Village Of Oak Grove Homeowners Association Inc
- Assets
- $81.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 52-1708521
Organization Overview
Village Of Oak Grove Homeowners Association Inc is located in Washington, DC. The organization was established in 1992. 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. Village Of Oak Grove Homeowners 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, Village Of Oak Grove Homeowners Association Inc generated $73.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $76.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 3 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
2022
Describe the Organization's Program Activity:
Part 3
THE HOA PROVIDES MAJOR MAINTENANCE OF COMMON ELEMENTS WITHIN THE COMMUNITY OF 295 RESIDENTIAL UNITS. EXPENSES INCURRED ARE FOR PROPERTY MANAGEMENT FEES, PROPERTY MAINTENANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Sanders Vice President | 10 | $0 | |
Romaine Wilkens President | 10 | $0 | |
Betty Griffin Secretary | 10 | $0 | |
Sheila Russell Treasurer | 10 | $0 | |
Stewart Benson Director | 10 | $0 | |
Gradie Stevenson Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $73,750 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,750 |
| 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 | $16,707 |
| Occupancy, rent, utilities, and maintenance | $53,365 |
| Printing, publications, postage, and shipping | $1,378 |
| Other expenses | $4,664 |
| Total expenses | $76,114 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,032 |
| Other assets | $0 |
| Total assets | $81,097 |
| Total liabilities | $1,400 |
| Net assets or fund balances | $79,697 |