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CLIFFS VALLEY COMMUNITY ASSOCIATION INC

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Public IRS 990 nonprofit record

CLIFFS VALLEY COMMUNITY ASSOCIATION INC

EIN 57-1058952 · Homeowners & Tenants Associations (L50)

What they do

CLIFFS VALLEY COMMUNITY ASSOCIATION, INC. (THE ASSOCIATION) is A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION ORGANIZED BY THE CLIFFS AT GLASSY, INC.. THE ASSOCIATION WAS FORMED to PROVIDE RESTRICTIONS for THE BENEFIT of ALL OWNERS of PROPERTIES, to PROVIDE FLEXIBLE and REASONABLE PROCEDURES for THE OVERALL DEVELOPMENT of THE PROPERTIES and to ESTABLISH A METHOD for THE ADMINISTRATION, MAINTENANCE, PRESERVATION, USE and ENJOYMENT of THE PROPERTIES. THE ASSOCIATION is COMPRISED of PROPERTIES IN AN APPROXIMATELY 3,000 ACRE DEVELOPMENT IN GREENVILLE COUNTY, SOUTH CAROLINA and HENDERSON COUNTY, NORTH CAROLINA. THE DEVELOPMENT CONSISTS of 859 SINGLEFAMILY RESIDENTIAL PROPERTIES of WHICH 23 RELATE to VALLEY VILLAS. VALLEY VILLAS PROPERTY OWNERS ARE ASSESSED ADDITIONAL FEES for CERTAIN SERVICES PROVIDED BY THE ASSOCIATION.THE DEVELOPMENT INCLUDES AMENITIES SUCH AS A COUNTRY CLUB WITH A GOLF COURSE, CLUBHOUSE and WELLNESS FACILITIES THAT ARE ASSOCIATED WITH THE ASSOCIATION.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $81.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

75.52%of revenue went to mission work81.1% of expenses · Program services
$47.66spent for every $100 of revenueRevenue covered expenses this year.
17.62%of revenue went to management and office costs18.9% of expenses
$3.81in assets for every $1 spent this yearSome assets cannot be spent right away.
45.5%of its money came from giftsOther money may come from services or investments.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,360,476
Mission workProgram services$1,027,43375.52% of revenue81.1% of expenses
ManagementOffice and general costs$239,75917.62% of revenue18.9% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$93,2846.86% of revenueShown in gray on the chart
Total expenses$1,267,19293.14% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 81.1% mission · 18.9% management · 0.0% fundraisingTotal expenses: 93.14% of revenue
2023Expense mix: 85.4% mission · 14.6% management · 0.0% fundraisingTotal expenses: 89.06% of revenue
2022Expense mix: 95.7% mission · 4.3% management · 0.0% fundraisingTotal expenses: 101.27% of revenue
2021Expense mix: 99.2% mission · 0.8% management · 0.0% fundraisingTotal expenses: 116.54% of revenue
2020Expense mix: 97.6% mission · 2.4% management · 0.0% fundraisingTotal expenses: 84.44% of revenue
2019Expense mix: 98.3% mission · 1.7% management · 0.0% fundraisingTotal expenses: 111.56% of revenue
2018Expense mix: 98.3% mission · 1.7% management · 0.0% fundraisingTotal expenses: 76.83% of revenue
2017Expense mix: 99.0% mission · 1.0% management · 0.0% fundraisingTotal expenses: 95.66% of revenue

Money in and money out

Revenue$2,658,800
Expenses$1,267,192
Annual surplus $1,391,608 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,027,433 · 81.1% of expenses
Management and office costs$239,759 · 18.9% of expenses
See all reported dollar amounts
Revenue$2,658,800
Expenses$1,267,192
Assets$4,831,159
Income$2,658,800
Contributions$1,208,757
Mission work (program services)$1,027,433
Management and general$239,759
Stocks and bonds$1,254,710
Accounting fees$8,500
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (7)

BARB WIELICKITREASURER

CARLA IWANOWSKIDIRECTOR

CHRIS FRASERVICE PRESIDENT

JEFF BRUBAKERDIRECTOR

LORI COBBPRESIDENT

MITCH JOLLEYDIRECTOR

RICH PAYNESECRETARY

About this charity

Recognized since
January 2004
Location
PO BOX 3508, GREENVILLE, SC 29608-3508
County
Greenville
In care of
LORI COBB
Primary officer
LORI COBB, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
DAUBY OCONNOR & ZALESKI LLC
NTEE classification
Homeowners & Tenants Associations (L50)
IRS tax category
Homeowners & Tenants Associations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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