Riverstone Homeowners Association
- Assets
- $14.2m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Sugar Land, TX
- Founding
- 07/2010
- Data as of
- 12/2023
- EIN
- 76-0684372
Organization Overview
Riverstone Homeowners Association is located in Sugar Land, TX. The organization was established in 2010. 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 12/2023, Riverstone Homeowners Association employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverstone Homeowners 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 12/2023, Riverstone Homeowners Association generated $13.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $13.0m during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE AND PRESERVATION OF THE COMMON AREAS WHICH BENEFIT THE COMMNITY AND PUBLIC AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND PRESERVATION OF THE COMMON AREAS WHICH BENEFIT THE COMMNITY AND PUBLIC AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trey Reichert President | Officer | 3 | $0 |
Nicolas Deacon Vice President | Officer | 3 | $0 |
Rob Thompson Secretary | Officer | 3 | $0 |
Felecia Kay Alexander Finance Manager | 40 | $171,408 | |
Julie K Kveton Operations Manager | 40 | $101,593 | |
Jesus J Villegas General Manager | 40 | $225,280 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas Landscape Group Llc Landscape | 12/30/23 | $2,604,740 |
A-beautiful Pools Inc Pool Maintenance | 12/30/23 | $548,222 |
Ridgewood Landscaping Inc Landscape | 12/30/23 | $951,014 |
Yellowstone Landscape Landscape | 12/30/23 | $520,261 |
Jfc Construction Llc Lake Maintenance | 12/30/23 | $390,810 |
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 | $12,215,990 |
| Investment income | $176,841 |
| 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 | $13,065,885 |
| 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 | $1,799,604 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $214,609 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,570 |
| Insurance | $238,862 |
| All other expenses | $3,146,114 |
| Total functional expenses | $13,006,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,571,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $603,692 |
| 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 | $28,108 |
| Net Land, buildings, and equipment | $39,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,242,889 |
| Accounts payable and accrued expenses | $443,481 |
| Grants payable | $0 |
| Deferred revenue | $4,715,221 |
| 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 | $215,997 |
| Total liabilities | $5,374,699 |
| 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 | $8,868,190 |
| Total liabilities and net assets/fund balances | $14,242,889 |