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Preserve Master Community Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202322652 ✦ Irvine, CA ✦ Designated as a 501(c)(4)

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Overview

What is Preserve Master Community Corp?

Preserve Master Community Corp is a nonprofit organization established to manage and maintain recreational facilities, as well as cover common expenses and landscaping in a community area called The Preserve. This master-planned community, spanning over 1,000 acres with approximately 33 acres dedicated to parks, aims to include 8,104 homes upon completion. The primary mission of Preserve Master Community Corp is to ensure that these recreational facilities and common areas remain accessible to both community members and the public for their enjoyment and benefit.

Is Preserve Master Community Corp legitimate?

Preserve Master Community Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Preserve Master Community Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Preserve Master Community Corp?

The Preserve Master Community Corp's mission is centered around maintaining recreational facilities and common areas, ensuring they remain accessible to both community members and the public. This organization was established with the purpose of overseeing the upkeep of community recreational spaces, managing certain common expenses, and maintaining common landscape areas. The Preserve, a master-planned community spanning over 1,000 acres, is the primary focus of their efforts. At full development, the association will encompass 8,104 homes, with approximately 33 acres dedicated to parks within this community.

Who is the CEO of Preserve Master Community Corp?

Jason Wong is the Member-At-La of Preserve Master Community Corp.

What is the revenue of Preserve Master Community Corp?

Preserve Master Community Corp's revenue in 2022 was $1,831,343.

Who are the executives of Preserve Master Community Corp and what are their salaries?


Here are 5 key members and their salaries:


Bryant Mok (Member-At-La)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Atkins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darius Fatakia (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Loy (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Wong (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Preserve Master Community Corp?

Preserve Master Community Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Preserve Master Community Corp

Preserve Master Community Corp, a nonprofit organization, is dedicated to maintaining recreational facilities and other common areas, ensuring they remain accessible to both community members and the public. This mission is a crucial part of the association's purpose, which was established to oversee the upkeep of community recreational facilities, manage certain common expenses, and maintain common landscape areas. The Preserve, a master-planned community spanning over 1,000 acres, is the primary focus of their efforts. The community includes approximately 33 acres dedicated to parks. By the time the association reaches its full potential, it will encompass 8,104 homes. In essence, Preserve Master Community Corp works tirelessly to enhance the quality of life for its community members by maintaining and preserving shared recreational spaces, thereby fostering a sense of unity and community spirit.

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Impact




October, 2024

Preserve Master Community Corp significantly enhances the quality of life for residents and visitors in the Preserve area by maintaining recreational facilities and common areas that are essential for community well-being. Covering over 1,000 acres, including approximately 33 acres of parks, this organization plays a crucial role in ensuring that these spaces remain accessible and well-maintained for public use.

The emphasis on community welfare is evident in its commitment to fostering an environment where individuals and families can enjoy recreational activities and outdoor experiences. By managing common landscaping and community amenities, Preserve Master Community Corp not only beautifies the area but also promotes social interaction among residents, thus enhancing community cohesion.

At full build-out, with plans for 8,104 homes, the organization's efforts will become even more vital in supporting a growing community. The recreational facilities and common areas provided add significant value to the neighborhood, making it a desirable place to live and visit in Irvine, California. The impact of this organization extends beyond maintenance; it creates a vibrant community atmosphere that encourages healthy lifestyles, social engagement, and environmental stewardship.




This information is meant to be a general summary of Preserve Master Community Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,831,343 (2022)
Expenses
$1,896,169 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,748
  • Program Service Revenue: $1,672,518
  • Gross Receipts: $1,831,343

Assets and Liabilities:

  • Total Assets: $2,409,175
  • Total Liabilities: $204,485
  • Net Assets: $2,204,690

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBER ASSESSMENTS

Revenue

$1,672,518

Organization Details

Founding Year

2004

Principal Officer

Jason Wong

Main Address

15241 LAGUNA CANYON ROAD, IRVINE, CA, 92618

NTEE Category

Code: L50 - Housing

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