Highland Shores Property Owners Association
- Assets
- $225.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wonder Lake, IL
- Founding
- 10/1977
- Data as of
- 12/2022
- EIN
- 36-6472643
Organization Overview
Highland Shores Property Owners Association is located in Wonder Lake, IL. The organization was established in 1977. 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. Highland Shores Property Owners Association 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 12/2022, Highland Shores Property Owners Association generated $104.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $90.2k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ROAD AND COMMON AREA MAINTENANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Freeman President | 2 | $0 | |
Jim Clem 1st Vice President | 2 | $0 | |
Heidi Jorudd Treasurer | 2 | $0 | |
Dennis Gravel Road Commissioner | 2 | $0 | |
Tracy Tantillow Secretary | 2 | $0 | |
Tammy Sorg Public Relations | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,541 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,325 |
| Total Revenue | $104,866 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,307 |
| Professional fees and other payments to independent contractors | $2,450 |
| Occupancy, rent, utilities, and maintenance | $8,569 |
| Printing, publications, postage, and shipping | $1,141 |
| Other expenses | $65,749 |
| Total expenses | $90,216 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,647 |
| Other assets | $0 |
| Total assets | $225,086 |
| Total liabilities | $97 |
| Net assets or fund balances | $224,989 |
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