Town Center Owners Association
- Assets
- $6.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Spring, TX
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 76-0533645
Organization Overview
Town Center Owners Association is located in Spring, TX. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town Center 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 12/2021, Town Center Owners Association generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $197.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED AS THE ENTITY RESPONSIBLE FOR THE ACQUISITION, CONSTRUCTION, OPERATION AND MAINTENANCE OF CAPTIAL IMPROVEMENTS.THE ASSOCIATION CONSISTS OF OWNERS OF MIXED RESIDENTIAL AND COMMERCIAL PROPERTY IN A DEVELOPMENT KNOWN AS THE TOWN CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OVERSEES THE ACQUISITION OF CAPITAL IMPROVEMENTS AND THE MAINTENANCE OF SAME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Rabel Vice President | OfficerTrustee | 2 | $0 |
Laura Manning Secretary | OfficerTrustee | 2 | $0 |
Kelly Dietrich President | OfficerTrustee | 2 | $0 |
Amy Brown Treasurer | OfficerTrustee | 2 | $0 |
Fred Domenick Director | Trustee | 2 | $0 |
Travis Guinn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,210,835 |
| Investment income | $62,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,561 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,401,761 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,123 |
| Fees for services: Legal | $425 |
| Fees for services: Accounting | $6,225 |
| 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 | $3,606 |
| 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 | $10,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,006 |
| All other expenses | $0 |
| Total functional expenses | $197,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,714,715 |
| Savings and temporary cash investments | $4,660,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,163 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,380,616 |
| Accounts payable and accrued expenses | $33,298 |
| Grants payable | $0 |
| Deferred revenue | $10,836 |
| 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 | $44,134 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $6,336,482 |
| Total liabilities and net assets/fund balances | $6,380,616 |
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