Palm Cay Homeowners Association Inc
- Assets
- $38.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 59-2774085
Organization Overview
Palm Cay Homeowners Association Inc is located in Ocala, FL. The organization was established in 1988. 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. Palm Cay Homeowners Association Inc 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, Palm Cay Homeowners Association Inc generated $19.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $16.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanine Matthews Director & President | 5 | $0 | |
Pamela Cook Director & Vice Pres | 2 | $0 | |
Melinda Hargis Director & Secretary | 3 | $0 | |
Elda Quijano Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $130 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,715 |
| Other Revenue | $13,802 |
| Total Revenue | $19,647 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $9,763 |
| Other expenses | $6,983 |
| Total expenses | $16,746 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,885 |
| Other assets | $0 |
| Total assets | $38,885 |
| Total liabilities | $0 |
| Net assets or fund balances | $38,885 |