Croasdaile Village Residents Association
- Assets
- $161.7k
- Revenue
- $339.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 12/2001
- Data as of
- 09/2023
- EIN
- 91-2131887
Organization Overview
Croasdaile Village Residents Association is located in Durham, NC. The organization was established in 2001. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Croasdaile Village Residents Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Croasdaile Village Residents Association generated $339.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $338.9k during the year ending 09/2023. While expenses have increased by 7.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENTS THE APPROXIMATELY 800 RESIDENTS OF CROASDAILE VILLAGE RETIREMENT COMMUNITY IN PROMOTING THEIR WELL-BEING, PROVIDING ENJOYMENT IN RETIREMENT AND HELPING THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY, BUSINESS AND INDUSTRY PROGRAMS, GENERAL/O: COST OF OPERATION OF A PRIVATE GIFT SHOP OPERATED BY RESIDENT VOLUNTEERS TO SERVE THE NEEDS OF APPROXIMATELY 800 RESIDENTS. OPEN 7 DAYS PER WEEK, FOUR HOURS EACH DAY.
COMMUNITY, BUSINESS AND INDUSTRY PROGRAM, GENERAL/O, CHAPEL DONATIONS GRANTED TO SEVERAL COMMUNITY SERVICES/ORGANIZATIONS.
EMPLOYMENT PROGRAM GENERAL/O, APPRECIATION GIFTS ANNUALLY IN DECEMBER AND ADDITIONAL GIFTS TO RECOGNIZE ACADEMIC ACHIEVEMENTS BY APPROXIMATELY 440 FULL AND PART TIME EMPLOYEES OF CROASDAILE VILLAGE RETIREMENT COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Porter Vice President | Officer | 10 | $0 |
Marcia Mayo Recording Secretary | Officer | 15 | $0 |
Robert Brawley President | Officer | 15 | $0 |
Fred Porter Ncccra Representtive | Officer | 10 | $0 |
Barbara Hastings Past President | Officer | 5 | $0 |
Stuart Rosenstein Treasurer | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $238,842 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,314 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,156 |
| Total Program Service Revenue | $0 |
| Investment income | $604 |
| 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 | $39,201 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,650 |
| Grants and other assistance to domestic individuals. | $240,153 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| 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 | $12,900 |
| Advertising and promotion | $0 |
| Office expenses | $16,003 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $338,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,660 |
| Savings and temporary cash investments | $150,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,287 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $161,673 |
| Accounts payable and accrued expenses | $681 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $681 |
| 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 | $160,992 |
| Total liabilities and net assets/fund balances | $161,673 |
Grants Awarded
Over the last fiscal year, Croasdaile Village Residents Association has awarded $24,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
METHODIST HOME FOR CHILDREN PURPOSE: General support. | $6,000 |
UMCOR PURPOSE: General Support | $18,000 |