Lake Frankston Homeowners Association is located in Frankston, TX. The organization was established in 1970. 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. Lake Frankston Homeowners Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Lake Frankston Homeowners Association generated $46.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $39.5k during the year ending 05/2022. 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
MAINTAIN A DAM SURROUNDING MEMBERS HOMES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gary Gordon Vice President | 0 | $0 | |
Larry Boone President | 0 | $0 | |
Tim Bulin Board Member | 0 | $0 | |
Karen Seelye Treasurer | 0 | $0 | |
Kathryn Eustace Secretary | 0 | $0 | |
Dee Queen Board Member | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $46,900 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $6 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $46,906 |
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 | $2,356 |
Occupancy, rent, utilities, and maintenance | $12,287 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $24,865 |
Total expenses | $39,508 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $137,054 |
Other assets | $0 |
Total assets | $331,740 |
Total liabilities | $60,000 |
Net assets or fund balances | $271,740 |
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