Overview
What is Preakness Valley Condo Association?
The Preakness Valley Condo Association is a nonprofit organization that plays a crucial role in managing and maintaining the common areas shared by condominium owners. Their primary mission involves overseeing the upkeep and repair of these shared spaces, ensuring a harmonious living environment for the residents. By successfully executing their responsibilities, they contribute significantly to the overall welfare of the condominium community.
Is Preakness Valley Condo Association legitimate?
Preakness Valley Condo Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Preakness Valley Condo Association submitted a form 990EZ, 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.
What is the mission statement of Preakness Valley Condo Association?
The Preakness Valley Condo Association's primary mission revolves around maintaining and preserving the shared common area of the condominium units. They effectively manage, maintain, and carry out necessary repairs on this shared property, ensuring it remains in good condition for the benefit of the condo owners. The association's role is crucial in fostering a well-maintained and harmonious living environment within the condominium community.
Who is the CEO of Preakness Valley Condo Association?
Unavailable
What is the revenue of Preakness Valley Condo Association?
Preakness Valley Condo Association's revenue in 2022 was $135,000.
Who are the executives of Preakness Valley Condo Association and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Preakness Valley Condo Association?
Preakness Valley Condo Association's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Preakness Valley Condo Association
Preakness Valley Condo Association, in its mission, has effectively managed and preserved the common property shared amongst the condominium owners. The primary role of this organization is to maintain, repair, and oversee the common area real estate, ensuring a harmonious living environment for all its members. By successfully carrying out these responsibilities, the Association has demonstrated its commitment to enhancing the quality of life for its members.
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Impact
October, 2024
Preakness Valley Condo Association plays a crucial role in enhancing community living in Wayne, NJ. By effectively managing and maintaining the common areas shared by condominium owners, the Association fosters a well-kept and welcoming environment. This consistent upkeep not only preserves property values but also promotes a sense of community among residents. The Association's dedication to repairing and maintaining shared spaces ensures that all residents can enjoy their surroundings, leading to increased satisfaction and a stronger neighborhood bond. Through its efforts, Preakness Valley Condo Association significantly contributes to the overall quality of life for its members.
This information is meant to be a general summary of Preakness Valley Condo Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $135,000
Assets and Liabilities:
- Total Assets: $45,108
- Total Liabilities: $26,819
- Net Assets: $18,289
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Organization Details
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