annual report
2015
Hampton Lake Community Association Post Office Box 3278 | Bluffton SC 29910
CoMMUNitY AssoCiAtioN BoArd of direCtors
John reed
Chris england
fred Chitty President Pratt reed Vice President
Bryan rhame General Manager
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Gail Garbett ARB Director
erik olson
offiCers stAff
sandy Leath
erik olson Secretary Brenda Matthews Treasurer
Brenda Matthews Catherine Guscio Club Director of Controller Member Relations
Chris Collier Boathouse Manager
Chris smith Michelle Woodcock fran Nemeth Food & Beverage Accounting Tacklebox Manager Assistant Associate
Hampton Lake Community Association Annual Report 2015
fred Chitty
Maren rogers Director of Special Events
Jordan Williams Boathouse Assistant
CoMMUNitY AssoCiAtioN stAff
Avern Monteque Maintenance Technician
tBd Tacklebox Associate
Mandy Bell ARB Assistant
tracie Hayes Accounting Assistant
tBd Receptionist
BoArd of AdVisors 2014-2015
Peter Bromley Chairman
deb Legiadre Fitness & Recreation
sandy Leath Food & Beverage
Mike Beckwith Grounds & Facilities
Nancy Cantor Clubs & Events
Judy owens Clubs & Events
Hampton Lake Community Association Annual Report 2015
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CoMMUNitY AssoCiAtioN BoArd of AdVisors 2016-2017
Pat Licata
Chairperson
deb Legiadre Fitness & Recreation
Mike Walsh Food & Beverage
Bill Camp Grounds & Facilities
Lisa Cotter Events
CoNtrACtor MANAGeMeNt
Anne dunn Security
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Patrick Blankenship Chief Chef
tiffanie Baker The Spa
Hampton Lake Community Association Annual Report 2015
Jason Alexiou Fitness Center
Joy Burke Landscaping
Hampton Lake is fortunate to have hard-working sta, an active board of advisors, dedicated volunteers, and residents who care! That’s what helps make Hampton Lake an excellent place to live!
Hampton Lake Community Association Annual Report 2015
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PresideNt’s Letter to MeMBers For the past three years, I have been honored to serve the residents of Hampton Lake Community Association (HLCA), first as 1 of 3 and now as 1 of 5 members of the Board of Directors. Working together as a team, with mutual respect, the Board provides policies and oversight to serve the best interest of the Community Association. Just a few weeks after my first election to the Board in April 2013, our Declarant, Hampton Lake, LLC, filed for protection under Chapter 11 of the bankruptcy code, creating concern and uncertainty among owners. Our 2013 EOY budget actuals of $2,911,439 total revenue ended with an operating deficit before a Developer subsidy of $304,000. Our Capital Reserve (CR) balance was only $224,297, with annual CR contributions of about $100,000. This was more than $300,000 less than what we later learned to be the requirement based upon CR study completed in January 2014. HLCA’s web site only had 1 page summary budgets and 1 page summary quarterly financial reports.
What a difference the past 3 years have made. In 2015 our end of year total revenues were $3,982,849. The budget ended in the black, without a Developer subsidy. Our CR balance is $624,719 at the end of 2015 and total CR annual contributions are now in line with recommended levels. Current year and past year detailed quarterly financial reports are posted on the HLCA web site, as is the detailed current year monthly budget. This transparency allows all members to view the community’s financials and assure themselves of the solid financial condition of HLCA. I am happy to report that our financial condition is stronger than ever. Our reserves and other mechanisms to respond to emergencies and other unexpected events ensure our continued financial viability. We expect dues to remain at current levels for at least the next two years.
As I look back over 2015, I see a year of important milestones, not the least of which was the completion of our sidewalks and asphalt top coat paving of our roads. Another being the addition and sales launch of phase 3. In record numbers, I see members having fun with each other at BWB’s Friday night happy hour, at special events, at street block parties, at the pool, the dog park and the fitness center and out on the lake boating, fishing and kayaking. I see members enthusiastically supporting multiple charities. I see members volunteering many hours of their time on the Board of Advisors and the Women’s Group and other groups, with the sole purpose of improving the living experience for all of us members. Your Board of Advisors is comprised of five very capable, dedicated property owners who, with many more committee members, give of their time to examine issues and make recommendations to assist the management and Board. We all owe them our thanks.
Which brings me to another important point: we are blessed with the finest staff in the Lowcountry. From our General Manager to our pool attendants and everyone in between, they do a great job managing our resources and providing wonderful service to our members. Our member services and events directors, with the aid of our BOA volunteers, are constantly looking for ways to keep us entertained through diverse activities and programs for children and adults alike. We are also fortunate for the addition of our new F&B Manager, who does an excellent job of executing these planned events.
My sincere thanks to everyone…Board members, Committee members, owners, management and staff…who all contributed to the continued success of Hampton Lake in 2015. We love living here. We love having you all as our neighbors. Hampton Lake is a special place to be and we feel blessed to be a part of this community. In so many ways, 2015 was a great year. 2016 promises to be even better. Respectfully submitted,
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Fred Chitty President
Hampton Lake Community Association Annual Report 2015
deCLArANt’s Letter to MeMBers At the beginning of 2015, our company was looking forward to a year of exciting achievements. Principal among these were first to successfully close out the Reorganization Plan, including finishing the top coat paving of the roads, installing our sidewalks and selling the remaining Developer lots in phases 1 & 2. Second was to have a successful launch of phase 3. As ambitious and challenging as these plans were, we were blessed and succeeded with the support of the Hampton Lake property owners, and with lots of hard work, meticulous planning, and careful execution. There were some challenges, but in the end, everything came together to a successful conclusion. The roads & sidewalks are done. The lots are sold. Sabal is paid off. We are in the process of transferring title of the phase 1 & 2 Common Property to Hampton Lake Community Association. Hampton Lake LLC is essentially dissolved and Declarant Rights have been assigned to HL Development LLC, which is our phase III development company.
