River Oaks Property Owners Inc
- Assets
- $5.5m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Houston, TX
- Founding
- 11/1955
- Data as of
- 12/2023
- EIN
- 74-1207191
Organization Overview
River Oaks Property Owners Inc is located in Houston, TX. The organization was established in 1955. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, River Oaks Property Owners Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Oaks Property Owners 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 12/2023, River Oaks Property Owners Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SECURITY PATROL AND MAINTENANCE OF THE PARKS AND ESPLANADES IN RIVER OAKS. SUPERVISION OF TRASH COLLECTION SERVICES FOR RIVER OAKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURITY SERVICES - PATROL
ADMINISTRATIVE SERVICES
SANITATION
PARK MAINTENANCE & BEAUTIFICATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bland President | Trustee | 4 | $0 |
Tom Carter Treasurer | Trustee | 4 | $0 |
Carol Coale Secretary | Trustee | 4 | $0 |
Kate Gibson Director | Trustee | 4 | $0 |
Lance Gilliam Vice President | Trustee | 4 | $0 |
Meg Murrary Director | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,489 |
| Total Program Service Revenue | $4,873,271 |
| Investment income | $156,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,408,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,257,510 |
| Pension plan accruals and contributions | -$595,378 |
| Other employee benefits | $480,271 |
| Payroll taxes | $162,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $148,523 |
| Fees for services: Accounting | $26,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,496 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $91,390 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $164,995 |
| Insurance | $224,674 |
| All other expenses | $0 |
| Total functional expenses | $4,324,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,477,551 |
| Savings and temporary cash investments | $1,087,077 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,483 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $253,895 |
| Net Land, buildings, and equipment | $571,314 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,457,320 |
| Accounts payable and accrued expenses | $662,414 |
| Grants payable | $0 |
| Deferred revenue | $3,091,811 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,754,225 |
| Net assets without donor restrictions | $1,703,095 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,457,320 |