Curtis Point Property Owners Association is located in Mantoloking, NJ. The organization was established in 1993. 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. Curtis Point Property Owners Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Curtis Point Property Owners Association generated $126.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $119.7k during the year ending 12/2021. While expenses have increased by 3.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION CONSISTS OF 142 FULL RESIDENT MEMBERS. THE COMMON PROPERTY CONSISTS OF TENNIS COURTS, A BEACH AND THE FRONT ENTRANCE WAY TO THE COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Fred Farkough Vice President | 0.5 | $0 | |
Joseph Ditrolio Treasurer | 2 | $0 | |
William Cottongim Secretary | 2 | $0 | |
Ed Diaz Trustee | 0.5 | $0 | |
Kevin Dunphy President | 0.5 | $0 | |
Joseph Devito Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $125,900 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $62 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $125,962 |
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 | $12,909 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $106,788 |
Total expenses | $119,697 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $357,693 |
Other assets | $0 |
Total assets | $491,723 |
Total liabilities | $201,085 |
Net assets or fund balances | $290,638 |
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