Talega Maintenance Corporation
- Assets
- $19.2m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 12/2000
- Data as of
- 03/2023
- EIN
- 33-0863898
Organization Overview
Talega Maintenance Corporation is located in Irvine, CA. The organization was established in 2000. 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. Talega Maintenance Corporation 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 03/2023, Talega Maintenance Corporation generated $9.9m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $9.9m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 3 years. 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 COMMUNITY PARK/GREENBELT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUE TO ENHANCE AND MAINTAIN COMMUNITY PARK, RECREATION AND GREENBELT AREAS FOR THIS DEVELOPING COMMUNITY IN SAN CLEMENTE, CALIFORNIA, WHICH WILL EVENTUALLY INCLUDE APPROXIMATELY 4,800 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Ewell Vice Preside | Officer | 3 | $0 |
Taylor Florence Treasurer | Officer | 3 | $0 |
Philip Harris Secretary | Officer | 3 | $0 |
Serge Jonnaert Vice Preside | Officer | 3 | $0 |
Dennis Kamp President | Officer | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkwest Landscape Mgmt Landscape | 3/30/23 | $3,940,317 |
Firstservice Residential California Management | 3/30/23 | $1,409,676 |
Pilot Painting & Construction Painting | 3/30/23 | $518,966 |
Park West Tree Care Inc Tree Maintenanc | 3/30/23 | $476,010 |
Simply Pools Inc Pool Serv | 3/30/23 | $225,745 |
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 | $9,471,021 |
| Investment income | $323,034 |
| 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 | $9,868,077 |
| 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 | $448,773 |
| Fees for services: Legal | $102,776 |
| Fees for services: Accounting | $3,375 |
| 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 | $221,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $257,289 |
| All other expenses | $2,753,193 |
| Total functional expenses | $9,898,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,648 |
| Savings and temporary cash investments | $18,061,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,408 |
| 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 | $292,401 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,794 |
| Total assets | $19,201,032 |
| Accounts payable and accrued expenses | $567,774 |
| Grants payable | $0 |
| Deferred revenue | $244,902 |
| 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 | $1,100 |
| Total liabilities | $813,776 |
| Net assets without donor restrictions | $1,153,488 |
| Net assets with donor restrictions | $17,233,768 |
| 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 | $19,201,032 |