Friendly Valley Recreational Association Inc

Organization Overview

Friendly Valley Recreational Association Inc is located in Newhall, CA. The organization was established in 1969. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Friendly Valley Recreational Association Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendly Valley Recreational Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 12/2023, Friendly Valley Recreational Association Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO MAINTAIN AND PRESERVE THE RECREATIONAL FACILITIES AND COMMON AREAS OF THE ASSOCIATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO MAINTAIN AND PRESERVE THE RECREATIONAL FACILITIES AND COMMON AREAS, WHICH INCLUDE GOLF COURSES, CLUBHOUSES, BUSINESS OFFICE, ROADS, SPORTS COURTS, GREEN BELTS, AND OTHER RECREATIONAL FACILITIES FOR THE BENEFIT OF THE MEMBERS OF THE ASSOCIATION. THE ASSOCIATION, A DEVELOPMENT OF APPROX. 290 ACRES, IS LOCATED IN NEWHALL, CALIFORNIA AND INCLUDES 13 VILLAGE ASSOCIATIONS AND 1,290 UNITS.


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Board, Officers & Key Employees

Name (title)Compensation
Bob Brothers
President
$0
Sharon Devol
Secretary
$0
Lanny Larsen
Vice President
$0
Gary Simpson
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Western Golf Properties
Maintenance
$244,787
All-pro Landscape Management
Landscape
$172,792
View All Vendors

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$2,407,740
Investment income $25,003
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 $2,541,609

Peer Organizations

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