Overview
What is Morgan Trace Homeowners Association?
The Morgan Trace Homeowners Association is a nonprofit organization situated in Valdese, North Carolina. Its primary function is to collect recurring monthly dues from homeowners and manage their associated expenses. This includes payment of utilities, insurance, landscaping maintenance, and various other fees as part of its mission. The organization's programs primarily focus on the collection of dues and handling the monthly expense payments.
Is Morgan Trace Homeowners Association legitimate?
Morgan Trace Homeowners Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Morgan Trace Homeowners 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 Morgan Trace Homeowners Association?
The Morgan Trace Homeowners Association's mission involves collecting monthly dues from its members and using these funds to cover various expenses, including utilities, insurance, and landscaping maintenance. This association is dedicated to ensuring the upkeep of its community by managing these financial aspects. Its primary activities revolve around the collection of monthly dues and the subsequent payment of these expenses.
Who is the CEO of Morgan Trace Homeowners Association?
Sylvia Lail is the President of Morgan Trace Homeowners Association.
What is the revenue of Morgan Trace Homeowners Association?
Morgan Trace Homeowners Association's revenue in 2022 was $95,400.
Who are the executives of Morgan Trace Homeowners Association and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Compensation: $600
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- Other: $0
Where can I find the form 990EZ for Morgan Trace Homeowners Association?
Morgan Trace Homeowners Association's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Morgan Trace Homeowners Association
The Morgan Trace Homeowners Association, in its mission, collects monthly dues from the homeowners under its jurisdiction. Utilizing these funds, the association assumes the responsibility for paying various expenses such as utilities, insurance, and landscaping maintenance on a regular basis. The organization's programs primarily revolve around the collection of these dues and the subsequent allocation of resources for the benefit of its members. By managing these essential expenses, the Morgan Trace Homeowners Association ensures a harmonious and well-maintained living environment for its community members.
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Impact
October, 2024
The Morgan Trace Homeowners Association plays a significant role in maintaining and enhancing the quality of life for residents. By collecting monthly dues from homeowners, the association ensures that essential services such as utilities, insurance, and landscaping maintenance are consistently funded and managed. This financial support contributes to the overall upkeep and attractiveness of the community, fostering a sense of pride among residents.
Furthermore, the association's activities promote a well-maintained environment, which can positively impact property values and encourage a strong sense of community. By organizing and overseeing various maintenance programs, the Morgan Trace Homeowners Association helps create a safe and pleasant living space in Valdese, NC, ultimately strengthening neighborhood ties and enhancing residents' overall quality of life.
This information is meant to be a general summary of Morgan Trace Homeowners 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: $95,400
Assets and Liabilities:
- Total Assets: $89,711
- Total Liabilities: $0
- Net Assets: $89,711
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Organization Details
Phone
(828) 874-0514Principal Officer
Sylvia Lail
Main Address
PO BOX 1236, VALDESE, NC, 28690
NTEE Category
Code: L50 - Housing
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