Civic Intelligence

The Villages at Seven Springs Inc

EIN 25-1568046 • 501(c)4 • Champion, PA

Profile

To promote the health, safety, and welfare of the resident members of the community and for the care and maintenance of common property.

1 Sunridge DriveChampion, PA 15622

n/A

Siviq Scores

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

Liabilities / Assets

71st percentile

0.20x

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.22x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

49th percentile

7.8%

Higher net margin than 49% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

10%

Faster revenue growth than 54% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,775,813

Up $168,710 (+10%) from 2023

Liabilities

Up

$346,433

Up $42,994 (+14%) from 2023

Net Assets

Up

$1,429,380

Up $125,716 (+9.6%) from 2023

Revenue

Up

$1,608,890

Up $148,597 (+10%) from 2023

Expenses

Down

$1,483,174

Down $159,223 (-9.7%) from 2023

Net Income

Up

$125,716

Up $307,820 (+169%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2019: $1,271,859Liabilities 2019: $207,707Net Assets 2019: $1,064,1522019Assets 2020: $1,604,464Liabilities 2020: $313,222Net Assets 2020: $1,291,2422020Assets 2021: $1,616,065Liabilities 2021: $241,964Net Assets 2021: $1,374,1012021Assets 2022: $1,844,877Liabilities 2022: $359,109Net Assets 2022: $1,485,7682022Assets 2023: $1,607,103Liabilities 2023: $303,439Net Assets 2023: $1,303,6642023Assets 2024: $1,775,813Liabilities 2024: $346,433Net Assets 2024: $1,429,3802024

Highlighted filing

2024

Assets$1,775,813
Liabilities$346,433
Net Assets$1,429,380

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $1,340,426Expenses 2019: $1,361,176Net Income 2019: -$20,7502019Revenue 2020: $1,340,811Expenses 2020: $1,113,721Net Income 2020: $227,0902020Revenue 2021: $1,433,690Expenses 2021: $1,350,831Net Income 2021: $82,8592021Revenue 2022: $1,405,373Expenses 2022: $1,293,706Net Income 2022: $111,6672022Revenue 2023: $1,460,293Expenses 2023: $1,642,397Net Income 2023: -$182,1042023Revenue 2024: $1,608,890Expenses 2024: $1,483,174Net Income 2024: $125,7162024

Highlighted filing

2024

Revenue$1,608,890
Expenses$1,483,174
Net Income$125,716

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.2
Gross Receipts
$1,608,890
Mission and Program Overview

Mission

To promote the health, safety, and welfare of the resident members of the community and for the care and maintenance of common property.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,194,383$1,304,927▲ $110,544
Cash and Non-Interest-Bearing Accounts$395,054$446,178▲ $51,124
Accounts Receivable$9,260$19,157▲ $9,897
Prepaid Expenses and Deferred Charges$8,406$5,551▼ $2,855
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,607,103$1,775,813▲ $168,710
Liabilities
Deferred Revenue$250,143$258,967▲ $8,824
Accounts Payable and Accrued Expenses$53,296$87,466▲ $34,170
Total Liabilities$303,439$346,433▲ $42,994
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,198,383$1,304,927▲ $106,544
Net Assets Without Donor Restrictions$105,281$124,453▲ $19,172
Total Net Assets Fund Balance$1,303,664$1,429,380▲ $125,716
Total Liabilities and Net Assets / Fund Balance$1,607,103$1,775,813▲ $168,710

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$12,857$12,857
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael LancetPresident
Jim PerichVice President
Paul McrathBoard Member
Bob SheridanSecretary
Dave MendisTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Milton Neiderhiser & SonMaintenance2039 COUNTY LINE RD, Champion, PA 15622$331,931
The Vail CorporationManagementPO BOX 731939, Dallas, TX 75373$241,797
Nj Newman Ent INCMaintenance2039 COUNTY LINE RD, Champion, PA 15622$225,041
Gittings Protective SecuritySecurity104 N CENTER STREET, Ebensburg, PA 15931$156,050
Omni Management ServicesVarious1 SUNRDIGE DRIVE, Champion, PA 15622$147,748
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,579,865
Investment Income
$29,025
Other Revenue
$0
Change in Net Assets
$125,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,483,174
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$500,615$0$0$500,615
Other Expenses$159,329$0$0$159,329
Fees for Services Management$0$142,461$0$142,461
Fees for Services Legal$0$17,164$0$17,164
Insurance$0$13,968$0$13,968
Office Expenses$0$7,252$0$7,252
Fees for Services Accounting$0$4,900$0$4,900
Total Functional Expenses$1,297,429$185,745$0$1,483,174
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
Yes
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
Filing and Contact Details

