The information for Lookout Bluff Property Owners Association Inc is as of the organization's most recent filing in December '22. This organization is located in Truro, MA. It has been in existence for 22 years, following its founding in 2000.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Lookout Bluff Property Owners Association Inc's NTEE code is L50. The "L" tells us that the organization is classified along with Housing & Shelter. The "50" tells us that the organization is a Homeowners & Tenants Association. The NTEE describes Homeowners & Tenants Associations as organizations that serve the interests of the community as a whole and provide services which meet the needs of people who own or rent apartments, condominiums, townhomes, mobile home parks, or other housing complexes who are their members. Also included are complexes that are owned collectively by the people who live there. The Lookout Bluff Property Owners Association Inc is also classified under Section 4 of the Internal Revenue Code, which includes Civic Leagues, Social Welfare Organizations, and Local Associations of Employees.
The organization's general fund is responsible for maintaining roads for public use. This includes expenses such as plowing, insurance, taxes, and general upkeep. These specific costs are not reported by any other fund or program.
The Lookout Bluff Property Owners Association Inc experienced a decrease in total revenue from $7.3K in 2021 to $6.8K in 2022. Therefore, it can be concluded that the nonprofit organization did not grow over the given time period.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Dunn President | 10 | $0 | |
Robert Masson Treasurer | 10 | $0 | |
Susan Curry Assistant Treasurer | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $6,700 |
Investment income | $61 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $6,761 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $4,745 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $4,745 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $25,645 |
Other assets | $0 |
Total assets | $87,645 |
Total liabilities | $0 |
Net assets or fund balances | $87,645 |
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