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Stardust Hills Owners Association FY2021 filing

Not tax-deductible

Cloverdale, IN501(c)(7)EIN 35-1663209Revenue $101K in FY2021

On file with the IRSPo Box 376, 46120-0376 · Cloverdale, INTax-exempt since Feb 1987

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Primary Purpose is to Service and Maintain Facilities for the Association Owners

7¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $9K a year · 9% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
7%
of spending
Concern: 7% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$101K
+9% vs prior year
Spent
$110K
To programs
7%
Net assets
$288K
By yearFY2020–FY2024
Revenue
$101K
FY2021▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$93K
FY2021$101K
FY2022$101K
FY2023$108K
FY2024$126K
Expenses
$110K
FY2021▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$97K
FY2021$110K
FY2022$161K
FY2023$110K
FY2024$96K
Net assets
$288K
FY2021▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2020$406K
FY2021$288K
FY2022$219K
FY2023$178K
FY2024$208K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

7 cents of each dollar spent went to programs.

Program services 7% · $8K Management & general 93% · $103K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Scott Wahl
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Stella Soots
Treasurer
$0Pt VII · Sec A
David Fish
President
$0Pt VII · Sec A
John Bailey
Vice President
$0Pt VII · Sec A
See Stardust Hills Owners Association executive salaries →

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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 and services facilities for association owners.

Questions for Stardust Hills Owners Association

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Provided by the organization

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1 program · $8K · in their own filed words · FY2021
01

To Service and Maintain the Facilities for the Association Members

$8Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$101K
Ln 12
Gifts and grantsLn 1h$99K
Other incomeLn 4–11$2K
Investment incomeLn 3$523
Money outPt IX
$110K
Ln 25
Programscol B$8K
Managementcol C$103K
Owns and owesPt X
$288K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$290K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$99K
Fundraising eventsLn 1c$100
Investment incomeLn 3$523
Other incomeLn 4–11$2K
Total revenueLn 12$101K
Assets in detailPt X, end of year
CashLn 1$15
SavingsLn 2$99K
Cash and savings togetherLn 1–2$99K
Land, buildings, equipmentLn 10c$172K
Total assetsLn 16$290K
LiabilitiesLn 26$2K
Net assetsLn 32$288K
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$103K$99K
Land, buildings, equipmentLn 10c$285K$172K
Total assetsLn 16$407K$290K
LiabilitiesLn 26$1K$2K
Net assetsLn 32$406K$288K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$23K$23K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$641$641
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$750$750
Other fees for servicesLn 11g$2K$585$2K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$3K$3K
OccupancyLn 16$22K$22K
TravelLn 17$168$168
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$863$863
Other expenses (24a–d)Ln 24$47K$7K$40K
Total functional expensesLn 25$110K$8K$103K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $126K$96K$30K$208K 990 PDF
FY2023 $108K$110K−$3K$178K 990 PDF
FY2022 $101K$161K−$60K$219K 990 PDF
FY2021 Viewing $101K$110K−$9K$288K 990 PDF
FY2020 $93K$97K−$5K$406K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $100,970 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $87,248$98,788
I-9 Program service revenue$0
I-10 Investment incomePrior year $536$523
I-11 Other revenuePrior year $4,830$1,659
I-12 Total revenuePrior year $92,614$100,970
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $16,282$24,684
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $82,872$85,518
I-18 Total expensesPrior year $99,154$110,202
I-19 Revenue less expensesPrior year −$6,540−$9,232
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $100,970 across 7 lines filed
VIII-1b Membership dues$89,212
VIII-1c Fundraising events$100
VIII-1f All other contributions, gifts and grants$9,476
VIII-1h Total contributions, gifts and grants$98,788
VIII-3 Investment incomeRelated to mission $523$523
VIII-6 Net rental income or lossRelated to mission $1,659$1,659
VIII-12 Total revenueRelated to mission $2,182 · Unrelated business $0 · Excluded from tax $0$100,970
Part IX · Statement of functional expenses $110,202 across 13 lines filed
IX-7 Other salaries and wagesManagement $22,721$22,721
IX-10 Payroll taxesManagement $1,963$1,963
IX-11a Management feesManagement $641$641
IX-11b Legal feesManagement $1,338$1,338
IX-11c Accounting feesManagement $750$750
IX-11g Other fees for servicesPrograms $585 · Management $1,547$2,132
IX-12 Advertising and promotionManagement $2,727$2,727
IX-13 Office expensesManagement $2,993$2,993
IX-16 OccupancyManagement $21,535$21,535
IX-17 TravelManagement $168$168
IX-22 Depreciation, depletion and amortizationManagement $4,981$4,981
IX-23 InsuranceManagement $863$863
IX-24 Other expenses (24a–d)Programs $7,087 · Management $40,303$47,390
IX-25 Total functional expensesPrograms $7,672 · Management $102,530 · Fundraising $0$110,202
Part X · Balance sheet $290,317 assets, 12 lines filed
Asset lines not itemized here account for $5,922; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $15$15
X-2 Savings and temporary cash investmentsStart of year $102,917$99,250
X-4 Accounts receivableStart of year −$527−$144
X-10c Land, buildings and equipment, netStart of year $285,230$171,774
X-14 Intangible assetsStart of year $13,500$13,500
X-16 Total assetsStart of year $407,057$290,317
X-17 Accounts payable and accrued expensesStart of year −$267$18
X-25 Other liabilitiesStart of year $1,470$1,914
X-26 Total liabilitiesStart of year $1,203$1,932
X-27 Net assets without donor restrictionsStart of year $405,854$288,385
X-32 Total net assets or fund balancesStart of year $405,854$288,385
X-33 Total liabilities and net assetsStart of year $407,057$290,317
Part XI · Reconciliation of net assets $288,385 net assets at year end
XI-1 Total revenue$100,970
XI-2 Total expenses$110,202
XI-3 Revenue less expenses−$9,232
XI-4 Net assets at start of year$405,854
XI-8 Prior period adjustments−$108,475
XI-9 Other changes in net assets$238
XI-10 Net assets at end of year$288,385

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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