2025-04-11T07:05:42-07:00 2024-12-31 521185156 Lydon Fetterolf Corydon PA 9401 Key West Avenue Rockville MD 20850 990 2024-01-01 520857236 Montgomery Village Foundation Inc MONT 3019480110 10120 APPLE RIDGE ROAD montgomery village MD 20886 michael conroy Executive VP 2025-04-11 true true Jeff Corydon IV CPA CFP P00297218 3019484400 2024 2025-03-06 01:10:19Z michael conroy 10120 APPLE RIDGE ROAD montgomery village MD 208861030 11766841 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 9 278 54 20694 8639484 7894455 1513987 1619047 207378 521497 895739 925380 11256588 10960379 0 0 5149509 5472061 0 0 3364786 3635968 8514295 9108029 2742293 1852350 27229375 29669503 1553655 1765719 25675720 27903784 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 4146991 258928 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. 1914448 20694 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. 965337 948657 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. 917017 390768 OTHER PROGRAMS - INCLUDES USER FEE PROGRAMS, POPLAR SPRING, RESERVES, AND INVESTMENT IN FIXED ASSETS. 917017 390768 7943793 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 false false false false false false false false true 46 0 true 278 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 181600 0 36714 Christopher Hitchens Corp. Secretary 40.00 0.00 X 168790 0 9317 Daniel Salazar CFO 40.00 0.00 X 156243 0 7853 karen kodjanian dir comm mgmt 40.00 0.00 154911 0 8491 duncan mullis dir rec & parks 40.00 0.00 135554 0 12630 Jason Nicklow Facilities Manager 40.00 0.00 114189 0 6245 April Steward Community Manager 40.00 0.00 113001 0 5977 Petra Padilla Program Manager 40.00 0.00 111830 0 6117 Jack Guiragossian Board Member 1.00 0.00 X 0 0 0 scott dyer Board Member 1.00 0.00 X X 0 0 0 daniel anderson board member 1.00 0.00 X 0 0 0 doniele ayres 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 susan prince Vice President 1.00 0.00 X X 0 0 0 Tom Wills Treasurer 1.00 0.00 X X 0 0 0 Stuart Flatow Board Member 1.00 0.00 X 0 0 0 1136118 93344 8 false true false MLED Tech LLC 6700 Alexander Bell Dr Suite 200 Columbia MD 21046 Solar Panels 598538 brightview landscapes po box 740655 atlanta GA 30374 landscaping 576600 Keller Construction Management 1012 Rising Ridge RD Mount Airy MD 21771 Construction 406162 Kompan Inc 605 W Howard Ln Suite 101 Austin TX 78753 Sport Court Renovation 236652 Dresner Group LLC 5950 Symphony Woods Rd Ste302 Columbia MD 21044 IT Provider 220215 5 7442389 451966 100 7894455 classes/other program 900099 390768 390768 management fee income 561000 948657 948657 pool memberships/rentals 900099 258928 258928 Village News 900099 20694 20694 1619047 295565 295565 0 0 20673 20673 20673 20673 1032394 806462 225932 225932 225932 0 0 0 assessment collection fees 900099 216690 216690 capital contribution fee 900099 374386 374386 other income 900099 178727 178727 134904 134904 904707 10960379 2523733 20694 521497 0 0 0 0 560518 411113 149405 0 3778317 2771212 1007105 143387 105167 38220 614350 450596 163754 375489 275403 100086 0 35574 35574 42558 42558 0 0 63126 63126 100666 69912 30754 0 428856 157665 271191 0 0 335736 282279 53457 0 0 0 0 0 938405 845958 92447 197618 180742 16876 landscape/maintenance 803149 768453 34696 Business Expenses 262616 208185 54431 Program/maintenance supplies 199669 192152 7517 Equipment Maintenance 61695 61695 166300 1163261 -996961 9108029 7943793 1164236 0 2117551 1931683 3208382 3612575 0 466463 680231 0 0 0 0 42534 33391 24965443 9590622 14425469 15374821 6968976 8036802 0 0 0 0 27229375 29669503 665973 881105 801961 804088 85721 80526 1553655 1765719 X 25673734 27903049 1986 735 25675720 27903784 27229375 29669503 1852350 375714 X false true X true false false false true false 1458168 983854 474314 995737 814116 181621 22511538 7792652 14718886 15374821 Finance Lease 80526 80526 X 11272967 375714 375714 10897253 63126 63126 10960379 9044903 9044903 63126 63126 9108029 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 IN2024 OR 2023.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, 2024 AND 2023, 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, 2024 AND 2023. 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 2021. X X X X false false false false false false false false false Christopher Hitchens Corp. Secretary 167678 1112 9317 178107 Daniel Salazar CFO 156243 2955 4898 164096 karen kodjanian dir comm mgmt 154911 8491 163402 michael conroy Executive VP 174600 7000 11260 25454 218314 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.