Villa Fontana Homeowners Association is located in Sterling Heights, MI. The organization was established in 2003. 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. Villa Fontana Homeowners 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, Villa Fontana Homeowners Association generated $72.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $41.8k during the year ending 12/2023. 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 Program Activity:
Part 3
MAINTENANCE AND REPAIRS OF COMMON AREAS OWNED BY THE ASSOCIATION INCLUDING THE RETENTION POND, FOUNTAINS, CUL DE SAC, ISLANDS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Darovitz President | 0 | $0 | |
Jason Harless Treasurer | 0 | $0 | |
Vanita Sims Director | 0 | $0 | |
Justin Smith Secretary | 0 | $0 | |
Vicki Mach Agent | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $72,379 |
Investment income | $244 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $72,623 |
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 | $650 |
Occupancy, rent, utilities, and maintenance | $29,606 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $11,514 |
Total expenses | $41,770 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $93,289 |
Other assets | $0 |
Total assets | $97,089 |
Total liabilities | $2,098 |
Net assets or fund balances | $94,991 |