Rutherford Home Owners Association
- Assets
- $1.2m
- Revenue
- $510.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lavallette, NJ
- Founding
- 09/1975
- Data as of
- 10/2022
- EIN
- 23-7413112
Organization Overview
Rutherford Home Owners Association is located in Lavallette, NJ. The organization was established in 1975. 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. Rutherford Home 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 10/2022, Rutherford Home Owners Association generated $510.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $546.4k during the year ending 10/2022. While expenses have increased by 1.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN PROPERTY, OPERATE BEACH & ENFORCE BY-LAWS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF BEACH, MANAGE SOCIAL EVENTS & ENFORCE BY-LAWS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmine Pirone Trustee | OfficerTrustee | 2 | $0 |
Frank Lamonica Trustee | OfficerTrustee | 1 | $0 |
Doreen Driscoll President | Trustee | 3 | $0 |
Laurie Valdetara Secretary | Trustee | 1 | $0 |
Michael D'alessandro Trustee | Trustee | 2 | $0 |
Emil Bobev Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $510,143 |
| 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 | $510,143 |
| Total Program Service Revenue | $24 |
| Investment income | $0 |
| 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 | $510,167 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $933 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $484 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,886 |
| Insurance | $18,128 |
| All other expenses | $10,591 |
| Total functional expenses | $546,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,780 |
| Savings and temporary cash investments | $115,002 |
| Pledges and grants receivable | $37,289 |
| Accounts receivable, net | $0 |
| 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 | $113,699 |
| Net Land, buildings, and equipment | $376,236 |
| Investments—publicly traded securities | $277,554 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,180,560 |
| Accounts payable and accrued expenses | $18,310 |
| 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 | $18,310 |
| Net assets without donor restrictions | $1,162,250 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,180,560 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miriam Osborn Memorial Home Association Rye, NY | $165,989,645 | $45,008,516 |
Meadows Standardbred Owners Association Meadow Lands, PA | $2,546,597 | $10,372,771 |
Womens Prison Association And Home New York, NY | $6,652,586 | $9,309,545 |
Pradera Corporation Philadelphia, PA | $3,527,505 | $9,032,798 |
Homes For The Homeless Institute Inc New York, NY | $69,885,275 | $9,054,313 |
Delaware Standardbred Owners Association Inc Dover, DE | $7,923,561 | $1,227,803 |
Bucks County Housing Group Inc Warminster, PA | $3,270,461 | $3,883,677 |
Monmouth Council No 9 Civil Service Association Housing Corporation Asbury Park, NJ | $13,033,199 | $4,484,843 |
Allentown Bnai Brith Housing Corp Allentown, PA | $7,631,458 | $3,117,871 |
Urban Homeownership Corp New York, NY | $1,496,101 | $1,881,775 |
Building Owners And Managers Association Of Greater New York B New York, NY | $3,005,269 | $2,303,444 |
Joseph M Dassern Housing Corporation Dobbs Ferry, NY | $2,857,520 | $1,210,558 |