Tamarron Homeowners Assn
- Assets
- $2.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- Data as of
- 12/2022
- EIN
- 47-1063346
Organization Overview
Tamarron Homeowners Assn is located in Katy, TX. Tamarron Homeowners Assn 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, Tamarron Homeowners Assn generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 19.3% per year over the past 7 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
THE ASSOCIATION WAS ESTABLISHED TO PERFORM SERVICES; MAINTAIN VARIOUS COMMON AREAS AND PERFORM COMMUNITY IMPROVEMENTS; AND ENFORCE COVENANTS OF THE DECLARATION OF A MASTER PLANNED COMMUNITY FOR A SPECIFIC GEOGRAPHIC AREA, IN ORDER TO ENSURE THE SAFETY AND WELFARE OF THE RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION MAINTAINS ALL COMMON AREAS, INCLUDING BUT NOT LIMITED TO: PARKS, ENTRANCES, AND ESPLANADES. IT SUPPLIES STREET LIGHTS, LAKE AND IRRIGATION WATER, INSURANCE, AND SANITATION SERVICES TO PROVIDE FOR THE SAFETY AND WELFARE OF THE RESIDENTS, VISITORS, AND ENTIRE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Suarez Secretary Treasurer | OfficerTrustee | 2 | $0 |
Morgan Bowman Vice President | OfficerTrustee | 2 | $0 |
Carey Estes President | OfficerTrustee | 2 | $0 |
Financial Statements
| 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 | $3,805,686 |
| Investment income | $7,700 |
| 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 | $3,924,792 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $382,383 |
| Fees for services: Legal | $47,736 |
| Fees for services: Accounting | $460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245 |
| Advertising and promotion | $0 |
| Office expenses | $67,897 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $549,504 |
| Total functional expenses | $5,014,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,510 |
| Savings and temporary cash investments | $2,142,068 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224,558 |
| Total assets | $2,716,136 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,437,167 |
| 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 | $246,908 |
| Total liabilities | $1,684,075 |
| 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 | $1,032,061 |
| Total liabilities and net assets/fund balances | $2,716,136 |