Desert Aire Owners Association
- Assets
- $7.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 51
- Location
- Mattawa, WA
- Founding
- 08/1988
- Data as of
- 06/2022
- EIN
- 91-0877686
Organization Overview
Desert Aire Owners Association is located in Mattawa, WA. The organization was established in 1988. 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 06/2022, Desert Aire Owners Association employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Desert Aire 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.
For the year ending 06/2022, Desert Aire Owners Association generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. 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
THE ASSOCIATION SERVES MEMBERS AS THE PRINCIPAL LIAISON BETWEEN THE DESERT AIRE COMMUNITY & GRANT COUNTY. ALSO ADMINISTERS & ENFORCES COVENANTS FOR PRESERVING THE ARCHITECTURAL INTEGRITY & APPEARANCE OF DESERT AIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SERVES MEMBERS AS THE PRINCIPAL LIAISON BETWEEN THE DESERT AIRE COMMUNITY & GRANT COUNTY. ALSO ADMINISTERS & ENFORCES COVENANTS FOR PRESERVING THE ARCHITECTURAL INTEGRITY & APPEARANCE OF DESERT AIRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Curdy General Mana | 40 | $114,220 | |
Jennie Denbo President | OfficerTrustee | 4 | $0 |
Anita Hammond Director | Trustee | 3 | $0 |
Jerry Hardt Treasurer | OfficerTrustee | 3 | $0 |
Caroline Holmes Secretary | OfficerTrustee | $0 | |
Glenn Lampman Director | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,212,565 |
| Investment income | -$732,704 |
| 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 | $70,012 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,549,873 |
| 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 | $1,053,872 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $138,634 |
| Payroll taxes | $104,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,036 |
| 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 | $137,432 |
| Advertising and promotion | $11,288 |
| Office expenses | $37,317 |
| 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 | $5,797 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $316,451 |
| Insurance | $45,081 |
| All other expenses | $12,798 |
| Total functional expenses | $2,302,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,330 |
| Savings and temporary cash investments | $3,356,803 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,191 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,856 |
| Inventories for sale or use | $71,098 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,748,297 |
| Investments—publicly traded securities | $684,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,183,648 |
| Accounts payable and accrued expenses | $142,447 |
| Grants payable | $0 |
| Deferred revenue | $3,856 |
| 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 | $0 |
| Total liabilities | $146,303 |
| Net assets without donor restrictions | $2,672,540 |
| Net assets with donor restrictions | $4,364,805 |
| 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 | $7,183,648 |