Palmer Woods Association
- Assets
- $305.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 02/1937
- Data as of
- 12/2023
- EIN
- 38-0905021
Organization Overview
Palmer Woods Association is located in Detroit, MI. The organization was established in 1937. According to its NTEE Classification (C36) the organization is classified as: Forest Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmer Woods 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 12/2023, Palmer Woods Association generated $156.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $144.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 5 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NEIGHBORHOOD SECURITY BEAUTIFICATION AND CULUTURAL ACTIVITES TO OUR MEMEBERS
Describe the Organization's Program Activity:
Part 3
24 HOUR SECURITY PROVIDED FOR OUR RESIDENTS
COMMON AREAS OF THE NEIGHBORHOOD ARE BEAUTIFIED AND MAINTAINED
STREET SNOW REMOVAL AND PLOWING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sullivan Director | 1 | $0 | |
Eva Garza-Dewaelsche Financial Secretary | 4 | $0 | |
Joshua Ronnebaum Director | 1 | $0 | |
Karoy Brooks Director | 1 | $0 | |
Charles Dickerson III Director | 1 | $0 | |
Ann Smith Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $148,516 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$24,824 |
| Other Revenue | $13,030 |
| Total Revenue | $156,730 |
| 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 | $950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $825 |
| Other expenses | $142,500 |
| Total expenses | $144,275 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $305,291 |
| Other assets | $0 |
| Total assets | $305,291 |
| Total liabilities | $0 |
| Net assets or fund balances | $305,291 |