Dreamland Villa Retirement Community
- Assets
- $801.5k
- Revenue
- $551.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Mesa, AZ
- Founding
- 05/1964
- Data as of
- 12/2021
- EIN
- 86-6051039
Organization Overview
Dreamland Villa Retirement Community is located in Mesa, AZ. The organization was established in 1964. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Dreamland Villa Retirement Community employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreamland Villa Retirement Community 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, Dreamland Villa Retirement Community generated $551.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $518.9k during the year ending 12/2021. While expenses have increased by 4.4% 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
OUR MISSION IS TO OFFER EVENTS, ACTIVITIES AND FACILITIES FOR THE ENJOYMENT OF OUR RESIDENTS AND TO MAINTAIN DREAMLAND VILLA'S STATUS AS A 55+ AGE-RESTRICTED RETIREMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL AND COMMUNITY ACTIVITIES FOR THE MEMBERS, FAMILIES AND GUESTS. THESE ACTIVITIES INCLUDE SOCIAL CLUBS, FITNESS, EDUCATION, ENTERTAINMENT AND WELL BEING CLASSES AND ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johna Sharp President | OfficerTrustee | 8 | $0 |
Kathryn Chismar Secretary | OfficerTrustee | 1 | $0 |
Kim Rogers Vice President | OfficerTrustee | 2 | $0 |
Earl Munday Director | Trustee | 2 | $0 |
Allees Cohrt Director | Trustee | 1 | $0 |
Ron Reed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $326,489 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $349,119 |
| Total Program Service Revenue | $53,281 |
| Investment income | $89 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,400 |
| Net Gain/Loss on Asset Sales | $135,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $551,889 |
| 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 | $159,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,060 |
| Payroll taxes | $14,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,586 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,027 |
| Advertising and promotion | $0 |
| Office expenses | $11,128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,325 |
| Travel | $2,193 |
| 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 | $46,140 |
| Insurance | $49,582 |
| All other expenses | $9,353 |
| Total functional expenses | $518,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,139 |
| Savings and temporary cash investments | $356,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $187,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $801,537 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $184,795 |
| 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 | $104,137 |
| Total liabilities | $288,932 |
| 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 | $512,605 |
| Total liabilities and net assets/fund balances | $801,537 |
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