Civic Intelligence

Magic Hollow Community Association

990EZ • Fiscal year 2018 • EIN 23-7307500

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 10, 2019

Organization ProfileN/A
2829 Guardian Lane Suite 220Virginia Beach, VA 23452

(757) 821-8430

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

12th percentile

-30%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Asset Growth

12th percentile

-27%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-29%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$85,136

Down $32,035 (-27%) from 2017

Net Assets

Down

$85,136

Down $32,035 (-27%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin12th percentile

Revenue

Down

$107,653

Down $44,828 (-29%) from 2017

Expenses

Up

$139,688

Up $11,695 (+9.1%) from 2017

Net Income

Down

-$32,035

Down $56,523 (-231%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$150K$100K$50K$0Assets 2012: $99,937Net Assets 2012: $99,9372012Assets 2013: $113,673Net Assets 2013: $113,6732013Assets 2014: $132,698Net Assets 2014: $132,6982014Assets 2015: $139,355Net Assets 2015: $139,3552015Assets 2016: $92,683Net Assets 2016: $92,6832016Assets 2017: $117,171Net Assets 2017: $117,1712017Assets 2018: $85,136Net Assets 2018: $85,1362018Assets 2019: $87,454Net Assets 2019: $87,4542019Assets 2020: $113,780Net Assets 2020: $113,7802020Assets 2021: $128,906Net Assets 2021: $128,9062021Assets 2022: $101,787Net Assets 2022: $101,7872022Assets 2023: $110,380Net Assets 2023: $110,3802023Assets 2024: $127,899Liabilities 2024: $0Net Assets 2024: $127,8992024

Highlighted filing

2018

Assets$85,136
Liabilities-
Net Assets$85,136
Open 2018 Filing

Operations Trend

Revenue Growth13th percentile

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

$300K$200K$100K$0-$100KRevenue 2012: $138,135Expenses 2012: $103,337Net Income 2012: $34,7982012Revenue 2013: $124,774Expenses 2013: $111,038Net Income 2013: $13,7362013Revenue 2014: $132,119Expenses 2014: $113,094Net Income 2014: $19,0252014Revenue 2015: $142,364Expenses 2015: $135,707Net Income 2015: $6,6572015Revenue 2016: $135,264Expenses 2016: $181,936Net Income 2016: -$46,6722016Revenue 2017: $152,481Expenses 2017: $127,993Net Income 2017: $24,4882017Revenue 2018: $107,653Expenses 2018: $139,688Net Income 2018: -$32,0352018Revenue 2019: $150,965Expenses 2019: $148,647Net Income 2019: $2,3182019Revenue 2020: $171,406Expenses 2020: $145,080Net Income 2020: $26,3262020Revenue 2021: $150,882Expenses 2021: $135,756Net Income 2021: $15,1262021Revenue 2022: $144,769Expenses 2022: $171,888Net Income 2022: -$27,1192022Revenue 2023: $130,691Expenses 2023: $122,098Net Income 2023: $8,5932023Revenue 2024: $201,387Expenses 2024: $183,868Net Income 2024: $17,5192024

Highlighted filing

2018

Revenue$107,653
Expenses$139,688
Net Income-$32,035
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 10, 2019
Return Version
2018v3.1
Gross Receipts
$107,653
Mission and Program Overview

Mission

Programs and services provided by the association include maintenance of recreational facilities, maintenance of common property and community awareness.

Program Services

DescriptionGrantsExpenses
PROGRAMS AND SERVICES PROVIDED BY THE ASSOCIATION INCLUDE MAINTENANCE OF RECREATIONAL FACILITIES, MAINTENANCE OF COMMON PROPERTY AND COMMUNITY AWARENESS. FACILITIES ARE OPEN TO MEMBERS AND THE PUBLIC.-$111,727
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CYNTHIA TAYLORPresident-$0--
NATALIE RICHARDSONVice Preside-$0--
ARVALLA LARSENSecretary-$0--
CYNTHIA TAYLORTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Magic Hollow Community Association
EIN
23-7307500
Phone
7578218430
Address
2829 GUARDIAN LANE SUITE 220, VIRGINIA BEACH, VA 23452

Signing Officer

Name
Cynthia Taylor
Title
Treasurer
Phone
7578218430
Signed
2019-10-10
Discuss with paid preparer
Yes

Preparer

Firm
Desroches & Company Cpas Pc
Address
2901 S LYNNHAVEN ROAD STE 400, VIRGINIA BEACH, VA 23452
Preparer
Rebecca a Gehl CPA
Phone
7574983000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office expense 3,790 insurance expense 5,159 bank charges 10 lawn maintenance 68,679 management fees 27,930 repairs & maintenance 14,080 social programs 1,285 total 120,933”

Form 990-ez, Part III

“Programs and services provided by the association include maintenance of recreational facilities, maintenance of common property and community awareness.”

