Riverside Terrace Owners Association in Asheville, North Carolina (NC)

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Riverside Terrace Owners Association
Employer Identification Number (EIN)264818389
Name of OrganizationRiverside Terrace Owners Association
Address23 Terrace Ct, Asheville, NC 28804-7502
SubsectionSocial Welfare Organization
Ruling Date10/2014
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$2,561
Amount of Income$400
Form 990 Revenue Amount$400
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Owners, Renters Organizations


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Amount of income in 2013: $400
This organization: 

 $400
Other organizations performing similar types of work: 

 $134,640

Assets in 2013: $2,561
This organization: 

 $2,561
Other organizations performing similar types of work: 

 $199,724

Expenses in 2013: $3,835
This organization: 

 $3,835
Other organizations performing similar types of work: 

 $132,037

Income to expenses ratio in 2013: 0.1
Riverside Terrace Owners Association: 

 0.1
Other organizations performing similar types of work: 

 1.0

Financial snapshot for 2013 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$400
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$400
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$3,835
Total net assets$2,561
Excess/Deficit for the year$-3,435
Net assets or fund balances at beginning of year$5,996
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$2,561
Balance Sheets
2013
Total assets$2,561
Total liabilities$0
Net assets or fund balances$2,561
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Quail Run Community Improvement Association Inc7170 Cherry Park Dr, Houston, TX 77095-2713TX2004-02$526,554
2Sanford Affordable Housing Development CorporationPo Box 636, Sanford, NC 27331NC1998-09$172,861
3Ocean Hill I Property Owners Association Inc, Oh1poaPo Box 323, Corolla, NC 27927NC2002-03$152,731
4Willow Oaks Owners Association Inc4125 Walker Ave Ste G, Greensboro, NC 27407-1342NC2004-04$116,281
5Chandler Pointe Homeowners Association1420 Kinsdale Drive, Raleigh, NC 27615NC2009-03$7,200
6Cooper Landing Hoa IncPo Box 129, Poplar Branch, NC 27965NC2007-01$3,300
7Wilkins Forest East Property Owners Association Inc100 Sassafrass Hill Drive, Rutherfordton, NC 28139NC2004-05$1,125
8Riverside Terrace Owners Association23 Terrace Ct, Asheville, NC 28804-7502NC2014-10$400
9Alliance Of Brunswick County Poa IncP O Box 1686, Shallotte, NC 28459-1686NC2002-07$0
10Avon Property Owners Association IncPo Box9, Avon, NC 27915NC2000-10$0
11Brentwood Neighborhood Association3304 Arrowwood Drive, Raleigh, NC 27604NC2014-04$0
12Brookstone Home Owners Association Of Morganton111 Brookstone Drive, Morganton, NC 28655NC2007-02$0
13Chatuge Shores Overlook Property Owners Association Inc318 Chatuge Shores Overlook, Hayesville, NC 28904NC2009-05$0
14Cornerstone Property Owners Inc251 Cornerstone Cove Dr, Littleton, NC 27850NC2012-03$0
15Country Club Ridge Townhomes Homeowners Association Inc118 Fox Haven Court, Lexington, NC 27292NC2007-05$0
16Emorywood Community Association6 Harrington Pl, Durham, NC 27713-1243NC2008-07$0
17Fletcher Estates Homeowners Association Inc1790 Liz Ln Ne, Leland, NC 28451-7951NC2007-11$0
18Gillette Woods Association IncPo Box 552, Tryon, NC 28782NC2012-07$0
19Greystone Place Homeowners Associaton Llc4080 Ivy Bluff Trl, Winston Salem, NC 27106NC2010-02$0
20Hillcrest Resident Organization1402 Mears St, Wilmington, NC 28401-6091NC2010-09$0
Number of organizations performing similar types of work
Alaska5
Alabama25
Arkansas10
Arizona38
California175
Colorado27
Connecticut14
District of Columbia5
Delaware24
Florida85
Georgia42
Hawaii4
Iowa8
Idaho9
Illinois25
Indiana40
Kansas7
Kentucky27
Louisiana29
Massachusetts28
Maryland44
Maine5
Michigan39
Minnesota16
Missouri26
Mississippi11
Montana9
North Carolina47
North Dakota1
Nebraska6
New Hampshire9
New Jersey59
New Mexico12
Nevada9
New York75
Ohio35
Oklahoma16
Oregon18
Pennsylvania44
Rhode Island5
South Carolina17
South Dakota6
Tennessee19
Texas431
Utah5
Virginia47
Vermont4
Washington29
Wisconsin21
West Virginia26
Wyoming2
International5
Total1,725

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