Anchorage Residents Association Inc
- Assets
- $89.2k
- Revenue
- $60.7k
- Investments
- $0.0
- Employees
- 4
- Location
- New Rochelle, NY
- Founding
- 03/1970
- Data as of
- 12/2022
- EIN
- 13-2647330
Organization Overview
Anchorage Residents Association Inc is located in New Rochelle, NY. The organization was established in 1970. As of 12/2022, Anchorage Residents Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage Residents Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Anchorage Residents Association Inc generated $60.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $60.8k during the year ending 12/2022. While expenses have increased by 0.4% per year over the past 8 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
THIS IS AN ASSOCIATION FOR THE BENEFIT OF THE HOMEOWNERS; 33 HOUSES PAY DUES FOR THE MAINTENANCE OF THE COMMON FACILITIES SUCH AS THE POOL & MARINA WHICH ARE DEEDED AT PURCHASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS IS AN ASSOCIATION FOR THE BENEFIT OF THE HOMEOWNERS; 33 HOUSES PAY DUES FOR THE MAINTENANCE OF THE COMMON FACILITIES SUCH AS THE POOL & MARINA WHICH ARE DEEDED AT PURCHASE.
THIS IS AN ASSOCIATION FOR THE BENEFIT OF THE HOMEOWNERS; 33 HOUSES PAY DUES FOR THE MAINTENANCE OF THE COMMON FACILITIES SUCH AS THE POOL & MARINA WHICH ARE DEEDED AT PURCHASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Alexiou Vice Preside | OfficerTrustee | $0 | |
Albert Burchman President | OfficerTrustee | $0 | |
Robert Dignelli Director | Trustee | $0 | |
Erich Hoffman Director | Trustee | $0 | |
Anna Magnoli Secretary | Trustee | $0 | |
Tom Martin Treasurer | Trustee | $0 |
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 | $60,670 |
| Investment income | $0 |
| 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 | $60,670 |
| 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 | $10,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,265 |
| Fees for services: Management | $585 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,253 |
| Advertising and promotion | $0 |
| Office expenses | $22,680 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,730 |
| 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 | $10,809 |
| All other expenses | $0 |
| Total functional expenses | $60,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,194 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $89,194 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $89,194 |
| 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 | $89,194 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas Manor Association Inc East Meadow, NY | $587,052 | $457,000 |
Mastic Beach Property Owners Association Inc Mastic Beach, NY | $460,965 | $292,963 |
Neponsit Property Owners Association Inc Neponsit, NY | $151,450 | $0 |
Anchorage Residents Association Inc New Rochelle, NY | $89,194 | $60,670 |
Brownsville Nehemiah Homeowners Association Brooklyn, NY | $284,468 | $0 |
Boston Committee Of The Garden Club America Inc Chestnut Hill, MA | $69,996 | $0 |