Braeswood Place Homeowners Assn
- Assets
- $435.4k
- Revenue
- $497.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1956
- Data as of
- 12/2022
- EIN
- 74-6062739
Organization Overview
Braeswood Place Homeowners Assn is located in Houston, TX. The organization was established in 1956. 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. Braeswood Place Homeowners Assn 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 12/2022, Braeswood Place Homeowners Assn generated $497.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $781.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHOOD ASSOCIATION CREATED TO PROMOTE THE WELFARE AND PROTECT THE PROPERTY VALUES IN AN AREA ENCOMPASSING APPROXIMATELY 2200 HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRACT CONSTABLE DEPUTIES TO PATROL NEIGHBORHOOD AS A SUPPLEMENT TO CITY POLICE WHICH IS FUNDED THROUGH VOLUNTARY MEMBERSHIP DUES FROM ASSOCIATION MEMBERS
CONTRACT CONSTABLE DEPUTIES TO PATROL NEIGHBORHOOD AS A SUPPLEMENT TO CITY POLICE WHICH IS FUNDED THROUGH VOLUNTARY MEMBERSHIP DUES FROM ASSOCIATION MEMBERS
PROVISION OF DEED RESTRICTION REVIEW FOR RESIDENTIAL PROPERTY BUILDING AND FLAG DELIVERY PICKUP FOR HOLIDAY DISPLAYS FUNDED THROUGH VOLUNTARY CONTRIBUTIONS BY MEMBERS.
PROVISION OF DEED RESTRICTION REVIEW FOR RESIDENTIAL PROPERTY BUILDING AND FLAG DELIVERY PICKUP FOR HOLIDAY DISPLAYS FUNDED THROUGH VOLUNTARY CONTRIBUTIONS BY MEMBERS.
NEWSLETTER DISTRIBUTED TO ALL HOMEOWNERS TO INFORM OF NEIGHBORHOOD CRIME STATISTICS MAINTENANCE AND EVENTS FUNDED BY CONTRIBUTIONS BY ADVERTISERS.
NEWSLETTER DISTRIBUTED TO ALL HOMEOWNERS TO INFORM OF NEIGHBORHOOD CRIME STATISTICS MAINTENANCE AND EVENTS OF COMMON INTEREST PARTIALLY FUNDED BY CONTRIBUTIONS FROM ADVERTISERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Kerlin Director Area 2 | Trustee | 2 | $0 |
Sandra Paulley Director Area 4 | Trustee | 2 | $0 |
Janet Maxian Director Area 5 | Trustee | 2 | $0 |
Peter Wilson Director Area 7 | Trustee | 2 | $0 |
Steve Scherer Director Area 9 | Trustee | 2 | $0 |
Mary Jane Smith Director Area 11 | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $110,096 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,096 |
| Total Program Service Revenue | $386,856 |
| Investment income | $90 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $497,042 |
| 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 | $639,595 |
| 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 | $43,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $28,000 |
| Fees for services: Legal | $6,429 |
| Fees for services: Accounting | $2,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,450 |
| Information technology | $20,920 |
| Royalties | $0 |
| Occupancy | $8,286 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,358 |
| All other expenses | $3,307 |
| Total functional expenses | $781,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,109 |
| Savings and temporary cash investments | $328,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $45,438 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $435,384 |
| Accounts payable and accrued expenses | $2,523 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,523 |
| Net assets without donor restrictions | $168,493 |
| Net assets with donor restrictions | $264,368 |
| 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 | $435,384 |