Wailea Community Association
- Assets
- $3.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 21
- Location
- Wailea, HI
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 99-0254085
Organization Overview
Wailea Community Association is located in Wailea, HI. The organization was established in 1995. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Wailea Community Association employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wailea Community Association 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, Wailea Community Association generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 1.2% 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
EXEMPT PURPOSE OF THE ORGANIZATION IS TO OPERATE, MANAGE, ADMINISTER, MAINTAIN, AND LANDSCAPE VARIOUS COMMON PROPERTY, AS DEFINED IN THE CC&RS/BYLAWS. TO PERFORM AND PROVIDE FOR VARIOUS SERVICES NECESSARY OR DESIRABLE FOR THE BENEFIT OF THE OWNERS AND OCCUPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF COMMON ELEMENTS
SECURITY OF COMMON ELEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Pikrone Manager | Officer | 40 | $181,899 |
Lloyd Ettinger President | OfficerTrustee | 1 | $0 |
Eric Gerlach Vice Preside | OfficerTrustee | 1 | $0 |
Maynard Torchiana Treasurer | OfficerTrustee | 1 | $0 |
Anne Takabuki Secretary | OfficerTrustee | 1 | $0 |
Brian Ward Class A Dire | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mepps Security | 12/30/21 | $742,704 |
Department Of Water Supply Water Supply | 12/30/21 | $276,999 |
Trees Of Hawaii Tree Trimming | 12/30/21 | $216,003 |
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 | $3,846,522 |
| Investment income | $195 |
| 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 | $3,847,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,624 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,679 |
| Compensation of current officers, directors, key employees. | $195,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $830,033 |
| Pension plan accruals and contributions | $20,350 |
| Other employee benefits | $121,426 |
| Payroll taxes | $80,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,371 |
| Fees for services: Accounting | $39,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,489 |
| Advertising and promotion | $134,548 |
| Office expenses | $52,567 |
| Information technology | $18,500 |
| Royalties | $0 |
| Occupancy | $136,092 |
| Travel | $4,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,577 |
| Insurance | $93,768 |
| All other expenses | $20,269 |
| Total functional expenses | $3,373,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,348,483 |
| Savings and temporary cash investments | $344,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,413 |
| 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 | $22,640 |
| Net Land, buildings, and equipment | $94,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $460,362 |
| Total assets | $3,409,971 |
| Accounts payable and accrued expenses | $271,393 |
| Grants payable | $0 |
| Deferred revenue | $484,474 |
| 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 | $340,597 |
| Total liabilities | $1,096,464 |
| Net assets without donor restrictions | $2,249,566 |
| Net assets with donor restrictions | $63,941 |
| 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 | $3,409,971 |
Grants Awarded
Over the last fiscal year, Wailea Community Association has awarded $72,624 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: SUPPORT | $55,430 |
Wailuku, HI PURPOSE: SUPPORT | $10,000 |
KIHEI ELEMENTARY SCHOOL PURPOSE: SUPPORT | $7,194 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Playa Vista Parks And Landscape Corporation Playa Vista, CA | $9,652,797 | $16,407,295 |
Sun City Lincoln Hills Community Assoc Lincoln, CA | $44,085,364 | $14,902,211 |
Contract Services Administration Trust Fund Burbank, CA | $59,895,181 | $22,741,502 |
Woodbridge Village Association Irvine, CA | $45,533,220 | $10,585,872 |
Somos Mayfair Inc San Jose, CA | $6,800,573 | $9,791,764 |
Telegraph Hill Neighborhood Association San Francisco, CA | $6,597,736 | $6,953,817 |
Sequoia Plaza Mobilehome Park Corporation Santa Ana, CA | $9,927,659 | $2,117,885 |
Valley Vision Inc Sacramento, CA | $1,459,627 | $4,632,311 |
Wailea Community Association Wailea, HI | $3,409,971 | $3,847,965 |
Marina Hills Planned Community Association Irvine, CA | $4,219,321 | $2,767,415 |
Eastlake Ii Community Association Irvine, CA | $3,615,834 | $2,389,487 |
Laguna Heights Community Association Aliso Viejo, CA | $2,268,954 | $2,208,612 |