Lake Frankston Homeowners Association
- Assets
- $331.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frankston, TX
- Founding
- 10/1970
- Data as of
- 05/2022
- EIN
- 75-0864233
Organization Overview
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Gordon Vice President | 0 | $0 | |
Larry Boone President | 0 | $0 | |
Joe Vickers Board Member | 0 | $0 | |
Karen Seelye Treasurer | 0 | $0 | |
Dee Queen Board Member | 0 | $0 | |
Tim Bulin Board Member | 0 | $0 |
Financial Statements
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodforest Owners Association Inc Houston, TX | $5,341,273 | $9,874,039 |
Cinco Residential Property Assn Inc Katy, TX | $14,599,829 | $10,954,529 |
Stonebridge Ranch Community Association Inc Dallas, TX | $11,315,034 | $8,717,166 |
Towne Lake Community Association Inc Cypress, TX | $4,256,681 | $7,685,021 |
Walden On Lake Conroe Community Improvement Asso Montgomery, TX | $5,919,000 | $7,405,584 |
Aliana Homeowners Association Inc Pipe Creek, TX | $4,933,191 | $6,737,042 |
Steiner Ranch Master Association Inc Austin, TX | $3,672,449 | $4,302,724 |
Canyon Falls Master Community Inc Dallas, TX | $5,159,893 | $4,744,849 |
Castle Hills Master Association Inc Lewisville, TX | $4,067,423 | $4,896,405 |
New Property Owners Association Of Newport Inc Crosby, TX | $4,877,552 | $4,531,996 |
River Oaks Property Owners Inc Houston, TX | $5,265,716 | $4,933,446 |
Eagle Springs Community Association Inc Houston, TX | $6,671,963 | $3,606,534 |