Lake Frankston Homeowners Association
- Assets
- $415.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frankston, TX
- Founding
- 10/1970
- Data as of
- 05/2023
- EIN
- 75-0864233
Organization Overview
Lake Frankston Homeowners Association is located in Frankston, TX. The organization was established in 1970. 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. Lake Frankston Homeowners Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2023, Lake Frankston Homeowners Association generated $195.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $71.9k during the year ending 05/2023. While expenses have increased by 7.8% 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
MAINTAIN A DAM SURROUNDING MEMBERS HOMES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dee Queen President | 0 | $0 | |
Tim Bulen Vice President | 0 | $0 | |
Karen Seelye Treasurer | 0 | $0 | |
James Whalen Secretary | 0 | $0 | |
Jayson Gambrell Board Member | 0 | $0 | |
Ray Herndon Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $194,754 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $225 |
| Total Revenue | $194,988 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,939 |
| Professional fees and other payments to independent contractors | $640 |
| Occupancy, rent, utilities, and maintenance | $44,259 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,016 |
| Total expenses | $71,854 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,337 |
| Other assets | $0 |
| Total assets | $415,057 |
| Total liabilities | $20,183 |
| Net assets or fund balances | $394,874 |