2024-04-02T10:17:41-07:00 2023-12-31 521185156 Lydon Fetterolf Corydon PA 9401 Key West Avenue Rockville MD 20850 990 2023-01-01 520857236 Montgomery Village Foundation Inc MONT 3019480110 10120 APPLE RIDGE ROAD montgomery village MD 20886 michael conroy Executive VP 2024-04-02 true michael conroy 999009999 true Jeff Corydon IV CPA CFP P00297218 3019484400 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z michael conroy 10120 APPLE RIDGE ROAD montgomery village MD 208861030 11880513 false X www.montgomeryvillage.com X 1966 MD MONTGOMERY VILLAGE FOUNDATION, INC. (THE FOUNDATION), A NON-PROFIT MEMBERSHIP CORPORATION, WAS FORMED FOR THE PRESERVATION, PROTECTION, AND ENHANCEMENT OF THE VALUES AND AMENITIES IN MONTGOMERY VILLAGE, A PLANNED COMMUNITY. THE FOUNDATION HAS BEEN DELEGATED AND ASSIGNED THE POWERS OF OWNING, MAINTAINING, AND ADMINISTERING THE COMMON PROPERTIES AND FACILITIES, ADMINISTERING AND ENFORCING THE COVENANTS AND RESTRICTIONS, AND COLLECTING AND DISBURSING THE ASSESSMENTS AND CHARGES CREATED BY COVENANTS. MEMBERSHIP IN THE FOUNDATION IS AUTOMATIC WITH THE PURCHASE OF A DWELLINGUNIT IN MONTGOMERY VILLAGE. 9 9 257 56 33046 7289473 8639484 1368527 1513987 98510 207378 924497 895739 9681007 11256588 0 0 5007030 5149509 0 0 3117879 3364786 8124909 8514295 1556098 2742293 23968372 27229375 1763507 1553655 22204865 25675720 X MONTGOMERY VILLAGE FOUNDATION, INC. (THE FOUNDATION), A NON-PROFIT MEMBERSHIP CORPORATION, WAS FORMED FOR THE PRESERVATION, PROTECTION, AND ENHANCEMENT OF THE VALUES AND AMENITIES IN MONTGOMERY VILLAGE, A PLANNED COMMUNITY. THE FOUNDATION HAS BEEN DELEGATED AND ASSIGNED THE POWERS OF OWNING, MAINTAINING, AND ADMINISTERING THE COMMON PROPERTIES AND FACILITIES, ADMINISTERING AND ENFORCING THE COVENANTS AND RESTRICTIONS, AND COLLECTING AND DISBURSING THE ASSESSMENTS AND CHARGES CREATED BY COVENANTS. MEMBERSHIP IN THE FOUNDATION IS AUTOMATIC WITH THE PURCHASE OF A DWELLINGUNIT IN MONTGOMERY VILLAGE. false false 3771816 218900 DESIGNATED USER FACILITIES FUND - PROVIDES FOR THE OPERATION AND MAINTENANCE OF THE COMMUNITY CENTERS, POOLS, AND TENNIS COURTS OWNED BY THE FOUNDATION. ASSESSMENTS ARE LEVIED ONLY ON MEMBERS WHO ARE DESIGNATED TO USE THE FACILITIES. 1717391 33046 MONTGOMERY VILLAGE FOUNDATION FUND - PROVIDES FOR THE GENERAL GOVERNANCE, OPERATION, AND MAINTENANCE OF COMMON PROPERTIES (PARKS AND LAKES), ARCHITECTURAL STANDARDS, AND COMMUNICATIONS. ASSESSMENTS ARE LEVIED ON ALL MEMBERS OF THE FOUNDATION TO SUPPORT THIS FUNCTION. 905720 916080 COMMUNITY MANAGEMENT FUND - PROVIDES MANAGEMENT SERVICES, AT COST, TO THE HOMES CORPORATIONS AND CONDOMINIUM ASSOCIATIONS WITHIN MONTGOMERY VILLAGE THAT CONTRACT FOR THE SERVICE. REVENUE IS GENERATED FROM THE USERS OF THIS FUNCTION. 881692 345961 7276619 false false false true false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false true false false false false false false false true 43 0 true 257 true true true false false false false false false false X 9 9 false false false false true false true true true false false true true true true true true true true false X X Mike Conroy 3019480110 10120 apple ridge rd montgomery village MD 208861030 michael conroy Executive VP 40.00 0.00 X 161447 0 33139 Christopher Hitchens Corp. Secretary 40.00 0.00 X 160645 0 8859 karen kodjanian dir comm mgmt 40.00 0.00 148527 0 8132 Daniel Salazar CFO 40.00 0.00 X 148123 0 7454 duncan mullis dir rec & parks 40.00 0.00 125135 0 12028 Petra Padilla Program Manager 40.00 0.00 107243 0 5901 April Steward Community Manager 40.00 0.00 107473 0 5518 Jason Nicklow Facilities Manager 40.00 0.00 102993 0 5144 Jack Guiragossian Board Member 1.00 0.00 X 0 0 0 scott dyer President 1.00 0.00 X X 0 0 0 stephen taylor Treasurer 1.00 0.00 X X 0 0 0 daniel anderson board member 1.00 0.00 X 0 0 0 doniele ayres Vice President 1.00 0.00 X X 0 0 0 Dick Rabil board member 1.00 0.00 X 0 0 0 pamela bort board member 1.00 0.00 X 0 0 0 brandon coffee-borden board member 1.00 0.00 X 0 0 0 juan-manuel carillo board member 1.00 0.00 X 0 0 0 susan prince board member 1.00 0.00 X 0 0 0 1061586 86175 8 false true false High Sierra Pools Inc 2704 Columbia Pike Arlington VA 22204 pool resurfacing 200195 brightview landscapes po box 740655 atlanta GA 30374 landscaping 543837 MLED Tech LLC 6700 Alexander Bell Dr Suite 200 Columbia MD 21046 LED Lighting Upgrades 168975 Keller Construction Management 1012 Rising Ridge RD Mount Airy MD 21771 Construction 699451 Dresner Group LLC 5950 Symphony Woods Rd Ste302 Columbia MD 21044 IT Provider 136482 5 7224036 284821 1130627 1130327 8639484 classes/other program 900099 345961 