Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
The Falls Recreation Association Inc
EIN 52-1519576 • 501(c)7 • Glen Burnie, MD
Profile
Maintenance and management of condominium association
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.12x
Liabilities / Revenue
82nd percentile
Higher debt load relative to revenue than 82% of similar nonprofits.
Net Margin
71st percentile
Higher net margin than 71% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
69th percentile
Faster asset growth than 69% of similar nonprofits.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Balance Sheet
Assets
Up$192,248
Up $16,505 (+9.4%) from 2023
Liabilities
Up$23,398
Up $428 (+1.9%) from 2023
Net Assets
Up$168,850
Up $16,077 (+11%) from 2023
Revenue
Up$134,366
Up $40,452 (+43%) from 2023
Expenses
Up$118,289
Up $16,979 (+17%) from 2023
Net Income
Up$16,077
Up $23,473 (+317%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $192,248
- Liabilities
- $23,398
- Net assets
- $168,850
- Revenue
- $134,366
- Expenses
- $118,289
- Net income
- $16,077
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Sep 5, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $134,366
Mission and Program Overview
Mission
Maintenance and management of condominium association
Program Services
| Description | Grants | Expenses |
|---|---|---|
| MAINTENANCE AND MANAGEMENT OF CONDOMINIUM ASSOCIATION | - | $118,289 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RISE MOLOFSKY | President | - | $0 | - | - |
| BELLA VINITSKAYA | Director | - | $0 | - | - |
| MONISA JOYNER | Director | - | $0 | - | - |
| NATALIE COLLIER | Director | - | $0 | - | - |
| ALBERT MARLOWE | Secretary | - | $0 | - | - |
| CLARK BURK | Treasurer | - | $0 | - | - |
| JEFFREY SILVERMAN | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Falls Recreation Association Inc
- EIN
- 52-1519576
- Phone
- 4105083819
- Address
- PO BOX 1029, GLEN BURNIE, MD 21060
Signing Officer
- Name
- Rise Molofsky
- Title
- President
- Signed
- 2025-09-05
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Strauss & Associates PA
- Address
- 9 Park Center Court Suite 300, Owings Mills, MD 21117
- Preparer
- Jonathan Strauss
- Phone
- 4103631011
Supplemental Narrative
Additional Explanations
Other Expenses.1
“POOL EXPENSES $39641”
Other Expenses.2
“ADMINISTRATIVE $12612”
Other Expenses.3
“Repairs and maintenance $11078”
Other Expenses.4
“PROFESSIONAL FEES $10191”
Other Expenses.5
“GROUNDS $7620”
Other Expenses.6
“MANAGEMENT FEE $7416”
Other Expenses.7
“Capital improvements $7168”
Other Expenses.8
“INSURANCE EXPENSE $6853”
Other Expenses.9
“TAXES - OTHER $4888”
Other Expenses.10
“JANITORIAL $3950”
Other Expenses.11
“ELECTRICITY $3361”
Other Expenses.12
“SNOW REMOVAL $1640”
Other Expenses.13
“WATER & SEWER $1446”
Other Expenses.14
“EXTERMINATING $425”
Other Assets.1005
“Accounts Receivable - Beginning $8094 Accounts Receivable - Ending $18434”
Other Assets.1011
“Prepaid Expenses and Deferred Charges - Beginning $2782 Prepaid Expenses and Deferred Charges - Ending $3212”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $1278 Accounts Payable and Accrued Expenses - Ending $1347”
Total Liabilities.1003
“Deferred Revenue - Beginning $21692 Deferred Revenue - Ending $22051”
Raw XML Appendix156 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | METROPOLITAN MANAGEMENT GROUP |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4105083819 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 1029 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | GLEN BURNIE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 21060 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 164867 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 170602 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 16077 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 175743 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 192248 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 134366 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2656 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 131710 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 152773 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 168850 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 152773 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 168850 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | RISE MOLOFSKY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | BELLA VINITSKAYA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MONISA JOYNER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | NATALIE COLLIER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ALBERT MARLOWE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | CLARK BURK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | JEFFREY SILVERMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 10876 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 21646 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 118289 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | MAINTENANCE AND MANAGEMENT OF CONDOMINIUM ASSOCIATION |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | MAINTENANCE AND MANAGEMENT OF CONDOMINIUM ASSOCIATION |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 118289 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 22970 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 23398 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 118289 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 118289 |
| IRS990EZ/TotalRevenueAmt | 0 | 134366 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | POOL EXPENSES $39641 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ADMINISTRATIVE $12612 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | REPAIRS AND MAINTENANCE $11078 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PROFESSIONAL FEES $10191 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | GROUNDS $7620 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | MANAGEMENT FEE $7416 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | CAPITAL IMPROVEMENTS $7168 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | INSURANCE EXPENSE $6853 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | TAXES - OTHER $4888 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | JANITORIAL $3950 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | ELECTRICITY $3361 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | SNOW REMOVAL $1640 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | WATER & SEWER $1446 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | EXTERMINATING $425 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | Accounts Receivable - Beginning $8094 Accounts Receivable - Ending $18434 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | Prepaid Expenses and Deferred Charges - Beginning $2782 Prepaid Expenses and Deferred Charges - Ending $3212 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | Accounts Payable and Accrued Expenses - Beginning $1278 Accounts Payable and Accrued Expenses - Ending $1347 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | Deferred Revenue - Beginning $21692 Deferred Revenue - Ending $22051 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.7 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Expenses.11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Other Expenses.12 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Other Expenses.13 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Other Expenses.14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Other Assets.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Other Assets.1011 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | Total Liabilities.1003 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RISE MOLOFSKY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-09-05 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE FALLS RECREATION ASSOCIATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FALL |
| ReturnHeader/Filer/EIN | 0 | 521519576 |
| ReturnHeader/Filer/PhoneNum | 0 | 4105083819 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 1029 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GLEN BURNIE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 21060 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 521488983 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Strauss & Associates PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 9 Park Center Court Suite 300 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Owings Mills |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 21117 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4103631011 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JONATHAN STRAUSS |
| ReturnHeader/ReturnTs | 0 | 2025-09-08T09:56:12-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
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