Overview
What is Montgomery Village Foundation Inc?
Montgomery Village Foundation Inc is a nonprofit organization established for the preservation, protection, and enhancement of Montgomery Village, a planned community. With an automatic membership granted upon purchasing a dwelling unit in the community, the foundation is responsible for managing, maintaining, and administrating common properties and facilities, enforcing covenants and restrictions, and collecting and distributing assessments and charges as per covenants. The primary mission of Montgomery Village Foundation Inc is to ensure the well-being and upkeep of Montgomery Village's values and amenities, providing its members with designated user facilities such as community centers, pools, and tennis courts. With a workforce of 245 employees, the foundation contributes to the overall satisfaction and lifestyle of its community members.
Official website here: www.montgomeryvillage.com
Is Montgomery Village Foundation Inc legitimate?
Montgomery Village Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Montgomery Village Foundation 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: $546,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,395,861
For more financial information, click here
Official website here: www.montgomeryvillage.com
What is the mission statement of Montgomery Village Foundation Inc?
The Montgomery Village Foundation Inc., as a non-profit membership corporation, was established with the primary objective of preserving, protecting, and enhancing the values and amenities within Montgomery Village, a planned community. The foundation has been delegated the authority to manage and maintain common properties and facilities, administer and enforce covenants and restrictions, and collect and distribute assessments and charges created by covenants. Membership in the foundation is automatic upon purchasing a dwelling unit in Montgomery Village. In essence, the mission of the Montgomery Village Foundation Inc. is to safeguard and improve the quality of life for its community members.
Official website here: www.montgomeryvillage.com
Who is the CEO of Montgomery Village Foundation Inc?
Michael Conroy is the Executive Vp of Montgomery Village Foundation Inc.
Official website here: www.montgomeryvillage.com
What is the revenue of Montgomery Village Foundation Inc?
Montgomery Village Foundation Inc's revenue in 2022 was $9,681,007.
Official website here: www.montgomeryvillage.com
Who are the executives of Montgomery Village Foundation Inc and what are their salaries?
The average compensation at Montgomery Village Foundation Inc during 2022 was $16,090. There are 245 employees and 54 volunteers at Montgomery Village Foundation Inc.
Here are 17 key members and their salaries:
- Compensation: $215,059
- Related: $0
- Other: $10,944
- Compensation: $143,523
- Related: $0
- Other: $27,312
- Compensation: $153,739
- Related: $0
- Other: $8,483
- Compensation: $142,098
- Related: $0
- Other: $7,144
- Compensation: $137,888
- Related: $0
- Other: $7,532
- Compensation: $118,408
- Related: $0
- Other: $11,664
- Compensation: $100,911
- Related: $0
- Other: $5,163
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.montgomeryvillage.com
Where can I find the form 990 for Montgomery Village Foundation Inc?
Montgomery Village Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montgomeryvillage.com
Learn more at the official website: www.montgomeryvillage.com
Mission Statement of Montgomery Village Foundation Inc
Montgomery Village Foundation, Inc., a non-profit membership corporation, was established with the primary mission of preserving, protecting, and enhancing the values and amenities within Montgomery Village, a planned community. The organization has been delegated and assigned the powers to maintain and administer the common properties and facilities, enforce the covenants and restrictions, and collect and disburse the assessments and charges created by these covenants. Membership in the Foundation is automatic upon purchasing a dwelling unit within Montgomery Village. In essence, Montgomery Village Foundation, Inc. works to safeguard and improve the overall quality of life within the community, ensuring adherence to covenants and providing necessary services to its residents.
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Impact
October, 2024
Montgomery Village Foundation Inc plays a crucial role in enhancing the quality of life within Montgomery Village by preserving and improving the community's values and amenities. It ensures the effective management and maintenance of common properties and facilities, such as community centers, pools, and tennis courts. By administering and enforcing covenants and restrictions, the Foundation helps maintain the aesthetic and operational standards that contribute to a cohesive community atmosphere.
With membership automatically conferred upon purchasing a dwelling unit, residents are invested in the Foundation's mission and take part in community governance. This fosters a sense of belonging and encourages participation in community initiatives. The designated user facilities fund specifically allows for the upkeep and operation of shared recreational resources, promoting engagement among residents. Through these efforts, the Foundation significantly impacts the community's environmental, social, and recreational landscape, thereby enhancing overall resident satisfaction and property values in Montgomery Village.
This information is meant to be a general summary of Montgomery Village Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $98,510
- Program Service Revenue: $1,368,527
- Gross Receipts: $11,801,967
Assets and Liabilities:
- Total Assets: $23,968,372
- Total Liabilities: $1,763,507
- Net Assets: $22,204,865
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
classes/other program
Revenue
$240,237
management fee income
Revenue
$889,052
pool memberships/rentals
Revenue
$201,874
Village News
Revenue
$37,364
Organization Details
Founding Year
1966
Phone
(301) 948-0110Principal Officer
Michael Conroy
Main Address
10120 APPLE RIDGE ROAD, montgomery village, MD, 20886
Website
www.montgomeryvillage.comNTEE Category
Code: S20 - Community improvement
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