Mastic Beach Property Owners Association Inc
- Assets
- $473.4k
- Revenue
- $305.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Mastic Beach, NY
- Founding
- 12/1987
- Data as of
- 12/2021
- EIN
- 11-1806996
Organization Overview
Mastic Beach Property Owners Association Inc is located in Mastic Beach, NY. The organization was established in 1987. As of 12/2021, Mastic Beach Property Owners Association Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mastic Beach Property Owners Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Mastic Beach Property Owners Association Inc generated $305.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $230.9k during the year ending 12/2021. While expenses have increased by 15.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING ABOUT A MORE NIEGHBORLY FEELING AMONG MEMBERS, KEEP UP THE WATERFRONT, IMPROVE THE ROADS AND BEACHES AND MAINTAIN THE PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARINA RENTAL TO ALL RESIDENTIAL AND ASSOCIATE MEMBERS WHO WISH TO RENTAL A BOAT SLIP FOR THE SEASON.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Wilkinson Director | Trustee | 1 | $10,543 |
Kevin Collins Director | Trustee | 1 | $7,350 |
Victor Viola Treasurer | OfficerTrustee | 20 | $0 |
Frank Delostro President | OfficerTrustee | 3 | $0 |
Lynne Debona Financial Secretary | OfficerTrustee | 3 | $0 |
Linda Bartolomeo Recording Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,188 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,400 |
| Total Program Service Revenue | $231,427 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,735 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,365 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,493 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,350 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,882 |
| Advertising and promotion | $0 |
| Office expenses | $7,798 |
| Information technology | $3,301 |
| Royalties | $0 |
| Occupancy | $34,795 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,349 |
| All other expenses | $4,452 |
| Total functional expenses | $230,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,188 |
| Savings and temporary cash investments | $187,767 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,889 |
| Net Land, buildings, and equipment | $256,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $473,353 |
| Accounts payable and accrued expenses | $1,790 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,348 |
| Total liabilities | $92,138 |
| Net assets without donor restrictions | $381,215 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $473,353 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas Manor Association Inc Uniondale, NY | $620,814 | $436,678 |
Mastic Beach Property Owners Association Inc Mastic Beach, NY | $473,353 | $305,029 |
Nehemiah Homeowners Association Inc Brooklyn, NY | $221,975 | $0 |
Anchorage Residents Association Inc New Rochelle, NY | $90,098 | $56,067 |
Neponsit Property Owners Association Inc Neponsit, NY | $149,269 | $0 |
Boston Committee Of The Garden Club America Inc Chestnut Hill, MA | $59,966 | $0 |