345961 management fee income 561000 916080 916080 pool memberships/rentals 900099 218900 218900 Village News 900099 33046 33046 1513987 211118 211118 0 0 20071 20071 20071 20071 620185 623925 -3740 -3740 -3740 0 0 0 assessment collection fees 900099 207247 207247 capital contribution fee 900099 366613 366613 other income 900099 194517 194517 107291 107291 875668 11256588 2376680 33046 207378 0 0 0 0 519668 379441 140227 0 3514643 2566251 948392 139888 102141 37747 607691 443711 163980 367619 268421 99198 0 39246 39246 45604 45604 0 0 52159 52159 80719 64437 16282 0 364774 146612 218162 0 0 341796 292377 49419 0 0 0 0 0 859072 771305 87767 190785 172137 18648 landscape/maintenance 731032 694502 36530 Business Expenses 229163 172518 56645 Program/maintenance supplies 185305 180907 4398 Miscellaneous 62355 51249 11106 182776 970610 -787834 8514295 7276619 1237676 0 2370894 2117551 1999327 3208382 0 855888 466463 0 0 0 0 28471 42534 23453254 9027785 12804285 14425469 5909507 6968976 0 0 0 0 23968372 27229375 908505 665973 764085 801961 90917 85721 1763507 1553655 X 22200007 25673734 4858 1986 22204865 25675720 23968372 27229375 2742293 728562 X false true X true false false false false false 7224036 1473468 974450 499018 1020973 824870 196103 20958813 7228465 13730348 14425469 Capital Lease-current and Long term 85721 85721 X 11932991 728562 728562 11204429 52159 52159 11256588 8462136 8462136 52159 52159 8514295 Part X : FIN48 Footnote THE FOUNDATION IS A NON-STOCK, NON-PROFIT ORGANIZATION WHICH HOLDS TAX-EXEMPT STATUS UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE.PURSUANT TO THE REGULATIONS ISSUED FOR 501(C)(4) TAX EXEMPT ORGANIZATIONS, THE FOUNDATION MUST PRIMARILY ENGAGE IN PROMOTING, IN SOME WAY, THE COMMONGOOD AND GENERAL WELFARE OF THE PEOPLE IN THE COMMUNITY.THE FOUNDATION IS SUBJECT TO TAXATION ON UNRELATED BUSINESS INCOMEACTIVITIES. THERE WERE NO TAX LIABILITIES ON THESE INCOME ACTIVITIES IN2023 OR 2022.THE FOUNDATION HAS ADOPTED FASB ASC 740-10 AND ACCOUNTING STANDARDS UPDATE (ASU) 2009-06. AS PART OF THOSE ADOPTIONS, THE FOUNDATION CONSIDERED THE POSSIBILITY OF UNCERTAIN TAX POSITIONS AND THEIR IMPACT ON THE FINANCIAL POSITION OF THE FOUNDATION. THE MOST SIGNIFICANT TAX POSITIONS OF THE FOUNDATION ARE ITS TAX-EXEMPT STATUS AND THE DETERMINATION OF UNRELATED BUSINESS TAXABLE INCOME. AS OF DECEMBER 31, 2023 AND 2022, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS.THE FOUNDATION ACCRUES INTEREST AND PENALTIES (IF APPLICABLE) IN INCOMETAXES PAYABLE ON THE STATEMENT OF FINANCIAL POSITION AND RECORDS ANY EXPENSE IN THE PROVISION FOR INCOME TAXES IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. THE FOUNDATION HAD NO PENALTIES OR INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. PURSUANT TO INTERNAL REVENUE SERVICE RULES FOR THE STATUTE OF LIMITATIONS, THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2020. X X X X false false false false false false false false false Christopher Hitchens Corp. Secretary 160645 8859 169504 Daniel Salazar CFO 147623 500 2796 4658 155577 karen kodjanian dir comm mgmt 148427 100 8132 156659 michael conroy Executive VP 161447 10030 23109 194586 Land & Play Eq. 1130327 FMV false false false Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: COMMUNITY MANAGEMENT FUND - PROVIDES MANAGEMENT SERVICES, AT COST, TO THE HOMES CORPORATIONS AND CONDOMINIUM ASSOCIATIONS WITHIN MONTGOMERY VILLAGE THAT CONTRACT FOR THE SERVICE. REVENUE IS GENERATED FROM THE USERS OF THIS FUNCTION. Form 990, Part VI, Section A, Line 6 membership in the foundation is automatic with the purchase of a dwelling unit in Montgomery village. Form 990, Part VI, Section A, Line 7b the members must approve any changes to the bylaws. also, through the representatives, they vote to increase the assessment ceiling. Form 990, Part VI, Section B, Line 11b The form 990 was provided to management for review prior to filing, and a copy was subsequently provided to the mvf board. Form 990, Part VI, Section B, Line 12c conflict of interest is addressed in the mvf board of directors and officers standard of conduct. Form 990, Part VI, Section B, Line 15a compensation for the top management official, the executive vice president, is determined by the board of directors. that position is also included in any compensation surveys performed. Form 990, Part VI, Section B, Line 15b compensation for officers or key employees is approved annually by the board of directors during the budget process. Form 990, Part VI, Section C, Line 19 certain documents are available on the organization's website; others are available upon request.