Laurel Place Homeowners Association
- Assets
- $124.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Humble, TX
- Founding
- 10/2005
- Data as of
- 12/2019
- EIN
- 20-2513342
Organization Overview
Laurel Place Homeowners Association is located in Humble, TX. The organization was established in 2005. 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. Laurel Place 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 12/2019, Laurel Place Homeowners Association generated $181.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $140.4k during the year ending 12/2019. While expenses have increased by 1.5% per year over the past 5 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
2019
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LANDSCAPE MAINTENANCE, MAINTAIN COMMON AREAS - ALL FOR THE BENEFIT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tobias Jones President | 2 | $0 | |
Shantai Warren Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $142,601 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $38,693 |
| Total Revenue | $181,295 |
| 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 | $75,704 |
| Occupancy, rent, utilities, and maintenance | $47,360 |
| Printing, publications, postage, and shipping | $7,514 |
| Other expenses | $9,781 |
| Total expenses | $140,359 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,404 |
| Other assets | $0 |
| Total assets | $124,593 |
| Total liabilities | $23,784 |
| Net assets or fund balances | $100,809 |
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