Hills Property Owners Association
- Assets
- $2.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- The Hills, TX
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 74-2248353
Organization Overview
Hills Property Owners Association is located in The Hills, TX. The organization was established in 2019. 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. Hills Property Owners Association 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, Hills Property Owners Association generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. 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 HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. IS A MUTUAL BENEFIT NON-PROFIT CORPORATION FORMED AND OPERATED UNDER THE LAWS OF THE STATE OF TEXAS. THE HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. IS A SELF- SUPPORTING COMMUNITY LOCATED IN TEXAS. THE COMMUNITY OF THE HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. CONSISTS OF 1,086 RESIDENTIAL LOTS COMPRISING APPROXIMATELY 678 ACRES, AND SOME 2,500 RESIDENTS, AND COMMON AREAS CONSISTING OF 16 MILES OF ROADS, RELATED STREET LIGHTS, AND SECURITY GATES. THE MUNICIPALITY OF "THE VILLAGE OF THE HILLS" ENCOMPASSES VIRTUALLY THE SAME GEOGRAPHIC AREA AS THE ASSOCIATION, INCLUDING 100% OF THE 678 ACRES OF THE ASSOCIATION, PLUS AN ADDITIONAL FOUR ACRES OUTSIDE THE ASSOCIATION. LOCATED WITHIN THE ASSOCIATION BOUNDARIES IS A PRIVATE GOLF CLUB, THE HILLS COUNTRY CLUB, THAT IS OWNED AND MANAGED BY CLUBCORP. THIS GOLF CLUB IS NOT PART OF THE ASSOCIATION ITSELF. THE GOLF CLUB MEMBERSHIPS ARE AVAILABLE TO THE GENERAL PUBLIC, SO THE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION IS PRIMARILY ENGAGED IN PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF THE HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. AND SURROUNDING AREAS. THE ASSOCIATION LESSENS THE BURDENS OF GOVERNMENT BY CONDUCTING ACTIVITIES SUCH AS ROAD MAINTENANCE, PRIVATE PATROL SERVICE AND ENTRANCE GATES AND COMMON AREAS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Harrelson President | OfficerTrustee | 1 | $0 |
Hayden Alvey Vice-Preside | OfficerTrustee | 1 | $0 |
Mark Wolstromer Treasurer | OfficerTrustee | 1 | $0 |
Brian Peters Secretary | OfficerTrustee | 1 | $0 |
James Cook Director | Trustee | 1 | $0 |
Roman Patent Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $866,039 |
| 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 | $866,039 |
| Total Program Service Revenue | $0 |
| Investment income | $55,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,164 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,164,762 |
| 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 | $236,310 |
| Fees for services: Legal | $36,329 |
| Fees for services: Accounting | $5,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $17,030 |
| All other expenses | $169,050 |
| Total functional expenses | $1,261,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,208 |
| Savings and temporary cash investments | $636,030 |
| 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 | $1,682,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,467,205 |
| Accounts payable and accrued expenses | $122,400 |
| Grants payable | $0 |
| Deferred revenue | $244,250 |
| 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 | $1,850,707 |
| Total liabilities | $2,217,357 |
| Net assets without donor restrictions | $249,848 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,467,205 |