Residents Association Of Covenant Woods
- Assets
- $12.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mechanicsville, VA
- Founding
- 06/2002
- Data as of
- 03/2023
- EIN
- 54-2058307
Organization Overview
Residents Association Of Covenant Woods is located in Mechanicsville, VA. The organization was established in 2002. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residents Association Of Covenant Woods 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 03/2023, Residents Association Of Covenant Woods generated $179.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $174.6k during the year ending 03/2023. While expenses have increased by 2.3% 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE A LIAISON BETWEEN RESIDENTS OF THE RETIREMENT COMMUNITY AND THE MANAGEMENT AND STAFF OF THE RETIREMENT COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Tate Chair | 1 | $0 | |
Patricia Thompson Vice Chair | 1 | $0 | |
Chuck Webb Secretary | 1 | $0 | |
David Eales Treasurer | 1 | $0 | |
Bill Deshazo Board Member | 1 | $0 | |
Bob Carmeal Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,664 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $179,664 |
| 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 | $842 |
| Total expenses | $174,571 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,333 |
| Other assets | $0 |
| Total assets | $12,333 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,333 |