Mariners Cove Condominium Assoc

Nonprofit profile at a glance

EIN
870787617
IRS 990-EZ coverage
2015–2025
Forms available
Form 990-EZ 2025
Location
Vermilion, OH, USA
Phone
4405675862
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$77,122
Expenses
$66,271
Assets
$211,511
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • RAYMOND GRELLA (PRESIDENT)

People named in this filing

  • RAYMOND GRELLA (PRESIDENT)
  • DIANE GRELLA (SECRETARY)
  • RAYMOND CROMWELL (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Maintaining common ground

What it reported doing in 2025

Maintaining common ground: lawn mowing, pond maintenance, maintenance of building exteriors, snow plowing

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
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

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 82
  • Sustainability: 67
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.5%; rating input score 59
  • Program expense ratio: 69.1%; rating input score 69

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 14.1%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 3.19; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -2.6% per year; rating input score 0; 41st percentile among comparable filings
  • Revenue growth: 3.9% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 11.3% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 59.5% of revenue deployed · 69.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $46K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 59/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.