Castle Hills Master Association Inc
- Assets
- $3.5m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 106
- Location
- Lewisville, TX
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 75-2765913
Organization Overview
Castle Hills Master Association Inc is located in Lewisville, TX. The organization was established in 2000. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Castle Hills Master Association Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castle Hills Master Association Inc 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 12/2022, Castle Hills Master Association Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $6.9m during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE UPKEEP AND MAINTENANCE OF THE COMMON AREAS IN THE CASTLE HILLS COMMUNITY. ASSOCIATION PROVIDES MAIL DELIVERY, SECURITY & BASIC CABLE TELEVISION SERVICE FOR THE ENTIRE CASTLE HILLS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LANDSCAPING & LANDSCAPE MAINTENANCE OF THE COMMON AREAS,PARKS, BOULEVARDS & ENTRANCES OF THE CASTLE HILLS COMMUNITY;MAINTENANCE AND UPKEEP OF TENNIS COURTS, SOCCER FIELDS & APOOL IN THE CASTLE HILLS COMMUNITY; OPERATION AND UPKEEP OFTHE COMMUNITY CENTER BUILDING; MAIL DELIVERY, SECURITY ANDBASIC CABLE TELEVISION SERVICES FOR CASTLE HILLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey R Bright Director | OfficerTrustee | 4 | $0 |
Eric Stanley Director | Trustee | 1 | $0 |
Kristen Fritz Director | OfficerTrustee | 1 | $0 |
Parker Bright Director | OfficerTrustee | 1 | $0 |
Lucas Patterson Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,855,129 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,855,129 |
| Total Program Service Revenue | $0 |
| Investment income | $4,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,428 |
| 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 | $8,119,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,384,190 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,308 |
| Payroll taxes | $353,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,084 |
| Fees for services: Accounting | $7,375 |
| 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 | $56,348 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $23,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $938,679 |
| Insurance | $109,504 |
| All other expenses | $314,480 |
| Total functional expenses | $6,906,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,960 |
| Savings and temporary cash investments | $147,814 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,761 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,135 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,501 |
| Net Land, buildings, and equipment | $3,046,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,504,933 |
| Accounts payable and accrued expenses | $165,390 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $597,212 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,879,099 |
| Total liabilities | $2,641,701 |
| 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 | $16,413,318 |
| Retained earnings, endowment, accumulated income, or other funds | -$15,550,086 |
| Total liabilities and net assets/fund balances | $3,504,933 |