Civic Intelligence

Drum Point Property Owners Association Inc

990 • Fiscal year 2016 • EIN 52-1361680

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 26, 2016

401 Lake DriveLusby, MD 20657

(410) 326-6148

Siviq Scores

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

Liabilities / Assets

78th percentile

0.34x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.96x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Net Margin

95th percentile

67%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Asset Growth

93rd percentile

49%

Faster asset growth than 93% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

310%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$644,638

Up $210,672 (+49%) from 2015

Net Assets

Up

$426,093

Up $152,242 (+56%) from 2015

Liabilities

Up

$218,545

Up $58,430 (+36%) from 2015

Revenue

Up

$227,902

Up $172,350 (+310%) from 2015

Expenses

Up

$75,660

Up $9,383 (+14%) from 2015

Net Income

Up

$152,242

Up $162,967 (+1520%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $335,387Liabilities 2011: $51,5842011Assets 2012: $323,570Liabilities 2012: $46,8472012Assets 2013: $319,564Liabilities 2013: $23,000Net Assets 2013: $296,5642013Assets 2014: $309,326Liabilities 2014: $24,750Net Assets 2014: $284,5762014Assets 2015: $433,966Liabilities 2015: $160,115Net Assets 2015: $273,8512015Assets 2016: $644,638Liabilities 2016: $218,545Net Assets 2016: $426,0932016Assets 2017: $668,075Liabilities 2017: $198,258Net Assets 2017: $469,8172017Assets 2018: $731,429Liabilities 2018: $220,362Net Assets 2018: $511,0672018Assets 2019: $724,347Liabilities 2019: $229,678Net Assets 2019: $494,6692019Assets 2020: $736,655Liabilities 2020: $204,785Net Assets 2020: $531,8702020Assets 2021: $711,332Liabilities 2021: $222,794Net Assets 2021: $488,5382021Assets 2022: $653,551Liabilities 2022: $210,236Net Assets 2022: $443,3152022Assets 2023: $940,849Liabilities 2023: $449,336Net Assets 2023: $491,5132023Assets 2024: $658,083Liabilities 2024: $194,957Net Assets 2024: $463,1262024Assets 2025: $572,941Liabilities 2025: $220,499Net Assets 2025: $352,4422025

Highlighted filing

2016

Assets$644,638
Liabilities$218,545
Net Assets$426,093

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $55,966Expenses 2011: $55,044Net Income 2011: $9222011Revenue 2012: $60,832Expenses 2012: $67,912Net Income 2012: -$7,0802012Revenue 2013: $66,535Expenses 2013: $46,694Net Income 2013: $19,8412013Revenue 2014: $48,901Expenses 2014: $60,889Net Income 2014: -$11,9882014Revenue 2015: $55,552Expenses 2015: $66,277Net Income 2015: -$10,7252015Revenue 2016: $227,902Expenses 2016: $75,660Net Income 2016: $152,2422016Revenue 2017: $220,108Expenses 2017: $176,384Net Income 2017: $43,7242017Revenue 2018: $370,859Expenses 2018: $329,609Net Income 2018: $41,2502018Revenue 2019: $345,818Expenses 2019: $362,216Net Income 2019: -$16,3982019Revenue 2020: $372,675Expenses 2020: $335,474Net Income 2020: $37,2012020Revenue 2021: $464,812Expenses 2021: $508,144Net Income 2021: -$43,3322021Revenue 2022: $401,319Expenses 2022: $446,542Net Income 2022: -$45,2232022Revenue 2023: $473,181Expenses 2023: $424,983Net Income 2023: $48,1982023Revenue 2024: $608,530Expenses 2024: $636,917Net Income 2024: -$28,3872024Revenue 2025: $493,729Expenses 2025: $604,413Net Income 2025: -$110,6842025

Highlighted filing

2016

Revenue$227,902
Expenses$75,660
Net Income$152,242
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 26, 2016
Return Version
2015v2.1
Gross Receipts
$227,902
Mission and Program Overview

Mission

Promote the general welfare of the property owners and protect the environmental conditions within the drum point subdivision.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$206,101$303,625▲ $97,524
Land, Buildings, and Equipment, Net$148,902$149,272▲ $370
Savings and Temporary Cash Investments$46,892$104,701▲ $57,809
Accounts Receivable$32,071$63,922▲ $31,851
Pledges and Grants Receivable-$23,118-
Total Assets$433,966$644,638▲ $210,672
Liabilities
Deferred Revenue$141,115$192,852▲ $51,737
Other Liabilities$19,000$24,000▲ $5,000
Accounts Payable and Accrued Expenses-$1,693-
Total Liabilities$160,115$218,545▲ $58,430
Net Assets / Fund Balance
Unrestricted Net Assets$255,104$407,044▲ $151,940
Temporarily Rstr Net Assets$18,747$19,049▲ $302
Total Net Assets Fund Balance$273,851$426,093▲ $152,242
Total Liabilities and Net Assets / Fund Balance$433,966$644,638▲ $210,672

Asset Categories

AssetBook ValueDepreciationBasis
Land$91,320-$91,320
Buildings$57,952$26,428$84,380
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary HealPresident
Amy RispinMember
Curt LarsenMember
John RoveroMember
Tony SpakauskasMember
Vince BarazzoneMember
Paula WalkerSecretary
Jack AndreTreasurer
Libby FallVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$225,893
Investment Income
$13
Other Revenue
$1,996
Change in Net Assets
$152,242

