Granite Farms Estates Residents Association
- Assets
- $106.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Media, PA
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 23-2498836
Organization Overview
Granite Farms Estates Residents Association is located in Media, PA. The organization was established in 2001. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granite Farms Estates Residents Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Granite Farms Estates Residents Association generated $104.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $89.4k during the year ending 12/2022. While expenses have increased by 4.2% 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
2022
Describe the Organization's Program Activity:
Part 3
LINE 28: PROVIDED LIAISON BETWEEN THE SENIOR CITIZENS OF THE GRANITE FARMS ESTATES COMMUNITY AND ITS OWNER/OPERATOR. FACILITATED PROPER OPERATION AND FUNCTIONING TO IMPROVE RESIDENTS' HEALTH, SAFETY AND WELFARE. ALL RESIDENTS BENEFITTED. LINE 29: HELPED PROVIDE RECREATIONAL AND OTHER ACTIVITIES FOR THE COMMUNITY'S SENIOR RESIDENTS. COMMITTEES WERE FORMED AS NEEDED TO HELP ORGANIZE AND CARRY OUT SPECIFIC ACTIVITIES. ALL RESIDENTS ARE POTENTIALLY ABLE TO PARTICIPATE. LINE 30: RAISED FUNDS BY COLLECTING VOLUNTARY MEMBERSHIP DUES AND BY HOLDING BAZAARS, BAKE SALES AND SIMILAR ACTIVITIES THAT ARE VOLUNTEER-ORGANIZED AND CARRIED OUT. FUNDS ARE USED FOR THE BETTERMENT OF SENIOR RESIDENTS, AND ALSO FOR CHARITABLE GIVING. THE MAJORITY OF RESIDENTS PARTICIPATED; PARTICIPATION WAS OPEN TO ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Golderer President | 15 | $0 | |
Eileen Mccomb Vice President | 10 | $0 | |
Bill Kussmaul Treasurer | 4 | $0 | |
Dan Newell Secretary | 6 | $0 | |
Chris Schwemm Asst Treasurer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,656 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,200 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $104,002 |
| 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 | $5,633 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,337 |
| Total expenses | $89,430 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,410 |
| Other assets | $0 |
| Total assets | $106,410 |
| Total liabilities | $0 |
| Net assets or fund balances | $106,410 |
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