2016 is somewhat of a new beginning for Hampton Lake development. Based upon market acceptance and 2015 4Q sales, phase 3 is off to a great start. The expanded community membership that phase 3 brings is projected to keep dues at their current level for several years. We, the Declarant, will be investing $7,000 per lot sold in phase 3 into improved and new amenities for all of Hampton Lake Community members to enjoy. Input from current owners during the multiple focus group sessions provided valuable insights as we shape our future development plans. We plan to finish some upgrades to the “Lakeside” Amenity Center pool complex before the start of the 2016 swimming season. We plan to follow this with the construction of a new pool and construction of the “Crystal Lake” amenity in phase 3’s “Parkside” Amenity Center. If everything goes as planned, these will open in the summer of 2017.
We remain impressed and grateful with the level of engagement of members, the large number of volunteers willing to serve the community and with the talent & skills our members bring to the table. Creating a community requires so much more than just building roads, homes, and amenities. Successful, fun communities need the property owners to be involved in the community activities, as this is where you meet and make new friends and get to know your neighbors. Hampton Lake is successful because there are so many friendly and active people in the community who enjoy living here. This is our vision and you all have brought it to life. Thank you!
The increase in sales, increase in home construction activity and increase in property values during 2015 all bode well as we look forward to 2016. The future has never been brighter for Hampton Lake. I hope you all are as excited as we are as we move forward. Based upon the member survey, I know you feel living in Hampton Lake is fun. I just want you to know the fun of developing Hampton Lake has returned to me as well! Working together, it will only get better. Regards,
John P. Reed Ceo reed Group
Hampton Lake Community Association Annual Report 2015
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BoArd of AdVisors CHAirPersoN’s Letter to MeMBers I sincerely thank each member of the 2014 – 2015 Board of Advisors for their immeasurable efforts and contributions during the past two years. During this time of unprecedented member growth and diversity of interests, the BOA team worked tirelessly to recommend and implement meaningful programs and activities for the betterment of the community at large. Challenges were indeed numerous but the end results of their work were initiatives that did - and will continue to - make a true difference in “life at the lake” for present and future HL members.
As a summary of the nearly 100 committee meetings and an estimated 2000 man-hours of efforts spent on community business during 2015, please note the following highlights:
CLUB & EVENTS (Chairs Nancy Cantor & Judy Owens; members Pam Brown, Jim Burgess, Terry Karmel, Jay Martinez) • Researched and obtained the purchase of a new portable dance floor and obtained approval for the purchase of new A/V equipment for the Lakeview Room. Also, collected and assessed meeting room usage data.
• Implemented highly successful new formats for the monthly Music and Trivia nights as well as the annual Adult Pool Party, Halloween Trunk or Treat, Christmas Boat Parade and New Year’s Eve Gala. Also made important improvements with member communications.
FITNESS & RECREATION (Chair Debbie Legiadre; members Mary Blake, Diane Horowitz, Brian Lackey, John McAndris, Alan Metevia, Kyle Scanlon, Steve Scanlon, Joie Van Tilburg): • Instrumental in implementing safety, security, and rule compliance improvements in the pool complex; also prepared a report defining “overcrowding” at the pool with related recommendations for the 2016 season.
• Presented and implemented recommendations for additional classes and new pricing at the Fitness Center. Held two well-attended “Health Matters” Expos that included presentations by Health Care Professionals and in-house vaccinations; also implemented new programs to foster a healthier lifestyle through education.
• Conducted an extensive study of the viability of a facility wide swipe card system; while concluding that this system would not solve many of the targeted problems, it did significantly contribute to the upcoming implementation of an on-line reservation system for tennis court, class, dinner and boat reservations.
FOOD & BEVERAGE (Chair Sandy Leath; members Mary Beckwith, John Crapanzano, Barbara Elbertson, Art Hansen, Gary Rosen, Chris Rudd, Hank Spangler):
• Monitored and assessed new management and member feedback in all areas of BWB operations and service issues. Refreshed the décor in Backwater Bills by de-cluttering the facility and making cosmetic enhancements while maintaining its charm and ambience. Reformatted and Enhanced “What’s Cookin’ Wednesdays”.
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• Addressed the comfort, efficiency and congestion issues at Backwater Bill’s by adding high top tables, implementing segregated food stations, adding a ledge bar top, installing noise-reducing commercial slides on all restaurant stools and chairs, and setting up a portable bar in the Lakeview room (when available).
Hampton Lake Community Association Annual Report 2015
BoArd of AdVisors CHAirPersoN’s Letter to MeMBers GROUND & FACILITIES (Chair Michael Beckwith; members Scott Ahrnsbrak, Mike Calvert, Bill Camp, Ray Elbertson, Jack Horowitz, Richard Nettles, Walt Perkowski, Carol Metevia, Sandy Moldovan)
• Proactive involvement and close interaction with HL management - combined with regular member communication - significantly contributed to the success of the long-awaited completion of the roads and sidewalks.
• Implemented Boater Safety and Etiquette training and a Boat Identification system. Also established an easy to understand definition of “significant wake” for boaters and on-shore observers.
• Via a group of committee member volunteers, assisted HL in the installation of additional fishing structures; also were instrumental in the restocking of crappies. Worked closely with Palmetto Coastal to make significant improvements for our trail paths, Dog Park and Outpost
I welcome the new incoming Board of Advisors and thank each of them for their willingness to serve. And on behalf of our entire outgoing BOA team, I sincerely thank all Hampton Lake members for your support and input.
