Is Fairway Canyon Community Association Legit?

Fairway Canyon Community Association demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade, indicating a stable operational model. For example, in 2023, revenue was $4,343,831 against expenses of $4,226,230. However, the organization experienced a deficit in 2022, with expenses of $4,239,568 exceeding revenue of $3,524,262. The NTEE code L50 suggests a focus on homeowner associations, which typically have a high proportion of program spending related to community maintenance and services. The organization's assets have fluctuated, reaching a high of $8,917,677 in 2020 and currently standing at $6,695,913 in 2023. Liabilities have also been significant, sometimes exceeding assets, as seen in 2020 where liabilities were $9,177,589 against assets of $8,917,677. This suggests a reliance on debt or deferred revenue, which warrants closer examination. The consistent reporting of 0% officer compensation across all filings indicates either a volunteer board or that compensation is not reported in this specific field, which is a key transparency point. Overall, the association appears to be managing its finances to support its community functions. The lack of reported officer compensation is a positive indicator for transparency regarding executive pay, though further detail on how administrative costs are allocated would provide a more complete picture of spending efficiency. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and public disclosure.