Salisbury Homeowners Association
To provide for the upkeep and general maintenance of the neighborhood and its common areas. To update neighborhood convenants and restrictions as needed and to provide a safe, family friendly neighborhood that fosters a sense of community pride.
Key facts about Salisbury Homeowners Association
- EIN
- 54-1316162
- Latest 990 filing
- Form 990, 2025
- Total assets
- $313,297
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$313K
+1.9% YoY
Revenue
$170K
-4.6% YoY
Net Investment Income
$14K
-10.6% YoY
Expenses
$167K
+13.5% YoY
About Salisbury Homeowners Association
Based on IRS filings
Salisbury Homeowners Association is a public charity focused on Housing & Shelter, based in Midlothian, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $313K in total assets. Net investment income was $14K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $25K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
1 grants across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $313,297 | $307,599 | $269,054 |
| Revenue | $169,690 | $177,870 | $150,567 |
| Expenses | $167,477 | $147,572 | $191,171 |
| Net Investment Income | $13,958 | $15,607 | $5,904 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 6, 2020)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
Leadership & Key People
Officers and directors from IRS filings
Salisbury Homeowners Association is led by Terry Stroud, President since 2023 (on filings since 2019); 1 of 14 officers listed in 2025 is compensated.
Officers on the 2025 filing
Terry Stroud
President
Director → Vice President, 2022
Vice President → President, 2023
On filings since 2019
1 hr/week
No compensation reported
Jennifer Sommer
Director
On filings since 2022
6 hrs/week
$25K (2022) → $26K (2025)
Katherine Jones Guroian
Director
On filings since 2022
1 hr/week
$2K (2022) → $0 (2025)
Cindy Edelman
Director
Secretary → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Ken Willard
Director
On filings since 2019
1 hr/week
No compensation reported
Gene Ledlie
Director
On filings since 2021
1 hr/week
No compensation reported
Joanne Ward
Member-At-La
Director → Member-At-La, 2025
On filings since 2019
1 hr/week
$24K (2019) → $0 (2025)
Wick Lyne
Member-At-La
Vice President → Director, 2022
Director → Member-At-La, 2025
On filings since 2019
1 hr/week
No compensation reported
Ken Caratelli
Vice President
Director → Vice President, 2023
On filings since 2021
1 hr/week
No compensation reported
Philip Carter
Treasurer
Treasurer-El → Treasurer, 2024
On filings since 2023
1 hr/week
No compensation reported
Brandy Nickel
Secretary
On filings since 2024
1 hr/week
No compensation reported
Becca Hollis
Member-At-La
New on the 2025 filing
1 hr/week
No compensation reported
Chrissy Plemons
Treasurer-El
New on the 2025 filing
No compensation reported
Jen McNinch
Member-At-La
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (16)
- Former: Kc Long (2022–2024) — Director
- Former: Phil Sido (2019–2023) — Director
- Former: John Quimby (2020–2023) — Treasurer
- Former: Matthew Addison (2021–2023) — Director
- Former: Holly Pratt (2022–2023) — Director
- Former: Edward J. Malloy Jr. (2019–2021) — Director
- Former: Janet Mallon (2019–2021) — Director
- Former: Laura Stayin (2019–2021) — Director
- Former: Patrick Busch (2019–2021) — Director
- Former: William R. Charlet (2019–2021) — Director
- Former: Jesson Zafar (2021) — Director
- Former: Katie Guroian (2021) — Director
- Former: Bill Ferguson (2019–2020) — Director
- Former: Donna Cole (2019–2020) — Director
- Former: Irene Delia (2019) — Director
- Former: Karen Patterson (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $26K, to Jennifer Sommer (Director).
Frequently asked questions about Salisbury Homeowners Association
How large is Salisbury Homeowners Association?
Salisbury Homeowners Association reported $313K in total assets on its 2025 IRS Form 990. Its revenue that year was $170K.
What is Salisbury Homeowners Association?
Salisbury Homeowners Association is a public charity focused on Housing & Shelter, based in Midlothian, VA. It holds $313K in total assets as of 2025.
Where does Salisbury Homeowners Association operate?
Salisbury Homeowners Association has awarded grants in Virginia.
What is Salisbury Homeowners Association's EIN?
Salisbury Homeowners Association's EIN (Employer Identification Number) is 54-1316162. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Salisbury Homeowners Association by hand.
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