Valley Estates Association Of Property Owners Inc is located in Weldon, CA. The organization was established in 1992. 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. Valley Estates Association Of Property Owners Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 08/2022, Valley Estates Association Of Property Owners Inc generated $57.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $71.2k during the year ending 08/2022. While expenses have increased by 8.8% per year over the past 7 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
MAINTAIN OUR PRIVATE ROAD SYSTEM, MAINTAIN OUR COMMUNITY CENTER AND PROVIDE AMPLE SAFE CLEAN DRINKING WATER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Higgins CFO / Water Master | 10 | $3,120 | |
Jack Collins President | 1 | $0 | |
Todd Noble Vice President | 1 | $0 | |
Evelyn Simas Secretary | 1 | $0 | |
Rick Wolfe Board Member | 1 | $0 | |
Leona Osborne Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $56,882 |
Investment income | $363 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $57,245 |
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 | $3,120 |
Occupancy, rent, utilities, and maintenance | $30,503 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $37,594 |
Total expenses | $71,217 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $275,671 |
Other assets | $0 |
Total assets | $409,169 |
Total liabilities | $0 |
Net assets or fund balances | $409,169 |
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