Simmons Shores Property Owners Association Inc
- Assets
- $47.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pottsboro, TX
- Founding
- 10/1972
- Data as of
- 12/2021
- EIN
- 75-1375409
Organization Overview
Simmons Shores Property Owners Association Inc is located in Pottsboro, TX. The organization was established in 1972. 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. Simmons Shores Property Owners Association Inc 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, Simmons Shores Property Owners Association Inc generated $18.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $53.0k 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
PROVIDES FOR THE GENERAL UPKEEP AND MAINTENANCE ON THE COMMON AREAS FOR POPERTY OWNERS IN THE SIMMONS SHORES AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Sharp President | 5 | $0 | |
Bobby Baecht Director | 2 | $0 | |
Eric Hatten Director | 5 | $0 | |
Dennis Gonclaves Director | 2 | $0 | |
Laura Caldwell Secretary | 2 | $0 | |
Curtis Mcbride Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $220 |
| Total Program Service Revenue | $0 |
| Membership dues | $14,050 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,215 |
| Total Revenue | $18,485 |
| 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 | $4,000 |
| Occupancy, rent, utilities, and maintenance | $4,047 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,928 |
| Total expenses | $52,975 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,502 |
| Other assets | $0 |
| Total assets | $47,835 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,835 |
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 |