Parkside Common Association: FY2023 Nonprofit Profile & Form 990 (EIN 47-2728054)

Revenue by fiscal year
FY2020	$533K
FY2021	$568K
FY2022	$574K
FY2023	$562K
FY2024	$571K

Expenses by fiscal year
FY2020	$361K
FY2021	$464K
FY2022	$284K
FY2023	$418K
FY2024	$755K

Net assets by fiscal year
FY2020	$568K
FY2021	$672K
FY2022	$962K
FY2023	$1.1M
FY2024	$923K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2020.

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

Where the money goes

82 cents of each dollar spent went to programs.

82%

18%

Program services 82% · $342K Management & general 18% · $76K

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

Annie Jacob

President

$0Pt VII · Sec A

Jaykishan Tiwan

Vice President

$0Pt VII · Sec A

Sai Kumar

Vice President

$0Pt VII · Sec A

Garrett Scott

Secretary

$0Pt VII · Sec A

Ashish Verma

Treasurer

$0Pt VII · Sec A

See Parkside Common 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 common areas for the association.

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Provided by the organization

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3 programs · $314K · in their own filed words · FY2023

01

Maintain of Common Areas consisting of landscaping, watering, repairs and maintenance.

$223Kprogram expense

02

Holiday Lighting and Social Events for community

$57Kprogram expense

03

Security for community and residents

$34Kprogram expense

By the numbers

The FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$562K

Ln 12

Gifts and grantsLn 1h$538K

Other incomeLn 4–11$18K

Investment incomeLn 3$7K

Money outPt IX

$418K

Ln 25

Programscol B$342K

Managementcol C$76K

Owns and owesPt X

$1.1M

net assets · Ln 32

Cash and savingsLn 1–2$1.3M

Total assetsLn 16$1.4M

LiabilitiesLn 26$244K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$538K

Investment incomeLn 3$7K

Other incomeLn 4–11$18K

Total revenueLn 12$562K

Assets in detailPt X, end of year

CashLn 1$907K

SavingsLn 2$344K

Cash and savings togetherLn 1–2$1.3M

Other assetsLn 15$17K

Total assetsLn 16$1.4M

LiabilitiesLn 26$244K

Net assetsLn 32$1.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$1.2M	$1.3M
Total assetsLn 16	$1.3M	$1.4M
LiabilitiesLn 26	$325K	$244K
Net assetsLn 32	$962K	$1.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$23K	$0	$23K	$0
Legal feesLn 11b	$12K	$0	$12K	$0
Accounting feesLn 11c	$550	$0	$550	$0
Office expensesLn 13	$33K	$0	$33K	$0
InsuranceLn 23	$15K	$15K	$0	$0
Other expenses (24a–d)Ln 24	$223K	$223K	$0	$0
All other expensesLn 24e	$112K	$104K	$8K	$0
Total functional expensesLn 25	$418K	$342K	$76K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$571K	$755K	−$184K	$923K	990 PDF
FY2023 Viewing	$562K	$418K	$144K	$1.1M	990 PDF
FY2022	$574K	$284K	$290K	$962K	990 PDF
FY2021	$568K	$464K	$104K	$672K	990 PDF
FY2020	$533K	$361K	$171K	$568K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $562,372 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $529,827$537,511

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $318$6,716

I-11 Other revenuePrior year $43,928$18,145

I-12 Total revenuePrior year $574,073$562,372

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $284,007$417,879

I-18 Total expensesPrior year $284,007$417,879

I-19 Revenue less expensesPrior year $290,066$144,493

Part VI · Governance 5 of 5 board members independent, 3 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $562,372 across 6 lines filed

VIII-1b Membership dues$537,511

VIII-1h Total contributions, gifts and grants$537,511

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$0

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $6,716$6,716

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18,145 · Unrelated business $0 · Excluded from tax $0$18,145

VIII-12 Total revenueRelated to mission $18,145 · Unrelated business $0 · Excluded from tax $6,716$562,372

Part IX · Statement of functional expenses $417,879 across 7 lines filed

IX-11a Management feesPrograms $0 · Management $22,800 · Fundraising $0$22,800

IX-11b Legal feesPrograms $0 · Management $12,329 · Fundraising $0$12,329

IX-11c Accounting feesPrograms $0 · Management $550 · Fundraising $0$550

IX-13 Office expensesPrograms $0 · Management $32,859 · Fundraising $0$32,859

IX-23 InsurancePrograms $14,805 · Management $0 · Fundraising $0$14,805

IX-24 Other expenses (24a–d)Programs $222,932 · Management $0 · Fundraising $0$222,932

IX-24e All other expensesPrograms $104,075 · Management $7,529 · Fundraising $0$111,604

IX-25 Total functional expensesPrograms $341,812 · Management $76,067 · Fundraising $0$417,879

Part X · Balance sheet $1,351,268 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $1,043,174$907,296

X-2 Savings and temporary cash investmentsStart of year $193,668$343,713

X-4 Accounts receivableStart of year $23,328$30,643

X-9 Prepaid expenses and deferred chargesStart of year $10,737$52,581

X-15 Other assetsStart of year $17,035$17,035

X-16 Total assetsStart of year $1,287,942$1,351,268

X-17 Accounts payable and accrued expensesStart of year $82,210$49,648

X-19 Deferred revenueStart of year $243,233$194,628

X-26 Total liabilitiesStart of year $325,443$244,276

X-32 Total net assets or fund balancesStart of year $962,499$1,106,992

X-33 Total liabilities and net assetsStart of year $1,287,942$1,351,268

Part XI · Reconciliation of net assets $1,106,992 net assets at year end

XI-1 Total revenue$562,372

XI-2 Total expenses$417,879

XI-3 Revenue less expenses$144,493

XI-4 Net assets at start of year$962,499

XI-10 Net assets at end of year$1,106,992

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Parkside Common Association FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Parkside Common Association

By the numbers

Filing history

Schedules filed Part IV