VILLAGE COMMONS COMMUNITY CENTER I

EIN: 431952770 Community Improvement

GAMBRILLS, MD

Total Revenue
$211,473
Total Expenses
$211,278
Total Assets
$91,116
Net Assets
$88,899
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Principal Officer
TORREY JACOBSEN JR
Phone
4104518801
Tax Period
2024-01-01 to 2024-12-31

VILLAGE COMMONS COMMUNITY CENTER I, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $211K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

THE VILLAGE COMMONS COMMUNITY CENTER OFFERS A LARGE 8,000 SQUARE FOOT SPACE THAT CAN ACCOMMODATE PARTIES OF UP TO 250 PEOPLE. CONVENIENTLY LOCATED IN GAMBRILLS, MARYLAND AT THE MULTIPURPOSE VILLAGE AT WAUGH CHAPEL, VCCC OVERLOOKS ATTRACTIVE LAKES AND ILLUMINATED FOUNTAINS, A PEACEFUL AND BEAUTIFUL SETTING FOR ANY EVENT. THE ORGANIZATION OFFERS 120 FREE OR LOW- COST RENTALS DURING THE YEAR.

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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 $0
Program Service Revenue $210,462
Investment Income $1,011
Other Revenue $0
TOTAL REVENUE $211,473

Expense Breakdown

Grants Paid $4,130
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $211,278
Other Expenses $207,148
TOTAL EXPENSES $211,278

Year-over-Year Comparison

2024 2023 Change
Revenue $211,473 $228,148 -0.1%
Expenses $211,278 $222,875 -0.1%
Net Income $195 $5,273 -1.0%
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
20

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
TORREY JACOBSEN JR PRESIDENT 1.00
Officer
$0 $0 $0
NANCY ROSE TREASURER 1.00
Officer
$0 $0 $0
JEAN SHARLAND SECRETARY 1.00
Officer
$0 $0 $0
ARTHUR YATES VICE PRESIDE 1.00
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
2024 $211,473 $211,278 $91,116 $195
2023 $228,148 $222,875 $163,345 $5,273
2022 $173,853 $145,028 $99,853 $28,825
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