Quaker Heights Homeowners Assn
- Assets
- $143.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 75-1408039
The information for Quaker Heights Homeowners Assn is as of the organization's most recent filing in December 2020. This organization is located in Lubbock, TX. It has been in existence for 39 years, following its founding in 1981.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Quaker Heights Homeowners Assn's NTEE code is L50. The "L" tells us that the organization is classified along with Housing & Shelter. The "50" tells us that the organization is a Homeowners & Tenants Associations. The NTEE describes Homeowners & Tenants Associations as organizations that serve the interests of the community and provide services which meet the needs of people who own or rent housing complexes who are their members. Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.
Program Areas
The maintenance of the clubhouse, swimming pool, tennis courts, and grounds of the Quaker Heights Subdivision in Lubbock, Texas is reported in this program area.
Organization Growth
The Quaker Heights Homeowners Assn saw an increase in revenue from their program services over the given time period, with a jump from $14.8K in 2019 to $19.7K in 2020. However, their overall revenue decreased from $103.3K in 2019 to $90.7K in 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Zimmerman Treasurer | 3 | $5,400 | |
Precious Zint Secretary | 2 | $1,400 | |
Marissa Zimmerman Board Member | 1 | $0 | |
Nicole Savage President | 1 | $0 | |
Jill Scarbourough Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $16,272 |
| Membership dues | $84,981 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $101,281 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,946 |
| Professional fees and other payments to independent contractors | $2,073 |
| Occupancy, rent, utilities, and maintenance | $37,159 |
| Printing, publications, postage, and shipping | $1,035 |
| Other expenses | $23,143 |
| Total expenses | $95,356 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,199 |
| Other assets | $0 |
| Total assets | $143,208 |
| Total liabilities | $29,520 |
| Net assets or fund balances | $113,688 |
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 |