Civic Intelligence

Inverness Forest Association Inc C/O Comsource Property Management

990 • Fiscal year 2020 • EIN 23-7162983

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 06, 2022

Organization ProfileN/A
3414 Morningwood DriveOlney, MD 20832

(301) 924-7355

Siviq Scores

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

Liabilities / Assets

65th percentile

0.11x

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.25x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Net Margin

51st percentile

9.5%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Asset Growth

53rd percentile

4.1%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

1.3%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$568,638

Up $22,276 (+4.1%) from 2019

Net Assets

Up

$503,789

Up $25,004 (+5.2%) from 2019

Liabilities

Down

$64,849

Down $2,728 (-4.0%) from 2019

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin51st percentile

Revenue

Up

$261,922

Up $3,238 (+1.3%) from 2019

Expenses

Up

$236,918

Up $54,180 (+30%) from 2019

Net Income

Down

$25,004

Down $50,942 (-67%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2020

Assets$568,638
Liabilities$64,849
Net Assets$503,789
Open 2020 Filing

Operations Trend

Revenue Growth57th 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

2020

Revenue$261,922
Expenses$236,918
Net Income$25,004
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 6, 2022
Return Version
2020v4.1
Gross Receipts
$261,922
Mission and Program Overview

Mission

To maintain homeowners common property

Maintenance of common property

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$474,696▲ $474,696
Cash and Non-Interest-Bearing Accounts$535,735$87,502▼ $448,233
Accounts Receivable$7,621$4,759▼ $2,862
Prepaid Expenses and Deferred Charges$3,006$1,681▼ $1,325
Total Assets$546,362$568,638▲ $22,276
Liabilities
Deferred Revenue$67,170$64,276▼ $2,894
Accounts Payable and Accrued Expenses$407$573▲ $166
Other Liabilities$0$0→ $0
Total Liabilities$67,577$64,849▼ $2,728
Net Assets / Fund Balance
Net Assets With Donor Restrictions$405,516$415,534▲ $10,018
Net Assets Without Donor Restrictions$73,269$88,255▲ $14,986
Total Net Assets Fund Balance$478,785$503,789▲ $25,004
Total Liabilities and Net Assets / Fund Balance$546,362$568,638▲ $22,276
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Bernal JimenezPresident
Penny KhanVice President
Chris DromerickDirector
Gino ParisiDirector
Danny UhrSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$258,481
Program Service Revenue
$0
Investment Income
$3,441
Other Revenue
$0
Change in Net Assets
$25,004

Audited Revenue Reconciliation

Revenue per Audited Statements
$261,922
Total Revenue per Audited Statements
$261,922
Total Revenue per Form 990
$261,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,918
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
All Other Expenses$114,872$0$0$114,872
Fees for Services Management$0$39,897$0$39,897
Other Expenses$13,019$0$0$13,019
Office Expenses$0$7,801$0$7,801
Insurance$0$5,870$0$5,870
Fees for Services Accounting$0$4,600$0$4,600
Fees for Services Legal$0$2,137$0$2,137
Total Functional Expenses$176,613$60,305$0$236,918

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$236,918
Total Expenses per Audited Statements$236,918
Total Expenses per Form 990$236,918
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
none$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Inverness Forest Association Inc
EIN
23-7162983
Phone
3019247355
Address
3414 Morningwood Drive, Olney, MD 20832

Signing Officer

Name
Bernal Jimenez
Title
President
Phone
3019247355
Signed
2022-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernal Jimenez
Formed
1969
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Goldklang Group Cpas Pc
Address
1801 ROBERT FULTON DR 200, RESTON, VA 20191
Preparer
S Gail Moore CPA
Phone
7033919003
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“The Assocaition has 304 homeowner members.”

Pt VI, Line 7A

“The homeowner members elect a Board of Directors.”

Pt VI, Line 7B

“Some decisions are subject to member approval.”

Pt VI, Line 11B

“The Board of Directors review the Form 990.”

Pt VI, Line 15A

“The Association's officers and directors are not compensated.”

Pt VI, Line 19

“These documents are available to members and potential members upon request.”

Form 990, Part IX, Line 24E

“Real Estate Taxes 11740. 11740. 0. 0.”

Form 990, Part IX, Line 24E

“Repairs 59802. 59802. 0. 0.”

Form 990, Part IX, Line 24E

“Snow Removal 8280. 8280. 0. 0.”

Form 990, Part IX, Line 24E

“Tree Removal 35050. 35050. 0. 0.”

Financial Statement Notes

Pt X, Line 2

“The Association's policy is to recognize any tax penalties and interest as an expense when incurred. The Association's federal returns for the past three years remain subject to examination by the Internal Revenue Service.”

