Cliffs Valley Community Association Inc
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 57-1058952
Organization Overview
Cliffs Valley Community Association Inc is located in Greenville, SC. The organization was established in 2004. 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. Cliffs Valley Community Association Inc 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 12/2021, Cliffs Valley Community Association Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.4m 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
TO MAINTAIN FACILITIES FOR ITS MEMBERS AND UPSTATE SOUTH CAROLINA AND WESTERN NORTH CAROLINA CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED CLIFFS COMMUNITY COMMON PROPERTY TO ATTRACT ORGANIZATIONS TO USE THEIR FACILITIES FOR CHARITABLE FUNDRAISING EVENTS. MEMBERS CONTRIBUTED APPROXIMATELY 15,449 HOURS TO HELP APPROXIMATELY 68 NONPROFIT/EXEMPT ORGANIZATIONS FULFILL THEIR EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Kelly Secretary | Trustee | 1 | $0 |
Tom Fisher VP & Treasur | Trustee | 1 | $0 |
Stuart Safft Director | Trustee | 1 | $0 |
Paula Russell President | Trustee | 1 | $0 |
Mike Balchunas Director | Trustee | 1 | $0 |
Bob Mangone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,095,711 |
| 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 | $1,095,711 |
| Total Program Service Revenue | $90,226 |
| Investment income | $1,145 |
| 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 | $1,187,082 |
| 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 | $77,988 |
| Fees for services: Legal | $7,612 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,079 |
| Advertising and promotion | $0 |
| Office expenses | $34,619 |
| 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 | $34,290 |
| Insurance | $8,178 |
| All other expenses | $11,890 |
| Total functional expenses | $1,383,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,178 |
| Savings and temporary cash investments | $1,310,111 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,700 |
| 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 | $4,875 |
| Net Land, buildings, and equipment | $295,775 |
| Investments—publicly traded securities | $1,339,721 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,273,360 |
| Accounts payable and accrued expenses | $50,420 |
| Grants payable | $0 |
| Deferred revenue | $1,220,934 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $120,492 |
| 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 | $1,391,846 |
| 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 | $1,881,514 |
| Total liabilities and net assets/fund balances | $3,273,360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kiawah Island Community Association Inc Kiawah Island, SC | $26,368,014 | $20,429,639 |
Community Services Associates Inc Hilton Head Island, SC | $20,961,212 | $14,495,828 |
Columbus Housing Initiative Inc Columbus, GA | $18,599,553 | $8,114,029 |
Bent Tree Community Inc Jasper, GA | $11,645,606 | $6,901,322 |
Coosawattee River Resort Assn Inc Ellijay, GA | $12,422,312 | $7,039,816 |
North Carolina Home Builders Association Inc Raleigh, NC | $7,309,205 | $3,801,465 |
Wild Dunes Community Association Inc Isle Of Palms, SC | $15,432,626 | $5,396,847 |
Home Builders Assn Of Raleigh And Wake County Inc Raleigh, NC | $2,007,395 | $2,368,816 |
Cliffs Valley Community Association Inc Greenville, SC | $3,273,360 | $1,187,082 |
Lake Wildwood Association Inc Macon, GA | $908,269 | $1,200,928 |
Chickasaw Association Inc Westminster, SC | $5,219,238 | $1,724,953 |
Varnville Area Housing Corporation Varnville, SC | $1,669,286 | $681,776 |