Culverdale Community Association

The information for Culverdale Community Association is as of the organization's most recent filing in December '21. This organization is located in Irvine, CA. It has been in existence for 48 years, following its founding in 1973.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Culverdale Community Association's NTEE code is S22. The "S" tells us that the organization is classified along with Neighborhood & Block Associations. The "22" tells us that the organization is focused on Community Improvement & Capacity Building. The NTEE describes Neighborhood & Block Associations as organizations whose members are residents of a particular community or neighborhood who have joined together to remedy deficiencies in existing neighborhood conditions or to enhance conditions that are currently satisfactory.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(4) organization. The IRS describes these organizations as Civic Leagues, Social Welfare Organizations, and Local Associations of Employees.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Culverdale Community Association is to maintain and preserve the recreational facilities and common areas, including the greenbelts and park areas.

Program Areas

To maintain and preserve the recreational facilities and common areas, including greenbelts and park areas, the organization within the general fund also focuses on maintaining the architectural integrity of the association and promoting the general welfare of community members in Irvine, California.

Board Governance

The Culverdale Community Association appears to have a well-governed structure based on the provided information. The organization has a total of 5 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further strengthens the integrity of the organization's governance. The fact that the organization has delegated management to an outside firm suggests a level of professionalism and expertise in handling its operations. This decision may also contribute to the objectivity and transparency of the organization's decision-making processes. The documentation of both board and committee meetings demonstrates a commitment to transparency and accountability. This practice ensures that all important discussions, decisions, and actions are properly recorded and can be referred to in the future if needed. While the Culverdale Community Association does not have a conflict of interest policy, it does require the disclosure of conflicts. This requirement helps to prevent any potential conflicts from negatively impacting the organization's decision-making. However, it is worth noting that the absence of a written whistleblower policy and document retention policy may leave room for improvement in terms of protecting the organization's interests and ensuring compliance with legal regulations. Lastly, the organization's practice of providing copies of the 990 to the board prior to filing indicates a commitment to transparency and accountability in financial matters. This practice allows board members to review and assess the organization's financial performance before it is officially filed. Overall, the Culverdale Community Association demonstrates a strong commitment to transparency, accountability, and unbiased decision-making. However, the organization could benefit from implementing additional policies such as a conflict of interest policy, whistleblower policy, and document retention policy to further enhance its governance practices.

Organization Growth

The Culverdale Community Association has experienced mixed growth over the given time period. While their contributions and grants received decreased from $412.2K in 2020 to $0 in 2021, this line item is deemed not meaningful for analysis. However, their program service revenue increased significantly from $0 in 2020 to $406.4K in 2021. Additionally, their other revenue also increased from $12.8K in 2020 to $18.4K in 2021. On the other hand, their investment income decreased from $6.9K in 2020 to $1.6K in 2021. Overall, their total revenue decreased slightly from $431.8K in 2020 to $426.4K in 2021. However, their total expenses increased from $349.7K in 2020 to $421.6K in 2021. Therefore, while some areas of the organization have grown, the increase in expenses suggests that the Culverdale Community Association has not experienced significant overall growth over the given time period.