Civic Intelligence

Island Beach Way Homeowners

EIN 47-1226825 • 501(c)4 • Lawrenceville, NJ

Profile

Maintain common green areas, streets, and sidewalks and to enforce covenants to preserve the appearance of the community.

141 Glenview DriveLawrenceville, NJ 08648

n/A

Siviq Scores

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

Liabilities / Assets

69th percentile

0.26x

Higher debt load relative to assets than 69% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2025

Liabilities / Revenue

69th percentile

0.31x

Higher debt load relative to revenue than 69% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2025

Net Margin

52nd percentile

4.3%

Higher net margin than 52% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2025

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

NTEE L • <$500k nonprofits • Source year 2025

Asset Growth

78th percentile

23%

Faster asset growth than 78% of similar nonprofits.

NTEE L • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

41st percentile

-3.0%

Faster revenue growth than 41% of similar nonprofits.

NTEE L • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$23,646

Up $4,412 (+23%) from 2024

Liabilities

Up

$6,196

Up $3,534 (+133%) from 2024

Net Assets

Up

$17,450

Up $878 (+5.3%) from 2024

Operations
Liabilities / Revenue69th percentileNet Margin52nd percentile

Revenue

Down

$20,310

Down $620 (-3.0%) from 2024

Expenses

Up

$19,432

Up $3,984 (+26%) from 2024

Net Income

Down

$878

Down $4,604 (-84%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

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

$30K$20K$10K$0Assets 2014: $1Liabilities 2014: $02014Assets 2015: $15,567Liabilities 2015: $02015Assets 2016: $13,669Liabilities 2016: $1,1922016Assets 2017: $11,903Liabilities 2017: $2,0312017Assets 2018: $19,268Liabilities 2018: $5,860Net Assets 2018: $13,4082018Assets 2019: $19,270Liabilities 2019: $4,642Net Assets 2019: $14,6282019Assets 2020: $13,185Liabilities 2020: $4,472Net Assets 2020: $8,7132020Assets 2021: $16,816Liabilities 2021: $9,296Net Assets 2021: $7,5202021Assets 2022: $12,224Liabilities 2022: $7,723Net Assets 2022: $4,5012022Assets 2023: $19,630Liabilities 2023: $8,540Net Assets 2023: $11,0902023Assets 2024: $19,234Liabilities 2024: $2,662Net Assets 2024: $16,5722024Assets 2025: $23,646Liabilities 2025: $6,196Net Assets 2025: $17,4502025

Highlighted filing

2025

Assets$23,646
Liabilities$6,196
Net Assets$17,450
Open 2025 Filing

Operations Trend

Revenue Growth41st percentile

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

$30K$20K$10K$0-$10KRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $15,567Expenses 2015: $0Net Income 2015: $15,5672015Revenue 2016: $4,552Expenses 2016: $7,642Net Income 2016: -$3,0902016Revenue 2017: $14,363Expenses 2017: $16,968Net Income 2017: -$2,6052017Revenue 2018: $19,083Expenses 2018: $15,547Net Income 2018: $3,5362018Revenue 2019: $17,214Expenses 2019: $15,994Net Income 2019: $1,2202019Revenue 2020: $20,219Expenses 2020: $26,134Net Income 2020: -$5,9152020Revenue 2021: $18,274Expenses 2021: $19,467Net Income 2021: -$1,1932021Revenue 2022: $19,705Expenses 2022: $22,724Net Income 2022: -$3,0192022Revenue 2023: $18,765Expenses 2023: $12,176Net Income 2023: $6,5892023Revenue 2024: $20,930Expenses 2024: $15,448Net Income 2024: $5,4822024Revenue 2025: $20,310Expenses 2025: $19,432Net Income 2025: $8782025

Highlighted filing

2025

Revenue$20,310
Expenses$19,432
Net Income$878
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,646
Liabilities
$6,196
Net assets
$17,450
Revenue
$20,310
Expenses
$19,432
Net income
$878
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$23.6$6.20$17.5$20.3$19.4$0.88
2024Detailed filing. Detailed filing data is available for this year.$19.2$2.66$16.6$20.9$15.4$5.48
2023Detailed filing. Detailed filing data is available for this year.$19.6$8.54$11.1$18.8$12.2$6.59
2022Detailed filing. Detailed filing data is available for this year.$12.2$7.72$4.50$19.7$22.7$3.02
2021Detailed filing. Detailed filing data is available for this year.$16.8$9.30$7.52$18.3$19.5$1.19
2020Detailed filing. Detailed filing data is available for this year.$13.2$4.47$8.71$20.2$26.1$5.92
2019Detailed filing. Detailed filing data is available for this year.$19.3$4.64$14.6$17.2$16.0$1.22
2018Detailed filing. Detailed filing data is available for this year.$19.3$5.86$13.4$19.1$15.5$3.54
2017Summary only. Only limited summary data is available for this year.$11.9$2.03$14.4$17.0$2.61
2016Summary only. Only limited summary data is available for this year.$13.7$1.19$4.55$7.64$3.09
2015Summary only. Only limited summary data is available for this year.$15.6$0.00$15.6$0.00$15.6
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 13, 2026
Return Version
2025v4.0
Gross Receipts
$20,310
Mission and Program Overview

