Parkway At Folsom Owners Association
- Assets
- $4.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Folsom, CA
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 68-0361814
Organization Overview
Parkway At Folsom Owners Association is located in Folsom, CA. The organization was established in 2003. 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. Parkway At Folsom Owners Association 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO MAINTAIN, REPAIR AND REPLACE THE COMMON AREA FACILITIES IN A 1,933 LOT COMMUNITY ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MISSION IS TO MAINTAIN, REPAIR AND REPLACE THE COMMON AREA FACILITIES IN A 1,933 LOT COMMUNITY ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Tedrow President | OfficerTrustee | 2 | $0 |
Sridhar Edla Vice President | OfficerTrustee | 2 | $0 |
Gary Qualset Treasurer | OfficerTrustee | 2 | $0 |
Adam Zielenski Secretary | OfficerTrustee | 2 | $0 |
Robert Goss Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Services Residential Management Services | 12/30/22 | $130,853 |
Camden Security Security | 12/30/22 | $252,520 |
New Generation Landscape Landscaping | 12/30/22 | $160,672 |
Ameriscape Landscaping | 12/30/22 | $197,652 |
Dominquez Landscaping Landscaping | 12/30/22 | $533,904 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,390,898 |
| 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 | $2,390,898 |
| Total Program Service Revenue | $0 |
| Investment income | $63,890 |
| 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 | $2,516,685 |
| 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 | $130,853 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $42,183 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,512 |
| Insurance | $32,510 |
| All other expenses | $140,631 |
| Total functional expenses | $2,510,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,563,980 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,811 |
| 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 | $0 |
| Net Land, buildings, and equipment | $51,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,438,471 |
| Total assets | $4,079,839 |
| Accounts payable and accrued expenses | $41,653 |
| Grants payable | $0 |
| Deferred revenue | $43,909 |
| 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 | $3,189,951 |
| Total liabilities | $3,275,513 |
| Net assets without donor restrictions | $0 |
| 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 | $804,326 |
| Total liabilities and net assets/fund balances | $4,079,839 |