Brookwood Musconetcong River Property Owners Association
- Assets
- $1.0m
- Revenue
- $245.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Stanhope, NJ
- Founding
- 04/1963
- Data as of
- 04/2022
- EIN
- 22-6065318
Organization Overview
Brookwood Musconetcong River Property Owners Association, operating under the name West Brookwood Water Company, is located in Stanhope, NJ. The organization was established in 1963. 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 04/2022, West Brookwood Water Company employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Brookwood Water Company 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, West Brookwood Water Company generated $245.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $352.2k during the year ending 04/2022. 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
THE ORGANIZATION PROMOTES SOCIAL/RECREATIONAL INTERESTS AND THE GENERAL WELFARE OF ITS MEMBERS WITH SOCIAL EVENTS/BEAUTIFICATION OF THE COMMON GROUNDS. IT ALSO PROVIDES METERED WATER SERVICE, IT MAINTAINS THE WATER SYSTEM AND TESTS/MONITORS THE WATER QUALITY TO 420 FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER WAS PROVIDED FOR THE ENTIRE YEAR, THE QUALITY WAS MAINTAINED TO FEDERAL AND STATE STANDARDS, REPAIRS OF THE AGING WATER LINES WAS MAINTAINED AS WELL AS PURCHASES OF NEW RADIO READS AND METERS ETC., ALL TO KEEP THE WATER SYSTEM INTACT AND SECURE.
THE ASSOCIATION PROVIDED THE BEAUTIFICATION AND SOCIAL EVENTS TO PROMOTE A SENSE OF COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Kostiuk V President | Officer | 4 | $0 |
David Pinkham Secretary | Officer | 4 | $0 |
Janice Drace Treasurer | Officer | 4 | $0 |
Masoud Joudi President | Officer | 4 | $0 |
Ignacio Ciresi Governor | Trustee | 4 | $0 |
David Wink Governor | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,500 |
| 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 | $11,500 |
| Total Program Service Revenue | $232,531 |
| Investment income | $35 |
| 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 | $245,475 |
| 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 | $57,811 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,900 |
| Advertising and promotion | $2,239 |
| Office expenses | $3,620 |
| Information technology | $9,268 |
| Royalties | $0 |
| Occupancy | $3,864 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,461 |
| Insurance | $21,749 |
| All other expenses | $500 |
| Total functional expenses | $352,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,497 |
| Savings and temporary cash investments | $50,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,740 |
| 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 | $788,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,472 |
| Total assets | $1,027,452 |
| Accounts payable and accrued expenses | $3,757 |
| 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 | $66,705 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $70,462 |
| Net assets without donor restrictions | $0 |
| 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 | $956,990 |
| Total liabilities and net assets/fund balances | $1,027,452 |
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