Southern Oasis Property Owners Association Inc
- Assets
- $40.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mission, TX
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 01-0774073
Organization Overview
Southern Oasis Property Owners Association Inc is located in Mission, TX. The organization was established in 2003. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Oasis Property Owners Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Southern Oasis Property Owners Association Inc generated $65.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $43.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO MAINTAIN AND OPERATE THE PROPERTY AS HOUSING COMMUNITY FOR PERSONS OF 55 YEARS OF AGE AND OVER; TO ENHANCE THE QUALITY OF LIFE OF THE ASSOCIATION'S MEMBERS; AND TO PROTECT AND ENHANCE THE VALUE, ATRACTIVENESS AND DESIRABILITY OF THE REAL PREOPRTY CONTAINED THEREIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noemi Guerra Vice-Preside | 4 | $0 | |
Robert Sutton President | 4 | $0 | |
Karen Beavers Treasurer | 8 | $0 | |
Michael Sigg Vice-Preside | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,307 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,307 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $19,726 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,615 |
| Total expenses | $43,341 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,439 |
| Other assets | $0 |
| Total assets | $40,539 |
| Total liabilities | $0 |
| Net assets or fund balances | $40,539 |
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