Raw XML Appendix108 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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IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0THE ASSOCIATION
IRS990EZ/BooksInCareOfDetail/PhoneNum07578218430
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02829 GUARDIAN LANE SUITE 220
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0VIRGINIA BEACH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd023452
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0117171
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt085136
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-32035
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt09907
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0117171
IRS990EZ/Form990TotalAssetsGrp/EOYAmt085136
IRS990EZ/GrossReceiptsAmt0107653
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt06
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0107647
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0117171
IRS990EZ/NetAssetsOrFundBalancesEOYAmt085136
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0117171
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt085136
IRS990EZ/OccupancyRentUtltsAndMaintAmt05774
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CYNTHIA TAYLOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NATALIE RICHARDSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ARVALLA LARSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CYNTHIA TAYLOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0120933
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROGRAMS AND SERVICES PROVIDED BY THE ASSOCIATION INCLUDE MAINTENANCE OF RECREATIONAL FACILITIES, MAINTENANCE OF COMMON PROPERTY AND COMMUNITY AWARENESS.
IRS990EZ/PrintingPublicationsPostageAmt03074
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROGRAMS AND SERVICES PROVIDED BY THE ASSOCIATION INCLUDE MAINTENANCE OF RECREATIONAL FACILITIES, MAINTENANCE OF COMMON PROPERTY AND COMMUNITY AWARENESS. FACILITIES ARE OPEN TO MEMBERS AND THE PUBLIC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0111727
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0139688
IRS990EZ/TotalProgramServiceExpensesAmt0111727
IRS990EZ/TotalRevenueAmt0107653
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSE 3,790 INSURANCE EXPENSE 5,159 BANK CHARGES 10 LAWN MAINTENANCE 68,679 MANAGEMENT FEES 27,930 REPAIRS & MAINTENANCE 14,080 SOCIAL PROGRAMS 1,285 TOTAL 120,933
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROGRAMS AND SERVICES PROVIDED BY THE ASSOCIATION INCLUDE MAINTENANCE OF RECREATIONAL FACILITIES, MAINTENANCE OF COMMON PROPERTY AND COMMUNITY AWARENESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CYNTHIA TAYLOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07578218430
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGIC HOLLOW COMMUNITY ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0237307500
ReturnHeader/Filer/PhoneNum07578218430
ReturnHeader/Filer/USAddress/AddressLine1Txt02829 GUARDIAN LANE SUITE 220
ReturnHeader/Filer/USAddress/CityNm0VIRGINIA BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023452
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02DE2B3EEFBD25A33D3702FA0FC1C47575F6315B7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0354F723CE824B05C351D5C0B425C18FCC3B1F1A1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.71.140.122
ReturnHeader/FilingSecurityInformation/IPDt02019-10-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:49:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541481083
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DESROCHES & COMPANY CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02901 S LYNNHAVEN ROAD STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0VIRGINIA BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023452
ReturnHeader/PreparerPersonGrp/PhoneNum07574983000
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REBECCA A GEHL CPA
ReturnHeader/ReturnTs02019-10-10T08:49:15-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$85,136
Liabilities
-
Net assets
$85,136
Revenue
$107,653
Expenses
$139,688
Net income
-$32,035
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$2.01$1.84$0.18
2023Detailed filing. Detailed filing data is available for this year.$1.10$1.10$1.31$1.22$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.02$1.02$1.45$1.72$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.29$1.29$1.51$1.36$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.14$1.14$1.71$1.45$0.26
2019Detailed filing. Detailed filing data is available for this year.$0.87$0.87$1.51$1.49$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.85$1.08$1.40$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.17$1.17$1.52$1.28$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.93$0.93$1.35$1.82$0.47
2015Detailed filing. Detailed filing data is available for this year.$1.39$1.39$1.42$1.36$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.33$1.33$1.32$1.13$0.19
2013Detailed filing. Detailed filing data is available for this year.$1.14$1.14$1.25$1.11$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$1.00$1.38$1.03$0.35