Peter Bromley
2014-2015 Chairman, HLCA Board of Advisors
Hampton Lake Community Association Annual Report 2015
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2015 HLCA oPerAtioNs stAff
Hampton Lake has been very fortunate in that the majority of our team has been in place for an average of 5 years or more. This has created consistency and trust. We are also adding positions to better serve our ever growing community. We look forward to the new team members’ support as well as the new and fresh ideas they will provide.
A few key changes during 2015 included the addition of Chris Smith, our new F&B Manager; Jason Alexiou, our Personal Trainer and Avern Montaque, our Maintenance Technician. Other additions included Jordan Williams, the Boathouse Assistant and Steve Strickland, our new Tacklebox Associate. Although they have only been with us a short time, these talented individuals have already begun making a positive impact. We are also very excited to introduce Amanda ‘Mandy’ Bell, our new ARB Assistant and Tracie Hayes, our new Accounting Assistant. We are currently searching for a Front Desk/Receptionist to help answer questions, direct phone calls, and provide administrative support for all departments. New faces can also be seen at the fitness center front desk and in Backwater Bill’s as we are in the process of hiring new servers. Key employees to leave us include Dennis Williford and Lauren Lisko. Dennis served as our Nature Guy for several years and as such conducted our fishing tournaments, ran the Fishing Club meetings, helped with placing fish structure, and many other duties related to the boats, lake and nature trails. Personal trainer, Lauren Lisko, was instrumental in growing group classes.
food & BeVerAGe
Backwater Bill’s - In 2015 our restaurant went through several managerial changes. We started the year with Russell Goldstein, acquired Michael Walker and after an extended search, Hampton Lake management, with agreement from our F&B Catering contractor, made the decision to hire Chris Smith as part of the Hampton Lake team. Our new F&B manager has begun to institute welcomed changes, including implementing a service training manual, which will set expectations for service standards from the time you enter until your check is promptly delivered. Our goal is to become more friendly and efficient. These and other initiatives will be put in place to ensure we meet the objectives. Also, with aid from our advisory committee we continue to make menu and atmosphere changes to address the comments from our diverse membership. These changes include adding a larger selection of “pub fare” and additional healthy choices. We have also added sound resistant slides to the bottom of the chairs, installed a chalk board to promote specials, and added a ledge to provide more space during our busy happy hours. Revenue in BWBs continues to grow. In 2015, total revenue increased by $15,881 from 2014 to $380,607. An important challenge facing our management team and advisory committee will be to continue to monitor costs while trying to address member feedback from our most recent survey, including increased hours of operation and lower priced items. .
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Hampton Lake Community Association Annual Report 2015
Member events - Hampton Lake member functions revenue grew by $15,378 over 2014 to $70,664. In fact this department experienced a positive cash flow of $26,484. The increase in numbers makes it possible to decrease the overall costs or enhance many of our events. The majority of our favorite events experienced record numbers and some newly scheduled events were very well received. With the help of our BOA committee we continue to create a very diverse schedule of events. Our team is constantly looking for new ideas and is excited about future events. We believe we are creating programming that offers something for everyone. In addition to our popular monthly Meet Your Neighbors event, below are other member events hosted in 2015. January - Music Night with Chris Paul; Chowder Cook-off; What’s Cooking Weds (Comfort Foods)
february - Karaoke & Pub Night (a new event); Valentine’s Day Tapas Dinner with a Jazz Duo; New Orleans Jazz Brunch/HH Christian Academy James Berry & students; Lunch & Learn Topic - Gullah; What’s Cooking Weds (Italian)
March - Music Night-Chiggers; Lunch & Learn Topic - Spring Landscaping; St. Patrick’s Day Buffet; Lakeside Village Market 40+ Vendors, workshops, food, drink; Wine Dinner; What’s Cooking Weds Theme (50’s Diner, Corvette Club)
April - Cupcakes & Crafts for children (New event); Easter Buffet, Easter Bunny & Egg Hunt; Music Night- Name That Tune Trivia (New event); Lunch & Learn-Spring Fashion (New Event); CPR Class; What’s Cooking Weds (Caribbean)
May - Lakeside Village Market 40+ Vendors, workshops, food, drink; Kentucky Derby Cocktail Party & Tower Bar Opening; Bingo & Brews (New event); Lecture Series at Port Royal Maritime Center; Mother’s Day Brunch; Memorial Day Weekend Activities/Pool Games/Food/Live Music/DJ; Bike Workshop; HLWG Potluck Event; What’s Cooking Weds (Grill & Chill)
June - Adult Pool Party/DJ Cat Miller; Father’s Day Specials BWB’s; Blues, Brews & BBQ-Brewer Band; 1 week Kids Camp; Saturday night Tower Bar Music; What’s Cooking Weds (Pirate)
Hampton Lake Community Association Annual Report 2015
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July - 4th of July-Cook Out Food, DJ Activities; Saturday night Tower Bar Music; 2 week Kids Camp; Swim Classes (New); What’s Cooking Weds (Picnic)
August - Line Dancing w/Alan Palchak; Saturday night Tower Bar Music; What’s Cooking Weds (Greek)
september - Labor Day Weekend Activities/ Pool Music, Pool Games; Tower Bar Live Music; Music w/Cheryl Christine Piano/Keyboards (New event); Lunch & Learn w/Callie’s Biscuits; What’s Cooking Weds (Hawaiian)
october - Lakeside Village Market 40+ Vendors workshops, food, drink; Music Night-Dance &Karaoke w/DJ Cat Miller; Health Fair; Captain’s Cup Fishing Tournament; Lunch & Learn Lowcountry Authors; Trunk or Treat- 22 Cars-70 Trick or Treaters/Halloween Party; What’s Cooking Weds Theme (Deli Night)
November - Music Night-Irritating Julie sponsored by Carolina Volvo; Lecture Series: Lowcountry Birds; Phase 3 Grand Opening-Deas Guys; Trivia-w/DJ; Oyster Roast; What’s Cookin’ Weds (Italian)
december - Cookie Exchange; Tackle Box Annual Holiday Sale; Gingerbread Houses/Santa; Christmas Boat ParadeJeff Lake DJ; Holiday Dinner (record crowd); Santa Brunch (New event); New Year’s Eve- Dinner, Dessert option later crowd, Champagne Toast, DJ Alan Palchak, New Photo Booth
Private Parties - Last year’s addition of Maren Rogers as our Director of Special Events enabled us to improve the number of private parties hosted at Hampton Lake. In 2015 we increased revenues to $235,572 from $197,647 in 2014. This increase generated a net revenue of $35,734. The increase in private parties came from many different avenues; corporate events, weddings, and member functions (birthdays, anniversaries, and baby showers). The team did a great job of hosting these events with very little, if any, inconvenience to our membership. Some of the private events hosted included:
Private Events & Member Functions – Includes breakfasts, lunches, dinners, business/sales meetings, fund raising, retreats, Sorority Formal, church events and even a USCB Graduation Dinner for 100 people.
