Park At Lincoln Heights Homeowner Association is located in Dallas, TX. The organization was established in 2004. 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. Park At Lincoln Heights Homeowner 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 12/2023, Park At Lincoln Heights Homeowner Association generated $165.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $131.3k during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 8 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
THE ORGANIZATION PROVIDED AND MAINTAINED THE COMMON AREAS AND ENFORCED STANDARDS FOR THE BETTERMENT OF THE COMMUNITY.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Kelso Director At | 2 | $0 | |
Charles E Marino Director At | 2 | $0 | |
Richard Planto Vice Preside | 2 | $0 | |
Loretta Patterson Treasurer | 2 | $0 | |
Erik L Andersen Secretary | 2 | $0 | |
Thomas Spurgeon President | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $165,280 |
| Investment income | $340 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $25 |
| Total Revenue | $165,645 |
| 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 | $15,844 |
| Occupancy, rent, utilities, and maintenance | $28,097 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $87,327 |
| Total expenses | $131,268 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $291,352 |
| Other assets | $0 |
| Total assets | $299,871 |
| Total liabilities | $8,905 |
| Net assets or fund balances | $290,966 |