Northfield Sect I&ii Property Owner Assn
- Assets
- $338.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 74-1867899
Organization Overview
Northfield Sect I&ii Property Owner Assn is located in Katy, TX. The organization was established in 2016. 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. Northfield Sect I&ii Property Owner 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, Northfield Sect I&ii Property Owner Assn generated $176.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $267.5k during the year ending 12/2022. While expenses have increased by 0.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATIONS PURPOSE IS TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF THE COMMUNITY AND PROVIDE SERVICES MUCH LIKE A QUASI GOVERNMENTAL UNIT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Sanders President | 3 | $0 | |
Charle Hightower Treasuer | 3 | $0 | |
Barney W8illiams Vice President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $157,935 |
| Investment income | $48 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $18,240 |
| Total Revenue | $176,223 |
| 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 | $249,281 |
| Occupancy, rent, utilities, and maintenance | $12,425 |
| Printing, publications, postage, and shipping | $2,416 |
| Other expenses | $3,413 |
| Total expenses | $267,535 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,727 |
| Other assets | $0 |
| Total assets | $338,710 |
| Total liabilities | $52,197 |
| Net assets or fund balances | $286,513 |