Weddings – total of 17 weddings ranging from 28 to 170 people, with an average size of 78.
Holiday Parties – total of 10; lunches and dinners, with largest being 275 people (Evicore)
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Hampton Lake Community Association Annual Report 2015
Hampton Lake Community Association Annual Report 2015
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sPA & fitNess CeNtrAL
The amount of activity at the spa and fitness center continues to increase. The addition of Jason Alexiou has been extremely positive in his interaction with the members, flexibility in group class offerings, and his emphasis on personal training. Revenue increased by $7,063 over 2014 to $126,232. The number of private Pilates sessions increased from 5 to 31. Massage Therapy sessions increased by 63 over 2014. In 2015 swim lessons were offered for the first time on a reserved basis. In 2015 we also increased the hours of our pool attendant’s presence at the pool, specifically having coverage on Mondays. The tablet with picture ID was well received by the majority of our owners. The increase in security has significantly reduced unauthorized pool use. The pool remained a popular place during the season. On July 4th, always our busiest day at the pool, we had 446 owners and guests checking into the pool during the course of the day. Everyone had a great time and chairs were still available. Our BOA volunteers did an excellent study and recommended a definition of “over-crowding”. This information will be valuable going forward and was useful in the developer’s decision to move forward with modification to our existing pool area. Early in 2016 new hardscapes to support more seating and shade areas are to be completed, thus increasing pool capacity. In 2015 we installed 50 new chair slings and added a few new umbrellas to freshen up the area. We will continue this process in 2016 with the installation of about 20 new slings to refurbish some damaged chairs and will replace a few chairs that cannot be repaired. The Tiki Hut refurbishment on the beach will also be completed in the spring of 2016. Private tennis lessons only increased slightly. However, the clinics more than doubled and ended up 185 over 2014. The 2016 budget process also has provided the funds to replace all of our cardio equipment in June of 2016. This equipment will be configured in such a way as to provide more of the items in high demand. Also, in response to member suggestions, the fitness center after hours key card access was extended in January of 2016 until 9:00 pm.
GroUNds & fACiLities
The major accomplishment in 2015 was the completion of our main road top coat as well as some side road repairs. The developer set aside the funds as required by a court ordered reorganization plan to have Hampton Lake Drive and Hampton Lake Crossing ‘s final top coat applied. Coordination from the developer, management, volunteer owner road committee and the contractors insured the project went as smoothly as possible with outstanding results. Our community owes the volunteer road committee a huge debt of gratitude. They did a great job with pre-construction surveying and analysis to determine the areas requiring particular attention. Their work is extremely important, as it is the base line for future assessments of need for repair and replacement of our roads. Other important accomplishments in 2015 include the continuation of landscaping improvements.
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Hampton Lake Community Association Annual Report 2015
Additional labor was added to allow more attention to detail. Palmetto Coastal began the process of plant material removal, to reshape our existing shrubs and replace the plants that could not be salvaged. This project includes the amenity village, the lake banks, trails and sidewalks. The work should be completed by the spring of 2016. All landscaping lights were inventoried. Fixtures, wiring and bulbs were checked, repaired and/or replaced. The landscaping low voltage lighting is 100% operational as of February 2016. The community irrigation system is currently undergoing the same type of inspection. The WIFI around the amenity village received an update to have a stronger signal and extend further to the adult pool. The phone system was also replaced to improve reliability and function. The old system was no longer supported for repairs. Our club software program had the JAM system installed to allow owners the capability of making on line reservations. We are starting with web based reservations for the tennis courts and BWBs. We hope to eventually include member events, boats, and group class reservations. Due to limited storage space and increases in all types of events, we created a storage shed in the service area behind BWBs for banquet storage. Important projects scheduled for 2016 include painting of our amenity structures, cardio equipment replacement lease, and South Gate improvements with surveillance/video capability. We also will be monitoring our new All Traffic Solution Shield. This device is portable, displays current rate of speed and supplies detailed traffic data to aid in our enforcement efforts. This data will also help identify problem areas, which would allow management to better determine appropriate actions to take.
LAKe/fisHiNG
The lake continues to be one of the most important assets of our community. Quality Lakes remains our lake maintenance contractor and as such will supply water quality test results and reports of areas of concern. Practices started in previous years will be continued including annual stocking of grass carp, color dyeing of the lake when necessary, appropriate herbicide, and algae treatment. With the new addition of approximately 35 acres of lake, owner cooperation in wake control will become even more important. The 2015 Grounds and Facilities Advisory group helped come up with new guidelines for boat identification. Beginning in 2016, new 5 inch registration numbers are required to aid in identifying all motorized water craft. These ID measures were implemented to aid in the prevention of wake related bank erosion and help better enforce rules against unacceptable wakes. The BOA created a boating safety video on YouTube for members to view. The lake berm refurbishment project across from Balsam Bay scheduled for 2015 was postponed until March of 2016 due to its size and scope. Another Christmas tree gathering effort proved to be very successful. The placement of these trees along with additional stocking of Black Crappie, and a restocking of Thread Fin Shad early in 2016 should help enhance this relatively newly introduced species’ chance of survival. The most important task facing our new BOA will be to help form our long term vision of how we want our shorescapes to look. This will include nature preserve lake banks and shoreline.
