Civic Intelligence

Cloverfields Property Owners Association Inc

990 • Fiscal year 2015 • EIN 52-1627482

Nov 01, 2014 to Oct 31, 2015 • Filed on Feb 25, 2016

Organization Profile
PO Box 488Stevensville, MD 21666

(410) 643-4392

Siviq Scores

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

Liabilities / Assets

45th percentile

0.05x

Higher debt load relative to assets than 45% of similar nonprofits.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.16x

Higher debt load relative to revenue than 55% of similar nonprofits.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2015

Net Margin

95th percentile

44%

Higher net margin than 95% of similar nonprofits.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$5,400

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2015

Asset Growth

88th percentile

21%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

82nd percentile

17%

Faster revenue growth than 82% of similar nonprofits.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$834,599

Up $143,646 (+21%) from 2014

Net Assets

Up

$796,580

Up $105,646 (+15%) from 2014

Liabilities

Up

$38,019

Up $38,000 (+200000%) from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin95th percentile

Revenue

Up

$237,697

Up $34,914 (+17%) from 2014

Expenses

Down

$132,049

Down $73,216 (-36%) from 2014

Net Income

Up

$105,648

Up $108,130 (+4357%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $474,085Liabilities 2011: $28,360Net Assets 2011: $445,7252011Assets 2012: $541,387Liabilities 2012: $4,105Net Assets 2012: $537,2822012Assets 2013: $601,176Liabilities 2013: $19Net Assets 2013: $601,1572013Assets 2014: $690,953Liabilities 2014: $19Net Assets 2014: $690,9342014Assets 2015: $834,599Liabilities 2015: $38,019Net Assets 2015: $796,5802015Assets 2016: $895,152Liabilities 2016: $26,019Net Assets 2016: $869,1332016Assets 2017: $867,136Liabilities 2017: $19Net Assets 2017: $867,1172017Assets 2018: $878,495Liabilities 2018: $19Net Assets 2018: $878,4762018Assets 2019: $933,767Liabilities 2019: $19Net Assets 2019: $933,7482019Assets 2020: $953,574Liabilities 2020: $19Net Assets 2020: $953,5552020Assets 2021: $1,019,622Liabilities 2021: $19Net Assets 2021: $1,019,6032021Assets 2022: $1,035,588Liabilities 2022: $19Net Assets 2022: $1,035,5692022Assets 2023: $1,071,943Liabilities 2023: $19Net Assets 2023: $1,071,9242023Assets 2024: $1,062,341Liabilities 2024: $19Net Assets 2024: $1,062,3222024Assets 2025: $1,103,715Liabilities 2025: $19Net Assets 2025: $1,103,6962025

Highlighted filing

2015

Assets$834,599
Liabilities$38,019
Net Assets$796,580
Open 2015 Filing

Operations Trend

Revenue Growth82nd percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $203,926Expenses 2011: $230,274Net Income 2011: -$26,3482011Expenses 2012: $126,8362012Revenue 2013: $195,712Expenses 2013: $129,338Net Income 2013: $66,3742013Revenue 2014: $202,783Expenses 2014: $205,265Net Income 2014: -$2,4822014Revenue 2015: $237,697Expenses 2015: $132,049Net Income 2015: $105,6482015Revenue 2016: $240,951Expenses 2016: $168,388Net Income 2016: $72,5632016Revenue 2017: $235,699Expenses 2017: $238,180Net Income 2017: -$2,4812017Revenue 2018: $251,434Expenses 2018: $240,077Net Income 2018: $11,3572018Revenue 2019: $248,002Expenses 2019: $192,730Net Income 2019: $55,2722019Revenue 2020: $234,974Expenses 2020: $215,167Net Income 2020: $19,8072020Revenue 2021: $247,947Expenses 2021: $181,901Net Income 2021: $66,0462021Revenue 2022: $252,066Expenses 2022: $236,099Net Income 2022: $15,9672022Revenue 2023: $273,400Expenses 2023: $237,045Net Income 2023: $36,3552023Revenue 2024: $271,962Expenses 2024: $281,564Net Income 2024: -$9,6022024Revenue 2025: $286,238Expenses 2025: $244,864Net Income 2025: $41,3742025

Highlighted filing

2015

Revenue$237,697
Expenses$132,049
Net Income$105,648
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2014 to Oct 31, 2015
Signed
Feb 25, 2016
Return Version
2014v6.0
Gross Receipts
$237,697
Mission and Program Overview

Mission

Operation, Maintenance of common areas and amenities located in the Cloverfields subdivision, Queen Annes County MD.

