Homestead Valley Community Assn
- Assets
- $316.6k
- Revenue
- $270.6k
- Investments
- $11.2k
- Employees
- 0
- Location
- Mill Valley, CA
- Founding
- 05/1949
- Data as of
- 12/2023
- EIN
- 94-1131173
Organization Overview
Homestead Valley Community Assn is located in Mill Valley, CA. The organization was established in 1949. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homestead Valley Community Assn is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Homestead Valley Community Assn generated $270.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $268.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS A QUASI-GOVERNMENTAL ORGANIZATION, THE ORGANIZATION RECEIVED APPROXIMATELY 35% OF ITS OPERATING FUNDS FROM THE COUNTY OF MARIN, CALIFORNIA.HOMESTEAD VALLEY COMMUNITY ASSOCIATION PROVIDES SAFE RECREATIONAL AND EDUCATIONAL PROGRAMS FOR THE RESIDENTS OF THE COMMUNITY. PROGRAM FEES HELP OFFSET THE EXPENSES OF REPAIR AND MAINTENANCE OF THE FACILITIES. FUNDS RECEIVED FROM THE COUNTY OF MARIN COVER REAL ESTATE TAXES ASSESSED ON THE COMMUNITY CENTER. SWIMMING POOL MEMBERSHIPS PROVIDE DISCOUNTS FOR FAMILIES IN THE COMMUNITY AND HELP INCREASE PUBLIC AWARENESS OF THE CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AND MAINTAINED THE HOMESTEAD COMMUNITY CENTER AND PROVIDED PROGRAMS TO THE HOMESTEAD VALLEY COMMUNITY.
OPERATED AND MAINTAINED THE SWIMMING POOL AT THE HOMESTEAD COMMUNITY CENTER AND RELATED PROGRAMS FOR THE HOMESTEAD VALLEY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Derich Director | Trustee | 1 | $0 |
Leslie Dixon Director | Trustee | 1 | $0 |
Ashley Macdonald Co-President | Trustee | 2 | $0 |
Alex Scalisi Co-President | Trustee | 2 | $0 |
Jen Coyne Secretary | Trustee | 1 | $0 |
Rachel Carlin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,627 |
| Related organizations | $0 |
| Government grants | $128,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,804 |
| Total Program Service Revenue | $147,879 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,145 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,569 |
| 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 | $134,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,316 |
| Advertising and promotion | $0 |
| Office expenses | $4,961 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,482 |
| 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 | $11,726 |
| All other expenses | $828 |
| Total functional expenses | $268,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,958 |
| Savings and temporary cash investments | $31,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,173 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $316,628 |
| Accounts payable and accrued expenses | $2,404 |
| Grants payable | $0 |
| Deferred revenue | $460 |
| 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 | $2,864 |
| Net assets without donor restrictions | $276,126 |
| Net assets with donor restrictions | $37,638 |
| 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 | $316,628 |