Csl Community Association Inc
- Assets
- $5.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- North Vernon, IN
- Founding
- 12/2010
- Data as of
- 12/2023
- EIN
- 23-7388359
Organization Overview
Csl Community Association Inc is located in North Vernon, IN. The organization was established in 2010. 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 12/2023, Csl Community Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Csl Community Association Inc 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 12/2023, Csl Community Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN AND IMPROVE THE COMMON REAL PROPERTY FOR THE ENJOYMENT OF THE MEMBERS AND GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PRESERVES AND MAINTAINS 6 LAKES, A DAM, A CLUBHOUSE, BOAT DOCKS, A BAIT SHOP, BEACH, BASKETBALL COURT, PAVILION AND PLAYGROUND. THE ASSOCIATION CONSISTS OF 4,006 LOTS. THERE ARE APPROXIMATELY 1,200 LOT OWNERS OF THE ASSOCIATION. IN ADDITION, THE ASSOCIATION HAS APPROXIMATELY 2,200 ASSOCIATE MEMBERS. THE BY-LAWS DEFINE ASSOCIATE MEMBERS AS A SPOUSE, CHILDREN, FAMILY MEMBERS AND RELATIVES, GUESTS, OR SIGNIFICANT OTHERS OF A LOT OWNER LIVING ON ANY LOT AT THE SAME TIME OR WITH THE LOT OWNER. THEY CAN PARTICIPATE ON ANY ACTIVE COMMITTEE AND HAVE THE RIGHT AND PRIVELEGE TO USE THE COMMON AMENITIES.
THE CLUBHOUSE, BAIT SHOP, AND DOCKS ON THE COMMUNITY PROPERTY ARE AVAILABLE TO THE GENERAL PUBLIC. REVENUE IS GENERATED FROM THE RENTAL OF THESE FACILITIES. CURRENTLY THE RESTAURANT AREA IN THE CLUBHOUSE IS BEING DONATED TO LOCAL AND STATE POLICE FOR USE AS A SPACE TO WORK FROM. A VENDING MACHINE IS ALSO AVAILBALE FOR PUBLIC USE. THE ASSOCIATION CONTRACTS WITH A SUPPLIER TO MAINTAIN AND FILL THE VENDING MACHINES FOR PUBLIC USE. THESE AMENITIES ENHANCE THE ENJOYMENT OF THE COMMUNITY PROPERTY AND PROVIDE CONVENIENCE TO THE MEMBERS AND GENERAL PUBLIC.
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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 | $1,158,204 |
| Investment income | $13,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $500 |
| Net Gain/Loss on Asset Sales | -$33,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,139,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,000 |
| 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. | $94,605 |
| Compensation of current officers, directors, key employees. | $18,921 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,957 |
| Fees for services: Accounting | $4,726 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,997 |
| Advertising and promotion | $1,070 |
| Office expenses | $44,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,766 |
| Travel | $15,949 |
| 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 | $72,123 |
| Insurance | $82,401 |
| All other expenses | $1,529 |
| Total functional expenses | $1,411,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,234 |
| Savings and temporary cash investments | $383,328 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,154,562 |
| 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 | $1,228,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,404,815 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,270,082 |
| 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 | $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 | $5,270,082 |
| Total liabilities and net assets/fund balances | $5,270,082 |