The association is responsible for maintenance and improvements to the common areas in the Cloverfields subdivision, Queen Annes County MD. Amenities operated are a pool, playground, and marina. None of these areas are open to the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$433,864$639,490▲ $205,626
Savings and Temporary Cash Investments$142,850$138,213▼ $4,637
Cash and Non-Interest-Bearing Accounts$114,239$56,896▼ $57,343
Total Assets$690,953$834,599▲ $143,646
Liabilities
Mortgage Notes Payable Secured by Investment Property-$38,000-
Accounts Payable and Accrued Expenses$19$19→ $0
Total Liabilities$19$38,019▲ $38,000
Net Assets / Fund Balance
Unrestricted Net Assets$690,934$796,580▲ $105,646
Total Net Assets Fund Balance$690,934$796,580▲ $105,646
Total Liabilities and Net Assets / Fund Balance$690,953$834,599▲ $143,646

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$534,889-$534,889
Other Land Buildings$104,601-$104,601
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Courtney Chamblis2nd Vice President- Seasonal Pool ManagerPT$5,400$5,400

Board Members and Trustees

NameTitle
Robert MorelliPresident
Jim DiPietro1st Vice President
Lara HollenczerCorresponding Sec
Cindy KoeneFinancial Recorder
Russ SchallueMember at large I
Grant WarnerMember at large II
Jay HerbertMember at large III
Ed NolanMember at large IV
Andy HanasRecording Secretary
Jeanette MeinhardtTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$193,101
Program Service Revenue
$11,177
Investment Income
$706
Other Revenue
$32,713
All Other Contributions
$21,591
Change in Net Assets
$105,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,647
Salaries, Compensation, and Employee Benefits$58,402
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$54,636
Other Expenses---$53,116
Office Expenses---$12,377
Insurance---$5,644
Payroll Taxes---$3,766
Fees for Services Accounting---$2,460
Fees for Services Legal---$50
Total Functional Expenses$0$0$0$132,049
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section I, Line 6

“All owners of property in the Cloverfields subdivision, Queen Annes County, MD are members of the association.”

Form 990, Part VI, Section A, Line 7A

“The members of the Association elect the officers and the Board of Directors at the annual membership meeting each September”

Form 990, Part VI, Section A, Line 7B

“All bylaw changes are subject to approval vote of the members at the annual membership meeting.”

Form 990, Part VI, Section B, Line 11A

“Form 990 is prepared by the accountant for review by the Treasurer and President. The return is signed by the Treasurer or President before filing.”

Form 990, Part VI, Section B, Line 15B

“Salaries of key employees Pool Manager 5,400 per year are set by the Board as part of the annual budget process.”

Form 990, Part VI, Section C, Line 19

“Bylaws and covenants are available in a new owners kit or upon request of any member. Bylaws and covenants are also available on the Associations website. Financial statements are distributed at every board meeting and are available to members upon request. There is no formal conflict of interest policy.”

Filing and Contact Details

Filer

Filer Name
Cloverfields Property Owners Association Inc
EIN
52-1627482
Address
PO Box 488, Stevensville, MD 21666

Signing Officer

Name
Robert Morelli
Title
President
Signed
2016-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Morelli
Formed
1989
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
0
Employees
35

Preparer

Firm
Joseph C Zimmerman CPA
Address
207 Ackerman Road, Stevensville, MD 21666
Preparer
Joseph C Zimmerman CPA
Phone
4106434392
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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/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0104601
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0639490
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All owners of property in the Cloverfields subdivision, Queen Annes County, MD are members of the association.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members of the Association elect the officers and the Board of Directors at the annual membership meeting each September
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All bylaw changes are subject to approval vote of the members at the annual membership meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is prepared by the accountant for review by the Treasurer and President. The return is signed by the Treasurer or President before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Salaries of key employees Pool Manager 5,400 per year are set by the Board as part of the annual budget process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bylaws and covenants are available in a new owners kit or upon request of any member. Bylaws and covenants are also available on the Associations website. Financial statements are distributed at every board meeting and are available to members upon request. There is no formal conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section I, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0690953
IRS990/TotalAssetsEOYAmt0834599
IRS990/TotalAssetsGrp/BOYAmt0690953
IRS990/TotalAssetsGrp/EOYAmt0834599
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0193101
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132049
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019
IRS990/TotalLiabilitiesEOYAmt038019
IRS990/TotalLiabilitiesGrp/BOYAmt019
IRS990/TotalLiabilitiesGrp/EOYAmt038019
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0690934
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0796580
IRS990/TotalProgramServiceRevenueAmt011177
IRS990/TotalReportableCompFromOrgAmt05400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0237697
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0690953
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0834599
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0690934
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0796580
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0102 Nichols Manor Road
IRS990/USAddress/CityNm0Stevensville
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021666
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Morelli
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Cloverfields Property Owners Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0CLOV
ReturnHeader/Filer/EIN0521627482
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 488
ReturnHeader/Filer/USAddress/CityNm0Stevensville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021666
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Joseph C Zimmerman CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0207 Ackerman Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Stevensville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021666
ReturnHeader/PreparerPersonGrp/PhoneNum04106434392
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph C Zimmerman CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-02-25T08:19:44-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-11-01
ReturnHeader/TaxPeriodEndDt02015-10-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$834,599
Liabilities
$38,019
Net assets
$796,580
Revenue
$237,697
Expenses
$132,049
Net income
$105,648
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.29$0.24$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.27$0.28$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.27$0.24$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.25$0.24$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.25$0.18$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.23$0.22$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.25$0.19$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.25$0.24$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.24$0.24$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.90$0.03$0.87$0.24$0.17$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.83$0.04$0.80$0.24$0.13$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.20$0.21$0.00
2013Summary only. Only limited summary data is available for this year.$0.60$0.00$0.60$0.20$0.13$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.54$0.13
2011Summary only. Only limited summary data is available for this year.$0.47$0.03$0.45$0.20$0.23$0.03