Civic Intelligence

Inverness Forest Association Inc C/O Comsource Property Management

990 • Fiscal year 2016 • EIN 23-7162983

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 25, 2017

Organization ProfileWWW.INVERNESSVILLAGE.ORG
3414 Morningwood DrOlney, MD 20832

(301) 924-7355

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.05x

Higher debt load relative to assets than 44% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.33x

Higher debt load relative to revenue than 65% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Net Margin

25th percentile

-4.4%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$0

Higher top officer pay than 59% of similar nonprofits.

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

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Asset Growth

41st percentile

0.2%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

53rd percentile

2.5%

Faster revenue growth than 53% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$1,680,441

Up $3,302 (+0.2%) from 2015

Net Assets

Down

$1,604,610

Down $10,141 (-0.6%) from 2015

Liabilities

Up

$75,831

Up $13,443 (+22%) from 2015

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin25th percentile

Revenue

Up

$229,450

Up $5,543 (+2.5%) from 2015

Expenses

Down

$239,591

Down $2,338 (-1.0%) from 2015

Net Income

Up

-$10,141

Up $7,881 (+44%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,789,410Liabilities 2012: $50,952Net Assets 2012: $1,738,4582012Assets 2013: $1,701,522Liabilities 2013: $10,390Net Assets 2013: $1,691,1322013Assets 2014: $1,693,114Liabilities 2014: $60,341Net Assets 2014: $1,632,7732014Assets 2015: $1,677,139Liabilities 2015: $62,388Net Assets 2015: $1,614,7512015Assets 2016: $1,680,441Liabilities 2016: $75,831Net Assets 2016: $1,604,6102016Assets 2017: $1,721,592Liabilities 2017: $68,528Net Assets 2017: $1,653,0642017Assets 2018: $1,736,477Liabilities 2018: $54,520Net Assets 2018: $1,681,9572018Assets 2019: $546,362Liabilities 2019: $67,577Net Assets 2019: $478,7852019Assets 2020: $568,638Liabilities 2020: $64,849Net Assets 2020: $503,7892020Assets 2021: $631,650Liabilities 2021: $59,707Net Assets 2021: $571,9432021Assets 2022: $643,578Liabilities 2022: $68,801Net Assets 2022: $574,7772022Assets 2023: $681,914Liabilities 2023: $90,429Net Assets 2023: $591,4852023Assets 2024: $734,412Liabilities 2024: $82,924Net Assets 2024: $651,4882024

Highlighted filing

2016

Assets$1,680,441
Liabilities$75,831
Net Assets$1,604,610
Open 2016 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KExpenses 2012: $391,4462012Revenue 2013: $211,406Expenses 2013: $258,732Net Income 2013: -$47,3262013Revenue 2014: $217,728Expenses 2014: $276,087Net Income 2014: -$58,3592014Revenue 2015: $223,907Expenses 2015: $241,929Net Income 2015: -$18,0222015Revenue 2016: $229,450Expenses 2016: $239,591Net Income 2016: -$10,1412016Revenue 2017: $236,432Expenses 2017: $174,273Net Income 2017: $62,1592017Revenue 2018: $248,550Expenses 2018: $220,607Net Income 2018: $27,9432018Revenue 2019: $258,684Expenses 2019: $182,738Net Income 2019: $75,9462019Revenue 2020: $261,922Expenses 2020: $236,918Net Income 2020: $25,0042020Revenue 2021: $269,059Expenses 2021: $200,905Net Income 2021: $68,1542021Revenue 2022: $275,951Expenses 2022: $273,117Net Income 2022: $2,8342022Revenue 2023: $291,307Expenses 2023: $268,609Net Income 2023: $22,6982023Revenue 2024: $306,659Expenses 2024: $264,205Net Income 2024: $42,4542024

Highlighted filing

2016

Revenue$229,450
Expenses$239,591
Net Income-$10,141
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 25, 2017
Return Version
2016v3.0
Gross Receipts
$229,450
Mission and Program Overview

Mission

To maintain homeowners common property

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,280,131$1,279,794▼ $337
Savings and Temporary Cash Investments$271,312$244,164▼ $27,148
Cash and Non-Interest-Bearing Accounts$120,458$152,792▲ $32,334
Prepaid Expenses and Deferred Charges$3,059$2,975▼ $84
Accounts Receivable$2,128$704▼ $1,424
Total Assets$1,677,139$1,680,441▲ $3,302
Other Assets Total$51$12▼ $39
Liabilities
Other Liabilities$58,996$69,537▲ $10,541
Accounts Payable and Accrued Expenses$3,392$6,294▲ $2,902
Total Liabilities$62,388$75,831▲ $13,443
Net Assets / Fund Balance
Unrestricted Net Assets$1,362,672$1,390,204▲ $27,532
Temporarily Rstr Net Assets$252,079$214,406▼ $37,673
Total Net Assets Fund Balance$1,614,751$1,604,610▼ $10,141
Total Liabilities and Net Assets / Fund Balance$1,677,139$1,680,441▲ $3,302

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,273,859-$1,273,859
Leasehold Improvements$5,935$640,581$646,516
Compensation and Service Providers
Top Officer Pay59th percentile

