to receive the latest deals and updates! 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. Enjoy a miniature golf course, general store, restaurant that is open seasonally, a heated pool, laundromat, bike rentals and an arcade. All kids enjoy days at the beach strolling along sandy shores, digging for clams with a permit, playing sand volleyball, and building sand castles. Whether you decide to sell or buy a timeshare, let us do the work for you! Accordingly, actual results could differ from those estimates. Dues PAID thru 9/1/2013, a plus. It's an incredibly scenic stretch of coastline that's dotted with charming coastal cottages. The General Store revenue was up $39,301, or 36.0%, and RV Service revenue increased $511, or 0.4%, from the previous year. Pismo Coast Village has no shares available. Web Design and SEO by: Advanced Internet Management. 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. Email tbdesert@aol.com or call 760-772-4733. 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. MLS# SP20219611. 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. Includes unlimited day use and overnight camping. Employer contributions are discretionary and are determined on an annual basis. Expand your search parameters, or consider Increases in transportation and fuel costs or sustained recessionary periods could also unfavorably impact future results. 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. The Company has a revolving line of credit with Pacific Premier Bank (formerly Heritage Oaks Bank) for $500,000, expiring April 1, 2021. Pismo Bowl provides a fun and unique bowling experience on lanes that are among some of the oldest in California. 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). 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. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. 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. 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. Unwind next to the swimming pool or in the hot tub before preparing dinner at one of the BBQ grills. Keeping your RV in its best shape assures a fantastic visit every time. LP Gas, Photo Gallery Revenue is recognized when spaces are occupied or goods and services have been delivered or rendered, respectively. Membership was established in 2004. Web Design and SEO by: Advanced Internet Management Consider Pismo Beach timeshares when you're ready to soak up the sun and play in the surf. Msg & data rates may apply. I give my elec. 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. The Company is the sponsor of a 401(k) profit sharing pension plan, which covers substantially all full-time employees. I also agree to the. When it first. 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. The Company has been fortunate not to have significant impact due to economic volatility. sig. cchris1981@verizon.net. International: 1-603-516-0200, 100 Ocean View Ave., Pismo Beach, California, 93449. Everyone will appreciate a convenient General Store right on the property for those creature comforts that make vacations enjoyable. 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. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. We have a national one we can no longer use. THE BASICS OF SHARE TRANSFERS THE BASICS OFSHARE TRANSFERS Pismo Coast VillageCorporate Office rv@pismocoastvillage.com (805) 773-5649165 S. DolliverPismo Beach, CA 93449 PCV SHAREHOLDER Maybe your family spent summers at Pismo Coast Village, and you want to bequeath your share to your children. The present level of cash is being maintained in anticipation of large capital expenditures. 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). The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. 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). 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. Pismo Coast Village RV Resort - Tripadvisor Revenue from other ancillary goods and services accounts for the remaining 2% of revenue for the period ended March 31, 2021. Rentals Details: 170 Branch St # 374, Pismo Beach, CA 93449-3428 is an apartment unit listed for rent at /mo.The 900 sq. RV.Net Open Roads Forum: RV Parks, Campgrounds and Attractions: Pismo The third and fourth quarters' occupancies are expected to be consistent with that of past years, with the possible exception created by COVID-19. A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. The Company leases property for RV storage which is located in Oceano and is leased at $3,575 per month. We have moved to Southern California and need to sell our Harmony Ridge Resort membership, located in Nevada City, CA. 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. Therefore, interest noted on the balance sheet will not be applied. 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. #1 of 5 Specialty lodging in Pismo Beach. All rights reserved. This increase is primarily due to an increase in income, rental deposits, and decrease in capital expenditures. All Rights Reserved. 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. Virtual Tours, 165 South Dolliver Street Pismo Beach, CA 93449, (888) RVBEACH
Web Cams The resort remained closed until May 22, 2020 at which time the County of San Luis Obispo permitted occupancy to fifty percent. Service 4.2. Visiting in the spring and fall shoulder seasons promises warmer temperatures. Visiting in the spring and fall shoulder seasons promises warmer temperatures. YES [ ] NO [ ], Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the 1934 Act is accumulated and communicated to our management, including our principal executive officer and our principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. Although the Company does not maintain any uncertain tax positions, tax returns remain subject to examination by the Internal Revenue Service for fiscal years ending on or after September 30, 2018 and by the California Franchise Tax Board for fiscal years ending on or after September 30, 2017. (800) 525-7452. Management did not identify any subsequent events that required disclosure. 89,380 were here. See more of Pismo Coast Village on Facebook The technical storage or access that is used exclusively for statistical purposes. Either way, you'll find yourself surrounded by luxury with amenities like spas, shops, restaurants, fitness centers and lounges.
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