Redmond Ridge Residential Owners
- Assets
- $1.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Redmond, WA
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 91-2024472
Organization Overview
Redmond Ridge Residential Owners is located in Redmond, WA. The organization was established in 2001. 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. Redmond Ridge Residential Owners 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, Redmond Ridge Residential Owners generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 4.2% 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 COMMUNITY VALUES AND MAINTAIN THE INTEGRITY AND AESTHETICS OF REDMOND RIDGE THROUGH THE MAINTENANCE AND CARE OF THE COMMUNITY'S COMMON AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES FOR THE GENERAL MAINTENANCE AND CARE OF THE COMMON AREAS OF REDMOND RIDGE. THE ASSOCIATION ALSO HOSTS COMMUNITY EVENTS, PARTIES AND CLUBS FOR THE BENEFIT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Hajicek President | Officer | 2 | $0 |
Michael Del Vaglio Treasurer | Officer | 2 | $0 |
Sumit Parkh Secretary | Officer | 2 | $0 |
Sandy Cobb Association | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rmi Resource Management Inc On-site Mgmt. | 12/30/21 | $362,889 |
Northwest Landscape Services Landscape | 12/30/21 | $310,598 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,265 |
| 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 | $65,265 |
| Total Program Service Revenue | $1,406,867 |
| Investment income | $9,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,972 |
| 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 | $1,503,480 |
| 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 | $364,774 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,350 |
| Fees for services: Legal | $14,981 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $64,675 |
| 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 | $35,102 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,432 |
| All other expenses | $154,880 |
| Total functional expenses | $1,392,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,358,348 |
| Savings and temporary cash investments | $482,678 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,623 |
| 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 | $1,457 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,607 |
| Total assets | $1,854,713 |
| Accounts payable and accrued expenses | $58,402 |
| Grants payable | $0 |
| Deferred revenue | $43,664 |
| 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 | $1,474,229 |
| Total liabilities | $1,576,295 |
| Net assets without donor restrictions | $278,418 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,854,713 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunriver Owners Association Sunriver, OR | $34,928,405 | $11,186,087 |
Black Butte Ranch Association Black Butte Ranch, OR | $78,539,859 | $9,586,570 |
Sudden Valley Comm Assoc Bellingham, WA | $20,952,447 | $5,164,417 |
Wainwright Cooperative Association Wainwright, AK | $1,332,722 | $3,626,498 |
Home Builders Assn Of Metropolitan Portland Lake Oswego, OR | $4,479,239 | $2,722,641 |
Crooked River Ranch Club & Maintenance Association Crooked River Ranch, OR | $5,210,101 | $3,319,279 |
Community Alliance Of Tenants Portland, OR | $1,034,001 | $2,649,829 |
Desert Aire Owners Association Mattawa, WA | $7,989,613 | $2,793,140 |
Snoqualmie Ridge Residential Owners Association Snoqualmie, WA | $2,466,155 | $1,515,533 |
Building Owners And Managers Association Of Seattle Seattle, WA | $1,124,627 | $1,499,763 |
Redmond Ridge Residential Owners Redmond, WA | $1,854,713 | $1,503,480 |
The Ontario Center Owners Association Nine Mile Falls, WA | $1,547,495 | $1,593,017 |