Prestonwood 1-A Home Owners Association
- Assets
- $41.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 11/1969
- Data as of
- 12/2021
- EIN
- 75-1281004
Organization Overview
Prestonwood 1-A Home Owners Association is located in Richardson, TX. The organization was established in 1969. 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. Prestonwood 1-A Home Owners Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Prestonwood 1-A Home Owners Association generated $92.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $96.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
MAINTENANCE OF COMMON RECREATIONAL FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Moore President | 10 | $0 | |
Jean Eason Treasurer | 10 | $0 | |
Todd Lusk Director | 10 | $0 | |
Jan Casner Secretary | 10 | $0 | |
Patricia Moore Director | 10 | $0 | |
Patrick Killen Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $90,222 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,400 |
| Total Revenue | $92,625 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $96,468 |
| Total expenses | $96,468 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,025 |
| Other assets | $0 |
| Total assets | $41,025 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,025 |
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|---|---|---|
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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 |
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Eagle Springs Community Association Inc Houston, TX | $6,671,963 | $3,606,534 |