Snoqualmie Ridge Residential Owners Association
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Snoqualmie, WA
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 91-1909244
Organization Overview
Snoqualmie Ridge Residential Owners Association is located in Snoqualmie, WA. The organization was established in 1999. 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. Snoqualmie Ridge Residential 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 12/2022, Snoqualmie Ridge Residential Owners Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 0.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MAINTENANCE AND MANAGEMENT TO A RESIDENTIAL PLANNED UNIT ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES LANDSCAPING, GENERAL MAINTENANCE AND ASSOCIATED EXPENSES TO COMMON AREAS LOCATED WITHIN SNOQUALMIE RIDGE, INCLUDING SPONSORING NUMEROUS COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coco Carino Groth Vice President | Officer | 2 | $0 |
Cliff Gilley President | Officer | 2 | $0 |
Larry Fischer Treasurer | Officer | 2 | $0 |
Greg Ruselowski Director | Trustee | 2 | $0 |
Rifat Siddiq Director | Trustee | 2 | $0 |
Peter Christensen Director | Trustee | 2 | $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 | $1,496,885 |
| Investment income | $7,473 |
| 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 | $1,515,533 |
| 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 | $527,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,080 |
| Fees for services: Legal | $12,422 |
| 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 | $34,663 |
| Information technology | $18,149 |
| 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 | $0 |
| Insurance | $20,673 |
| All other expenses | $90,582 |
| Total functional expenses | $1,446,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,050 |
| Savings and temporary cash investments | $1,970,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,720 |
| 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 | $476 |
| Net Land, buildings, and equipment | $953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,903 |
| Total assets | $2,466,155 |
| Accounts payable and accrued expenses | $11,254 |
| Grants payable | $0 |
| Deferred revenue | $630,367 |
| 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 | $589,193 |
| Total liabilities | $1,230,814 |
| 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 | $1,235,341 |
| Total liabilities and net assets/fund balances | $2,466,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunriver Owners Association Sunriver, OR | $34,928,405 | $11,186,087 |
Black Butte Ranch Association Black Butte Ranch, OR | $78,539,859 | $9,586,570 |
Sudden Valley Comm Assoc Bellingham, WA | $20,952,447 | $5,164,417 |
Wainwright Cooperative Association Wainwright, AK | $1,332,722 | $3,626,498 |
Home Builders Assn Of Metropolitan Portland Lake Oswego, OR | $4,479,239 | $2,722,641 |
Crooked River Ranch Club & Maintenance Association Crooked River Ranch, OR | $5,210,101 | $3,319,279 |
Community Alliance Of Tenants Portland, OR | $1,034,001 | $2,649,829 |
Desert Aire Owners Association Mattawa, WA | $7,989,613 | $2,793,140 |
Snoqualmie Ridge Residential Owners Association Snoqualmie, WA | $2,466,155 | $1,515,533 |
Building Owners And Managers Association Of Seattle Seattle, WA | $1,124,627 | $1,499,763 |
Redmond Ridge Residential Owners Redmond, WA | $1,854,713 | $1,503,480 |
The Ontario Center Owners Association Nine Mile Falls, WA | $1,547,495 | $1,593,017 |