Civic Intelligence

Georgetown Woods Owners Association

EIN 23-7297994 • 501(c)4 • Kensington, MD

Profile

Operating and maintaining the common property of georgetown woods owners association which consists of 154 residential townhomes located in alexandria, virginia.

3833 Farragut AvenueKensington, MD 20895-2004

n/A

Siviq Scores

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

Liabilities / Assets

55th percentile

0.03x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.14x

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

501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

42nd percentile

1.6%

Faster asset growth than 42% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

49th percentile

5.7%

Faster revenue growth than 49% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$930,920

Down $13,478 (-1.4%) from 2023

Liabilities

Up

$23,552

Up $4,485 (+24%) from 2023

Net Assets

Down

$907,368

Down $17,963 (-1.9%) from 2023

Operations
Liabilities / Revenue68th percentileNet Margin20th percentile

Revenue

Down

$162,602

Down $2,361 (-1.4%) from 2023

Expenses

Up

$180,565

Up $55,281 (+44%) from 2023

Net Income

Down

-$17,963

Down $57,642 (-145%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

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

$1.0M$500K$0Assets 2013: $550,406Liabilities 2013: $18,833Net Assets 2013: $531,5732013Assets 2014: $582,974Liabilities 2014: $16,284Net Assets 2014: $566,6902014Assets 2015: $606,857Liabilities 2015: $17,455Net Assets 2015: $589,4022015Assets 2016: $645,748Liabilities 2016: $20,134Net Assets 2016: $625,6142016Assets 2017: $696,761Liabilities 2017: $10,149Net Assets 2017: $686,6122017Assets 2018: $753,654Liabilities 2018: $15,766Net Assets 2018: $737,8882018Assets 2019: $808,458Liabilities 2019: $23,109Net Assets 2019: $785,3492019Assets 2020: $842,027Liabilities 2020: $8,829Net Assets 2020: $833,1982020Assets 2021: $883,844Liabilities 2021: $20,383Net Assets 2021: $863,4612021Assets 2022: $901,901Liabilities 2022: $16,249Net Assets 2022: $885,6522022Assets 2023: $944,398Liabilities 2023: $19,067Net Assets 2023: $925,3312023Assets 2024: $930,920Liabilities 2024: $23,552Net Assets 2024: $907,3682024

Highlighted filing

2024

Assets$930,920
Liabilities$23,552
Net Assets$907,368
Open 2024 Filing

Operations Trend

Revenue Growth49th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2013: $143,492Expenses 2013: $138,233Net Income 2013: $5,2592013Revenue 2014: $140,329Expenses 2014: $129,299Net Income 2014: $11,0302014Revenue 2015: $138,225Expenses 2015: $142,398Net Income 2015: -$4,1732015Revenue 2016: $140,810Expenses 2016: $141,469Net Income 2016: -$6592016Revenue 2017: $141,901Expenses 2017: $78,159Net Income 2017: $63,7422017Revenue 2018: $140,374Expenses 2018: $84,395Net Income 2018: $55,9792018Revenue 2019: $141,919Expenses 2019: $83,360Net Income 2019: $58,5592019Revenue 2020: $137,958Expenses 2020: $88,339Net Income 2020: $49,6192020Revenue 2021: $131,209Expenses 2021: $100,426Net Income 2021: $30,7832021Revenue 2022: $145,581Expenses 2022: $119,778Net Income 2022: $25,8032022Revenue 2023: $164,963Expenses 2023: $125,284Net Income 2023: $39,6792023Revenue 2024: $162,602Expenses 2024: $180,565Net Income 2024: -$17,9632024

Highlighted filing

2024

Revenue$162,602
Expenses$180,565
Net Income-$17,963
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$930,920
Liabilities
$23,552
Net assets
$907,368
Revenue
$162,602
Expenses
$180,565
Net income
-$17,963
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.31$0.24$9.07$1.63$1.81$0.18
2023Detailed filing. Detailed filing data is available for this year.$9.44$0.19$9.25$1.65$1.25$0.40
2022Detailed filing. Detailed filing data is available for this year.$9.02$0.16$8.86$1.46$1.20$0.26
2021Detailed filing. Detailed filing data is available for this year.$8.84$0.20$8.63$1.31$1.00$0.31
2020Detailed filing. Detailed filing data is available for this year.$8.42$0.09$8.33$1.38$0.88$0.50
2019Detailed filing. Detailed filing data is available for this year.$8.08$0.23$7.85$1.42$0.83$0.59
2018Detailed filing. Detailed filing data is available for this year.$7.54$0.16$7.38$1.40$0.84$0.56
2017Detailed filing. Detailed filing data is available for this year.$6.97$0.10$6.87$1.42$0.78$0.64
2016Detailed filing. Detailed filing data is available for this year.$6.46$0.20$6.26$1.41$1.41$0.01
2015Detailed filing. Detailed filing data is available for this year.$6.07$0.17$5.89$1.38$1.42$0.04
2014Detailed filing. Detailed filing data is available for this year.$5.83$0.16$5.67$1.40$1.29$0.11
2013Detailed filing. Detailed filing data is available for this year.$5.50$0.19$5.32$1.43$1.38$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 26, 2025
Return Version
2024v5.2
Gross Receipts
$162,602
Mission and Program Overview

