Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1976.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
9 people listed on the 990; $18K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Paul Musegades | $17,564 | $20,999 | $22,794 | $22,559 | $24,418 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See The Preserve Association executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Maintains shared community spaces for 5,950 residents.
Questions for The Preserve Association
Your first name shows with your question. The Preserve Association answers here, for everyone.
Operation and maintenance of common grounds.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7420212) · Dispute this lineBy the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $191K | $129K |
| InvestmentsLn 11–13 | $966K | $1.2M |
| Land, buildings, equipmentLn 10c | $17K | $38K |
| Total assetsLn 16 | $1.3M | $1.5M |
| LiabilitiesLn 26 | $26K | $10K |
| Net assetsLn 32 | $1.3M | $1.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $18K | $18K | ||
| Other salaries and wagesLn 7 | $251K | $96K | $155K | |
| Pension plan contributionsLn 8 | $9K | $9K | ||
| Payroll taxesLn 10 | $21K | $9K | $12K | |
| Legal feesLn 11b | $98 | $98 | ||
| Accounting feesLn 11c | $15K | $15K | ||
| Office expensesLn 13 | $37K | $37K | ||
| OccupancyLn 16 | $29K | $22K | $8K | |
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $17K | $16K | $1K | |
| Other expenses (24a–d)Ln 24 | $371K | $356K | $15K | |
| Total functional expensesLn 25 | $770K | $519K | $252K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Oct 30, 2025 | $841K | $770K | $71K | $1.5M | 990 PDF |
| FY2023Filed with the IRS Oct 25, 2024 | $949K | $677K | $273K | $1.3M | 990 PDF |
| FY2022Filed with the IRS Aug 9, 2023 | $704K | $659K | $45K | $986K | 990 PDF |
| FY2021Filed with the IRS Nov 3, 2022 | $680K | $694K | −$14K | $975K | 990 PDF |
| FY2020Filed with the IRS Oct 21, 2021 | $644K | $603K | $41K | $985K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $841,185 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 4 to look at
Part VIII · Statement of revenue $841,185 across 5 lines filed
Part IX · Statement of functional expenses $770,462 across 11 lines filed
Part X · Balance sheet $1,464,068 assets, 11 lines filed
Part XI · Reconciliation of net assets $1,453,836 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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