Lakewood Park Two Homeowners Association
- Assets
- $146.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tomball, TX
- Founding
- 08/1996
- Data as of
- 12/2016
- EIN
- 76-0171587
Organization Overview
Lakewood Park Two Homeowners Association is located in Tomball, TX. The organization was established in 1996. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. Lakewood Park Two Homeowners 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 12/2016, Lakewood Park Two Homeowners Association generated $87.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $89.5k during the year ending 12/2016. 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
2016
Describe the Organization's Program Activity:
Part 3
MAINTENANCE AND PRESERVATION OF PROPERTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil O'hara President | 2 | $0 | |
Clark Bourgeois Director | 2 | $0 | |
David Grimme Vice President | 2 | $0 | |
Tim Sharp Treasurer | 2 | $0 | |
Becky Brown Director | 2 | $0 | |
Bill Green Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $81,651 |
| Investment income | $61 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,402 |
| Total Revenue | $87,114 |
| 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 | $15,871 |
| Occupancy, rent, utilities, and maintenance | $3,159 |
| Printing, publications, postage, and shipping | $1,372 |
| Other expenses | $69,121 |
| Total expenses | $89,523 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $146,382 |
| Other assets | $0 |
| Total assets | $146,382 |
| Total liabilities | $0 |
| Net assets or fund balances | $146,382 |
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|---|---|---|
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Castle Hills Master Association Inc Lewisville, TX | $4,067,423 | $4,896,405 |
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Eagle Springs Community Association Inc Houston, TX | $6,671,963 | $3,606,534 |