Mission

Maintenance of commonly owned property.

Maintenance of commonly owned property

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$902,792$902,196▼ $596
Cash and Non-Interest-Bearing Accounts$34,021$20,972▼ $13,049
Accounts Receivable$4,289$5,068▲ $779
Prepaid Expenses and Deferred Charges$2,235$2,310▲ $75
Total Assets$944,398$930,920▼ $13,478
Other Assets Total$1,061$374▼ $687
Liabilities
Deferred Revenue$16,659$23,113▲ $6,454
Accounts Payable and Accrued Expenses$2,408$439▼ $1,969
Total Liabilities$19,067$23,552▲ $4,485
Net Assets / Fund Balance
Net Assets With Donor Restrictions$903,854$920,570▲ $16,716
Net Assets Without Donor Restrictions$21,477$-13,202▼ $34,679
Total Net Assets Fund Balance$925,331$907,368▼ $17,963
Total Liabilities and Net Assets / Fund Balance$944,398$930,920▼ $13,478
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bradley MarkhamPresident
Christian KleinVice-president
Gregor RudlBoard Member
Heather StackhouseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$147,409
Investment Income
$11,492
Other Revenue
$3,701
Change in Net Assets
$-17,963

Audited Revenue Reconciliation

Revenue per Audited Statements
$162,602
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$162,602
Total Revenue per Form 990
$162,602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,565
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 Management-$25,836-$25,836
Other Expenses$8,872--$8,872
All Other Expenses$7,069--$7,069
Insurance$6,931--$6,931
Fees for Services Legal-$5,533-$5,533
Office Expenses$5,188--$5,188
Fees for Services Accounting-$3,250-$3,250
Total Functional Expenses$145,946$34,619$0$180,565

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$180,565
Total Expenses per Audited Statements$180,565
Total Expenses per Form 990$180,565
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The association has delegated management duties to summit management company for financial management plus services under a written agreement.”

Form 990, Part VI, Section A, Line 6

“Every person or entity who is a record owner or undivided fee interest in a lot within the georgetown woods residential townhomes in alexandria, virginia shall be a member of the association upon the acceptance of their application by the board of directors in accordance with the by-laws of the association. Ownership of such lot shall be the sole qualification for membership.”

Form 990, Part VI, Section A, Line 7A

“The members shall elect the board of directors annually for a term of one year as provided for by the by-laws.”

Form 990, Part VI, Section A, Line 7B

“The association requires the approval of members for the various governance decisions including but not limited to the following: amount of indebtedness, mergers and consolidations, authority to obtain a mortgage or other encumbrance by the association of the common area, authority to dedicate, sell or transfer all or any part of the common area to any public agency, authority, or utility, and dissolution of the association.”

Form 990, Part VI, Section B, Line 11B

“The return is reviewed by the board prior to signing and sending to the irs.”

Form 990, Part VI, Section B, Line 15

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

Form 990, Part VI, Section C, Line 19

“The management agent of the association, summit, maintains a copy that any member can make a request to either inspect on summit's premises or have a copy mailed to them.”

Filing and Contact Details

Filer

Filer Name
Georgetown Woods Owners Association
EIN
23-7297994
Phone
3014950146
Address
3833 FARRAGUT AVENUE, KENSINGTON, MD 20895-2004

Signing Officer

Name
Bradley Markham
Title
President
Phone
3014950146
Signed
2025-11-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bradley Markham
Formed
1968
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Daly Hamad & Associates Pllc
Address
1037 STERLING RD SUITE 204, HERNDON, VA 20170
Preparer
Daniel Hamad CPA
Phone
7037969501
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The income tax positions taken by the association for any years open under the various statutes of limitations are that the association continues to be exempt from income taxes and that they have properly reported unrelated business income that is subject to income taxes. The association believes that there are no tax positions taken or expected to be taken that would significantly increase unrecognized tax liabilities within 12 months of the reporting date. None of the association's federal income tax returns are currently under examination.”

