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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>PEDRO QUEZADA</PersonNm>
        <TitleTxt>EMPLOYEE</TitleTxt>
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        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
        <ReportableCompFromOrgAmt>110885</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>355</OtherCompensationAmt>
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      <TotalReportableCompFromOrgAmt>217392</TotalReportableCompFromOrgAmt>
      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>4848</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>2</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>0</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>0</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <CntrctRcvdGreaterThan100KCnt>0</CntrctRcvdGreaterThan100KCnt>
      <MembershipDuesAmt>1743734</MembershipDuesAmt>
      <TotalContributionsAmt>1743734</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>SLIP RENTALS</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>2312029</TotalRevenueColumnAmt>
        <ExclusionAmt>2312029</ExclusionAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>FOOD OPERATIONS</Desc>
        <BusinessCd>900099</BusinessCd>
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        <ExclusionAmt>1457288</ExclusionAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>LIVEBOARDS</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>70609</TotalRevenueColumnAmt>
        <ExclusionAmt>70609</ExclusionAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>DRY STORAGE</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>56842</TotalRevenueColumnAmt>
        <ExclusionAmt>56842</ExclusionAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>LOCKER RENTALS</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>39206</TotalRevenueColumnAmt>
        <ExclusionAmt>39206</ExclusionAmt>
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        <ExclusionAmt>98494</ExclusionAmt>
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      <InvestmentIncomeGrp>
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        <UnrelatedBusinessRevenueAmt>76001</UnrelatedBusinessRevenueAmt>
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      <TotalRevenueGrp>
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        <RelatedOrExemptFuncIncomeAmt>0</RelatedOrExemptFuncIncomeAmt>
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        <ExclusionAmt>4034468</ExclusionAmt>
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      <OtherSalariesAndWagesGrp>
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      </OtherSalariesAndWagesGrp>
      <PensionPlanContributionsGrp>
        <TotalAmt>70004</TotalAmt>
      </PensionPlanContributionsGrp>
      <OtherEmployeeBenefitsGrp>
        <TotalAmt>34796</TotalAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>36828</TotalAmt>
      </PayrollTaxesGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>121101</TotalAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>34870</TotalAmt>
      </FeesForServicesAccountingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>217471</TotalAmt>
      </OfficeExpensesGrp>
      <OccupancyGrp>
        <TotalAmt>1446315</TotalAmt>
      </OccupancyGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>221614</TotalAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>351062</TotalAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>FOOD OPERATIONS</Desc>
        <TotalAmt>1672516</TotalAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>REPAIRS &amp; MAINTENANCE</Desc>
        <TotalAmt>980873</TotalAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>COMMITTEES</Desc>
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      <OtherExpensesGrp>
        <Desc>CAT HARBOR</Desc>
        <TotalAmt>163766</TotalAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>307649</TotalAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>6448165</TotalAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
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        <EOYAmt>868795</EOYAmt>
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      <AccountsReceivableGrp>
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        <EOYAmt>205303</EOYAmt>
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        <EOYAmt>361536</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>10325597</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>7047823</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
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        <EOYAmt>3277774</EOYAmt>
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      <InvestmentsOtherSecuritiesGrp>
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        <EOYAmt>2316287</EOYAmt>
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        <EOYAmt>6238353</EOYAmt>
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      <TotalAssetsGrp>
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        <EOYAmt>13268048</EOYAmt>
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      <AccountsPayableAccrExpnssGrp>
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        <EOYAmt>566525</EOYAmt>
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        <BOYAmt>6232457</BOYAmt>
        <EOYAmt>5770877</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>6743264</BOYAmt>
        <EOYAmt>6340975</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
      <CapStkTrPrinCurrentFundsGrp>
        <BOYAmt>1000</BOYAmt>
        <EOYAmt>1000</EOYAmt>
      </CapStkTrPrinCurrentFundsGrp>
      <PdInCapSrplsLandBldgEqpFundGrp>
        <BOYAmt>2491575</BOYAmt>
        <EOYAmt>2545450</EOYAmt>
      </PdInCapSrplsLandBldgEqpFundGrp>
      <RtnEarnEndowmentIncmOthFndsGrp>
        <BOYAmt>4929576</BOYAmt>
        <EOYAmt>4380623</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>7422151</BOYAmt>
        <EOYAmt>6927073</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>14165415</BOYAmt>
        <EOYAmt>13268048</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>-593962</ReconcilationRevenueExpnssAmt>
      <PriorPeriodAdjustmentsAmt>-201666</PriorPeriodAdjustmentsAmt>
      <OtherChangesInNetAssetsAmt>300550</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>1</AccountantCompileOrReviewInd>
      <AcctCompileOrReviewBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </AcctCompileOrReviewBasisGrp>
      <FSAuditedInd>0</FSAuditedInd>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>3858385</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>2591685</DepreciationAmt>
        <BookValueAmt>1266700</BookValueAmt>
      </BuildingsGrp>
      <LeaseholdImprovementsGrp>
        <OtherCostOrOtherBasisAmt>4782466</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>3711123</DepreciationAmt>
        <BookValueAmt>1071343</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>602471</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>266377</DepreciationAmt>
        <BookValueAmt>336094</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
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        <DepreciationAmt>478638</DepreciationAmt>
        <BookValueAmt>603637</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>3277774</TotalBookValueLandBuildingsAmt>
      <OtherSecuritiesGrp>
        <Desc>INVESTMENTS - HELD TO MATURITY</Desc>
        <BookValueAmt>2316287</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
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      <TotalBookValueSecuritiesAmt>2316287</TotalBookValueSecuritiesAmt>
      <OtherAssetsOrgGrp>
        <Desc>OTHER ASSETS</Desc>
        <BookValueAmt>29094</BookValueAmt>
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      <OtherAssetsOrgGrp>
        <Desc>RESTRICTED CASH</Desc>
        <BookValueAmt>339179</BookValueAmt>
      </OtherAssetsOrgGrp>
      <OtherAssetsOrgGrp>
        <Desc>RIGHT OF USE_LEASE</Desc>
        <BookValueAmt>5870080</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>6238353</TotalBookValueOtherAssetsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>DEPOSIT</Desc>
        <Amt>178875</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>LEASE LIABILITY</Desc>
        <Amt>5592002</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>5770877</TotalLiabilityAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>VOTING BOARD MEMBER SUSAN ARTOF IS THE WIFE OF NON-VOTING BOARD MEMBER PAUL ARTOF.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>FLAG MEMBERS ARE THE STOCKHOLDERS, DETAILS AVAILABLE ON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>STOCKHOLDERS ELECT THE BOARD MEMBERS, BOARD ELECTS OFFICERS AND RATIFY BOARD APPOINTMENTS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>FINANCIAL DECISIONS ABOVE SET LIMITS REQUIRE SHAREHOLDERS APPROVAL. DETAILS AVAILABLE ON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM IS REVIEWED BY THE TREASURER. FOLLOWING REVIEW BY THE TREASURER THE MARKED-UP FORM IS PROVIDED TO THE COMMODORES FOR REVIEW. AT ANY TIME DURING THE REVIEW PROCESS THE FORM IS AVAILABLE TO ANY DIRECTOR UPON REQUEST. UPON COMPLETION OF THE UPDATES NOTED REVIEW BY THE CLUB'S OFFICERS IT IS AVAILABLE FOR SUBMISSION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORMS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>INTERMEDIATE MEMBERS' CONTRIBUTIONS TOWARDS FLAG MEMBERSHIPS 1,600. NEW MEMBERSHIP CONTRIBUTIONS 298,950.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>