Civic Intelligence

Salisbury Homeowners Association

990 • Fiscal year 2019 • EIN 54-1316162

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 03, 2020

PO Box 1024Midlothian, VA 23113

(804) 897-7462

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Net Margin

61st percentile

7.8%

Higher net margin than 61% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Top Officer Pay

94th percentile

$24,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

48th percentile

-0.8%

Faster revenue growth than 48% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$283,639

Up $34,285 (+14%) from 2018

Net Assets

Up

$283,639

Up $34,285 (+14%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$143,717

Down $1,161 (-0.8%) from 2018

Expenses

Down

$132,448

Down $18,334 (-12%) from 2018

Net Income

Up

$11,269

Up $17,173 (+291%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $220,500Liabilities 2011: $0Net Assets 2011: $220,5002011Assets 2012: $207,505Liabilities 2012: $0Net Assets 2012: $207,5052012Assets 2013: $205,981Liabilities 2013: $0Net Assets 2013: $205,9812013Assets 2014: $232,921Liabilities 2014: $0Net Assets 2014: $232,9212014Assets 2015: $243,602Liabilities 2015: $0Net Assets 2015: $243,6022015Assets 2016: $261,366Liabilities 2016: $0Net Assets 2016: $261,3662016Assets 2017: $270,721Liabilities 2017: $0Net Assets 2017: $270,7212017Assets 2018: $249,354Liabilities 2018: $0Net Assets 2018: $249,3542018Assets 2019: $283,639Liabilities 2019: $0Net Assets 2019: $283,6392019Assets 2020: $314,262Liabilities 2020: $0Net Assets 2020: $314,2622020Assets 2021: $357,230Liabilities 2021: $0Net Assets 2021: $357,2302021Assets 2022: $292,416Liabilities 2022: $0Net Assets 2022: $292,4162022Assets 2023: $269,054Liabilities 2023: $0Net Assets 2023: $269,0542023Assets 2024: $307,599Liabilities 2024: $0Net Assets 2024: $307,5992024

Highlighted filing

2019

Assets$283,639
Liabilities$0
Net Assets$283,639

Operations Trend

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

$200K$100K$0-$100KExpenses 2011: $175,7832011Revenue 2012: $142,032Expenses 2012: $155,027Net Income 2012: -$12,9952012Revenue 2013: $138,924Expenses 2013: $140,448Net Income 2013: -$1,5242013Revenue 2014: $133,712Expenses 2014: $106,815Net Income 2014: $26,8972014Revenue 2015: $132,505Expenses 2015: $116,577Net Income 2015: $15,9282015Revenue 2016: $129,935Expenses 2016: $118,681Net Income 2016: $11,2542016Revenue 2017: $131,899Expenses 2017: $135,814Net Income 2017: -$3,9152017Revenue 2018: $144,878Expenses 2018: $150,782Net Income 2018: -$5,9042018Revenue 2019: $143,717Expenses 2019: $132,448Net Income 2019: $11,2692019Revenue 2020: $146,011Expenses 2020: $117,277Net Income 2020: $28,7342020Revenue 2021: $152,102Expenses 2021: $131,025Net Income 2021: $21,0772021Revenue 2022: $151,726Expenses 2022: $179,524Net Income 2022: -$27,7982022Revenue 2023: $150,567Expenses 2023: $191,171Net Income 2023: -$40,6042023Revenue 2024: $177,870Expenses 2024: $147,572Net Income 2024: $30,2982024

Highlighted filing

2019

Revenue$143,717
Expenses$132,448
Net Income$11,269
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 3, 2020
Return Version
2019v5.0
Gross Receipts
$143,717
Mission and Program Overview

