Newport Ridge Community Association

The information for Newport Ridge Community Association is as of the organization's most recent filing in December '21. This organization is located in Irvine, CA. It has been in existence for 22 years, following its founding in 1999.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Newport Ridge Community Association's NTEE code is L50. The "L" tells us that the organization is classified along with Homeowners & Tenants Associations. The "50" tells us that the organization is focused on Housing & Shelter. The NTEE describes Homeowners & Tenants Associations as organizations that serve the interests of the community as a whole and provide services that meet the needs of people who own or rent apartments, condominiums, townhomes, mobile home parks, or other housing complexes who are their members. These organizations also include complexes that are owned collectively by the people who live there.

This organization is classified under section 4 of the Internal Revenue Code, which includes Civic Leagues, Social Welfare Organizations, and Local Associations of Employees. The IRS describes these organizations as those that serve the common good and general welfare of a specific community.

The mission of the Newport Ridge Community Association is to serve the common good and general welfare of the Newport Beach community. The association provides architectural and landscape control over all the residential real properties and condominium units of the master planned development community through the protective covenants granted to it. The association maintains 736 acres of common area, including parks, slopes, greenbelts, median on public streets, boundary walls and fences, irrigation systems, monument markers, and other open areas. While the association does not provide repairs or maintenance of private residences, condominium units, or apartments, the services provided benefit the entire Newport Ridge community and promote the common good and general welfare of the people in that community. These services and facilities would not otherwise be available to the community.

Program Areas

The Newport Ridge Community Association serves the common good and general welfare of the Newport Beach community. The association provides architectural and landscape control over all residential properties and condominium units in the master planned development community. They maintain 736 acres of common area, including parks, slopes, greenbelts, and irrigation systems. The services provided by the association benefit not only the Newport Ridge community but also surrounding local communities, promoting the common good and general welfare of the people in that area. Without the association, these services and facilities would not be available to the community.

Board Governance

The Newport Ridge Community Association appears to be well-governed based on the information provided. The organization has a small board of 5 voting members, all of whom are independent. This ensures that decisions are made in the best interest of the community without any potential conflicts of interest. The fact that board meetings and committee meetings are documented further demonstrates the organization's commitment to transparency and accountability. This allows for a clear record of discussions and decisions made during these meetings, ensuring that all members are informed and involved in the decision-making process. Although the organization does not have a conflict of interest policy or require disclosure of conflicts, the absence of potential conflicts of interest and the independent nature of the board members suggest that the organization is operating with integrity. While the organization has delegated management to an outside firm, this does not necessarily indicate a lack of governance. It may be a strategic decision to ensure professional management and expertise in running the community association. However, it is worth noting that the organization does not have a written whistleblower policy, document retention policy, or a process to substantiate and review leadership and officer's salaries. These policies and practices are typically considered best practices for non-profit governance and could further enhance the organization's transparency and accountability. Overall, the Newport Ridge Community Association appears to be well-governed, with a focus on transparency and accountability. However, there are areas where the organization could further strengthen its governance practices to ensure the highest level of integrity and effectiveness.

Organization Growth

The Newport Ridge Community Association has experienced growth over the given time period. The program service revenue increased from $951.3K in 2015 to $1.3M in 2021, indicating a positive trend. Additionally, the total revenue also increased from $972.9K in 2015 to $1.3M in 2021. However, it is worth noting that the investment income decreased from $21.6K in 2015 to $6.9K in 2021. Despite this decrease, the overall growth in program service revenue and total revenue suggests that the nonprofit organization has grown over the given time period.