Ironwood Crossing Homeowners Association
Nonprofit profile at a glance
- EIN
- 261468385
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Scottsdale, AZ, USA
- Phone
- 4809217500
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Neighborhood, Block Associations
Reported finances
- Revenue
- $5,705,709
- Expenses
- $5,566,676
- Assets
- $5,752,499
- Liabilities
- $449,111
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- LEE ARBACH (PRESIDENT)
- MATTHEW THOMAS (VICE PRESIDENT)
People named in this filing
- JEN BEUTIN (DIRECTOR)
- KAREN PROHASKA (DIRECTOR)
- LEE ARBACH (PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A membership organization that is self-governed by elected officers and a board to own and maintain common areas and to enforce covenants to preserve the appearance of the development. The association is primarily engaged in promoting the common good and general welfare of the residents of ironwood crossing homeowners association and surrounding areas.
What it reported doing in 2024
Promoting the common good and general welfare of the public and members of the community through the maintenance and upkeep of the common areas, including recreation areas, as well as the management of the association in providing services to the community.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 50
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.6%; rating input score 90
- Program expense ratio: 95.4%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.4%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 1.03; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 89.6% of revenue deployed · 95.4% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $5.3M in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Highest-paid contractors: 2 contractors listed · $2.5M reported
- Consistency: 21 of 21 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 43/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.