Mission

To provide for the upkeep and general maintenance of the neighborhood and its common areas. To update neighborhood convenants and restrictions as needed and to provide a safe, family friendly neighborhood that fosters a sense of community pride.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$249,354$283,639▲ $34,285
Investments in Publicly Traded Securities$93,730$121,252▲ $27,522
Savings and Temporary Cash Investments$80,756$93,859▲ $13,103
Land, Buildings, and Equipment, Net$53,155$45,008▼ $8,147
Cash and Non-Interest-Bearing Accounts$21,713$23,520▲ $1,807
Total Assets$249,354$283,639▲ $34,285
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$249,354$283,639▲ $34,285
Total Liabilities and Net Assets / Fund Balance$249,354$283,639▲ $34,285

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,608$275,709$294,317
Buildings-$28,163$28,163
Land$26,400-$26,400
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joanne WardDirectorPT$24,000$24,000

Board Members and Trustees

NameTitle
Phil SidoPresident
Bill FergusonDirector
Donna ColeDirector
Edward J Malloy JrDirector
Irene DeliaDirector
Janet MallonDirector
Karen PattersonDirector
Ken WillardDirector
Laura StayinDirector
Patrick BuschDirector
Terry StroudDirector
Cindy EdelmanSecretary
William R CharletTreasurer
Wick LyneVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$55
Program Service Revenue
$138,303
Investment Income
$5,359
Other Revenue
$0
All Other Contributions
$55
Change in Net Assets
$11,269
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,448
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$24,975-$24,975
Insurance-$8,377-$8,377
Depreciation Depletion$8,147--$8,147
All Other Expenses$6,959--$6,959
Office Expenses$3,245$1,725-$4,970
Other Expenses$4,805--$4,805
Fees for Services Legal$156$209-$365
Conferences and Meetings$325--$325
Total Functional Expenses$97,162$35,286$0$132,448
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Membership is open to all persons who own one or more parcels of real estate in the residential subdivision. Persons who lease property in the subdivision may become members upon the receipt of a written proxy by the property owner. Persons eligible for membership become members upon payment of the annual membership dues.

Form 990, Page 6, Part VI, Line 7A

Each member is entitled to one vote. In the case of joint ownership, the owners are entitled to one single vote. Only persons who were members 30 days prior to the vote will be eligible to vote. The board of directors and governing body is elected based on a majority vote. Votes are cast by written proxy.

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

The treasurer reviews all tax forms prior to filing with the appropriate government agency. Form 990 is available to the public upon request.

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

The board reviews all transactions that create a conflict of interest.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Salisbury Homeowners Association
EIN
54-1316162
Phone
8048977462
Address
PO BOX 1024, MIDLOTHIAN, VA 23113

Signing Officer

Name
William R Charlet
Title
Treasurer
Phone
8048977462
Signed
2020-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William R Charlet
Formed
1985
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
4

