Preakness Valley Condo Association
Nonprofit profile at a glance
- EIN
- 223473400
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990-EZ 2025
- Location
- Wayne, NJ, USA
- Phone
- 9736920222
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $150,781
- Expenses
- $152,737
- Assets
- $45,155
- Liabilities
- $5,265
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- NICHOLAS TRICARICO (MANAGING MEMBER)
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
Manage, maintain and repair common area real property.
What it reported doing in 2025
The association has successfully maintained the common area shared by owners of condominiums.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.1%; rating input score 95
- Program expense ratio: 93.8%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1.3%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.3; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 47.5% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 3.4% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 95.1% of revenue deployed · 93.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $143K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2022 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.
- High — Sustainability: Operating margin scored 27/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.