Lakes Of Fairfield Neighborhood Association Inc
- Assets
- $179.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 76-0572917
Organization Overview
Lakes Of Fairfield Neighborhood Association Inc is located in Houston, TX. The organization was established in 2003. 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. Lakes Of Fairfield Neighborhood 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, Lakes Of Fairfield Neighborhood Association Inc generated $131.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $106.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Wong President | 2 | $0 | |
Diana Gee Treasurer | 2 | $0 | |
Dana Adams Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $128,576 |
| Investment income | $257 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,225 |
| Total Revenue | $131,058 |
| 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 | $77,199 |
| Occupancy, rent, utilities, and maintenance | $29,416 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $54 |
| Total expenses | $106,669 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $163,685 |
| Other assets | $0 |
| Total assets | $179,833 |
| Total liabilities | $45,976 |
| Net assets or fund balances | $133,857 |
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