Mission

Maintain common green areas, streets, and sidewalks and to enforce covenants to preserve the appearance of the community.

Program Services

DescriptionGrantsExpenses
MAINTENANCE OF COMMON GREEN AREAS, STREETS AND SIDEWALKS-$19,432
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALMA CICCARELLIPresident-$0--
RICHARD KOREYVAFinancial Co-$0--
KAREN GALFOSecretary-$0--
ANTHONY MORMILETreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Island Beach Way Homeowners
EIN
47-1226825
Phone
7329204252
Address
141 GLENVIEW DRIVE, LAWRENCEVILLE, NJ 08648

Signing Officer

Name
Richard Koreyva
Title
Financial Consultant
Phone
7329204252
Signed
2026-02-13
Discuss with paid preparer
Yes

Preparer

Firm
Daniel J Destefano CPA
Address
223 DRUM POINT ROAD, BRICK, NJ 08723
Preparer
Daniel J Destefano
Phone
7329204252
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses expenses 19,432 total 19,432”

Form 990-ez, Part II, Line 24

“Accounts receivable 202 75 total 202 75”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 18 0 homeowners prepaid dues 2,644 6,196”

Form 990-ez, Part III

“Maintain common green areas, streets, and sidewalks and to enforce covenants to preserve the appearance of the community.”

Raw XML Appendix107 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0RICHARD KOREYVA
IRS990EZ/BooksInCareOfDetail/PhoneNum07329204252
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0141 GLENVIEW DR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAWRENCEVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd008648
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt019032
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt023571
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0878
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt019234
IRS990EZ/Form990TotalAssetsGrp/EOYAmt023646
IRS990EZ/GrossReceiptsAmt020310
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt016572
IRS990EZ/NetAssetsOrFundBalancesEOYAmt017450
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt016572
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt017450
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ALMA CICCARELLI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RICHARD KOREYVA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KAREN GALFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ANTHONY MORMILE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1FINANCIAL CO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0202
IRS990EZ/OtherAssetsTotalDetail/EOYAmt075
IRS990EZ/OtherExpensesTotalAmt019432
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0MAINTAIN COMMON GREEN AREAS, STREETS, AND SIDEWALKS AND TO ENFORCE COVENANTS TO PRESERVE THE APPEARANCE OF THE COMMUNITY.
IRS990EZ/ProgramServiceRevenueAmt020310
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MAINTENANCE OF COMMON GREEN AREAS, STREETS AND SIDEWALKS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt019432
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02662
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt06196
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt019432
IRS990EZ/TotalProgramServiceExpensesAmt019432
IRS990EZ/TotalRevenueAmt020310
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES EXPENSES 19,432 TOTAL 19,432
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 202 75 TOTAL 202 75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 18 0 HOMEOWNERS PREPAID DUES 2,644 6,196
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MAINTAIN COMMON GREEN AREAS, STREETS, AND SIDEWALKS AND TO ENFORCE COVENANTS TO PRESERVE THE APPEARANCE OF THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD KOREYVA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCIAL CONSULTANT
ReturnHeader/BusinessOfficerGrp/PhoneNum07329204252
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ISLAND BEACH WAY HOMEOWNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ISLA
ReturnHeader/Filer/EIN0471226825
ReturnHeader/Filer/PhoneNum07329204252
ReturnHeader/Filer/USAddress/AddressLine1Txt0141 GLENVIEW DRIVE
ReturnHeader/Filer/USAddress/CityNm0LAWRENCEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008648
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223688327
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DANIEL J DESTEFANO CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0223 DRUM POINT ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRICK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008723
ReturnHeader/PreparerPersonGrp/PhoneNum07329204252
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL J DESTEFANO
ReturnHeader/ReturnTs02026-02-15T10:27:20-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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