Carmel Residents Association
- Assets
- $100.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel By The Sea, CA
- Founding
- 09/1995
- Data as of
- 03/2022
- EIN
- 77-0186971
Organization Overview
Carmel Residents Association is located in Carmel By The Sea, CA. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Carmel Residents 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 03/2022, Carmel Residents Association generated $61.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $52.3k during the year ending 03/2022. 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 |
|---|---|---|---|
Tim Twomey Treasurer | 2 | $0 | |
Frankie Laney Secretary | 1 | $0 | |
Ken White Vice President | 1 | $0 | |
Fred Bologna President | 4 | $0 | |
Mary Condry Director At Large | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,528 |
| Total Program Service Revenue | $0 |
| Membership dues | $23,470 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,046 |
| 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 | $1,527 |
| Printing, publications, postage, and shipping | $17,773 |
| Other expenses | $11,357 |
| Total expenses | $52,285 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $100,406 |
| Other assets | $0 |
| Total assets | $100,406 |
| Total liabilities | $0 |
| Net assets or fund balances | $100,406 |
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