Lakes Of Katy Property Owners Assn is located in Katy, TX.
For the year ending 12/2023, Lakes Of Katy Property Owners Assn generated $134.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $137.3k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATIONS PURPOSE IS THE PRESERVATION AND MAINTENANCE OF THE COMMUNITY AT LARGE
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Welch Vice Pres | 2 | $0 | |
Andrew Hall Treas | 22 | $0 | |
Juan Carlos Mondelli Jr Secretary | 2 | $0 | |
Douglas Gaither President | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $119,777 |
| Investment income | $6,211 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,605 |
| Total Revenue | $134,593 |
| 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 | $97,088 |
| Occupancy, rent, utilities, and maintenance | $32,974 |
| Printing, publications, postage, and shipping | $167 |
| Other expenses | $7,025 |
| Total expenses | $137,254 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $419,750 |
| Other assets | $0 |
| Total assets | $419,750 |
| Total liabilities | $99,515 |
| Net assets or fund balances | $320,235 |