Springbrook Homeowners Association FY2024 filing

Cypress, TXUnknown exempt organizationSince 2009EIN 20-0074066Revenue $243K in FY2024

On file with the IRS12603 Louetta Rd Ste 101 · Cypress, TX

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The Association provides services to the community at large to promote the health, safety and welfare of all in the community

79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $13K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
17 mo
of spending, in cash
Looks good: 16.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$105K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$243K
+4% vs prior year
Spent
$268K
To programs
79%
Net assets
$267K
By yearFY2021–FY2025
Revenue
$243K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$215K
FY2022$232K
FY2023$233K
FY2024$243K
FY2025$294K
Expenses
$268K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$206K
FY2022$306K
FY2023$252K
FY2024$268K
FY2025$249K
Net assets
$267K
FY2024▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2021$386K
FY2022$312K
FY2023$293K
FY2024$267K
FY2025$312K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $211K Management & general 21% · $57K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Springbrook Homeowners Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes community health, safety, and welfare through various services.

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Provided by the organization

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1 program · $211K · in their own filed words · FY2024
01

The association provides services to the commuity at large much like a quasi governmental unit such as streetlights, irrigation, landscape, mosquito control etc.

$211Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$243K
Ln 12
Gifts and grantsLn 1h$183K
Other incomeLn 4–11$39K
Investment incomeLn 3$21K
Money outPt IX
$268K
Ln 25
Programscol B$211K
Managementcol C$57K
Owns and owesPt X
$267K
net assets · Ln 32
Cash and savingsLn 1–2$372K
Total assetsLn 16$372K
LiabilitiesLn 26$105K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$183K
Investment incomeLn 3$21K
Other incomeLn 4–11$39K
Total revenueLn 12$243K
Assets in detailPt X, end of year
CashLn 1$372K
Cash and savings togetherLn 1–2$372K
Total assetsLn 16$372K
LiabilitiesLn 26$105K
Net assetsLn 32$267K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$384K$372K
Total assetsLn 16$384K$372K
LiabilitiesLn 26$92K$105K
Net assetsLn 32$293K$267K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$24K$24K
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$500$500
Office expensesLn 13$3K$3K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$211K$211K$27
Total functional expensesLn 25$268K$211K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $294K$249K$45K$312K 990 PDF
FY2024 Viewing $243K$268K−$26K$267K 990 PDF
FY2023 $233K$252K−$19K$293K 990 PDF
FY2022 $232K$306K−$74K$312K 990 PDF
FY2021 $215K$206K$9K$386K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $242,587 revenue, 12 lines filed
I-8 Contributions and grants$182,625
I-9 Program service revenue$0
I-10 Investment income$20,559
I-11 Other revenue$39,403
I-12 Total revenue$242,587
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$268,182
I-18 Total expenses$268,182
I-19 Revenue less expenses−$25,595
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $242,587 across 6 lines filed
Lines not itemized here account for $4,158 of total revenue; see the IRS return.
VIII-1b Membership dues$182,625
VIII-1h Total contributions, gifts and grants$182,625
VIII-3 Investment incomeRelated to mission $20,559$20,559
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35,245$35,245
VIII-12 Total revenueRelated to mission $59,962 · Unrelated business $0 · Excluded from tax $0$242,587
Part IX · Statement of functional expenses $268,182 across 6 lines filed
IX-11a Management feesManagement $23,848$23,848
IX-11b Legal feesManagement $19,948$19,948
IX-11c Accounting feesManagement $500$500
IX-13 Office expensesManagement $2,762$2,762
IX-23 InsuranceManagement $9,838$9,838
IX-24 Other expenses (24a–d)Programs $211,259 · Management $27$211,286
IX-25 Total functional expensesPrograms $211,259 · Management $56,923 · Fundraising $0$268,182
Part X · Balance sheet $371,827 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $384,489$371,827
X-16 Total assetsStart of year $384,489$371,827
X-19 Deferred revenueStart of year $91,625$104,558
X-26 Total liabilitiesStart of year $91,625$104,558
X-32 Total net assets or fund balancesStart of year $292,864$267,269
X-33 Total liabilities and net assetsStart of year $384,489$371,827
Part XI · Reconciliation of net assets $267,269 net assets at year end
XI-1 Total revenue$242,587
XI-2 Total expenses$268,182
XI-3 Revenue less expenses−$25,595
XI-4 Net assets at start of year$292,864
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$267,269

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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