Laguna Beach Property Owners Association Inc Of Panama City Fl
- Assets
- $427.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Panama City Beach, FL
- Founding
- 06/1984
- Data as of
- 08/2022
- EIN
- 59-2228818
Organization Overview
Laguna Beach Property Owners Association Inc Of Panama City Fl is located in Panama City Beach, FL. The organization was established in 1984. 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. Laguna Beach Property Owners Association Inc Of Panama City FL 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 08/2022, Laguna Beach Property Owners Association Inc Of Panama City FL generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $12.5k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Parsons Director | 1 | $0 | |
James Hooten Director | 1 | $0 | |
Cindy Mills Director | 1 | $0 | |
David Russell Director | 1 | $0 | |
Henry Mixon Director | 1 | $0 | |
Williams Swords Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $18,131 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,354 |
| Total Revenue | $20,485 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,580 |
| Professional fees and other payments to independent contractors | $1,850 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,499 |
| Other expenses | $4,585 |
| Total expenses | $12,514 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $427,004 |
| Other assets | $0 |
| Total assets | $427,004 |
| Total liabilities | $0 |
| Net assets or fund balances | $427,004 |