Raw XML Appendix335 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0407
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0573
IRS990/AccountsReceivableGrp/BOYAmt07621
IRS990/AccountsReceivableGrp/EOYAmt04759
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Maintenance of common property
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0114872
IRS990/AllOtherExpensesGrp/TotalAmt0114872
IRS990/AmendedReturnInd0X
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ComSource Management Inc
IRS990/BooksInCareOfDetail/PhoneNum03019247355
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03414 Morningwood Dr
IRS990/BooksInCareOfDetail/USAddress/CityNm0Olney
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020832
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0535735
IRS990/CashNonInterestBearingGrp/EOYAmt087502
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0258481
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03441
IRS990/CYOtherExpensesAmt0236918
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt025004
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0236918
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0261922
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt067170
IRS990/DeferredRevenueGrp/EOYAmt064276
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0The Association was organized to collectively maintain and preserve commonly owned properties and amenities for the pleasure and benefit of the general public.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0405516
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0415534
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0176613
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04600
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt04600
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02137
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt02137
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt039897
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt039897
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Bernal Jimenez
IRS990/Form990PartVIISectionAGrp/PersonNm1Penny Khan
IRS990/Form990PartVIISectionAGrp/PersonNm2Danny Uhr
IRS990/Form990PartVIISectionAGrp/PersonNm3Chris Dromerick
IRS990/Form990PartVIISectionAGrp/PersonNm4Gino Parisi
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01969
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0261922
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt05870
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt05870
IRS990/InvestmentIncomeGrp/ExclusionAmt03441
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03441
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0258481
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Maintenance of common property
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0478785
IRS990/NetAssetsOrFundBalancesEOYAmt0503789
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt073269
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt088255
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07801
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt07801
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Utilities
IRS990/OtherExpensesGrp/Desc1Grounds
IRS990/OtherExpensesGrp/Desc2Bad Debt
IRS990/OtherExpensesGrp/Desc3Repairs & Maintenance
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt04710
IRS990/OtherExpensesGrp/ProgramServicesAmt142688
IRS990/OtherExpensesGrp/ProgramServicesAmt21324
IRS990/OtherExpensesGrp/ProgramServicesAmt313019
IRS990/OtherExpensesGrp/TotalAmt04710
IRS990/OtherExpensesGrp/TotalAmt142688
IRS990/OtherExpensesGrp/TotalAmt21324
IRS990/OtherExpensesGrp/TotalAmt313019
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03006
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01681
IRS990/PrincipalOfficerNm0Bernal Jimenez
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0248681
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06275
IRS990/PYOtherExpensesAmt0182738
IRS990/PYOtherRevenueAmt03728
IRS990/PYRevenuesLessExpensesAmt075946
IRS990/PYTotalExpensesAmt0182738
IRS990/PYTotalRevenueAmt0258684
IRS990/ReconcilationRevenueExpnssAmt025004
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0261922
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0474696
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0236918
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0none
IRS990ScheduleD/RevenueSubtotalAmt0261922
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Association's policy is to recognize any tax penalties and interest as an expense when incurred. The Association's federal returns for the past three years remain subject to examination by the Internal Revenue Service.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalExpensesPerForm990Amt0236918
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0261922
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0261922
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0236918
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Assocaition has 304 homeowner members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The homeowner members elect a Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Some decisions are subject to member approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors review the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Association's officers and directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5These documents are available to members and potential members upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Real Estate Taxes 11740. 11740. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Repairs 59802. 59802. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Snow Removal 8280. 8280. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Tree Removal 35050. 35050. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0546362
IRS990/TotalAssetsEOYAmt0568638
IRS990/TotalAssetsGrp/BOYAmt0546362
IRS990/TotalAssetsGrp/EOYAmt0568638
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0258481
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060305
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0176613
IRS990/TotalFunctionalExpensesGrp/TotalAmt0236918
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt067577
IRS990/TotalLiabilitiesEOYAmt064849
IRS990/TotalLiabilitiesGrp/BOYAmt067577
IRS990/TotalLiabilitiesGrp/EOYAmt064849
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0478785
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0503789
IRS990/TotalProgramServiceExpensesAmt0176613
IRS990/TotalRevenueGrp/ExclusionAmt03441
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0261922
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0546362
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0568638
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03414 Morningwood Dr
IRS990/USAddress/CityNm0Olney
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020832
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Bernal Jimenez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03019247355
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Inverness Forest Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0INVE
ReturnHeader/Filer/EIN0237162983
ReturnHeader/Filer/PhoneNum03019247355
ReturnHeader/Filer/USAddress/AddressLine1Txt03414 Morningwood Drive
ReturnHeader/Filer/USAddress/CityNm0Olney
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020832
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDKLANG GROUP CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01801 ROBERT FULTON DR 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020191
ReturnHeader/PreparerPersonGrp/PhoneNum07033919003
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0S Gail Moore CPA
ReturnHeader/ReturnTs02022-10-14T06:21:08-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Bernal
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Jimenez
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$568,638
Liabilities
$64,849
Net assets
$503,789
Revenue
$261,922
Expenses
$236,918
Net income
$25,004
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
2020Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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