Timber Ridge Property Owners Association Inc is located in Pass Christian, MS. The organization was established in 1981. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Timber Ridge Property Owners Association Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timber Ridge 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 03/2022, Timber Ridge Property Owners Association Inc generated $430.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $292.4k during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE COMMUNITY PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED, MANAGED, AND MAINTAINED COMMON AREAS AND RECREATIONAL FACILITIES FOR THE COMMUNITY AS WELL AS PROVIDE SECURITY SERVICES FOR THE COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rebecca O'dwyer Vice President | OfficerTrustee | 3 | $0 |
Charles Reymond Secretary | OfficerTrustee | 3 | $0 |
Cathy Gill President | OfficerTrustee | 3 | $0 |
Ronnie Daniels Treasurer | OfficerTrustee | 3 | $0 |
Ronnie Sedlak Director | Trustee | 3 | $0 |
Martin Miller Director | Trustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $343,209 |
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 | $343,209 |
Total Program Service Revenue | $38,495 |
Investment income | $1,641 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $43,533 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $430,529 |
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 | $104,311 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $8,299 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,936 |
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 | $6,071 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $31,958 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $27,276 |
Insurance | $17,492 |
All other expenses | $6,488 |
Total functional expenses | $292,364 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $86,529 |
Savings and temporary cash investments | $522,227 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $102,394 |
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 | $12,993 |
Net Land, buildings, and equipment | $190,443 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $914,586 |
Accounts payable and accrued expenses | $71,830 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $3,339 |
Total liabilities | $75,169 |
Net assets without donor restrictions | $839,417 |
Net assets with donor restrictions | $0 |
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 | $914,586 |
Organization Name | Assets | Revenue |
---|---|---|
Bella Vista Village Property Owners Association Bella Vista, AR | $65,598,574 | $31,138,285 |
Tellico Village Poa Inc Loudon, TN | $46,364,010 | $28,167,700 |
Lake Forest Prop Owners Assoc Lake Forest Maring Daphne, AL | $5,004,953 | $3,380,407 |
Guste Homes Resident Management Corporation New Orleans, LA | $5,247,475 | $2,941,499 |
Old Ladies Home Association Jackson, MS | $44,172,727 | $2,072,086 |
Alabama Forest Owners Assn Birmingham, AL | $1,282,916 | $2,201,330 |
Alabama Manufactured Housing Association Inc Montgomery, AL | $3,198,962 | $1,032,930 |
Lakewood Property Owners Association North Little Rock, AR | $121,650 | $825,895 |
Louisiana Manufactured Housing Association Inc Baton Rouge, LA | $2,863,188 | $1,048,656 |
Acadian Home Builders Association Inc Lafayette, LA | $1,215,159 | $907,434 |
Home Builders Association Of Mobile Inc Mobile, AL | $872,331 | $540,347 |
Home Builders Association Of Northwest Louisiana Shreveport, LA | $352,669 | $398,196 |