Montclair Property Owners Association Inc
- Assets
- $3.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 08/1970
- Data as of
- 04/2023
- EIN
- 54-0852639
Organization Overview
Montclair Property Owners Association Inc is located in Fairfax, VA. The organization was established in 1970. 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. Montclair Property 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 04/2023, Montclair Property Owners Association Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $2.9m during the year ending 04/2023. While expenses have increased by 6.3% per year over the past 3 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE OF COMMONLY OWNED PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION WAS ORGANIZED TO COLLECTIVELY MAINTAIN AND PRESERVE THE COMMONLY OWNED PROPERTY AND AMENITIES FOR THE PLEASURE AND BENEFIT OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Proctor President | Officer | $0 | |
Linda Cheng-Khan Vice President | Officer | $0 | |
Stephanie Eversley Vice President | Officer | $0 | |
Frederick Rash Secretary | Officer | $0 | |
Christopher Williams Treasurer | Officer | $0 | |
Christian Dvorak Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Firstservice Management Agent | 4/29/23 | $1,282,384 |
Brightview Landscapes Grounds Maintenance | 4/29/23 | $198,868 |
Guardian Aquatics Inc Pool | 4/29/23 | $157,100 |
Segan Mason & Mason Pc Legal | 4/29/23 | $210,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,931,041 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,931,041 |
| Total Program Service Revenue | $227,617 |
| Investment income | $38,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,216,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,141,079 |
| Fees for services: Legal | $276,345 |
| Fees for services: Accounting | $11,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $246,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,427 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,893 |
| Insurance | $194,448 |
| All other expenses | $417,683 |
| Total functional expenses | $2,875,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,725 |
| Savings and temporary cash investments | $2,640,036 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $146,897 |
| Net Land, buildings, and equipment | $5,936 |
| Investments—publicly traded securities | $153,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,027,973 |
| Accounts payable and accrued expenses | $47,934 |
| Grants payable | $0 |
| Deferred revenue | $1,096,382 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,144,316 |
| Net assets without donor restrictions | $330,603 |
| Net assets with donor restrictions | $1,553,054 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,027,973 |