Park Timbers Homeowners Association
- Assets
- $233.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/2006
- Data as of
- 12/2022
- EIN
- 72-0846182
Organization Overview
Park Timbers Homeowners Association is located in New Orleans, LA. The organization was established in 2006. 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. Park Timbers Homeowners 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.
For the year ending 12/2022, Park Timbers Homeowners Association generated $139.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $118.0k during the year ending 12/2022. While expenses have increased by 3.0% 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
2022
Describe the Organization's Program Activity:
Part 3
FIRST ACCOMPLISHMENT - COLLECTION OF DUES AND ASSESSMENTS FROM ALL HOMEOWNERS FOR THE UPKEEP AND BETTERMENT OF THE NEIGHBORHOOD INCLUDING MAINTENANCE OF ALL AREAS AVAILABLE TO THE GENERAL PUBLIC. FURTHERMORE, ITS RECREATIONAL FACILITIES ARE EXTENDED FOR USE TO MEMBERS OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Lormand President | 3 | $0 | |
Darryl Ferrington Vice President | 0.5 | $0 | |
Diane Williams Treasurer | 2 | $0 | |
Leslie Merritt Secretary | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $133,469 |
| Investment income | $944 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,670 |
| Total Revenue | $139,083 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,278 |
| Professional fees and other payments to independent contractors | $2,836 |
| Occupancy, rent, utilities, and maintenance | $64,320 |
| Printing, publications, postage, and shipping | $779 |
| Other expenses | $40,744 |
| Total expenses | $117,957 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $148,641 |
| Other assets | $0 |
| Total assets | $233,122 |
| Total liabilities | $124 |
| Net assets or fund balances | $232,998 |