Raw XML Appendix330 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
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IRS990/Form990PartVIISectionAGrp/PersonNm1HEATHER STACKHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTIAN KLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm3GREGOR RUDL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INCOME TAX POSITIONS TAKEN BY THE ASSOCIATION FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT THE ASSOCIATION CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT THEY HAVE PROPERLY REPORTED UNRELATED BUSINESS INCOME THAT IS SUBJECT TO INCOME TAXES. THE ASSOCIATION BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE UNRECOGNIZED TAX LIABILITIES WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE ASSOCIATION'S FEDERAL INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0180565
IRS990ScheduleD/TotalRevenuePerForm990Amt0162602
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0162602
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0180565
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION HAS DELEGATED MANAGEMENT DUTIES TO SUMMIT MANAGEMENT COMPANY FOR FINANCIAL MANAGEMENT PLUS SERVICES UNDER A WRITTEN AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY PERSON OR ENTITY WHO IS A RECORD OWNER OR UNDIVIDED FEE INTEREST IN A LOT WITHIN THE GEORGETOWN WOODS RESIDENTIAL TOWNHOMES IN ALEXANDRIA, VIRGINIA SHALL BE A MEMBER OF THE ASSOCIATION UPON THE ACCEPTANCE OF THEIR APPLICATION BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THE BY-LAWS OF THE ASSOCIATION. OWNERSHIP OF SUCH LOT SHALL BE THE SOLE QUALIFICATION FOR MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS SHALL ELECT THE BOARD OF DIRECTORS ANNUALLY FOR A TERM OF ONE YEAR AS PROVIDED FOR BY THE BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ASSOCIATION REQUIRES THE APPROVAL OF MEMBERS FOR THE VARIOUS GOVERNANCE DECISIONS INCLUDING BUT NOT LIMITED TO THE FOLLOWING: AMOUNT OF INDEBTEDNESS, MERGERS AND CONSOLIDATIONS, AUTHORITY TO OBTAIN A MORTGAGE OR OTHER ENCUMBRANCE BY THE ASSOCIATION OF THE COMMON AREA, AUTHORITY TO DEDICATE, SELL OR TRANSFER ALL OR ANY PART OF THE COMMON AREA TO ANY PUBLIC AGENCY, AUTHORITY, OR UTILITY, AND DISSOLUTION OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RETURN IS REVIEWED BY THE BOARD PRIOR TO SIGNING AND SENDING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION'S OFFICERS AND DIRECTORS ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE MANAGEMENT AGENT OF THE ASSOCIATION, SUMMIT, MAINTAINS A COPY THAT ANY MEMBER CAN MAKE A REQUEST TO EITHER INSPECT ON SUMMIT'S PREMISES OR HAVE A COPY MAILED TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0944398
IRS990/TotalAssetsEOYAmt0930920
IRS990/TotalAssetsGrp/BOYAmt0944398
IRS990/TotalAssetsGrp/EOYAmt0930920
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034619
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0145946
IRS990/TotalFunctionalExpensesGrp/TotalAmt0180565
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019067
IRS990/TotalLiabilitiesEOYAmt023552
IRS990/TotalLiabilitiesGrp/BOYAmt019067
IRS990/TotalLiabilitiesGrp/EOYAmt023552
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0925331
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0907368
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0145946
IRS990/TotalProgramServiceRevenueAmt0147409
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt011492
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0151110
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0162602
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0944398
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0930920
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt03833 FARRAGUT AVENUE
IRS990/USAddress/CityNm0KENSINGTON
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd0208952004
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRADLEY MARKHAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03014950146
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GEORGETOWN WOODS OWNERS ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O SUMMIT MANAGEMENT
ReturnHeader/Filer/BusinessNameControlTxt0GEOR
ReturnHeader/Filer/EIN0237297994
ReturnHeader/Filer/PhoneNum03014950146
ReturnHeader/Filer/USAddress/AddressLine1Txt03833 FARRAGUT AVENUE
ReturnHeader/Filer/USAddress/CityNm0KENSINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd0208952004
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541917519
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DALY HAMAD & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01037 STERLING RD SUITE 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HERNDON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020170
ReturnHeader/PreparerPersonGrp/PhoneNum07037969501
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL HAMAD CPA
ReturnHeader/ReturnTs02025-11-28T12:38:44-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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