Audited Revenue Reconciliation

Revenue per Audited Statements
$227,902
Total Revenue per Audited Statements
$227,902
Total Revenue per Form 990
$227,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,962
Salaries, Compensation, and Employee Benefits$24,698
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$25,266--$25,266
Other Salaries and Wages$22,990--$22,990
Office Expenses$9,005--$9,005
Fees for Services Other$5,041--$5,041
Fees for Services Legal$3,408--$3,408
Insurance$2,896--$2,896
Depreciation Depletion$2,830--$2,830
Payroll Taxes$1,708--$1,708
Other Expenses$590--$590
Total Functional Expenses$75,660$0$0$75,660

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$75,660
Total Expenses per Audited Statements$75,660
Total Expenses per Form 990$75,660
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Road Bonds Payable$24,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the association manager, treasurer and president before the return is filed.

Form 990, Page 6, Part VI, Line 12C

The board members sign a confidentially statement and standard of conducts agreement.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy, financial statements are avaiable upon request.

Filing and Contact Details

Filer

Filer Name
Drum Point Property Owners
EIN
52-1361680
Phone
4103266148
Address
401 LAKE DRIVE, LUSBY, MD 20657

Signing Officer

Name
Gary Heal
Title
President
Phone
4103266148
Signed
2016-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Heal
Formed
1972
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
29

Preparer

Firm
Toal Griffith Ragula LLC
Address
130 ADMIRAL COCHRANE DR SUITE 200, ANNAPOLIS, MD 21401-7368
Preparer
Jeffrey S Griffith CPA
Phone
4102240343
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The association is exempt from federal income taxes under section 501(c)(4) of the internal revenue code, except on net income, if any, from unrelated business activities, and is classified as an organization that is not a private foundation. The association's informational return is subject to examination by the internal revenue service and the state of maryland, generally for the three years after it is filed.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt075660
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE ASSOCIATION MANAGER, TREASURER AND PRESIDENT BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS SIGN A CONFIDENTIALLY STATEMENT AND STANDARD OF CONDUCTS AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS ARE AVAIABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt018747
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt019049
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0433966
IRS990/TotalAssetsEOYAmt0644638
IRS990/TotalAssetsGrp/BOYAmt0433966
IRS990/TotalAssetsGrp/EOYAmt0644638
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt075660
IRS990/TotalFunctionalExpensesGrp/TotalAmt075660
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0160115
IRS990/TotalLiabilitiesEOYAmt0218545
IRS990/TotalLiabilitiesGrp/BOYAmt0160115
IRS990/TotalLiabilitiesGrp/EOYAmt0218545
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0273851
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0426093
IRS990/TotalProgramServiceExpensesAmt075660
IRS990/TotalProgramServiceRevenueAmt0225893
IRS990/TotalRevenueGrp/ExclusionAmt02009
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0225893
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0227902
IRS990/TotalVolunteersCnt029
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0433966
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0644638
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0255104
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0407044
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0401 LAKE DRIVE
IRS990/USAddress/CityNm0LUSBY
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020657
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.DPPOA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY HEAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04103266148
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DRUM POINT PROPERTY OWNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0DRUM
ReturnHeader/Filer/EIN0521361680
ReturnHeader/Filer/PhoneNum04103266148
ReturnHeader/Filer/USAddress/AddressLine1Txt0401 LAKE DRIVE
ReturnHeader/Filer/USAddress/CityNm0LUSBY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020657
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200274631
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TOAL GRIFFITH RAGULA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0130 ADMIRAL COCHRANE DR SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANNAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0214017368
ReturnHeader/PreparerPersonGrp/PhoneNum04102240343
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY S GRIFFITH CPA
ReturnHeader/ReturnTs02016-10-27T08:17:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.73$2.20$3.52$4.94$6.04$1.11
2024Detailed filing. Detailed filing data is available for this year.$6.58$1.95$4.63$6.09$6.37$0.28
2023Detailed filing. Detailed filing data is available for this year.$9.41$4.49$4.92$4.73$4.25$0.48
2022Detailed filing. Detailed filing data is available for this year.$6.54$2.10$4.43$4.01$4.47$0.45
2021Detailed filing. Detailed filing data is available for this year.$7.11$2.23$4.89$4.65$5.08$0.43
2020Detailed filing. Detailed filing data is available for this year.$7.37$2.05$5.32$3.73$3.35$0.37
2019Detailed filing. Detailed filing data is available for this year.$7.24$2.30$4.95$3.46$3.62$0.16
2018Detailed filing. Detailed filing data is available for this year.$7.31$2.20$5.11$3.71$3.30$0.41
2017Detailed filing. Detailed filing data is available for this year.$6.68$1.98$4.70$2.20$1.76$0.44
2016Detailed filing. Detailed filing data is available for this year.$6.45$2.19$4.26$2.28$0.76$1.52
2015Detailed filing. Detailed filing data is available for this year.$4.34$1.60$2.74$0.56$0.66$0.11
2014Detailed filing. Detailed filing data is available for this year.$3.09$0.25$2.85$0.49$0.61$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$0.23$2.97$0.67$0.47$0.20
2012Summary only. Only limited summary data is available for this year.$3.24$0.47$0.61$0.68$0.07
2011Summary only. Only limited summary data is available for this year.$3.35$0.52$0.56$0.55$0.01