The Neighborhoods Of Cypress Waters Association
- Assets
- $360.6k
- Revenue
- $567.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- Data as of
- 12/2022
- EIN
- 81-1417062
Organization Overview
The Neighborhoods Of Cypress Waters Association is located in Dallas, TX. Neighborhoods Of Cypress Waters 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ACTIVITY IS YEAR ROUND MAINTAINENANCE AND IMPROVEMENT OF THE COMMON AREAS WITHIN THE MASTER PLANNED DEVELOPMENT, INCLUDING LANDSCAPING, TREES, PARK FEATURES, HIKING & BIKING TRAILS, WATER & ART FEATURES, DOG PARKS, RESTROOM FACILITIES, AND PICNIC AREAS.THE ACTIVITY IS CONDUCTED BY THE NEIGHBORHOODS OF CYPRESS WATERS ASSOCIATION, INC.THE ACTIVITY IS CONDUCTED AT THE 1,300 ACRE DEVELOPMENT IN DALLAS, TEXAS.100 PERCENT OF THE ASSOCIATION'S TIME IS ALLOCATED TO THE ACTIVITY.THE ACTIVITY IS FUNDED BY FEES BILLED TO THE PROPERTY OWNERS FOR EACH OWNER'S PERCENTAGE SHARE AS CALCULATED PURSUANT TO THE COVENANTS, CONDITIONS AND RESTRICTIONS.THE ACTIVITY OF MAINTAINING THE PARK SPACES AND TRAILS BENEFITS THE GENERAL PUBLIC, HOME OWNERS, AND BUSINESS OWNERS THAT LIVE OR WORK IN THE NEARBY AREAS. THE PARK AREAS BECOME GATHERING PLACES THAT ATTRACT PEOPLE FROM THROUGHOUT DALLAS AND THE SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION MAINTAINS AND IMPROVES THE COMMON AREAS WITHIN CYPRESS WATERS FAN 800+ ACRE MASTER PLANNED MIXED USE COMMUNITY, FOR THE BENEFIT OF THE PUBLIC'S USE AND FOR THE BENEFIT OF ALL PROPERTY OWNERS. THE COMMON AREAS INCLUDE 6 PUBLIC PARKS, +2 MILES OF HIKE/BIKE TRAILS, TWO DOG PARKS, WATER FEATURES, PICNIC AREAS, ART FEATURES, OUTDOOR ACTIVITY AREAS, AND PUBLIC RESTROOM FACILITIES, ALL ARE OPEN AND FREE TO THE GENERAL PUBLIC. THESE COMMON AREAS BENEFIT STUDENTS OF NEARBY PUBLIC SCHOOLS AS WELL AS DRAWING RESIDENTS FROM THE GREATER COMMUNITY OF COPPELL, IRVING, AND DALLAS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Billingsley President | OfficerTrustee | 0.25 | $0 |
Brett Johansson Sr. Vp/treasurer | OfficerTrustee | 0.25 | $0 |
Kenneth D Mabry Sr. Vp/secretary | OfficerTrustee | 0.25 | $0 |
Lucilo Pena Senior Vice President | OfficerTrustee | 0.25 | $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 | $567,536 |
| Investment income | $0 |
| 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 | $567,536 |
| 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 | $1,128 |
| 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 | $12,775 |
| Pension plan accruals and contributions | $511 |
| Other employee benefits | $2,549 |
| Payroll taxes | $997 |
| Fees for services: Management | $22,481 |
| Fees for services: Legal | $0 |
| 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 | $8,700 |
| Advertising and promotion | $8,414 |
| 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 | $0 |
| Insurance | $7,289 |
| All other expenses | $77,112 |
| Total functional expenses | $567,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $344,600 |
| 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 | $1,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,039 |
| Total assets | $360,639 |
| Accounts payable and accrued expenses | $360,639 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $360,639 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $360,639 |