Rossmoor Homeowners Association

Nonprofit profile at a glance

EIN
953275444
IRS 990-EZ coverage
2017–2024
Forms available
Form 990-EZ 2024
Location
Rossmoor, CA, USA
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeowners & Tenants Associations

Reported finances

Revenue
$64,381
Expenses
$34,462
Assets
$143,236

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Art Remnet (President)
  • Marian Last (Vice President)
  • Frank Facey (Vice President)

People named in this filing

  • Art Remnet (President)
  • Marian Last (Vice President)
  • Indu Balakrishnan (Secretary)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of Rossmoor Homeowners Association is to promote community awareness and residential unity.

What it reported doing in 2024

Achievements included supporting neighborhood watch programs, painting curbs and other community events.2024 Accomplishments: Hosted the annual Graduation Parade, supported & sponsored 7 community festival events, co-sponsored a water safety event, supported the community in social media with information and sent out more than 100 email newsletters to our 2,400 subscriber community during the year, sponsored back to school luncheons for local elementary schools, partnership to provide support in annual youth scholarship, coordinated and sponsored local paper shredding event, support for local bike initiative for moonlight rides in the community, support local neighborhood watch committees and community meetings, provide community information regarding upcoming and important events

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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 program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 82
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 41.3%; rating input score 41
  • Program expense ratio: 77.1%; rating input score 77

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 46.5%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 4.16; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 5.6% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 16.6% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 41.3% of revenue deployed · 77.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $27K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 8 filing years from 2017 to 2024
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.