New Property Owners Association Of Newport Inc
- Assets
- $4.9m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 45
- Location
- Crosby, TX
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 76-0496570
Organization Overview
New Property Owners Association Of Newport Inc is located in Crosby, TX. The organization was established in 1997. 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 12/2021, New Property Owners Association Of Newport Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Property Owners Association Of Newport 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 12/2021, New Property Owners Association Of Newport Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 12.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE BETTERMENT OF THE NEWPORT COMMUNITY THROUGH PROVIDING SERVICES, AND THE MAINTENANCE OF THE COMMON ELEMENTS OF THE COMMUNITY. THIS INCLUDES THE PROVIDING OF VARIOUS SERVICES, COMMUNITY EVENTS AND THE MAINTENANCE OF THE COMMON ELEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOR THE BETTERMENT OF THE NEWPORT COMMUNITY THROUGH PROVIDING SERVICES, AND THE MAINTENANCE OF THE COMMON ELEMENTS OF THE COMMUNITY. THIS INCLUDES THE PROVIDING OF VARIOUS SERVICES, COMMUNITY EVENTS AND THE MAINTENANCE OF THE COMMON ELEMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Davila President | OfficerTrustee | 2 | $0 |
Nancy Gaudet Secretary | OfficerTrustee | 2 | $0 |
Becca Sharp Treasurer | OfficerTrustee | 0 | $0 |
Jeff Stillwell Vice President | OfficerTrustee | 2 | $0 |
Eileen Fashoro Director | Trustee | 2 | $0 |
Norman Outley Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,783,770 |
| 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 | $2,783,770 |
| Total Program Service Revenue | $1,732,461 |
| Investment income | $835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,930 |
| 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 | $4,531,996 |
| 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 | $454,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,688 |
| Fees for services: Accounting | $12,500 |
| 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 | $197,602 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78,404 |
| Payments to affiliates | $665,684 |
| Depreciation, depletion, and amortization | $156,683 |
| Insurance | $146,332 |
| All other expenses | $1,239,179 |
| Total functional expenses | $4,004,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,192,845 |
| Savings and temporary cash investments | $213,993 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,085,076 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,520 |
| Prepaid expenses and deferred charges | $29,721 |
| Net Land, buildings, and equipment | $2,345,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,351 |
| Total assets | $4,877,552 |
| Accounts payable and accrued expenses | $101,456 |
| Grants payable | $0 |
| Deferred revenue | $429,262 |
| 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 | $1,573,262 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $98,405 |
| Total liabilities | $2,202,385 |
| Net assets without donor restrictions | $0 |
| 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 | $2,675,167 |
| Total liabilities and net assets/fund balances | $4,877,552 |
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|---|---|---|
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Cinco Residential Property Assn Inc Katy, TX | $14,599,829 | $10,954,529 |
Stonebridge Ranch Community Association Inc Dallas, TX | $11,315,034 | $8,717,166 |
Towne Lake Community Association Inc Cypress, TX | $4,256,681 | $7,685,021 |
Walden On Lake Conroe Community Improvement Asso Montgomery, TX | $5,919,000 | $7,405,584 |
Aliana Homeowners Association Inc Pipe Creek, TX | $4,933,191 | $6,737,042 |
Steiner Ranch Master Association Inc Austin, TX | $3,672,449 | $4,302,724 |
Canyon Falls Master Community Inc Dallas, TX | $5,159,893 | $4,744,849 |
Castle Hills Master Association Inc Lewisville, TX | $4,067,423 | $4,896,405 |
New Property Owners Association Of Newport Inc Crosby, TX | $4,877,552 | $4,531,996 |