Briarwood Home Owners Association Inc
- Assets
- $149.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 88-0174445
Organization Overview
Briarwood Home Owners Association Inc is located in Katy, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Briarwood Home Owners 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, Briarwood Home Owners Association Inc generated $121.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $126.9k during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION PROVIDES FOR THE MANTENANCE AND UPKEEP OF COMMONAREA OF THE COMMUNITY INCLUDING CLUBHOUSE, POOL, STREETLIGHTS,SECURITY AND SANITARY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Teitel President | 2 | $0 | |
Sandy Truxillo Treasurer | 2 | $0 | |
Billy Blair Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $117,576 |
| Investment income | $202 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,695 |
| Total Revenue | $121,473 |
| 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 | $99,782 |
| Occupancy, rent, utilities, and maintenance | $15,925 |
| Printing, publications, postage, and shipping | $1,571 |
| Other expenses | $9,655 |
| Total expenses | $126,933 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $142,068 |
| Other assets | $0 |
| Total assets | $149,038 |
| Total liabilities | $48,946 |
| Net assets or fund balances | $100,092 |