Walden On Lake Conroe Community Improvement Asso is located in Montgomery, TX. The organization was established in 2012. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Walden On Lake Conroe Community Improvement Asso employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walden On Lake Conroe Community Improvement Asso is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Walden On Lake Conroe Community Improvement Asso generated $7.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $7.4m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FOR THE MAINTENANCE AND PRESERVATION OF THE COMMON AREAS; PROMOTE THE HEALTH,SAFETY,AND WELFARE OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND PRESERVATION OF THE COMMON AREAS.
PROMOTION OF SOCIAL WELFARE AND RECREATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Sustman President | OfficerTrustee | 3 | $0 |
Barry Smith Vice President | OfficerTrustee | 3 | $0 |
Ron Carroll Treasurer | OfficerTrustee | 3 | $0 |
Karla Siedule Secretary | Trustee | 3 | $0 |
John Mcreynolds Trustee | Trustee | 3 | $0 |
Reynaldo Batista Trustee | Trustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Montgomery County Texas Subdivision Security | 12/30/19 | $151,541 |
Cruz Ochoa Construction | 12/30/19 | $614,615 |
Daughtry & Farine Pc Legal | 12/30/19 | $353,323 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $5,613,037 |
Investment income | $14,640 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,624,895 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $253,720 |
Compensation of current officers, directors, key employees. | $146,100 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,422,594 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $37,614 |
Payroll taxes | $219,954 |
Fees for services: Management | $244,890 |
Fees for services: Legal | $72,047 |
Fees for services: Accounting | $22,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $38,788 |
Advertising and promotion | $35,059 |
Office expenses | $17,160 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $176,550 |
Insurance | $771,456 |
All other expenses | $1,055,007 |
Total functional expenses | $7,353,619 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,550,759 |
Savings and temporary cash investments | $1,542,100 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $571,840 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $263,818 |
Prepaid expenses and deferred charges | $90,713 |
Net Land, buildings, and equipment | $1,178,590 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $223,112 |
Total assets | $7,420,932 |
Accounts payable and accrued expenses | $211,357 |
Grants payable | $0 |
Deferred revenue | $2,897,151 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,982,840 |
Total liabilities | $5,091,348 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $2,329,584 |
Total liabilities and net assets/fund balances | $7,420,932 |