Harbor Oaks Property Owners Association Inc is located in Rockport, TX. The organization was established in 2004. 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. Harbor Oaks Property Owners Association Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Harbor Oaks Property Owners Association Inc generated $66.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $50.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 3 years. 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
MAINTENANCE OF COMMON AREAS OF THE PROPERTY OWNERS ASSOC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Don Bull Walker Treasurer | 1 | $0 | |
Suzanne Snyder Director | 1 | $0 | |
Steve Williams Director | 1 | $0 | |
Charles Giesey Director | 1 | $0 | |
Warren Hassinger President | 2 | $0 | |
Joe Derrick Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $66,605 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $66,605 |
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 | $50,520 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $50,520 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $50,294 |
Other assets | $0 |
Total assets | $50,294 |
Total liabilities | $0 |
Net assets or fund balances | $50,294 |
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