Civic Intelligence

Island Beach Way Homeowners Association Inc

990EZ • Fiscal year 2019 • EIN 47-1226825

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 05, 2020

Organization ProfileISLANDBEACHWAY.COM
141 Glenview DriveLawrenceville, NJ 08648

(732) 920-4252

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.24x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.27x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Net Margin

60th percentile

7.1%

Higher net margin than 60% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Asset Growth

61st percentile

0.0%

Faster asset growth than 61% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-9.8%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$19,270

Up $2 (+0.0%) from 2018

Net Assets

Up

$14,628

Up $1,220 (+9.1%) from 2018

Liabilities

Down

$4,642

Down $1,218 (-21%) from 2018

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin60th percentile

Revenue

Down

$17,214

Down $1,869 (-9.8%) from 2018

Expenses

Up

$15,994

Up $447 (+2.9%) from 2018

Net Income

Down

$1,220

Down $2,316 (-65%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$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

2019

Assets$19,270
Liabilities$4,642
Net Assets$14,628
Open 2019 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$17,214
Expenses$15,994
Net Income$1,220
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 5, 2020
Return Version
2019v5.0
Gross Receipts
$17,214
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-$15,994
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANTHONY BONOPresident-$0--
RICHARD KOREYVATreasurer-$0--
NICOLE O'CONNERSecretary-$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
Treasurer
Phone
7329204252
Signed
2020-03-05
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 15,994 total 15,994”

Form 990-ez, Part II, Line 24

“Accounts receivable 53 106 total 53 106”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 5,860 4,642”

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 Appendix110 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/BOYAmt019215
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt019164
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01220
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt019268
IRS990EZ/Form990TotalAssetsGrp/EOYAmt019270
IRS990EZ/GrossReceiptsAmt017214
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt013408
IRS990EZ/NetAssetsOrFundBalancesEOYAmt014628
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt013408
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt014628
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ANTHONY BONO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RICHARD KOREYVA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2NICOLE O'CONNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt053
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0106
IRS990EZ/OtherExpensesTotalAmt015994
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0MAINTAIN COMMON GREEN AREAS, STREETS, AND SIDEWALKS AND TO ENFORCE COVENANTS TO PRESERVE THE APPEARANCE OF THE COMMUNITY.
IRS990EZ/ProgramServiceRevenueAmt017214
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MAINTENANCE OF COMMON GREEN AREAS, STREETS AND SIDEWALKS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt015994
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt05860
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt04642
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt015994
IRS990EZ/TotalProgramServiceExpensesAmt015994
IRS990EZ/TotalRevenueAmt017214
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0ISLANDBEACHWAY.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES EXPENSES 15,994 TOTAL 15,994
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 53 106 TOTAL 53 106
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 5,860 4,642
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/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD KOREYVA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07329204252
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-05
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/FilingSecurityInformation/AtSubmissionCreationDeviceId01AF3C33E068449F31F79581828F5FE3880F7053F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05D96ACE7A68D40918C3C66E3344B65D240667046
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02020-03-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:04:10
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/PreparationDt02020-03-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL J DESTEFANO
ReturnHeader/ReturnTs02020-03-13T14:04:10-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,270
Liabilities
$4,642
Net assets
$14,628
Revenue
$17,214
Expenses
$15,994
Net income
$1,220
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