Civic Intelligence

Inverness Forest Association Inc C/O Comsource Property Management

990 • Fiscal year 2022 • EIN 23-7162983

Jan 01, 2022 to Dec 31, 2022 • Filed on May 01, 2023

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

66th percentile

0.11x

Higher debt load relative to assets than 66% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.25x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Net Margin

38th percentile

1.0%

Higher net margin than 38% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Asset Growth

53rd percentile

1.9%

Faster asset growth than 53% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

46th percentile

2.6%

Faster revenue growth than 46% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$643,578

Up $11,928 (+1.9%) from 2021

Net Assets

Up

$574,777

Up $2,834 (+0.5%) from 2021

Liabilities

Up

$68,801

Up $9,094 (+15%) from 2021

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin38th percentile

Revenue

Up

$275,951

Up $6,892 (+2.6%) from 2021

Expenses

Up

$273,117

Up $72,212 (+36%) from 2021

Net Income

Down

$2,834

Down $65,320 (-96%) from 2021

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

2022

Assets$643,578
Liabilities$68,801
Net Assets$574,777
Open 2022 Filing

Operations Trend

Revenue Growth46th 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

2022

Revenue$275,951
Expenses$273,117
Net Income$2,834
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 1, 2023
Return Version
2022v5.0
Gross Receipts
$275,951
Mission and Program Overview

Mission

To maintain homeowners common property

Maintenance of common property

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$510,455$493,269▼ $17,186
Cash and Non-Interest-Bearing Accounts$113,820$140,616▲ $26,796
Accounts Receivable$5,827$7,907▲ $2,080
Prepaid Expenses and Deferred Charges$1,548$1,786▲ $238
Total Assets$631,650$643,578▲ $11,928
Liabilities
Deferred Revenue$59,191$67,741▲ $8,550
Accounts Payable and Accrued Expenses$516$1,060▲ $544
Total Liabilities$59,707$68,801▲ $9,094
Net Assets / Fund Balance
Net Assets With Donor Restrictions$459,572$452,532▼ $7,040
Net Assets Without Donor Restrictions$112,371$122,245▲ $9,874
Total Net Assets Fund Balance$571,943$574,777▲ $2,834
Total Liabilities and Net Assets / Fund Balance$631,650$643,578▲ $11,928
Compensation and Service Providers
Top Officer Pay71st 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
$274,031
Program Service Revenue
$0
Investment Income
$1,920
Other Revenue
$0
Change in Net Assets
$2,834

Audited Revenue Reconciliation

Revenue per Audited Statements
$275,951
Total Revenue per Audited Statements
$275,951
Total Revenue per Form 990
$275,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$273,117
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$130,707$0$0$130,707
Fees for Services Management$0$43,066$0$43,066
Other Expenses$13,039$0$0$13,039
Office Expenses$0$9,410$0$9,410
Insurance$0$4,591$0$4,591
Fees for Services Legal$0$3,404$0$3,404
Fees for Services Accounting$0$1,800$0$1,800
Total Functional Expenses$210,846$62,271$0$273,117

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$273,117
Total Expenses per Audited Statements$273,117
Total Expenses per Form 990$273,117
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
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
Yes
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
Danny Uhr
Title
Treasurer
Phone
3019247355
Signed
2023-05-01
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.”

Pt VI, Line 3

“The Association has hired ComSource Management, Inc. to oversee daily operations.”

Form 990, Part IX, Line 24E

“Parking & Sidewalks 22500. 22500. 0. 0.”

Form 990, Part IX, Line 24E

“Snow Removal 23107. 23107. 0. 0.”

Form 990, Part IX, Line 24E

“Tree Removal 85100. 85100. 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.”

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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/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/ExplanationTxt6The Association has hired ComSource Management, Inc. to oversee daily operations.
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0631650
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0643578
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/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Danny Uhr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03019247355
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-01
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541182313
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/PreparationDt02023-10-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0S Gail Moore CPA
ReturnHeader/ReturnTs02023-10-17T09:08:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Danny
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Uhr
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$643,578
Liabilities
$68,801
Net assets
$574,777
Revenue
$275,951
Expenses
$273,117
Net income
$2,834
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
2022Detailed filing. Detailed filing data is available for this year.$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
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