Wortham Falls Homesowners Assocation
- Assets
- $253.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 41-2074737
Organization Overview
Wortham Falls Homesowners Assocation is located in Houston, TX. The organization was established in 2014. 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. Wortham Falls Homesowners Assocation 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, Wortham Falls Homesowners Assocation generated $112.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $150.9k during the year ending 12/2023. While expenses have increased by 9.0% 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
2023
Describe the Organization's Program Activity:
Part 3
PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND THE PROPERTY AND PROVIDING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Wingo Director | 2 | $0 | |
Brenda Knapek Director | 2 | $0 | |
Leticia Corie-Vazquez Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $111,730 |
| Investment income | $386 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $428 |
| Total Revenue | $112,544 |
| 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 | $15,312 |
| Occupancy, rent, utilities, and maintenance | $28,963 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $106,667 |
| Total expenses | $150,942 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $233,901 |
| Other assets | $0 |
| Total assets | $253,899 |
| Total liabilities | $40,699 |
| Net assets or fund balances | $213,200 |