Drum Point Property Association Inc

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

EIN: 521361680 ✦ Lusby, MD ✦ Designated as a 501(c)(4)

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Overview

What is Drum Point Property Association Inc?

Drum Point Property Association Inc is a nonprofit organization based in Lusby, Maryland, with a single employee. Its primary mission is to ensure the well-being of its property owners and safeguard the environmental conditions within the Drum Point Subdivision. This involves maintaining the common elements of the community infrastructure and fostering social, economic, cultural, recreational, and environmental conditions within the subdivision. The association promotes its objectives through various activities, aiming to enhance the overall quality of life for its members.


Official website here: www.dppoa.org

Is Drum Point Property Association Inc legitimate?

Drum Point Property Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Drum Point Property 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: $76,218

For more financial information, click here


Official website here: www.dppoa.org

What is the mission statement of Drum Point Property Association Inc?

The Drum Point Property Association Inc's mission is centered around promoting the well-being of its property owners and safeguarding the environmental conditions within the Drum Point Subdivision. In pursuit of this goal, the association works towards the maintenance of the community's shared infrastructure and strives to enhance the social, economic, cultural, recreational, and environmental aspects within the subdivision. In essence, their mission is to ensure a harmonious and well-maintained living environment for the property owners while respecting and preserving the natural surroundings.


Official website here: www.dppoa.org

Who is the CEO of Drum Point Property Association Inc?

Anthony Spakauskas is the Vice President of Drum Point Property Association Inc.


Official website here: www.dppoa.org

What is the revenue of Drum Point Property Association Inc?

Drum Point Property Association Inc's revenue in 2023 was $473,181.


Official website here: www.dppoa.org

Who are the executives of Drum Point Property Association Inc and what are their salaries?

The average compensation at Drum Point Property Association Inc during 2023 was $76,218. There is 1 employee and 8 volunteers at Drum Point Property Association Inc.


Here are 8 key members and their salaries:


Michael Snapp (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Spakauskas (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Andre (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Blades (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Asha Andreas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Rork (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ginny Rice (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Fine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dppoa.org

Where can I find the form 990 for Drum Point Property Association Inc?

Drum Point Property Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.dppoa.org

Learn more at the official website: www.dppoa.org

Mission Statement of Drum Point Property Association Inc

Drum Point Property Association Inc, a nonprofit organization, is committed to promoting the general welfare of its property owners and safeguarding the environmental conditions within the Drum Point subdivision. Their mission is multifaceted, encompassing the maintenance and upkeep of the community's shared infrastructure, as well as fostering a conducive social, economic, cultural, recreational, and environmental environment within the subdivision. The association's efforts are geared towards ensuring the overall well-being and satisfaction of its property owner members, while also maintaining a harmonious balance with the environment.

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Impact




October, 2024

Drum Point Property Association Inc significantly enhances the quality of life for residents in the Drum Point subdivision by focusing on the general welfare of property owners and maintaining environmental integrity. By overseeing the upkeep and maintenance of community infrastructure, the association ensures that common areas are well-managed and accessible, fostering a sense of belonging among residents.

Furthermore, the association actively promotes social, economic, cultural, recreational, and environmental conditions that enrich community life. Through organized events and initiatives, it encourages engagement and camaraderie among neighbors, creating a vibrant community atmosphere. Environmental stewardship is also a key component of its mission, as efforts to protect and enhance local natural conditions contribute to the overall health and beauty of the area.

In essence, Drum Point Property Association Inc plays a crucial role in maintaining the character and sustainability of the subdivision, enhancing property values, and providing a supportive community for all residents.




This information is meant to be a general summary of Drum Point Property 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
$473,181 (2023)
Expenses
$424,983 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $160
  • Program Service Revenue: $472,806
  • Gross Receipts: $473,181

Assets and Liabilities:

  • Total Assets: $940,849
  • Total Liabilities: $449,336
  • Net Assets: $491,513

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Programs

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

OWNER ASSESSMENTS

Revenue

$277,861

ROAD FEES

Revenue

$170,703

SHUR FUNDS

Revenue

$24,242

Organization Details

Founding Year

1972

Principal Officer

Anthony Spakauskas

Main Address

401 LAKE DRIVE, Lusby, MD, 20657

NTEE Category

Code: L50 - Housing

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