MASTIC BEACH PROPERTY OWNERS ASSOCIATIONINC

EIN: 111806996 Housing & Shelter

MASTIC BEACH, NY

Total Revenue
$308,890
Total Expenses
$267,744
Total Assets
$503,393
Net Assets
$500,978
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
NY
Principal Officer
KEVIN COLLINS
Phone
6313996111
Tax Period
2024-01-01 to 2024-12-31

MASTIC BEACH PROPERTY OWNERS ASSOCIATIONINC, founded in 1928, is a small nonprofit in the Housing & Shelter sector that reported $309K in total revenue in fiscal year 2024. Expenses of $268K left a modest 13% surplus.

Mission

The promulgation of acquaintance, goodwill, protection of its interest and the interest of its members to encourage and promote action by the property owners and to promote activities for the social entertainment and recreation of its members.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,070
Program Service Revenue $272,938
Investment Income $3
Other Revenue $7,879
TOTAL REVENUE $308,890

Expense Breakdown

Grants Paid $3,564
Salaries & Benefits $86,971
Fundraising Expenses $0
Program Expenses $233,505
Other Expenses $177,209
TOTAL EXPENSES $267,744

Year-over-Year Comparison

2024 2023 Change
Revenue $308,890 $292,963 +0.1%
Expenses $267,744 $283,422 -0.1%
Net Income $41,146 $9,541 +3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
6
Volunteers
85

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$9,950
Total Directors
14
$11,410
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN COLLINS PRESIDENT 20.00
Officer Director
$7,350 $0 $7,350
MICHELLE WILKINSON VICE PRESIDENT 10.00
Officer Director
$2,600 $0 $2,600
LYNNE DEBONA FINANCIAL SECRETARY 5.00
Officer Director
$0 $0 $0
LINDA BARTOLOMEO RECORDING SECRETARY 5.00
Officer Director
$0 $0 $0
MICHAEL KOBASIUK BOARD MEMBER 5.00
Director
$0 $0 $0
FRED KRAGE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN PASTORE BOARD MEMBER 1.00
Director
$0 $0 $0
MAURA SPERY BOARD MEMBER 1.00
Director
$0 $0 $0
CATHERINE KOBASIUK BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE BISSONETTE BOARD MEMBER 1.00
Director
$0 $0 $0
RICK WILKINSON BOARD MEMBER 1.00
Director
$0 $0 $0
DICK WESTHOFF BOARD MEMBER 1.00
Director
$0 $0 $0
THERESA MANGANELLO BOARD MEMBER 1.00
Director
$0 $0 $0
VIRGINIA CURIO NEWSLETTER EDITOR 1.00
Director
$1,460 $0 $1,460
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $308,890 $267,744 $503,393 $41,146
2023 $292,963 $283,422 $460,965 $9,541
2022 $327,894 $246,092 $452,873 $81,802
2021 $305,029 $230,911 $473,353 $74,118
2020 $143,759 $98,719 $265,424 $45,040
2019 $143,984 $98,906 $221,213 $45,078
2018 $125,546 $112,763 $176,424 $12,783
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