Oakmont Country Club Estates Property Owners Association
- Assets
- $630.0k
- Revenue
- $890.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/2009
- Data as of
- 12/2019
- EIN
- 75-2591342
Organization Overview
Oakmont Country Club Estates Property Owners Association is located in Dallas, TX. The organization was established in 2009. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakmont Country Club Estates Property Owners Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2019, Oakmont Country Club Estates Property Owners Association generated $890.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $927.4k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
HOMEOWNERS ASSOCIATION LOCATED IN CORINTH, TEXAS. MAINTAINS COMMON AREAS IN THE DEVELOPMENT AND ADMINISTERS AND ENFORCES COVENANTS THAT PRESERVE THE ARCHITECTURE AND APPEARANCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASS THROUGH OF FEE TO SEPERATE COUNTRY CLUB FOR USE OF RECREATIONAL FACILITIES.
COMMON AREA MAINTENANCE.
LANDSCAPE MAINTENACE OF COMMON AREAS.
OTHER MAINTENANCE AND ADMINISTRATIVE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mari Elen Borowski Vice President | OfficerTrustee | 2 | $0 |
Joseph Zellmer Treasurer | OfficerTrustee | 2 | $0 |
Alan Nelson President | OfficerTrustee | 5 | $0 |
Kathy Ramsay Secretary | OfficerTrustee | 2 | $0 |
Bellann Hyten Director | Trustee | 2 | $0 |
Larry Meyers Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Site Landscaping Landscaping | 12/30/18 | $276,430 |
Garden Tech Inc Tree Services | 12/30/18 | $100,359 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $890,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $68,800 |
| Fees for services: Legal | $22,372 |
| Fees for services: Accounting | $4,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,316 |
| Information technology | $513 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $994 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,955 |
| All other expenses | $0 |
| Total functional expenses | $927,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,691 |
| Savings and temporary cash investments | $351,971 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $408 |
| Total assets | $629,972 |
| Accounts payable and accrued expenses | $70,405 |
| Grants payable | $0 |
| Deferred revenue | $151,347 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $221,752 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $408,220 |
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|---|---|---|
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Lakes Of Parkway Homeowners Assoc Inc Dallas, TX | $3,777,483 | $2,435,933 |
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Remington Ranch Community Association Inc Houston, TX | $2,192,588 | $1,678,707 |
Clear Lake City Community Association Inc Houston, TX | $3,912,139 | $1,649,644 |
Atascoclta Community Improvement Association Humble, TX | $1,886,382 | $1,636,518 |