Inverness Forest Association Inc

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

EIN: 237162983 ✦ Olney, MD ✦ Designated as a 501(c)(4)

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Overview

What is Inverness Forest Association Inc?

Inverness Forest Association Inc is a nonprofit organization, home to 304 property owners, whose primary duty is to oversee and enhance the maintenance of the shared common area. They are committed to managing necessary taxes, services, and facilities related to this common area. This association's mission is to ensure the well-being and upkeep of the common property, contributing to a harmonious living environment for its members.

Is Inverness Forest Association Inc legitimate?

Inverness Forest Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Inverness Forest Association Inc 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 Inverness Forest Association Inc?

The Inverness Forest Association Inc, serving a community of 304 homeowners, is dedicated to ensuring the upkeep and enhancement of the common area. Their mission encompasses the responsibility for related taxes, services, and necessary facilities to maintain the shared property. This association works diligently to provide and manage the essentials required for the well-being of the community.

Who is the CEO of Inverness Forest Association Inc?

Bernal Jimenez is the President of Inverness Forest Association Inc.

What is the revenue of Inverness Forest Association Inc?

Inverness Forest Association Inc's revenue in 2022 was $275,951.

Who are the executives of Inverness Forest Association Inc and what are their salaries?

There 5 volunteers at Inverness Forest Association Inc.


Here are 5 key members and their salaries:


Bernal Jimenez (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penny Khan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Uhr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Dromerick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gino Parisi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Inverness Forest Association Inc?

Inverness Forest Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Inverness Forest Association Inc

The Inverness Forest Association, as a nonprofit organization, is committed to enhancing and preserving the common area for the benefit of its 304 homeowners. This involves overseeing necessary taxes, services, and facilities related to the common area. In essence, the association's mission is to ensure the well-being and upkeep of the shared property, contributing to a harmonious living environment for its members.

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Impact




October, 2024

Inverness Forest Association Inc plays a vital role in enhancing the quality of life for the 304 homeowners in Olney, MD, by ensuring the upkeep and improvement of common areas. This commitment fosters a sense of community, property value, and overall satisfaction among residents. Through the maintenance of shared facilities and services, the association not only preserves the aesthetic appeal and functionality of the neighborhood but also manages necessary taxes that contribute to its operational sustainability. Their efforts create a harmonious living environment that encourages community engagement and supports the well-being of all residents.




This information is meant to be a general summary of Inverness Forest Association Inc. 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
$275,951 (2022)
Expenses
$273,117 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,920
  • Gross Receipts: $275,951

Assets and Liabilities:

  • Total Assets: $643,578
  • Total Liabilities: $68,801
  • Net Assets: $574,777

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Organization Details

Founding Year

1969

Principal Officer

Bernal Jimenez

Main Address

3414 Morningwood Drive, Olney, MD, 20832

NTEE Category

Code: L50 - Housing

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