Association Of Owners Of Mill Neck Estates Inc is located in Bellmore, NY. The organization was established in 1987. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Owners Of Mill Neck Estates 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 04/2022, Association Of Owners Of Mill Neck Estates Inc generated $241.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $214.5k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (23.5%) per year over the past 6 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FOR MAINTENANCE AND REPAIRS OF COMMUNITY ROADS, BEACHES AND WATER SYSTEMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND REPAIRS OF COMMUNITY ROADS, BEACHES AND WATER SYSTEMS
OPERATING EXPENSES OF ENTITY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edward Basmajian President/treasurer | Officer | 0 | $0 |
Heidi Hohmann Treasurer | Officer | 0 | $0 |
John Tabako Vice President | Officer | 0 | $0 |
Peter Moran Secretary | Officer | 0 | $0 |
Brian Pickering Road Commissioner | Trustee | 0 | $0 |
Joseph Pollaci Beach Commissioner | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $241,361 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $241,361 |
Total Program Service Revenue | $0 |
Investment income | $235 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $241,596 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $20,076 |
Fees for services: Legal | $5,880 |
Fees for services: Accounting | $5,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,438 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $15,057 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $53,308 |
Insurance | $7,978 |
All other expenses | $0 |
Total functional expenses | $214,513 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $141,641 |
Savings and temporary cash investments | $151,572 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $17,408 |
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 | $11,742 |
Net Land, buildings, and equipment | $754,055 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,076,418 |
Accounts payable and accrued expenses | $16,737 |
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 | $349,318 |
Other liabilities | $18,051 |
Total liabilities | $384,106 |
Net assets without donor restrictions | $692,312 |
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 | $1,076,418 |
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