Canyon Falls Master Community Inc

Organization Overview

Canyon Falls Master Community Inc is located in Dallas, TX. The organization was established in 2018. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canyon Falls Master Community Inc 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 12/2021, Canyon Falls Master Community Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 18.4% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MAINTAIN AND ADMINISTER THE COMMON FACILITIES AND TO COLLECT AND DISBURSE THE ASSESSMENTS AND CHARGES OF THE ASSOCIATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ASSOCIATION MAINTAINED THE COMMON AREAS SUCH AS PARKS, PLAYGROUNDS, AND SWIMMING POOL AND PROVIDED SECURITY AND MONITORING FOR THE BENEFIT OF THE ENTIRE COMMUNITY. THE ASSOCIATION PROVIDED COMMUNITY LEADERSHIP, ARCHITECTUAL CONTROL, COVENANT ENFORCEMENT, COMMUNITY EVENTS, ACCOUNTING AND FINANCE, OPERATION AND MAINTENANCE OF RECREATION FACILITIES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$4,723,145
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$4,723,145
Total Program Service Revenue$0
Investment income $713
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,175
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 $4,744,849

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