Common Fence Point Improvement Association
- Assets
- $3.9m
- Revenue
- $89.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Portsmouth, RI
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 05-0440929
Organization Overview
Common Fence Point Improvement Association is located in Portsmouth, RI. The organization was established in 2003. 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. Common Fence Point Improvement Association 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 12/2021, Common Fence Point Improvement Association generated $89.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $103.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION EXISTS TO ENRICH THE LIVES OF LOCAL RESIDENTS THROUGH ARTS, WELLNESS, RECREATION, AND COMMUNITY SAFEGUARDING BY PROVIDING AND MAINTAINING A COMMUNITY CENTER, BEACHES, PLAYGROUNDS, AND OTHER COMMON AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF THE COMMUNITY HALL, BEACHES, PLAYGROUNDS, AND OTHER COMMON AREAS.
COMMUNITY PROGRAMS INCLUDING WEEKLY ART CLASSES AND WORKSHOPS, SOCIAL EVENTS, AND PREPAREDNESS FOR STORMS AND OTHER CLIMATE RELATED EVENTS.
ENCOURAGE WELLNESS BY PROVIDING DANCE PROGRAMS, GROUP EXERCISE CLASSES, EVENTS AND CLASSES TO SUPPORT PEOPLE WITH INTELLECTUAL AND PHYSICAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Conley Zani President | Officer | 0 | $0 |
David Breton Treasurer | Officer | 0 | $0 |
Jim Fogerty Secretary | Officer | 0 | $0 |
Angelica Alvarez Vice President | Officer | 0 | $0 |
Diane Barrette Co-Treasurer | Officer | 0 | $0 |
Heather Satterley Co-Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,932 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,037 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,664 |
| Total Program Service Revenue | $37,797 |
| Investment income | $1 |
| 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 | $89,462 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,485 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45 |
| Advertising and promotion | $5,521 |
| Office expenses | $927 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,915 |
| Insurance | $6,652 |
| All other expenses | $4,219 |
| Total functional expenses | $103,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,986 |
| Savings and temporary cash investments | $0 |
| 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 | $3,834,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,916,098 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,916,098 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,916,098 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Common Fence Point Improvement Association has recieved totaling $692.
| Awarding Organization | Amount |
|---|---|
Carlson Family Foundation Inc Chapel Hill, NC PURPOSE: MATCHING GRANT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $192 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Initiative For A Competitive Inner City Inc Roxbury, MA | $11,137,097 | $6,700,624 |
Spring Meadows Association Of Responsible Tenants Inc Springfield, MA | $14,323,481 | $4,117,328 |
St Vincents Development Inc Trumbull, CT | $27,854,287 | $3,404,975 |
Mutual Housing Association Of Greater Hartford Inc Hartford, CT | $35,173,874 | $3,634,828 |
Homeownership Affordability Trust Fund Providence, RI | $111,238,696 | $1,978,717 |
Newvue Affordable Housing Corporation Fitchburg, MA | $9,905,411 | $1,607,987 |
Woodridge Lake Property Owners Assoc Inc Goshen, CT | $4,741,298 | $1,466,454 |
St Pauls Housing Corporation Southington, CT | $2,208,022 | $1,135,813 |
Independence Forge Association Inc Mansfield, MA | $755,942 | $734,904 |
Home Builders & Remodelers Association Of Central Connecticut Rocky Hill, CT | $654,579 | $501,860 |
Bennett Housing Corporation Weatogue, CT | $1,373,173 | $469,823 |
Barrett Housing Corporation Pittsfield, MA | $2,016,965 | $653,586 |