Del Webb The Woodlands Homeowners A
- Assets
- $2.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- Data as of
- 12/2023
- EIN
- 81-1348728
Organization Overview
Del Webb The Woodlands Homeowners A is located in The Woodlands, TX. 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. Del Webb The Woodlands Homeowners A 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, Del Webb The Woodlands Homeowners A generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 3 years. 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
AS A HOME OWNERS ASSOCIATION THE MISSION IS TO MAINTAIN THE COMMON PROPERTY AND ASSETS, PROVIDE AN ACTIVE LIFESTYLE FOR THE RESIDENTS AND AFFORD THE RESIDENTS OPPORTUNITIES TO SUPPORT AND INTERACT WITH THE SURROUNDING COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING THE COMMON AREAS AND COMMON ASSETS IS AN IMPORTANT PROGRAM WHICH WILL, IN ADDITION TO PROVIDING AN APPEALING COMMUNITY, MAINTAIN THE HOME VALUES OF RESIDENTS AS WAS AGREED TO AND UNDERSTOOD BY RESIDENTS WHEN PURCHASING THEIR PROPERTY. THE SURROUNDING COMMUNITIES WERE GIVEN TO UNDERSTAND THAT THE DEL WEBB THE WOODLANDS DEVELOPMENT WOULD BE AN ENHANCED VALUE COMMUNITY PROVIDING MUCH NEEDED PROPERTY TAX REVENUE TO MONTGOMERY COUNTY. THIS PROGRAM IS AT THE HEART OF THE APPLICATION AS A SOCIAL WELFARE ORGANIZATION.
PROVIDING ACTIVITIES AND FACILITIES TO AFFORD THE RESIDENTS WITH AN ACTIVE, INVIGORATING LIFESTYLE THROUGH EXERCISE PROGRAMS AND WORKOUT FACILITIES.
PROVIDING RESDIENTS WITH OPPORTUNITIES FOR SOCIAL, EMOTIONAL, MENTAL, PHYSICAL AND SPIRITUAL LIFELONG LEARNING THROUGH A WIDE VARIETY OF LIFESTYLE (ASSOCIATION SPONSORED), SOCIAL COMMITTEE, CLUBS AND GROUP MEETINGS AND EVENTS. THE COMMUNITY SHALL ALSO PROVIDE THE RESIDENTS OPPORTUNITIES TO ENGAGE IN ALTRUISTIC PURSUITS WHICH, AS THE OPPORTUNITIES PRESENT THEMSEBLES, MAY RESULT IN CHARITABLE DONATIONS IN-KIND AND MONETARILY. THE CLUBS AND GROUPS ARE SELF SUPPORTING AND THE ASSOCIATION RECEIVES NO INCOME AND PROVIDES NO MONETARY SUPPORT TO THE CLUBS. THE ASSOCIATION DOES ALLOW CLUBS TO USE THE ASSOCIATION FACILITIES FOR MEETINGS AND EVENTS FREE OF CHARGE. THERE ARE APPROXIMATELY 40 CLUBS AND GROUPS WITH 3 CHARTERED CLUBS FORMED SPECIFICALLY FOR CHARITABLE PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Astin Board Member | Trustee | 1 | $0 |
Beth Emery Secretary | OfficerTrustee | 1 | $0 |
Michael Finn Vice Preside | OfficerTrustee | 1 | $0 |
Steven Foeller Treasurer | OfficerTrustee | 1 | $0 |
Kirk Novak President | OfficerTrustee | 1 | $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 | $625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $625 |
| Total Program Service Revenue | $2,106,888 |
| Investment income | $19,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,181 |
| 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 | $2,131,468 |
| 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 | $308,789 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,436 |
| Fees for services: Legal | $11,990 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,473 |
| Advertising and promotion | $0 |
| Office expenses | $10,062 |
| 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 | $48,618 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,943 |
| Insurance | $46,184 |
| All other expenses | $268,255 |
| Total functional expenses | $1,868,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $995,138 |
| Savings and temporary cash investments | $1,244,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,362 |
| 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 | $33,437 |
| Net Land, buildings, and equipment | $3,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,295,923 |
| Accounts payable and accrued expenses | $27,221 |
| Grants payable | $0 |
| Deferred revenue | $1,106,809 |
| 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 | $1,134,030 |
| 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 | $1,161,893 |
| Total liabilities and net assets/fund balances | $2,295,923 |