R-Ranch Property Owners Association
- Assets
- $4.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Hornbrook, CA
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 23-7270611
Organization Overview
R-Ranch Property Owners Association is located in Hornbrook, CA. The organization was established in 1988. 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 12/2021, R-Ranch Property Owners Association employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R-Ranch 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, R-Ranch Property Owners Association generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
R-RANCH PROPERTY OWNERS' ASSOCIATION CONSISTS OF 2,500 MEMBERSHIPS, WHICH SHARE A 5,119-ACRE PRIVATE RECREATIONAL PROPERTY, LOCATED NEAR HORNBROOK, CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
R-RANCH PROPERTY OWNERS' ASSOCIATION CONSISTS OF 2,500 MEMBERSHIPS, WHICH SHARE A 5,119-ACRE PRIVATE RECREATIONAL PROPERTY, LOCATED NEAR HORNBROOK, CA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Hancock Treasurer | OfficerTrustee | 2 | $17,973 |
Don Fukushima 3rd VP | OfficerTrustee | 2 | $0 |
Emilie Simmons Secretary | OfficerTrustee | 2 | $0 |
Jay Adams 4th VP | OfficerTrustee | 2 | $0 |
Heath Kauffman General Manager | OfficerTrustee | 2 | $0 |
Mark Osborne President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,200 |
| 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 | $97,200 |
| Total Program Service Revenue | $1,656,696 |
| Investment income | $7,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,782,805 |
| 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. | $17,973 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $449,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,760 |
| Payroll taxes | $53,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,981 |
| Fees for services: Accounting | $13,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $46,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $202,580 |
| Travel | $1,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,725 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,310 |
| Insurance | $93,344 |
| All other expenses | $115,312 |
| Total functional expenses | $1,997,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,141 |
| Savings and temporary cash investments | $2,831,964 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,174 |
| 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 | $63,748 |
| Investments—publicly traded securities | $500,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $928,341 |
| Total assets | $4,601,368 |
| Accounts payable and accrued expenses | $116,802 |
| Grants payable | $0 |
| Deferred revenue | $430,365 |
| 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 | $16,142 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $372,437 |
| Total liabilities | $935,746 |
| 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 | $3,665,622 |
| Total liabilities and net assets/fund balances | $4,601,368 |
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