Hampton Lake Community Association Annual Report 2015
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tHe BoAtHoUse & tACKLe BoX
Mix of merchandise selection continues to improve as we try different products that will appeal to the membership as a whole. Some of the popular items include bulk raw honey, Hampton Lake logoed items, newly designed Tervis Tumblers, and private labeled jarred food and snacks. This year’s Christmas Holiday Sales Event was one of the most successful to date with revenues exceeding goals by $1,259. The quarterly Market Day remains an owner favorite and continues growing area wide as well. This fall we had a record 51 vendors participate. The Boathouse total revenue increased by $8,097 over 2014 and operational costs were held to $7,930 below 2014. Improvements made to the Outpost are making this area more attractive for campers and member events. A new gravel parking lot was constructed to accommodate about 12 cars. The drive to the Outpost was also resurfaced and a turnaround was constructed at the end of the path. Landscaping has been improved and the entire area mulched.
CHAritY eVeNts
Charitable contributions and giving back to the local community continue to be at the heart of our special community. To name just a few, everything from the Tiger Bass Race, the HLWG efforts (including Toys for Tots), the start of 100+ Women Who Care, the sale of our history book and Texas Hold ’Em all generated thousands of dollars for various local charities.
Tiger Bass Race held Sept. 19, 2015 was the 8th Annual walk/race. As a result of past years’ successes, the TBR Committee at Hampton Lake established a charitable fund in 2015, Tiger Bass Charitable Fund, which is managed by Community Foundation of the Low Country. The Tiger Bass Race event has increased in scope and popularity over the years through the enthusiasm and hard work of the Tiger Bass Race Committee, Hampton Lake, Bluffton community, volunteers, sponsors and numerous area businesses. Rob Fyfe and his Palmetto Running Company crew provide race-day support for the event. The fund is managed through Community Foundation of the Lowcountry. This year two charities benefited from the proceeds of the race: Bluffton Self Help (BSH) and Bluffton Jasper Volunteers in Medicine (BJVIM).
The event this year raised enough to donate $14,000 to BSH and $14,000 to BJVIM. Sponsorships ranged from $3,000 to $500 for Platinum to Bronze Levels and Patron Levels ranging from $100 to $499. This year, Bass Pro Shops/Sun Tracker returned as Platinum Level Sponsors along with David Weekley/Custom Classics. Gold Sponsors included Hampton Lake Realty and an anonymous donor. There were 12 Silver Level Sponsors, 20 Bronze Level Sponsors, numerous Patrons and area businesses donating wonderful prizes and in kind donations.
Bluffton Jasper Volunteers in Medicine will continue for a second year as a recipient charity. Volunteers in Medicine is a dedicated service of volunteer physicians, nurses, and allied health professionals. The Bluffton Jasper VIM provides care to our friends and neighbors in Bluffton and Jasper County who are without medical insurance.
In 2016, Tiger Bass will add Memory Matters as the second charity. Memory Matters is the only local non-profit agency that serves families in southern Beaufort County who struggle with the devastating effects of Alzheimer’s disease and all other forms of Dementia. Hampton Lake member Monte Leath is the Past President of Memory Matters. In 2015, HLCA members Monte Leath and Walt Perkoski put together a Texas Hold ‘Em tournament to benefit Mental Health America of Beaufort and Jasper Counties that raised $2,200. MHA is a non-profit agency that serves Beaufort and Jasper county clients who suffer from persistent and severe mental illness.
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Hampton Lake Community Association Annual Report 2015
Hampton Lake members Mike Walsh, Alan Metevia and Sandy Leath all serve on the Board of Mental Health America.
100+ Women Who Care Bluffton is an organization made up of women who want to improve the lives of those living in Bluffton by joining funds with other women to make a real local impact in just one hour. They meet Quarterly. Hampton Lake Members and local area residents may take part in the organization. 3 local area charities are presented at the hourly quarterly meetings. The attendees at the meeting vote and one out of the 3 charities receives a contribution from the money collected from the organization and the attendees that evening. Each member commits to donating $100 per meeting on a quarterly basis ($400 annually).
This local chapter, part of a national organization, was founded by Hampton Lake residents Carolyn Day, Darice Ahrnsbrak, Mary Blake, Barbara Hege and Pat Roth in February 2015. Bari Lee provides the technical support for the Facebook and website pages.
CoMMUNiCAtioNs
We are constantly looking for ways to improve our current avenues of communications while looking for new channels to make it more effective and timely. For example, the BOA using Next Door to publicize daily BWB offerings. We work with our advisory committees to make improvements on our primary source of information, the weekly update; as well as finding new ways to increase readership of “Lines from the Lake”, our newsletter. We will schedule more Town Hall meetings along with our BOD meetings to provide more frequent communication venues during 2016. The recent addition of LakeViews, which is a web based site in which questions can be submitted and distributed to appropriate individuals for a response is yet another communication tool available to members. We also are looking to have some more casual meetings including “Coffee with the GM” to offer more informal access to management for questions and concerns. The BOA is planning to increase their communication regarding their activity and accomplishments. They are also supplying regular posts in the weekly update. Jonas, our community software company is currently updating its email system. We look forward to these technological improvements to more effectively distribute information.
