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Shadowridge Owners Associations FY2022 filing

Not tax-deductible

Foothill Ranch, CA501(c)(4)Since 1981 EIN 95-3655340Revenue $1.4M in FY2022Latest return filed Jun 24, 2026

On file with the IRS27051 Towne Centre Drive, 92610-2819 · Foothill Ranch, CATax-exempt since Jul 1992

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Enhancement of Community Values

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $14K a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$520K
211% of total assets
Concern: liabilities are 211% of assets; over 80%.
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
$1.4M
+11% vs prior year
Spent
$1.5M
To programs
99%
Net assets
−$274K
By yearFY2020–FY2025
Revenue
$1.4M
FY2022▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.4M
FY2023$1.6M
FY2024$1.8M
FY2025$1.8M
Expenses
$1.5M
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.5M
FY2023$1.5M
FY2024$1.7M
FY2025$1.8M
Net assets
−$274K
FY2022▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020−$52K
FY2021−$222K
FY2022−$274K
FY2023−$180K
FY2024−$68K
FY2025−$87K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1992.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.4M Management & general 1% · $18K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Teene Miller
President
$0Pt VII · Sec A
Ed Matheus
Vice-President
$0Pt VII · Sec A
Jeff Dubin
Treasurer
$0Pt VII · Sec A
Norm Halus
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Shadowridge Owners Associations 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

Promotes community values through engagement and shared experiences.

Questions for Shadowridge Owners Associations

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Your first name shows with your question. Shadowridge Owners Associations answers here, for everyone.

1 program · $1.4M · in their own filed words · FY2022
01

The Assn. is a master planned community of about 3000 residential units It achieved the goals of maintaining & preserving the community's common areas and standards for health, welfare, benefit & safety of its residents via vlunteer committees and forums.

$1.4Mprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$1K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$18K
Owns and owesPt X
−$274K
net assets · Ln 32
Cash and savingsLn 1–2$239K
Total assetsLn 16$247K
LiabilitiesLn 26$520K
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$1.4M
Investment incomeLn 3$1K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$40K
SavingsLn 2$198K
Cash and savings togetherLn 1–2$239K
Total assetsLn 16$247K
LiabilitiesLn 26$520K
Net assetsLn 32−$274K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$305K$239K
Total assetsLn 16$341K$247K
LiabilitiesLn 26$563K$520K
Net assetsLn 32−$222K−$274K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$124K$118K$6K$0
InsuranceLn 23$26K$25K$1K$0
All other expensesLn 24e$1.3M$1.3M$10K$0
Total functional expensesLn 25$1.5M$1.4M$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 24, 2026 $1.8M$1.8M−$18K−$87K 990 PDF
FY2024Filed with the IRS Nov 20, 2025 $1.8M$1.7M$112K−$68K 990 PDF
FY2023Filed with the IRS Apr 19, 2024 $1.6M$1.5M$93K−$180K 990 PDF
FY2022 ViewingFiled with the IRS Jun 23, 2023 $1.4M$1.5M−$52K−$274K 990 PDF
FY2021Filed with the IRS May 13, 2022 $1.3M$1.4M−$170K−$222K 990 PDF
FY2020Filed with the IRS Apr 21, 2021 $1.3M$1.3M−$47K−$52K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,400,178 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,264,502$1,398,963
I-10 Investment incomePrior year −$40$1,215
I-11 Other revenue$0
I-12 Total revenuePrior year $1,264,462$1,400,178
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 $1,434,551$1,451,756
I-18 Total expensesPrior year $1,434,551$1,451,756
I-19 Revenue less expensesPrior year −$170,089−$51,578
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,400,178 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $20,700 · Excluded from tax $0$1,398,963
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,215$1,215
VIII-12 Total revenueRelated to mission $1,378,263 · Unrelated business $20,700 · Excluded from tax $1,215$1,400,178
Part IX · Statement of functional expenses $1,451,756 across 3 lines filed
IX-11a Management feesPrograms $118,195 · Management $6,221 · Fundraising $0$124,416
IX-23 InsurancePrograms $24,973 · Management $1,314 · Fundraising $0$26,287
IX-24e All other expensesPrograms $1,290,997 · Management $10,056 · Fundraising $0$1,301,053
IX-25 Total functional expensesPrograms $1,434,165 · Management $17,591 · Fundraising $0$1,451,756
Part X · Balance sheet $246,551 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $30,239$40,249
X-2 Savings and temporary cash investmentsStart of year $275,118$198,324
X-4 Accounts receivableStart of year $27,358$1,116
X-9 Prepaid expenses and deferred chargesStart of year $8,351$6,862
X-16 Total assetsStart of year $341,066$246,551
X-17 Accounts payable and accrued expensesStart of year $198,074$155,741
X-19 Deferred revenueStart of year $365,112$364,508
X-26 Total liabilitiesStart of year $563,186$520,249
X-27 Net assets without donor restrictionsStart of year −$222,120−$273,698
X-32 Total net assets or fund balancesStart of year −$222,120−$273,698
X-33 Total liabilities and net assetsStart of year $341,066$246,551
Part XI · Reconciliation of net assets −$273,698 net assets at year end
XI-1 Total revenue$1,400,178
XI-2 Total expenses$1,451,756
XI-3 Revenue less expenses−$51,578
XI-4 Net assets at start of year−$222,120
XI-10 Net assets at end of year−$273,698

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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