Filer

Filer Name
The Villages at Seven Springs Inc
EIN
25-1568046
Phone
8143524716
Address
1 SUNRIDGE DRIVE, CHAMPION, PA 15622

Signing Officer

Name
Michael Lancet
Title
President
Phone
8143524716
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Lancet
Formed
1987
Legal Domicile
Pa
Voting Board Members
564
Independent Board Members
564
Employees
0
Volunteers
0

Preparer

Firm
Mercadante & Company
Address
2200 GEORGETOWN DR STE 202, SEWICKLEY, PA 15143
Preparer
Jonathan C Kratsas CPA
Phone
7248693007
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

Management delegated - management has been delegated to a third-party management company.

Pt VI, Line 6

Classes of members or stockholders - the villages at seven springs, inc. Is a non-stock association incorporated on november 11, 1987. The association is responsible for the operation and maintenance of the common property of the development, which is located on approximately 70 acres in somerset county, pennsylvania. The association consists of resident members who are owners of 565 units in five separate condominium associations and three developments within the villages at seven springs, inc. The condominium associaitons inclued in the associaiton are meadowridge condominiums, inc., stonegate at seven springs, inc., stoneridge condominiums, inc., sunridge condominiums, inc. And woodridge condominiums, inc.

Pt VI, Line 7A

Election of members and their rights - the members of the association elect a 5-member board of directors.

Pt VI, Line 7B

Decisions subject to approval of members - the board of directors has authority to make most decisions on behalf of the membership association. However, there are certain occasions where membership approval is required.

Pt VI, Line 11B

Organizations process to review form 990 - form 990 is reviewed by a designated member of the board of directors, usually the president and/or treasurer.

Pt VI, Line 19

Governing documents discolsure explanation - governing docouments, conflict of interest policy, and financial statements are not made available to the general public.

Other

Part ix, line 24e - other expenses

Other

Tot/prog svc mgmt & gen fundraising

Other

Ext. Light maint. $ 8,672 $0 $0

Other

Road/lot maint. $ 14,827 $0 $0

Other

Fire extinguishers $ 11,491 $0 $0

Form 990, Part IX, Line 24E

Cable tv 134850. 134850. 0. 0.

Form 990, Part IX, Line 24E

Clubhouse 61634. 61634. 0. 0.

Form 990, Part IX, Line 24E

Security and monitoring 156050. 156050. 0. 0.

Form 990, Part IX, Line 24E

Trash 35419. 35419. 0. 0.

Form 990, Part IX, Line 24E

Utilities 45467. 45467. 0. 0.

Form 990, Part IX, Line 24E

Maintenance supervisor 32205. 32205. 0. 0.

Form 990, Part IX, Line 24E

Other expenses 34990. 34990. 0. 0.