Hampton Lake Community Association Annual Report 2015
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The 8th Annual Walk/Run Tiger Bass Race was another successful event, raising enough funds to donate $14,000 to Bluton Self Help & $14,000 to Bluton Jasper Volunteers in Medicine.
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Hampton Lake Community Association Annual Report 2015
HAMPtoN LAKe WoMeN’s GroUP
The Hampton Lake Women's Group (HLWG) was founded in 2010 to promote fellowship and provide social activities for the women of Hampton Lake. Historically important as the first social organization in Hampton Lake, HLWG remains an important part of our community’s social fabric. The HLWG has continued to grow from its initial membership of 60 women to more than 280 members who participate in many special interest groups and activities. The group provides members with a monthly NEWS publication and a membership roster, and supports sixteen very active Interest Groups related to games, trips, dining, reading, crafts, gardening and the arts. The HLWG also assists its members in supporting local charitable organizations. For more information, send an email to hlwg.info@gmail.com
In 2015, the HLWG conducted four General Membership Meetings. The group also offered Welcome Socials for new neighbors, a Pot Luck Dinner and an elegant Holiday Dinner and Dancing event. Speakers at the meetings included a representative of the South Carolina 529 College Savings Plan and Bluffton Mayor Lisa Sulka. The mayor provided members and their guests with an interesting and detailed report on the state of the town and an overview of upcoming projects. Members supported Family Promise with donations of needed goods throughout the year and collected 192 toys for the Marine Corps Toys for Tots program.
Hampton Lake Community Association Annual Report 2015
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ArB
2015 was a banner year for home construction at Hampton Lake. A wave of builder-spec homes and lot/home package starts were underpinned by tremendous activity in custom home construction by lot owners. Favorable financing rates, improved real estate conditions in the Northeast markets, a competitive landscape for custom homebuilding contractors and the anticipation of continued cost increases are all factors in keeping the ARB’s agenda full.
As 2015 closed out, there were 81 homes under active construction and a full slate of new starts in design review. This includes 7 homes under construction in phase 3. A recent ARB meeting in December reviewed 22 applications. 2015’s number represents a 38% increase year over year for single family homes. With the homes under active construction, this puts the total dwelling units in Hampton Lake at 508 at the end of the year. The 3 year home construction trend is very positive with a significant increase in homes and residents.
tHree YeAr treNd BUiLdiNG sUMMArY
dwelling Units Built dU Under Active Construction total
dec 31 2013
dec 31 2014
dec 31 2015
50
52
81
277
327
351
403
427
508
Of the 104 lot owners who responded to the December 2015 member survey question, “What are your plans to build?”, 78 indicated they had a home already under construction or planned to build within the next two years.
PLANS TO BUILD PLANS TO BUILD 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0
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Hampton Lake Community Association Annual Report 2015
IN PROGRESS IN PROGRESS WITHIN 12 MONTHS WITHIN 12 MONTHS 1 - 2 YEARS 1 - 2 YEARS 3 - 5 YEARS 3 - 5 YEARS 5 YEARS OR MORE 5 YEARS OR MORE NO PLANS NO PLANS
In 2015 there were no additional multi-family units built and none are expected to be built in 2016. The former “Sanctuary” fractional ownership dwellings have all been converted to single family homes and 2015 saw seven new single family homes under construction in the Sanctuary tract.
dWeLLiNG BreAKdoWN CoMPArisoN dec 31 2014
Coach Homes Carriage Homes Villas Arbors Vacation Arbors Vacation townhomes single family Homes Completed single family Homes Under Construction total Homes Completed or u/c
38 12 16 5 15 3 262 52 403
dec 31 2015 38 12 16 11 15 3 332 81 508
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PHAse tHree
In September 2015, HL Development LLC, became the Declarant for Hampton Lake Community and filed a supplement to add 251.5 acres of property with up to 375 additional residential dwelling units to Hampton Lake Community Association. This is commonly referred to as “phase 3” of Hampton Lake’s development. The Declarant plans to expand the lake by about 65 acres and to construct additional amenities in phase 3 as the “Parkside Amenity Center”. This is a significant milestone in the history of Hampton Lake and bodes well for the future. Phase 3 Grand Opening party and ribbon cutting ceremony was held on November 12th, with Bluffton Mayor Lisa Sulka and John Reed officiating.
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Hampton Lake Community Association Annual Report 2015
PHAse tHree
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Member survey
In order to measure member satisfaction, as well as gather data for setting future goals and priorities, the Hampton Lake Member Satisfaction Survey was conducted during the first two weeks of December. The 2015 survey was almost identical to the survey previously conducted in March – April 2014, which was developed with input from the Board of Directors, Hampton Lake Board of Advisors Committee members, and Hampton Lake Management. The survey was designed, developed and deployed by Hampton Lake member Patricia Licata, PhD, owner of Ocean Road Consulting, a professional market research company. Dr. Licata, who is also serving as Chair of the Hampton Lake Board of Advisors, volunteered her time to conduct the survey and prepare reports for members, management, the Board of Directors, and the Hampton Lake Advisory Committees. The survey was sent to 957 Hampton Lake members. Members were able to respond anonymously. The survey consisted of 49 questions, including 11 open-ended questions, covering the full range of amenities, such as the lake, pool, restaurant, and fitness center, as well as key community features, such as security, landscaping, and management. The questions were designed to measure how important each amenity or feature is, as well as how satisfied members were with those features and amenities. Members were also asked to report on how frequently they used each amenity. The survey also included questions designed to determine what changes or additional features and amenities were desired in the future.
