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Hickory Cluster Association

Not tax-deductible

Rockville, MD501(c)(4)EIN 54-6060437

Homeowner association that maintains and repairs common area and enforces covenants in the governing documents

82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
4 of 5
filings with a surplus
Average surplus $74K a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$284K
+3% vs prior year
Spent
$215K
To programs
82%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$284K
FY2024▲ +3%
Revenue by fiscal year
FY2020$253K
FY2021$254K
FY2022$260K
FY2023$276K
FY2024$284K
Expenses
$215K
FY2024▲ +20%
Expenses by fiscal year
FY2020$145K
FY2021$261K
FY2022$157K
FY2023$179K
FY2024$215K
Net assets
$1.6M
FY2024▲ +5%
Net assets by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.4M
FY2023$1.5M
FY2024$1.6M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1970.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $177K Management & general 18% · $38K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Michael Poss
President
$0Pt VII · Sec A
Kathryn Fay
Vice President
$0Pt VII · Sec A
Carol Laird
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Pete Sohn
Director
$0Pt VII · Sec A
See Hickory Cluster 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, repairs property, and enforces neighborhood rules for homeowners.

Provided by the organization

This section is blank until Hickory Cluster Association claims this page.

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1 program service account for $177K of program spending, described in the organization's own filed words · FY2024.
01

The association was organized to collectively maintain and preserve the common property and amenities of the association

$177Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$284K
Ln 12
Fees for servicesLn 2g$274K
Investment incomeLn 3$10K
Money outPt IX
$215K
Ln 25
Programscol B$177K
Managementcol C$38K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$349K
Total assetsLn 16$1.6M
LiabilitiesLn 26$25K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$274K
Investment incomeLn 3$10K
Total revenueLn 12$284K
Assets in detailPt X, end of year
CashLn 1$349K
Cash and savings togetherLn 1–2$349K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$1.6M
LiabilitiesLn 26$25K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$335K$349K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$88K$25K
Net assetsLn 32$1.5M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$19K$19K
Legal feesLn 11b$17K$17K
Accounting feesLn 11c$2K$2K
InterestLn 20$362$362
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$159K$159K
All other expensesLn 24e$16K$16K
Total functional expensesLn 25$215K$177K$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $284K$215K$70K$1.6M 990 PDF
FY2023 $276K$179K$98K$1.5M 990 PDF
FY2022 $260K$157K$103K$1.4M 990 PDF
FY2021 $254K$261K−$8K$1.3M 990 PDF
FY2020 $253K$145K$108K$1.3M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $284,490 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $274,385$274,385
VIII-3 Investment incomeExcluded from tax $10,105$10,105
VIII-12 Total revenueRelated to mission $274,385 · Unrelated business $0 · Excluded from tax $10,105$284,490
Part IX · Statement of functional expenses $214,691 across 7 lines filed
IX-11a Management feesManagement $18,995$18,995
IX-11b Legal feesManagement $16,538$16,538
IX-11c Accounting feesManagement $2,229$2,229
IX-20 InterestPrograms $362$362
IX-23 InsurancePrograms $1,763$1,763
IX-24 Other expenses (24a–d)Programs $159,203$159,203
IX-24e All other expensesPrograms $15,601$15,601
IX-25 Total functional expensesPrograms $176,929 · Management $37,762 · Fundraising $0$214,691
Part X · Balance sheet $1,617,105 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $335,470$349,327
X-4 Accounts receivableStart of year $4,714$249
X-9 Prepaid expenses and deferred chargesStart of year $3,045$726
X-10c Land, buildings and equipment, netStart of year $1,266,803$1,266,803
X-16 Total assetsStart of year $1,610,032$1,617,105
X-17 Accounts payable and accrued expensesStart of year $28,482$6,643
X-25 Other liabilitiesStart of year $41,513$18,314
X-26 Total liabilitiesStart of year $88,186$24,957
X-32 Total net assets or fund balancesStart of year $1,521,846$1,592,148
X-33 Total liabilities and net assetsStart of year $1,610,032$1,617,105
Part XI · Reconciliation of net assets $1,592,148 net assets at year end
XI-1 Total revenue$284,490
XI-2 Total expenses$214,691
XI-3 Revenue less expenses$69,799
XI-4 Net assets at start of year$1,521,846
XI-8 Prior period adjustments$503
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,592,148

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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