Falconhead Property Owners Assn Inc

The information for Falconhead Property Owners Assn Inc is as of the organization's most recent filing in December 2019. This organization is located in Burneyville, OK and was founded in 2018, making it one year old.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Falconhead Property Owners Assn Inc's NTEE code is L50. The "L" tells us that the organization is classified along with Housing & Shelter. The "50" tells us that the organization is a Homeowners & Tenants Associations. The NTEE describes Homeowners & Tenants Associations as organizations that serve the interests of the community as a whole and provide services which meet the needs of people who own or rent apartments, condominiums, townhomes, mobile home parks or other housing complexes who are their members.

Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(4) organization. The IRS describes these organizations as those engaged in Civic Leagues, Social Welfare Organizations, and Local Associations of Employees work.

The mission of Falconhead Property Owners Assn Inc is to provide service for the mutual benefit of the membership and for the civic improvement, operation, maintenance, management, ownership, buying, selling and handling of the common facilities, areas, roads, streets, country club, recreational facilities and guard and security service.

Organization Staffing

Falconhead Property Owners Assn Inc is run by Rick Goddard, who is the President. The organization has 66 employees, of whom none are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 37 volunteers.

Board Governance

The Falconhead Property Owners Assn Inc is an exemplary example of a well-governed non-profit organization. With seven voting members and seven independent members, there is a strong sense of balance and oversight. Furthermore, the organization does not have any potential conflicts of interest, nor has it delegated its management to an outside firm. Board and committee meetings are documented, and the organization has a conflict of interest policy, requiring disclosure of conflicts. Additionally, the organization substantiates and reviews leadership and officer salaries, and provides copies of the 990 to the board prior to filing. While the organization does not have a written whistleblower policy or document retention policy, these measures are not necessary for a well-governed non-profit organization.

Organization Growth

The Falconhead Property Owners Assn Inc has experienced growth over the given time period. Program Service Revenue, Total Revenue, and Total Employees have all increased, while Investment Income, Other Revenue, and Total Employees have decreased. This indicates that the organization has been successful in expanding their services and increasing their staff, while still managing to maintain their overall expenses. The slight decrease in Total Volunteers is a minor setback, but the overall growth of the organization is a positive sign.