Overview
What is Ardencroft Association?
The Ardencroft Association is a nonprofit organization situated in Wilmington, Delaware, with a population of approximately 275 residents. Established in 1950, the association manages a community known as the Village of Ardencroft, which is part of 17 enclaves of economic rent. The organization follows the single tax philosophy of Henry George, meaning homeowners own their properties and pay land rent to the community. The association is responsible for paying school and county taxes on land and buildings, as well as trash and recycling costs, on behalf of the property owners. The organization is governed by three directors and maintains public works such as parks, streets, and footpaths within the village.
Is Ardencroft Association legitimate?
Ardencroft Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Ardencroft Association 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:
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Other Salaries and Wages: $0
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What is the mission statement of Ardencroft Association?
The Ardencroft Association, a nonprofit organization, is primarily focused on managing the financial aspect of its community. Following the Single Tax philosophy of Henry George, homeowners pay land rent to the association, which in turn covers property and school taxes, as well as waste management costs, on behalf of the residents. The association, managed by three directors, holds the land for the community, which includes maintaining public works such as parks, streets, and footpaths. The association's mission is to take care of the financial obligations related to property and school taxes for the approximately 275 residents of its community.
Who is the CEO of Ardencroft Association?
James Schwaber is the Director of Ardencroft Association.
What is the revenue of Ardencroft Association?
Ardencroft Association's revenue in 2022 was $388,166.
Who are the executives of Ardencroft Association and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Ardencroft Association?
Ardencroft Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ardencroft Association
The Ardencroft Association, a nonprofit corporation established in 1950, is committed to managing land for the benefit of its residents. With a population of approximately 275, this organization follows the single tax philosophy of Henry George, where homeowners own their properties and pay land rent to the community. The Association takes care of the payment of county property taxes and school taxes for the property owners and residents of the village. It operates under a revenue structure where homeowners are the property owners, and they pay land rent to the community, which in turn covers the costs of trash and recycling, as well as school and county taxes on land and buildings.
The Ardencroft Association is managed by three directors and operates according to a unique lease system. Leases are granted for 99 years, are transferable and renewable, and the Association is responsible for maintaining parks, streets, and footpaths that criss-cross the village, along with other public works. The Village of Ardencroft, founded in 1950, also shares this responsibility, ensuring that the residents of Ardencroft Association enjoy a well-maintained living environment. The mission of Ardencroft Association can be summarized as taking care of the financial responsibilities of the property owners and residents, while also maintaining the public infrastructure of the village, all in accordance with the single tax philosophy.
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Impact
October, 2024
Ardencroft Association plays a significant role in the management and sustainability of the community of Ardencroft, a small village with a population of approximately 275 residents. Established in 1950, the association is a key entity in preserving the unique economic and social fabric of the village, which is structured around the single tax philosophy rooted in the ideas of Henry George. This approach allows homeowners to retain ownership of their homes while paying a land rent to the community, which collectively funds essential services such as school and county taxes, trash collection, and recycling.
The impact of the Ardencroft Association extends beyond fiscal responsibilities; it ensures the maintenance and improvement of public spaces, including parks, streets, and footpaths that weave throughout the village. This focus on shared responsibility fosters a sense of community among residents and supports a vibrant, interconnected living environment.
Through its management of land leases, which are transferable and renewable for 99 years, the association helps stabilize property values and provides a framework for long-term community planning. Overall, Ardencroft Association's commitment to community welfare and sustainable living creates a distinctive and harmonious village life for its residents.
This information is meant to be a general summary of Ardencroft 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.
- Investment Income: $5,385
- Program Service Revenue: $382,781
- Gross Receipts: $388,166
Assets and Liabilities:
- Total Assets: $205,699
- Total Liabilities: $0
- Net Assets: $205,699
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAND RENTS
Revenue
$354,873
TRASH FEES
Revenue
$27,058
ADMIN FEES
Revenue
$850
Organization Details
Founding Year
1950
Phone
(302) 475-7074Principal Officer
James Schwaber
Main Address
2121 THE HIGHWAY, WILMINGTON, DE, 19810
NTEE Category
Code: L50 - Housing
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