Braeswood Place Homeowners Assn
- Assets
- $720.6k
- Revenue
- $659.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Houston, TX
- Founding
- 09/1956
- Data as of
- 12/2021
- EIN
- 74-6062739
Organization Overview
Braeswood Place Homeowners Assn is located in Houston, TX. The organization was established in 1956. 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. Braeswood Place 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 12/2021, Braeswood Place Homeowners Assn generated $659.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $707.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHOOD ASSOCIATION CREATED TO PROMOTE THE WELFARE OF AND PROTECT THE PROPERTY VALUES OF APPROXIMATELY 2200 HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTABLE PATROL SECURITY SERVICES, CONTRACT CONSTABLE DEPUTIES TO PATROL NEIGHBORHOOD AS A SUPPLEMENT TO CITY POLICE AND FUNDED THROUGH VOLUNTEER MEMBERSHIP DUES FROM ASSOCIATION MEMBERS
GENERAL MEMBERSHIP SERVICES - PRIMARILY LANDSCAPING OF COMMON AREAS, MOSQUITO FOGGING AND SPRINKLER SERVICES TO SUPPLEMENT CITY SERVICES, FUNDED THROUGH VOLUNTARY MEMBERSHIP DUES OF ASSOCIATION MEMBERS.
NEIGHBORHOOD NEWSLETTER - NEWSLETTER DISTRIBUTED TO ALL ASSOCIATION RESIDENTS, FUNDED THROUGH VOLUNTARY MEMBERSHIP DUES FROM ASSOCIATION MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Hawkins VP Central | Officer | 2 | $0 |
Gerry Laredo Secretary | Officer | 2 | $0 |
Ryan Mossman VP - West | Officer | 2 | $0 |
Michael Kent President | Officer | 2 | $0 |
Steve Scherer VP - East | Officer | 2 | $0 |
Michelle Feser Rogers Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $153,411 |
| 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 | $153,411 |
| Total Program Service Revenue | $506,339 |
| Investment income | $122 |
| 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 | $659,872 |
| 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 | $589,230 |
| 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 | $45,614 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $709 |
| Fees for services: Accounting | $4,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $610 |
| Advertising and promotion | $0 |
| Office expenses | $1,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,843 |
| 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 | $22,091 |
| All other expenses | $500 |
| Total functional expenses | $707,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,109 |
| Savings and temporary cash investments | $579,208 |
| 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 | $282 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $720,599 |
| Accounts payable and accrued expenses | $1,664 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,664 |
| Net assets without donor restrictions | $346,302 |
| Net assets with donor restrictions | $372,633 |
| 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 | $720,599 |
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