Raw XML Appendix394 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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt053296
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt087466
IRS990/AccountsReceivableGrp/BOYAmt09260
IRS990/AccountsReceivableGrp/EOYAmt019157
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE THE HEALTH, SAFETY, AND WELFARE OF THE RESIDENT MEMBERS OF THE COMMUNITY AND FOR THE CARE AND MAINTENANCE OF COMMON PROPERTY.
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0500615
IRS990/AllOtherExpensesGrp/TotalAmt0500615
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0OMNI MANAGEMENT SERVICES
IRS990/BooksInCareOfDetail/PhoneNum08143524716
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE SUNDRIDGE DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHAMPION
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd015622
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0395054
IRS990/CashNonInterestBearingGrp/EOYAmt0446178
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt05
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0331931
IRS990/ContractorCompensationGrp/CompensationAmt1225041
IRS990/ContractorCompensationGrp/CompensationAmt2241797
IRS990/ContractorCompensationGrp/CompensationAmt3156050
IRS990/ContractorCompensationGrp/CompensationAmt4147748
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt02039 COUNTY LINE RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt12039 COUNTY LINE RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 731939
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3104 N CENTER STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt41 SUNRDIGE DRIVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHAMPION
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CHAMPION
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2DALLAS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3EBENSBURG
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4CHAMPION
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd015622
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd115622
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd275373
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd315931
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd415622
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0MILTON NEIDERHISER & SON
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1NJ NEWMAN ENT INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2THE VAIL CORPORATION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3GITTINGS PROTECTIVE SECURITY
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4OMNI MANAGEMENT SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc0MAINTENANCE
IRS990/ContractorCompensationGrp/ServicesDesc1MAINTENANCE
IRS990/ContractorCompensationGrp/ServicesDesc2MANAGEMENT
IRS990/ContractorCompensationGrp/ServicesDesc3SECURITY
IRS990/ContractorCompensationGrp/ServicesDesc4VARIOUS
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt029025
IRS990/CYOtherExpensesAmt01483174
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01579865
IRS990/CYRevenuesLessExpensesAmt0125716
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01483174
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01608890
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0250143
IRS990/DeferredRevenueGrp/EOYAmt0258967
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt00
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0TO PROMOTE THE HEALTH, SAFETY, AND WELFARE OF THE RESIDENT MEMBERS OF THE COMMUNITY AND FOR THE CARE AND MAINTENANCE OF COMMON PROPERTY.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01198383
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01304927
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01297429
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04900
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt04900
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt017164
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt017164
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0142461
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt0142461
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL LANCET
IRS990/Form990PartVIISectionAGrp/PersonNm1JIM PERICH
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVE MENDIS
IRS990/Form990PartVIISectionAGrp/PersonNm3BOB SHERIDAN
IRS990/Form990PartVIISectionAGrp/PersonNm4PAUL MCRATH
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/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt0564
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01608890
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt0564
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt013968
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt013968
IRS990/InvestmentIncomeGrp/ExclusionAmt029025
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt029025
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012857
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt012857
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE THE HEALTH, SAFETY, AND WELFARE OF THE RESIDENT MEMBERS OF THE COMMUNITY AND FOR THE CARE AND MAINTENANCE OF COMMON PROPERTY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01303664
IRS990/NetAssetsOrFundBalancesEOYAmt01429380
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0105281
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0124453
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07252
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt07252
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0RESERVE EXPENSES
IRS990/OtherExpensesGrp/Desc1SNOW REMOVAL AND SALT
IRS990/OtherExpensesGrp/Desc2COMMON GROUNDS MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SHUTTLE SERVICE
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/ProgramServicesAmt0165409
IRS990/OtherExpensesGrp/ProgramServicesAmt1242731