Preparer

Firm
Harris Hardy & Johnstone Pc
Address
300 ARBORETUM PL STE 660, RICHMOND, VA 23236
Preparer
Hilbert W Wilkinson Iii
Phone
8045600560
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide for the upkeep and general maintenance of the neighborhood and its common areas. To update neighborhood convenants and restrictions as needed and to provide a safe, family friendly neighborhood that fosters a sense of community pride.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13790
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt03790
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0247
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05725
IRS990/PYOtherExpensesAmt0150782
IRS990/PYProgramServiceRevenueAmt0138906
IRS990/PYRevenuesLessExpensesAmt0-5904
IRS990/PYTotalExpensesAmt0150782
IRS990/PYTotalRevenueAmt0144878
IRS990/ReconcilationRevenueExpnssAmt011269
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0249354
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0283639
IRS990/SavingsAndTempCashInvstGrp/BOYAmt080756
IRS990/SavingsAndTempCashInvstGrp/EOYAmt093859
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt028163
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt028163
IRS990ScheduleD/LandGrp/BookValueAmt026400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt026400
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018608
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0275709
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0294317
IRS990ScheduleD/TotalBookValueLandBuildingsAmt045008
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE FOR THE UPKEEP AND GENERAL MAINTENANCE OF THE NEIGHBORHOOD AND ITS COMMON AREAS. TO UPDATE NEIGHBORHOOD CONVENANTS AND RESTRICTIONS AS NEEDED AND TO PROVIDE A SAFE, FAMILY FRIENDLY NEIGHBORHOOD THAT FOSTERS A SENSE OF COMMUNITY PRIDE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP IS OPEN TO ALL PERSONS WHO OWN ONE OR MORE PARCELS OF REAL ESTATE IN THE RESIDENTIAL SUBDIVISION. PERSONS WHO LEASE PROPERTY IN THE SUBDIVISION MAY BECOME MEMBERS UPON THE RECEIPT OF A WRITTEN PROXY BY THE PROPERTY OWNER. PERSONS ELIGIBLE FOR MEMBERSHIP BECOME MEMBERS UPON PAYMENT OF THE ANNUAL MEMBERSHIP DUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER IS ENTITLED TO ONE VOTE. IN THE CASE OF JOINT OWNERSHIP, THE OWNERS ARE ENTITLED TO ONE SINGLE VOTE. ONLY PERSONS WHO WERE MEMBERS 30 DAYS PRIOR TO THE VOTE WILL BE ELIGIBLE TO VOTE. THE BOARD OF DIRECTORS AND GOVERNING BODY IS ELECTED BASED ON A MAJORITY VOTE. VOTES ARE CAST BY WRITTEN PROXY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TREASURER REVIEWS ALL TAX FORMS PRIOR TO FILING WITH THE APPROPRIATE GOVERNMENT AGENCY. FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS ALL TRANSACTIONS THAT CREATE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0249354
IRS990/TotalAssetsEOYAmt0283639
IRS990/TotalAssetsGrp/BOYAmt0249354
IRS990/TotalAssetsGrp/EOYAmt0283639
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt055
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035286
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt097162
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132448
IRS990/TotalGrossUBIAmt03790
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0249354
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0283639
IRS990/TotalProgramServiceExpensesAmt097162
IRS990/TotalProgramServiceRevenueAmt0138303
IRS990/TotalReportableCompFromOrgAmt024000
IRS990/TotalRevenueGrp/ExclusionAmt05359
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0134513
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0143717
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03790
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0249354
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0283639
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1024
IRS990/USAddress/CityNm0MIDLOTHIAN
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023113
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.SALISBURYHOMEOWNERS.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM R CHARLET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08048977462
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SALISBURY HOMEOWNERS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0SALI
ReturnHeader/Filer/EIN0541316162
ReturnHeader/Filer/PhoneNum08048977462
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1024
ReturnHeader/Filer/USAddress/CityNm0MIDLOTHIAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023113
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D757149131BB8F5C0675F66259992BA7CB6BC519
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D757149131BB8F5C0675F66259992BA7CB6BC519
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.10.86.30
ReturnHeader/FilingSecurityInformation/IPDt02020-08-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:02:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541451026
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARRIS HARDY & JOHNSTONE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 ARBORETUM PL STE 660
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHMOND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023236
ReturnHeader/PreparerPersonGrp/PhoneNum08045600560
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HILBERT W WILKINSON III
ReturnHeader/ReturnTs02020-08-06T14:02:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$0.00$3.08$1.78$1.48$0.30
2023Summary only. Only limited summary data is available for this year.$2.69$0.00$2.69$1.51$1.91$0.41
2022Summary only. Only limited summary data is available for this year.$2.92$0.00$2.92$1.52$1.80$0.28
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.57$0.00$3.57$1.52$1.31$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.14$0.00$3.14$1.46$1.17$0.29
2019Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$1.44$1.32$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.00$2.49$1.45$1.51$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.71$0.00$2.71$1.32$1.36$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.00$2.61$1.30$1.19$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$1.33$1.17$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$1.34$1.07$0.27
2013Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$1.39$1.40$0.02
2012Summary only. Only limited summary data is available for this year.$2.08$0.00$2.08$1.42$1.55$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.00$2.21$1.76