High response rate
Although most surveys do not exceed a 20% response rate; the Hampton Lake Member Survey achieved a 53% response rate. The high response rate clearly suggests an engaged and involved membership. As anticipated, the majority of respondents were full time residents: n n n n n n
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66% full time residents 11% part time residents 4.5% lot owners living locally 11% lot owners living long distance .59% owner of a lot or home for sale 5% “Other”
Hampton Lake Community Association Annual Report 2015
Key results
The responses revealed that Hampton Lake owners are generally satisfied with most amenities and community features. Satisfaction with the pool complex and boating on the lake were at 90% or more; the fitness center and security garnered satisfaction levels above 80%. Key areas for improvement include: n n n n n
Menu and service at the restaurant Enforcement of rules. This includes rules at the pool and the fitness center, as well as for parking and speed enforcement. Keeping unauthorized people out of Hampton Lake amenities, particularly the pool Landscaping Fitness Center
The comments indicated a strong consensus that these issues warranted attention. The survey asked for suggestions for improvement, and many were provided, particularly for the restaurant.
However, what was remarkable about the responses was the large number of appreciative and positive comments that were included in the final question, “Please use this space to add any feedback that you have not already provided in any of the previous questions.” For example:
“We love living in Hampton Lake. The staff does a great job managing our community. We enjoy our wonderful neighbors. Looking out the window and viewing all the nature is icing on the cake!”
“We are so happy to be living in Hampton Lake. This is the best community anywhere.”
“Thank you for the opportunity to provide input. Hopefully my comments have been helpful. I wanted to also thank all of our elected representatives. No questions addressed this but I appreciate those who agree to serve. There is definitely no shortage of opinions here so serving can be a challenge. Thanks for all you do.” Comments on most surveys tend to be negative and/or suggestions for improvement and change. Although the Hampton Lake Member Survey contained many suggestions, fully one third of the 150+ responses to this question included expressions of appreciation for Hampton Lake and/or the neighbors who volunteer their time to continually improve Hampton Lake and make it an even better place to live.
Action Planning
The purpose of the Hampton Lake Member Survey was to measure member satisfaction and gather data for setting future goals and priorities. The Board of Advisors and the advisory committees will focus on developing specific action plans related to the priorities identified: access and rules at the pool, the fitness center, landscaping, security, and Backwater Bill’s.
responses shared with the Community
A report containing graphs of the numerical data was shared with all Hampton Lake members. Members were invited to a presentation highlighting the key data and areas of focus. The emphasis of this presentation was to share with members the priorities that the Hampton Lake Advisory Board and committee members will be working on. This presentation, and the survey results, are available on the community website for everyone to view.
Hampton Lake Community Association Annual Report 2015
Hampton Lake Community Association Annual Report 2015
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There is never a dull moment at Hampton Lake! Always plenty of activities, events & social gatherings ... in addition to Backwater Bill’s Restaurant, the pool, amenities center... and our own Lakeside Market!
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Hampton Lake Community Association Annual Report 2015
HAMPtoN LAKe 2015 reAL estAte YeAr iN reVieW
The following information was provided by Board member Chris England and Hampton Lake Realty.
As we look back, 2015 was a year of continued optimism, community growth, and new opportunities for Hampton Lake. Some of the year’s highlights include the launch of several builder neighborhoods, the Phase 3 expansion and conceptual plans for amenity additions and improvements.
Our property owners have so much to be proud of, and there is no doubt that you represent the most friendly, relaxed and engaged group of residents in the area! And with your help, we’ve closed another landmark year of sales, homebuilding, and increasing property values.
sales summary
Total transactions in Hampton Lake ended the year at 228, up from 217 in 2014. The mix of sales included 171 lots, 48 single family homes, and 9 Coach Homes/Villas.
While lot sales increased with many builder sales including 47 in Phase 3 alone, this year saw a decline in total lot sales to end-users, as available lakefront and wooded lot inventory dropped sharply. This can partly be attributed to increased building on unimproved properties thereby decreasing resale inventory. However, the primary factor in low inventory was due to the developer sell-out of Phase 1 & 2 lots. The low supply predictably affected demand, especially for lakefront lot properties, which saw a marked increase in pricing.
Resale inventory for sale remaining at year end was similar to the end of year in 2014 with a total of 34 properties comprised of 13 lakefront and 21 wooded sites.
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2015 sales of Note
Highest home sale: Fishdancer Court sold for $839,000
Highest lot sale (Phase 3): A combined double lot for a total of $436,810 Highest lot sale (Phases 1 & 2): $255,000
Trending Up: 10 lots were sold for $200,000 or higher
Trending Up: The first wooded lot sale over $100,000 since 2007
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Hampton Lake Community Association Annual Report 2015
A historical price trend shows a clear ‘bottom’ of the market in 2012 and clear upward trend of 63% in 3 years on lake lots and 87% on wooded lots.
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3 year trend - reSaLe LOtS SOLd
This graph shows a 3-year trend of resale lots by type. Resale lot sales are down primarily due to diminishing lot inventory in the community as lot owners begin construction or make plans to build homes in the future. Pricing has been bolstered by the limited supply.
In sales to end users, resale lots were dominant as developer lot inventory was very thin. Newer Phase 3 homesites did not come to the market until Fall of 2015.
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Hampton Lake Community Association Annual Report 2015
About 2/3 of lot sales were to builders which follows national and local trends. The appetite for spec home construction is back in full force after a long post-recession hiatus.
3 year trend - SingLe FamiLy HOmeS SOLd
This is perhaps the most impressive statistic in this report. A huge increase in homes sold, i.e., under contract, of over 50% in one year. This is likely attributable to the opening of new product neighborhoods by K. Hovnanian and Pulte which have more accessible price points We expect this trend to continue
3 year trend - SingLe FamiLy HOme PriCeS
The 3-year home price trend (closed homes) shows a strong and steady increase in pricing for completed single-family homes. Over the 3 year period, lake view homes commanded a 30% premium, on average, over wooded views, and a 3 year price increase of just under 10%. Wooded view homes enjoyed a similar increase of approximately 10.5%. Hampton Lake Community Association Annual Report 2015
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Coach Home sales doubled in a single year, and sold quickly, with an average of 64 days on the market above. An increased demand for low maintenance, close proximity to the Lakeside Amenity Center, high quality construction, and lake views likely helped to fuel these sales numbers.
