Cherrywood Home Owners Association Inc
- Assets
- $170.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 52-1199964
Organization Overview
Cherrywood Home Owners Association Inc is located in Silver Spring, MD. The organization was established in 1991. 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. Cherrywood Home Owners Association Inc 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, Cherrywood Home Owners Association Inc generated $72.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $55.3k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 7 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
MAINTENANCE AND MANAGEMENT OF THE HOMEOWNERS ASSOCIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann G Strain Director | 1 | $0 | |
Kevin Mahoney Vice President | 1 | $0 | |
James Messimore Director | 1 | $0 | |
Brandon Scherr Director | 1 | $0 | |
Paul Jarosinski President | 6 | $0 | |
Deborah Burton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $70,448 |
| Investment income | $2,500 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,948 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,281 |
| Total expenses | $55,281 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $170,577 |
| Other assets | $0 |
| Total assets | $170,577 |
| Total liabilities | $0 |
| Net assets or fund balances | $170,577 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Building Owners & Managers Association International Washington, DC | $10,066,199 | $10,463,881 |
Pradera Corporation Philadelphia, PA | $3,527,505 | $9,032,798 |
Association Of Home Appliance Manufacturers Washington, DC | $12,645,555 | $8,881,319 |
Cecelia Housing Inc Bethesda, MD | $234,000 | $4,045,313 |
Kingstowne Residential Owners Corporation Alexandria, VA | $8,910,767 | $6,278,825 |
Burke Centre Conservancy Burke, VA | $14,310,013 | $6,077,723 |
The Fairness Project Washington, DC | $1,253,311 | $5,316,361 |
Aquia Harbour Property Owners Association Inc Stafford, VA | $11,909,044 | $4,683,038 |
Stone Ridge Association Inc Stone Ridge, VA | $6,806,491 | $4,345,999 |
Intellectual Property Owners Association Washington, DC | $8,094,765 | $4,784,749 |
Delaware Standardbred Owners Association Inc Dover, DE | $7,923,561 | $1,227,803 |
National Home Infusion Association Alexandria, VA | $2,376,501 | $3,671,992 |