Wells Homeowners Association Inc is located in Peru, IN. The organization was established in 1995. 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. Wells Homeowners Association Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Wells Homeowners Association Inc generated $19.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $11.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WATER ASSETS REPAIRED AND IMPROVED; MONTHLY WATER SERVICE PROVIDED TO SUBDIVISION RESIDENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Wayne Brumbaugh President | 1 | $0 | |
Genny Weaver Treasurer | 1 | $0 | |
Justin Mcgee Vice Preside | 1 | $0 | |
Diane Edgerton Secretary | 1 | $0 | |
Steve Salazar Board Member | 1 | $0 | |
Rober Rhodes Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $19,530 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $19,530 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $870 |
Occupancy, rent, utilities, and maintenance | $1,233 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $9,098 |
Total expenses | $11,201 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $46,562 |
Other assets | $0 |
Total assets | $55,596 |
Total liabilities | $921 |
Net assets or fund balances | $54,675 |
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