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Hampton Lake Community Association Annual Report 2015
financial report for 2015
Audit of HLCA 2015 financials is being prepared by Independent auditor, Roger K. Elliott, CPA. When completed, the audit report will be published and available to all members as a separate report.
Detailed 2015 End of Year and 4th Quarter financial reports are available on the HLCA web site.
The 2015 financial reports contained herein were prepared by the HLCA Treasurer and Club Comptroller, Brenda Matthews.
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HAMPtoN LAKe CoMMUNitY AssoCiAtioN, iNC. Bluffton, south Carolina financial statements
for the Year ended december 31, 2015
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Contents
PAGe
HLCA Treasurer’s Statement
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Condensed Statement of Financial Condition
36-37
Condensed Statement of Activities
38-39
Hampton Lake Community Association Annual Report 2015
HAMPtoN LAKe CoMMUNitY AssoCiAtioN, iNC. treasurer’s statement February 20, 2016 RE:
2015 End of Year Condensed Statement of Financial Condition and Condensed Statement of Activities
To the best of my knowledge and belief, the attached financial statements for 2015, were prepared on
the basis of generally accepted accounting principles and are true and correct reports of Hampton
Lake Community Association’s finances.
Brenda Matthews
Brenda Matthews Treasurer, Hampton Lake Community Association
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Hampton Lake Community Association, inc. Condensed Statement of Financial Condition * As of December 31, 2015 ASSETS
Current Assets Checking/Savings Operating & CC A/C – NBSC Capital Reserve Working Capital – NBSC Service Area Assessments – NBSC ARB Refundable Deposits Other Misc. Cash Accounts Total Checking / Savings
300,334 624,719 332,382 9,238 637,289 1,910 ____________ 1,905,873
Total Accounts Receivable
1,169,359 22,099 (208,522) ____________ 982,936
Total Other Current Assets
35,532 24,570 11,728 ____________ 71,829
Accounts Receivable Accounts Receivable - Members Accounts Receivable – Other Reserve for Bad Debts Other Current Assets Prepaid Expenses Inventory – Food & Beverage Inventory – Merchandise Total Current Assets
Fixed Assets Property, Plant & Equipment Accumulated Depreciation
2,960,638
Total Fixed Assets
229,119 (21,465) ____________ 207,655
Total Other Assets
12,950 ____________ 12,950
Other Assets Deposits
TOTAL ASSETS
* unaudited
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Dec 31, 2015
Hampton Lake Community Association Annual Report 2015
3,181,242
Hampton Lake Community Association, inc. Condensed Statement of Financial Condition * As of December 31, 2015 LIABILITIES & EQUITY
Liabilities Liabilities Current Liabilities Accounts Payable Accounts Payable
Total Accounts Payable
Other Current Liabilities Prepaid Packages – Tennis/Fitness Gift Certificates Outstanding Prepaid Gatehouse Decals Taxes Payable – Other Due to Working Capital Due to Lake Maintenance Corp Events Deposits Due to Vac Townhome Assoc ARB Compliance Deposits Deferred Svc Area Assessments Deferred Revenue – Member Dues Deferred Revenue – Other Payroll Liabilities Total Other Current Liabilities
Total Current Liabilities
Total Liabilities
Equity
Members Equity – 12/31/14 Net Income
Total Equity
TOTAL LIABILITY & EQUITY
Dec 31, 2015
340,906 ____________ 340,906 13,648 13,401 16,708 23,386 159,308 2,825 28,601 12,939 637,250 16,500 304,511 649,713 19,183 ____________ 1,897,973 ____________ 2,238,878 2,238,878
805,144 137,219 ____________ 942,363 3,181,242
* unaudited Hampton Lake Community Association Annual Report 2015
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Hampton Lake Community Association, inc. Condensed Statement of Activities * January 1 through December 31, 2015 INCOME
Member Dues & Fees Membership Dues Income Working Capital Fees Enhancement Fees Membership Fees Income ARB Fees Other Income
Total Member Dues & Fees
884,394 5,250 190,000 1,255,146 315,275 25,240 ____________ 2,675,305
Total Food & Beverage
380,607 70,664 235,572 (293,979) (425,679) (142,604) ____________ (368,826)
Total Fitness Center & Pool Complex
126,232 (105) (4,795) (222,515) (214,661) ____________ (315,844)
Total Boathouse
54,067 (18,074) (77,346) (78,775) ____________ (120,128)
Food & Beverage F & B ala Carte Revenue F & B Events Revenue F & B Party Revenue F & B Cost of Goods Sold Payroll & Benefits Contract Services
Fitness Center & Pool Complex Revenues Cost of Goods Sold Payroll & Benefits Contract Services - Mgt. Contra Other Expenses
Boathouse Revenue Cost of Goods Sold Payroll & Benefits Other Expenses
Gatehouse Net Income Community Services Net Expense Membership Services Net Expense Lakehouse Net Expense
* unaudited
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Jan - Dec 15, 2015
Hampton Lake Community Association Annual Report 2015
28,188 (759,452) (27,362) (33,102)
Hampton Lake Community Association, inc. Condensed Statement of Activities * January 1 through December 31, 2015 Townhome Rentals Net Income Capital Improvements Expense Capital Reserve Expense Total Income
EXPENSE General & Adm. Expense Total Expense
NET INCOME
Jan - Dec 15, 2015
10,334 0 (361,308) ____________ 727,805 590,585
590,585
137,220
* unaudited
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