Discovery Homeowners Association
EIN: 237178968 · Walkersville, MD
| Metric | Value |
|---|---|
| Total Revenue | $505K |
| Total Expenses | $570K |
| Net Assets | $361K |
Is Discovery Homeowners Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Discovery Homeowners Association
Discovery Homeowners Association (EIN: 237178968) is a nonprofit organization based in Walkersville, MD. The organization reported total revenue of $505K and total assets of $434K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Discovery Homeowners Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Discovery Homeowners Association is a small nonprofit that has been operating for 54 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $460K |
| Total Expenses | $570K |
| Surplus / Deficit | $-110,284 |
| Total Assets | $579K |
| Total Liabilities | $218K |
| Net Assets | $361K |
| Operating Margin | -24.0% |
| Debt-to-Asset Ratio | 37.7% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2022, Discovery Homeowners Association reported a deficit of $110K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 37.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Discovery Homeowners Association's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -13.1% | -2.2% | -8.5% |
| 2021 | +8.0% | +86.3% | -4.1% |
| 2020 | +13.7% | -4.3% | +26.0% |
| 2019 | -3.5% | +10.6% | +48.4% |
| 2018 | +0.7% | +2.5% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Discovery Homeowners Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Discovery Homeowners Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $110K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.7%.
Frequently Asked Questions about Discovery Homeowners Association
Is Discovery Homeowners Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Discovery Homeowners Association (EIN: 237178968) insufficient data. 0 red flags identified, 0 strengths noted.
How does Discovery Homeowners Association spend its money?
Detailed spending breakdown data is not yet available for Discovery Homeowners Association. Check back for updated IRS 990 analysis.
Are donations to Discovery Homeowners Association tax-deductible?
Discovery Homeowners Association is registered as a tax-exempt nonprofit (EIN: 237178968). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Discovery Homeowners Association located?
Discovery Homeowners Association is headquartered in Walkersville, Maryland and files with the IRS under EIN 237178968.
How many years of IRS 990 filings does Discovery Homeowners Association have?
Discovery Homeowners Association has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $505K in total revenue.
Filing History
IRS 990 filing history for Discovery Homeowners Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Discovery Homeowners Association's revenue has grown by 21.9%, moving from $377K to $460K. Total assets increased by 132.3% over the same period, from $249K to $579K. Total functional expenses rose by 61.6%, from $353K to $570K. In its most recent filing year (2022), Discovery Homeowners Association reported a deficit of $110K, with expenses exceeding revenue. The organization holds $218K in liabilities against $579K in assets (debt-to-asset ratio: 37.7%), resulting in net assets of $361K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $460K | $570K | $579K | $218K | — | View 990 |
| 2021 | $529K | $583K | $632K | $161K | — | View 990 |
| 2020 | $490K | $313K | $659K | $14K | — | View 990 |
| 2019 | $431K | $327K | $523K | $55K | — | — |
| 2018 | $446K | $296K | $353K | $941 | — | View 990 |
| 2017 | $443K | $289K | $322K | $46K | — | View 990 |
| 2016 | $408K | $304K | $313K | $34K | — | View 990 |
| 2015 | $396K | $288K | $358K | $61K | — | View 990 |
| 2014 | $391K | $339K | $304K | $42K | — | View 990 |
| 2013 | $397K | $436K | $231K | $81K | — | View 990 |
| 2012 | $382K | $363K | $218K | $29K | — | View 990 |
| 2011 | $377K | $353K | $249K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $460K, expenses of $570K, and assets of $579K (revenue -13.1% year-over-year).
- 2021: Revenue of $529K, expenses of $583K, and assets of $632K (revenue +8.0% year-over-year).
- 2020: Revenue of $490K, expenses of $313K, and assets of $659K (revenue +13.7% year-over-year).
- 2019: Revenue of $431K, expenses of $327K, and assets of $523K (revenue -3.5% year-over-year).
- 2018: Revenue of $446K, expenses of $296K, and assets of $353K (revenue +0.7% year-over-year).
- 2017: Revenue of $443K, expenses of $289K, and assets of $322K (revenue +8.6% year-over-year).
- 2016: Revenue of $408K, expenses of $304K, and assets of $313K (revenue +3.0% year-over-year).
- 2015: Revenue of $396K, expenses of $288K, and assets of $358K (revenue +1.4% year-over-year).
- 2014: Revenue of $391K, expenses of $339K, and assets of $304K (revenue -1.6% year-over-year).
- 2013: Revenue of $397K, expenses of $436K, and assets of $231K (revenue +4.1% year-over-year).
- 2012: Revenue of $382K, expenses of $363K, and assets of $218K (revenue +1.2% year-over-year).
- 2011: Revenue of $377K, expenses of $353K, and assets of $249K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Discovery Homeowners Association:
Data Sources and Methodology
This transparency report for Discovery Homeowners Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.