Oak Run Homeowners Association Inc

Organization Overview

Oak Run Homeowners Association Inc is located in Ocala, FL. The organization was established in 1989. 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. Oak Run 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, Oak Run Homeowners Association Inc generated $72.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $84.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ASSOCIATION WAS CREATED TO ORGANIZE THE RECREATIONAL, SOCIAL AND CULTURAL ACTIVITIES DESIRED BY THE HOMEOWNERS WITHIN THE DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

AMBASSADORS - ORGANIZES STAGE SHOWS FOR HOMEOWNERS


BINGO GAMES - ORGANIZES BINGO GAMES WEEKLY FOR HOMEOWNERS


TRAVEL CLUB - ORGANIZES TRIPS FOR HOMEOWNERS


MISCELLANEOUS ACTIVITIES - ORGANIZES MISCELLANEOUS ACTIVITIES FOR HOMEOWNERS WITHIN THE DEVELOPMENT


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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$71,763
Investment income $3
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 $72,352

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