Friendly Acres Community Assoc Inc is located in Frederick, MD. The organization was established in 2009. 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. Friendly Acres Community Assoc 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, Friendly Acres Community Assoc Inc generated $35.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $35.1k during the year ending 12/2022. While expenses have increased by 5.5% 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
PROGRAM EXPENSES TO ACHIEVE THE GOAL OF THE ORGANIZATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christie Bonacci President | 2 | $0 | |
Kendra Clayton Vice President | 2 | $0 | |
Cheryl Cave Treasurer | 2 | $0 | |
Patti Chalkley Secretary | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $34,791 |
Investment income | $227 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $35,018 |
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 | $9,545 |
Occupancy, rent, utilities, and maintenance | $24,002 |
Printing, publications, postage, and shipping | $101 |
Other expenses | $1,464 |
Total expenses | $35,112 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $41,630 |
Other assets | $0 |
Total assets | $41,630 |
Total liabilities | $0 |
Net assets or fund balances | $41,630 |
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