Civic Intelligence

Preakness Valley Condo Association

EIN 22-3473400 • 501(c)4 • Wayne, NJ

Profile

Manage, maintain and repair common area real property.

502 Valley RoadWayne, NJ 07470

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.12x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Net Margin

42nd percentile

-1.3%

Higher net margin than 42% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2025

Asset Growth

39th percentile

-7.5%

Faster asset growth than 39% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

69th percentile

12%

Faster revenue growth than 69% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$45,155

Down $3,662 (-7.5%) from 2024

Liabilities

Down

$5,265

Down $1,706 (-24%) from 2024

Net Assets

Down

$39,890

Down $1,956 (-4.7%) from 2024

Operations
Liabilities / Revenue73rd percentileNet Margin42nd percentile

Revenue

Up

$150,781

Up $15,781 (+12%) from 2024

Expenses

Up

$152,737

Up $20,302 (+15%) from 2024

Net Income

Down

-$1,956

Down $4,521 (-176%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2022: $45,108Liabilities 2022: $26,819Net Assets 2022: $18,2892022Assets 2023: $44,798Liabilities 2023: $5,517Net Assets 2023: $39,2812023Assets 2024: $48,817Liabilities 2024: $6,971Net Assets 2024: $41,8462024Assets 2025: $45,155Liabilities 2025: $5,265Net Assets 2025: $39,8902025

Highlighted filing

2025

Assets$45,155
Liabilities$5,265
Net Assets$39,890
Open 2025 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2022: $135,000Expenses 2022: $161,643Net Income 2022: -$26,6432022Revenue 2023: $135,000Expenses 2023: $114,008Net Income 2023: $20,9922023Revenue 2024: $135,000Expenses 2024: $132,435Net Income 2024: $2,5652024Revenue 2025: $150,781Expenses 2025: $152,737Net Income 2025: -$1,9562025

Highlighted filing

2025

Revenue$150,781
Expenses$152,737
Net Income-$1,956
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,155
Liabilities
$5,265
Net assets
$39,890
Revenue
$150,781
Expenses
$152,737
Net income
-$1,956
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.45$0.05$0.40$1.51$1.53$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.49$0.07$0.42$1.35$1.32$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.06$0.39$1.35$1.14$0.21
2022Detailed filing. Detailed filing data is available for this year.$0.45$0.27$0.18$1.35$1.62$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 15, 2026
Return Version
2025v4.0
Gross Receipts
$150,781
Mission and Program Overview

Mission

Manage, maintain and repair common area real property.

Program Services

DescriptionGrantsExpenses
THE ASSOCIATION HAS SUCCESSFULLY MAINTAINED THE COMMON AREA SHARED BY OWNERS OF CONDOMINIUMS.$0$143,319
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICHOLAS TRICARICOManaging Member-$0--
Political and Lobbying Activity
In-house lobbying only
Yes
Filing and Contact Details

Filer

Filer Name
Preakness Valley Condo Association
EIN
22-3473400
Phone
9736920222
Address
502 VALLEY ROAD, WAYNE, NJ 07470

Signing Officer

Name
Nicholas Tricario
Title
Managing Member
Phone
9736920222
Signed
2026-03-15
Discuss with paid preparer
Yes

Preparer

Firm
Cohnreznick Advisory LLC
Address
14 SYLVAN WAY, PARSIPPANY, NJ 07054-3801
Preparer
Jeffrey Plattman
Phone
9732283500
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: insurance. Amount: 6,852. Description: cbt-taxes. Amount: 31. Description: bank service charge. Amount: 35. Total to form 990-ez, line 16: 6,918.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 6,971. End of year amount: 5,265.”

Raw XML Appendix99 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NICHOLAS TRICARICO
IRS990EZ/BooksInCareOfDetail/PhoneNum09736920222
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0502 VALLEY ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WAYNE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007470
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt048817
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt045155
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-1956
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02500
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt048817
IRS990EZ/Form990TotalAssetsGrp/EOYAmt045155
IRS990EZ/GrossReceiptsAmt0150781
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt0150781
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt041846
IRS990EZ/NetAssetsOrFundBalancesEOYAmt039890
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt041846
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt039890
IRS990EZ/OccupancyRentUtltsAndMaintAmt0143319
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0NICHOLAS TRICARICO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0MANAGING MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt06918
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0MANAGE, MAINTAIN AND REPAIR COMMON AREA REAL PROPERTY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ASSOCIATION HAS SUCCESSFULLY MAINTAINED THE COMMON AREA SHARED BY OWNERS OF CONDOMINIUMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0143319
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd01
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt06971
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt05265
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0152737
IRS990EZ/TotalProgramServiceExpensesAmt0143319
IRS990EZ/TotalRevenueAmt0150781
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INSURANCE. AMOUNT: 6,852. DESCRIPTION: CBT-TAXES. AMOUNT: 31. DESCRIPTION: BANK SERVICE CHARGE. AMOUNT: 35. TOTAL TO FORM 990-EZ, LINE 16: 6,918.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 6,971. END OF YEAR AMOUNT: 5,265.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NICHOLAS TRICARIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum09736920222
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PREAKNESS VALLEY CONDO ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0PREA
ReturnHeader/Filer/EIN0223473400
ReturnHeader/Filer/PhoneNum09736920222
ReturnHeader/Filer/USAddress/AddressLine1Txt0502 VALLEY ROAD
ReturnHeader/Filer/USAddress/CityNm0WAYNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007470
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0333709623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014 SYLVAN WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PARSIPPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0070543801
ReturnHeader/PreparerPersonGrp/PhoneNum09732283500
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY PLATTMAN
ReturnHeader/ReturnTs02026-03-17T19:22:30-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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