Stone Ridge Association Inc
- Assets
- $6.9m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Stone Ridge, VA
- Founding
- Data as of
- 12/2022
- EIN
- 11-3672574
Organization Overview
Stone Ridge Association Inc is located in Stone Ridge, VA. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Stone Ridge Association Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stone Ridge 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 12/2022, Stone Ridge Association Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE OF COMMON PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCATION WAS ORGANIZED TO COLLECTIVELY MAINTAIN AND PRESERVE THE COMMONLY OWNED PROPERTY AND AMENITIES FOR THE PLEASURE AND BENEFIT OF THE GENERAL PUBLIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Harrover Director | Trustee | 0 | $0 |
Christine Nader Director | Trustee | 0 | $0 |
Christopher Kimrey Director | Trustee | 0 | $0 |
Michael Rhodes President | Officer | 0 | $0 |
Madhava Madireddy Vice-President | Officer | 0 | $0 |
Jamel Sparkes Treasurer | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heritage Landscape Services Llc Landscaping | 12/30/22 | $1,036,141 |
Patriot Disposal Trash Removal | 12/30/22 | $822,102 |
Nv Pools Inc Pool Service | 12/30/22 | $388,820 |
Sfmc Inc Management | 12/30/22 | $132,889 |
Novec Electric Svs | 12/30/22 | $108,939 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,260,622 |
| Investment income | $89,120 |
| 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 | $4,492,560 |
| 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 | $584,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $198,125 |
| Payroll taxes | $58,477 |
| Fees for services: Management | $125,647 |
| Fees for services: Legal | $21,185 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $286,720 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,941 |
| Insurance | $40,589 |
| All other expenses | $650,938 |
| Total functional expenses | $4,366,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,682 |
| Savings and temporary cash investments | $6,703,513 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,907 |
| 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 | $91,903 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,921,005 |
| Accounts payable and accrued expenses | $64,391 |
| Grants payable | $0 |
| Deferred revenue | $183,864 |
| 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 | $0 |
| Total liabilities | $248,255 |
| Net assets without donor restrictions | $138,141 |
| Net assets with donor restrictions | $6,534,609 |
| 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 | $6,921,005 |