IRS990/OtherExpensesGrp/ProgramServicesAmt2229345
IRS990/OtherExpensesGrp/ProgramServicesAmt3159329
IRS990/OtherExpensesGrp/TotalAmt0165409
IRS990/OtherExpensesGrp/TotalAmt1242731
IRS990/OtherExpensesGrp/TotalAmt2229345
IRS990/OtherExpensesGrp/TotalAmt3159329
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08406
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05551
IRS990/PrincipalOfficerNm0MICHAEL LANCET
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01577543
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12322
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt023303
IRS990/PYOtherExpensesAmt01642397
IRS990/PYProgramServiceRevenueAmt01436990
IRS990/PYRevenuesLessExpensesAmt0-182104
IRS990/PYTotalExpensesAmt01642397
IRS990/PYTotalRevenueAmt01460293
IRS990/ReconcilationRevenueExpnssAmt0125716
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01579865
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01194383
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01304927
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012857
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012857
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DELEGATED - MANAGEMENT HAS BEEN DELEGATED TO A THIRD-PARTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CLASSES OF MEMBERS OR STOCKHOLDERS - THE VILLAGES AT SEVEN SPRINGS, INC. IS A NON-STOCK ASSOCIATION INCORPORATED ON NOVEMBER 11, 1987. THE ASSOCIATION IS RESPONSIBLE FOR THE OPERATION AND MAINTENANCE OF THE COMMON PROPERTY OF THE DEVELOPMENT, WHICH IS LOCATED ON APPROXIMATELY 70 ACRES IN SOMERSET COUNTY, PENNSYLVANIA. THE ASSOCIATION CONSISTS OF RESIDENT MEMBERS WHO ARE OWNERS OF 565 UNITS IN FIVE SEPARATE CONDOMINIUM ASSOCIATIONS AND THREE DEVELOPMENTS WITHIN THE VILLAGES AT SEVEN SPRINGS, INC. THE CONDOMINIUM ASSOCIAITONS INCLUED IN THE ASSOCIAITON ARE MEADOWRIDGE CONDOMINIUMS, INC., STONEGATE AT SEVEN SPRINGS, INC., STONERIDGE CONDOMINIUMS, INC., SUNRIDGE CONDOMINIUMS, INC. AND WOODRIDGE CONDOMINIUMS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTION OF MEMBERS AND THEIR RIGHTS - THE MEMBERS OF THE ASSOCIATION ELECT A 5-MEMBER BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS SUBJECT TO APPROVAL OF MEMBERS - THE BOARD OF DIRECTORS HAS AUTHORITY TO MAKE MOST DECISIONS ON BEHALF OF THE MEMBERSHIP ASSOCIATION. HOWEVER, THERE ARE CERTAIN OCCASIONS WHERE MEMBERSHIP APPROVAL IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATIONS PROCESS TO REVIEW FORM 990 - FORM 990 IS REVIEWED BY A DESIGNATED MEMBER OF THE BOARD OF DIRECTORS, USUALLY THE PRESIDENT AND/OR TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS DISCOLSURE EXPLANATION - GOVERNING DOCOUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PART IX, LINE 24E - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TOT/PROG SVC MGMT & GEN FUNDRAISING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8EXT. LIGHT MAINT. $ 8,672 $0 $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ROAD/LOT MAINT. $ 14,827 $0 $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10FIRE EXTINGUISHERS $ 11,491 $0 $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11CABLE TV 134850. 134850. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12CLUBHOUSE 61634. 61634. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13SECURITY AND MONITORING 156050. 156050. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14TRASH 35419. 35419. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15UTILITIES 45467. 45467. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16MAINTENANCE SUPERVISOR 32205. 32205. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17OTHER EXPENSES 34990. 34990. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01607103
IRS990/TotalAssetsEOYAmt01775813
IRS990/TotalAssetsGrp/BOYAmt01607103
IRS990/TotalAssetsGrp/EOYAmt01775813
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0185745
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01297429
IRS990/TotalFunctionalExpensesGrp/TotalAmt01483174
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0303439
IRS990/TotalLiabilitiesEOYAmt0346433
IRS990/TotalLiabilitiesGrp/BOYAmt0303439
IRS990/TotalLiabilitiesGrp/EOYAmt0346433
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01303664
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01429380
IRS990/TotalProgramServiceExpensesAmt01297429
IRS990/TotalProgramServiceRevenueAmt01579865
IRS990/TotalRevenueGrp/ExclusionAmt029025
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01579865
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01608890
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01607103
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01775813
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02254 CLAIRMONT DRIVE
IRS990/USAddress/CityNm0PITTSBURGH
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015241
IRS990/VotingMembersGoverningBodyCnt0564
IRS990/VotingMembersIndependentCnt0564
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL LANCET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08143524716
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE VILLAGES AT SEVEN SPRINGS INC
ReturnHeader/Filer/BusinessNameControlTxt0VILL
ReturnHeader/Filer/EIN0251568046
ReturnHeader/Filer/PhoneNum08143524716
ReturnHeader/Filer/USAddress/AddressLine1Txt01 SUNRIDGE DRIVE
ReturnHeader/Filer/USAddress/CityNm0CHAMPION
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015622
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232907845
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MERCADANTE & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02200 GEORGETOWN DR STE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEWICKLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015143
ReturnHeader/PreparerPersonGrp/PhoneNum07248693007
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN C KRATSAS CPA
ReturnHeader/ReturnTs02025-09-15T10:37:37-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.