Board Members and Trustees

NameTitle
Bernal JimenezPresident
Chris DromerickDirector
Danny UhDirector
Gino ParisiDirector
Glenna BernardDirector
David KellySecretary
Vanessa MoglinTreasurer
Sam DesouzaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$227,390
Investment Income
$935
Other Revenue
$1,125
Change in Net Assets
$-10,141

Audited Revenue Reconciliation

Revenue per Audited Statements
$229,450
Total Revenue per Audited Statements
$229,450
Total Revenue per Form 990
$229,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$36,056-$36,056
All Other Expenses$22,037$3,265-$25,302
Other Expenses$21,485--$21,485
Insurance-$7,823-$7,823
Fees for Services Accounting-$3,930-$3,930
Fees for Services Legal-$2,942-$2,942
Office Expenses-$1,884-$1,884
Depreciation Depletion-$338-$338
Total Functional Expenses$183,353$56,238$0$239,591

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$239,591
Total Expenses per Audited Statements$239,591
Total Expenses per Form 990$239,591
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Assessments$69,537
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The treasurer will review the form 990 for accuracy and then forward it to the rest of the board for approval.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Inverness Forest Association Inc
EIN
23-7162983
Address
3414 MORNINGWOOD DR, OLNEY, MD 20832

Signing Officer

Name
Bernal Jimenez
Title
President
Signed
2017-04-25

Organization Details

Principal Officer
Bernal Jimenez
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Deleon & Stang Cpas and Advisors
Address
100 LAKEFOREST BLVD STE 650, GAITHERSBURG, MD 20877-2609
Preparer
Allen P Deleon CPA
Phone
3019489825
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“The volunteers help in overlooking the daily operations of the organization. The volunteers do not receive any benefits or compensation.”

Form 990, Part IX, Line 11G

“Management fees 0 36,056 0”

Form 990, Part IX, Line 24E

“Site maintenance 11,615 0 0 electricity 4,937 0 0 property tax 3,948 0 0 community expenses 0 3,903 0 geo-technical survey 1,537 0 0 miscellaneous 0 660 0 bad debts (recoveries) 0 -1,298 0 total 22,037 3,265 0”

Raw XML Appendix319 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE VOLUNTEERS HELP IN OVERLOOKING THE DAILY OPERATIONS OF THE ORGANIZATION. THE VOLUNTEERS DO NOT RECEIVE ANY BENEFITS OR COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER WILL REVIEW THE FORM 990 FOR ACCURACY AND THEN FORWARD IT TO THE REST OF THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT FEES 0 36,056 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SITE MAINTENANCE 11,615 0 0 ELECTRICITY 4,937 0 0 PROPERTY TAX 3,948 0 0 COMMUNITY EXPENSES 0 3,903 0 GEO-TECHNICAL SURVEY 1,537 0 0 MISCELLANEOUS 0 660 0 BAD DEBTS (RECOVERIES) 0 -1,298 0 TOTAL 22,037 3,265 0
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IRS990/TotalLiabilitiesGrp/BOYAmt062388
IRS990/TotalLiabilitiesGrp/EOYAmt075831
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01614751
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01604610
IRS990/TotalProgramServiceExpensesAmt0183353
IRS990/TotalProgramServiceRevenueAmt0227390
IRS990/TotalRevenueGrp/ExclusionAmt0935
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0228515
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0229450
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01677139
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01680441
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01362672
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01390204
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03414 MORNINGWOOD DRIVE
IRS990/USAddress/CityNm0OLNEY
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020832
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.INVERNESSVILLAGE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BERNAL JIMENEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INVERNESS FOREST ASSOCIATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O COMSOURCE PROPERTY MANAGEMENT
ReturnHeader/Filer/BusinessNameControlTxt0INVE
ReturnHeader/Filer/EIN0237162983
ReturnHeader/Filer/USAddress/AddressLine1Txt03414 MORNINGWOOD DR
ReturnHeader/Filer/USAddress/CityNm0OLNEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020832
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId083FFADC219B81C8C18365CE70201B5E4B16A508E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0985D3BA55CFBBE7BE26C3D5E217708E817E77A5A
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521373858
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DELEON & STANG CPAS AND ADVISORS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 LAKEFOREST BLVD STE 650
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GAITHERSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208772609
ReturnHeader/PreparerPersonGrp/PhoneNum03019489825
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALLEN P DELEON CPA
ReturnHeader/ReturnTs02017-05-04T11:35:34-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,680,441
Liabilities
$75,831
Net assets
$1,604,610
Revenue
$229,450
Expenses
$239,591
Net income
-$10,141
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.08$0.65$0.31$0.26$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.09$0.59$0.29$0.27$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.07$0.57$0.28$0.27$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.06$0.57$0.27$0.20$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.06$0.50$0.26$0.24$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.07$0.48$0.26$0.18$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.74$0.05$1.68$0.25$0.22$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.07$1.65$0.24$0.17$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.68$0.08$1.60$0.23$0.24$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.68$0.06$1.61$0.22$0.24$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.06$1.63$0.22$0.28$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$0.21$0.26$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.05$1.74$0.39