Green Run Homes Association
- Assets
- $4.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Virginia Beach, VA
- Founding
- 10/1976
- Data as of
- 12/2021
- EIN
- 54-0880156
Organization Overview
Green Run Homes Association is located in Virginia Beach, VA. The organization was established in 1976. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Green Run Homes Association employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Run Homes Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Green Run Homes Association generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 1.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RECREATION, HEALTH, SAFETY AND WELFARE OF THE RESIDENTS THROUGH OWNERSHIP, IMPROVEMENTS, OPERATION AND MAINTENANCE OF COMMON AREAS AND FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE RECREATION, HEALTH, SAFETY AND WELFARE OF THE RESIDENTS THROUGH OWNERSHIP, IMPROVEMENTS, OPERATION AND MAINTENANCE OF COMMON AREAS AND FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Bentley President | OfficerTrustee | 4 | $0 |
Jill Ewell Secretary | OfficerTrustee | 3 | $0 |
Michael Maskell Vice-President | OfficerTrustee | 3 | $0 |
Dorothy Simmons Treasurer | OfficerTrustee | 4 | $0 |
Dean Densmore Director | Trustee | 2 | $0 |
Jennifer Bauter Director | Trustee | 2 | $0 |
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 | $1,974,357 |
| Investment income | $3,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,985,376 |
| 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 | $728,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,520 |
| Payroll taxes | $58,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,361 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,250 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $30,511 |
| Royalties | $0 |
| Occupancy | $82,286 |
| 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 | $77,226 |
| Insurance | $81,127 |
| All other expenses | $107,068 |
| Total functional expenses | $1,640,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,777,152 |
| Savings and temporary cash investments | $2,567,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,532 |
| 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 | $54,382 |
| Net Land, buildings, and equipment | $370,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,832,888 |
| Accounts payable and accrued expenses | $51,099 |
| Grants payable | $0 |
| Deferred revenue | $257,862 |
| 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 | $308,961 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,523,927 |
| Total liabilities and net assets/fund balances | $4,832,888 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Theatre Owners Washington, DC | $14,676,210 | $12,650,975 |
Virginia Nonproit Housing Coalition Richmond, VA | $132,002,711 | $15,806,787 |
Building Owners & Managers Association International Washington, DC | $10,066,199 | $10,463,881 |
Association Of Home Appliance Manufacturers Washington, DC | $12,645,555 | $8,881,319 |
Cecelia Housing Inc Bethesda, MD | $234,000 | $4,045,313 |
Kingstowne Residential Owners Corporation Alexandria, VA | $8,910,767 | $6,278,825 |
Burke Centre Conservancy Burke, VA | $14,310,013 | $6,077,723 |
The Fairness Project Washington, DC | $1,253,311 | $5,316,361 |
Aquia Harbour Property Owners Association Inc Stafford, VA | $11,909,044 | $4,683,038 |
Stone Ridge Association Inc Stone Ridge, VA | $6,806,491 | $4,345,999 |
Intellectual Property Owners Association Washington, DC | $8,094,765 | $4,784,749 |
National Home Infusion Association Alexandria, VA | $2,376,501 | $3,671,992 |