Vrb Hangars INC EIN 65-0775328 Form 990 (PDF) Claim this org

Vrb Hangars INC

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Maintains common ground, paying rent, taxes, and insurance for members' protection. For fiscal year 2025 it reported $126K in revenue, $160K in expenses, and $7K in net assets.Pt I

Type
Mutual-benefit / member-serving · Recreation & Sports
Location
Vero Beach, FL
Filings
5 on file (2021–2025)
Revenue
$126KFY2025
Expenses
$160K
Net assets
$7K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  65-0775328 Mutual-benefit / member-serving Vero Beach, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Maintains common ground, paying rent, taxes, and insurance for members' protection.
Leadership
Randy Groom · Trustee/Dire
Money in and out
$126K revenue, $160K expenses
Bottom line
-27% surplus margin
Reported financial activity · FY2025
Total revenue
$126K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$7K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$34K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Surplus margin
-27%
revenue over expenses, this year▼ -344% vs prior filing year
Program spending
97%
of expenses reach programs▲ +0.6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$126K
FY2025▲ +1%
Expenses
$160K
FY2025▲ +45%
Total assets
$7K
FY2025▼ -82%
Total liabilities
$0
FY2025
Total revenue
$126K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$7K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$34K
Total assetsPt X · Ln 16$7K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 425

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVrb Hangars INC
EINHdr · item D65-0775328
Principal addressHdr · item CVero Beach, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFRecreation & Sports (N9)
Ruling yearIRS BMFDec 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Trustee/Dire
$0Pt VII · Sec A
Trustee/Dire
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

To provide a means in performing maint., pay ground rent, R.E. Taxes and ins. On common ground leased by the organization and perform any other activity that would be in the best interest and protection of the rights of members and their families.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$126K
Investment income$1
Total revenueLn 12$126K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$154K
Management & general3%$5K
Total functional expensesLn 25$160K

Balance Sheet

Part X · end of year
CashLn 1$7K
Total assetsLn 16$7K
Total liabilitiesLn 26$0
Total net assetsLn 32$7K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7K · Operating expenses/yr $160K
0.6 months
Where the money goes
Program services
Program services $154K · Total expenses $160K
97%
Management & General
Management & general $5K · Total expenses $160K
3%
Fundraising
Fundraising $0 · Total expenses $160K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $122K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $126K · Total revenue $126K
100%
Government reliance
Government grants — · Total revenue $126K
Earned-income share
Program service revenue $0 · Total revenue $126K
0%
Investment reliance
Investment income $1 · Total revenue $126K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $160K
0%
Growth & trend
Revenue growth (YoY)
This year $126K · Prior year $124K
+1%
Revenue CAGR
FY2020 $98K · FY2024 $126K
+7%
Net-asset trend (YoY)
End of year $7K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $126K · Expenses $160K
-27%
Liabilities-to-Assets
Total liabilities — · Total assets $7K
Net-asset ratio
Net assets $7K · Total assets $7K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Randy Groom · Reported title TRUSTEE/DIRE · Highest reported compensation $0 · Total expenses $160K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $160K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth 1%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$126K revenue · viewing · ⤓ 990 PDF
FY2024$124K revenue · ⤓ 990 PDF
FY2023$118K revenue · ⤓ 990 PDF
FY2022$108K revenue · ⤓ 990 PDF
FY2021$98K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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