Village Of Diamond Bay Homeowners Association Inc

Organization Overview

Village Of Diamond Bay Homeowners Association Inc is located in Pearland, TX. The organization was established in 2011. 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. Village Of Diamond Bay Homeowners Association 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, Village Of Diamond Bay Homeowners Association Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CIVIC & SOCIAL WELFARE ORGANIZATION - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND THE PROPERTY, AND PROVIDING SERVICES TO THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCRMA EXPENSES - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND THE MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND PROPERTY, AND PROVIDING SERVICES TO THE COMMUNITY.


SCRMA SHARED EXPENSES - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND THE MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND PROPERTY, AND PROVIDING SERVICES TO THE COMMUNITY.


OTHER EXPENSES - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND THE MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND PROPERTY, AND PROVIDING SERVICES TO THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Torrey Cardinalli
Vice President
$0
Drucilla Curry
Treasurer
$0
Sara Riggins
President
$0
Mariam Abdelmalak
Director
$0
Sarom In
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
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$0
Total Program Service Revenue$1,792,863
Investment income $19
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,881
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,855,320

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