Eastman Community Association
- Assets
- $24.1m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Grantham, NH
- Founding
- 12/1972
- Data as of
- 03/2022
- EIN
- 23-7153126
Organization Overview
Eastman Community Association is located in Grantham, NH. The organization was established in 1972. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, 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. Eastman Community 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 03/2022, Eastman Community Association generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $6.5m during the year ending 03/2022. While expenses have increased by 2.9% per year over the past 7 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
OPERATION OF A FOUR SEASON RECREATION COMMUNITY WITH APPROXIMATELY 1,420 ASSESSABLE PROPERTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FOUR SEASON RECREATION COMMUNITY WITH 1,420 PROPERTIES, INCLUDING RECREATION FACILITIES, PROGRAMS, SECURITY AND ROAD MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Langsdorf Vice President | OfficerTrustee | 1 | $0 |
Richard Karash Treasurer | OfficerTrustee | 1 | $0 |
William Matson President | OfficerTrustee | 1 | $0 |
Brian Harding CFO | Officer | 40 | $0 |
Steve Schneider General Manager | Officer | 40 | $0 |
David Brooks Through 9121 Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hansen Bridge Deposit On Cove Drive Bridge | 3/30/22 | $146,675 |
Mark Larrabee Pro Shop Sales | 3/30/22 | $218,069 |
United Construction Corporation Road Improvements | 3/30/22 | $491,380 |
Turf Products Vehicle Repairs And Maintenance | 3/30/22 | $155,829 |
Performance Janitorial Services Cleaning Services | 3/30/22 | $146,025 |
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 | $7,129,511 |
| Investment income | $33,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $134,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,350,665 |
| 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 | $0 |
| Fees for services: Legal | $16,480 |
| Fees for services: Accounting | $16,567 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,949,059 |
| Advertising and promotion | $90,038 |
| Office expenses | $141,934 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $278,114 |
| Travel | $3,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,245 |
| Interest | $127,068 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,588,174 |
| Insurance | $183,262 |
| All other expenses | $380,138 |
| Total functional expenses | $6,505,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,012 |
| Savings and temporary cash investments | $5,238,994 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,749 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,085 |
| Prepaid expenses and deferred charges | $17,668 |
| Net Land, buildings, and equipment | $18,155,514 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $622,229 |
| Total assets | $24,089,251 |
| Accounts payable and accrued expenses | $159,087 |
| Grants payable | $0 |
| Deferred revenue | $2,611,595 |
| 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 | $3,943,797 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $665,132 |
| Total liabilities | $7,379,611 |
| 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 | $16,709,640 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,089,251 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastman Community Association Grantham, NH | $24,089,251 | $7,350,665 |
Allston Brighton Comm Dev Corp Brighton, MA | $15,959,814 | $4,412,557 |
Agassiz Baldwin Community A Cambridge Corporation Cambridge, MA | $2,560,544 | $1,271,480 |
Spirit Of Springfield Inc Springfield, MA | $816,753 | $1,455,944 |
Mothers For Justice And Equality Inc Roxbury, MA | $2,322,867 | $2,048,869 |
Community Associations Institute Wellesley, MA | $948,898 | $739,053 |
Ocean Park Association Ocean Park, ME | $3,743,180 | $636,431 |
Cambridgeport Neighborhood Association Inc Cambridge, MA | $38,110 | $338,073 |
Prouts Neck Association Scarborough, ME | $1,025,217 | $175,420 |
East Somerville Main Street Inc Somerville, MA | $176,484 | $0 |
Neighborhood Association Of The Back Bay Inc Boston, MA | $1,126,854 | $214,602 |
King St Neighborhood Revitalization Essex Jct, VT | $899,347 | $167,388 |