SUMMIT COMMUNITY ASSOCIATION C/O FIRSTSERVICE RESIDENTIAL

EIN: 330400250 Housing & Shelter

IRVINE, CA

Total Revenue
$2,281,371
Total Expenses
$2,156,604
Total Assets
$7,835,028
Net Assets
$7,727,475
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CA
Principal Officer
MAJID MALEKI
Phone
9494486000
Tax Period
2025-01-01 to 2025-12-31

SUMMIT COMMUNITY ASSOCIATION C/O FIRSTSERVICE RESIDENTIAL, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2025. Expenses of $2.2M left a modest 5% surplus.

Mission

SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY, AND BY OWNING, OPERATING, AND MAINTAINING THE PROPERTIES FOR USE OF ALL RESIDENTS IN THE ENTIRE COMMUNITY ON CERTAIN REAL PROPERTY LOCATED IN ANAHEIM HILLS, CALIFORNIA. AMONG THE GENERAL PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL RESIDENTS WITHIN THE COMMUNITY. THE POPULATION OF THE ASSOCIATION IS APPROXIMATELY 3,700. NO GRANTS ARE PROVIDED TO OTHERS. THE ASSOCIATION OWNS AND MAINTAINS COMMON AREAS SURROUNDING A COMMUNITY PARK AND HORSE TRAILS. ALL FACILITIES ARE AVAILABLE TO RESIDENTS AND THEIR GUESTS ON AN UNRESTRICTED BASIS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,048,882
Program Service Revenue $0
Investment Income $199,636
Other Revenue $32,853
TOTAL REVENUE $2,281,371

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,847,005
Other Expenses $2,156,604
TOTAL EXPENSES $2,156,604

Year-over-Year Comparison

2025 2024 Change
Revenue $2,281,371 $2,252,403 +0.0%
Expenses $2,156,604 $1,785,024 +0.2%
Net Income $124,767 $467,379 -0.7%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAJID MALEKI PRESIDENT 2.00
Officer
$0 $0 $0
STEVE FEITLIN V.P. 2.00
Officer
$0 $0 $0
LESLIE LUZAR TREASURER 2.00
Officer
$0 $0 $0
TERRY HESTER DIRECTOR AT LARGE 2.00
Officer
$0 $0 $0
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
2025 $2,281,371 $2,156,604 $7,835,028 $124,767
2024 $2,252,403 $1,785,024 $7,773,212 $467,379
2023 $2,220,314 $1,807,854 $7,326,584 $412,460
2022 $2,020,656 $1,846,880 $6,860,425 $173,776
2021 $1,877,188 $1,609,581 $6,782,195 $267,607
2020 $1,918,943 $1,691,366 $6,395,290 $227,577
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